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I am also surprised that most reputable bounty managers are also having hard time promoting an ICO or finding those bounties. Most of those ICO nowadays are having hard time reaching their softcaps andemp their hard caps are super low so I believe that those experienced bounty managers know that they will also waste their time if the project will not reach the goal and they will also not be paid right? Handling a bounty campaign is a pain in the ass, specially if you only have limited employee to handle each campaigns with thousands of participants.
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Currently, I am also thinking of another way on how to earn from this downtrend but losses is always inevitable specially if you don't have enough knowledge on how to read the chart or active analyzing those crypto related news which is the source of fundamental analysis. I don't do day trading because I have another personal job to handle everyday. I guess holding is the only thing I can do for now and buying it back at a lower price to cover some losses might work specially when this red market stops.
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Big companies, well known personalities and bunch of whale investors are behind this red propaganda against bitcoin and other cryptocurrency. The bad news is that the crowd looks affected too much and a massive sell happened in less than a month which really is surprising. Who would have taught that ETH could touch below $100 and bitcoin below $4000? It looks like we are going back in the past or the price of 2017 before the bloom of cryptocurrencies price.Honestly, the feeling of looking to your portfolio with more than 50% loss is always heart breaking every time.
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Never join an airdrop if there will be a required KYC. Are you willing to sell your identity to a shit coin? Some airdrops doesn't even have a real team or a trusted website so why do we have to participate to such obvious scam? The bad news is it takes forever before you get your reward and always getting listed first on decentralized exchange where the price will immediately gets dump after a day or two. There are some legit airdrops but what I am saying is that we also have to think and research first before joining.
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Red market is always the best time to enter because most altcoins specially your favorite to invest with are on sale. This might be pretty scary but investing is all about guts and patience right? This might be pretty similar to gambling but more safer since we have fundamental and technical analysis to rely on when making a decision. Cryptocurrency is here to stay and an adoption is inevitable. We are seeing proofs that bitcoin and other altcoins are being used a form of payment through online transactions so what I am saying always have a basis.
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There are different methods used by experienced bounty managers nowadays where they are using minor KYC by posting on the thread or using telegram bot before you get the form o be filled out when joining specific campaign. Your suggestions are common but would be helpful for inexperience bounty managers. Bounty hunter scammers are those who usually do identity theft to multiply their reward so we also have to be aware checking the spreadsheet.
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Just hold them and everything will be fine. If you put your emotions and focus your to your losses, you will definitely make wrong decisions and suffer a lot. Instead of selling those at lost, start buying those back at lower price. In trading we should always sell high and buy low. In stop lost, apply 2% loss rule in every trade to minimize huge losses. You could also visit tradingview website to seek more ideas when to buy or sell your altcoins.
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There is a big a possibility that a bull run will not start at the last quarter of the year but the current price of bitcoin was pretty encouraging to buy right? This really is a rare chance after a year of price correction so those whales could make their big move anytime. We are seeing many good news coming out lately about mass adoption and acceptance of bitcoin as a payment which is a good way to advertise cryptocurrency or to introduce the use of it in the future. Despite this price correction, I am still hungry to invest with bitcoin and willing to put my Christmas bonus pay on the first week of December. The chance to grab bitcoin at a lower price is now or never.
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Why don't we start thanking BCH hardfork? Because of their decision, I am pretty sure that those real investors are very happy reinvesting to their favorite altcoins and ofcourse, I am one of those happy investors. I felt sorry for those weak handed investors who did panic sell where in the end, they just reduced the number of their holdings when try to buy it back incorrectly or been affected by FOMOs. To be honest, I already lost 40% value of my investment because of this bear market but it is not a reason for me to sell my altcoins at lost but to hold it and add more to it by buying it back at a lower price. That will be the best choices for me.
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Ripple took over the second place which might be temporary or maybe not. I heard a lot of negative impression with Ripple saying that this altcoin only ruins the purpose of cryptocurrency for decentralization because it was controlled by the bankers and should not be treated as a cryptocurrency because it was actually centralized. On the other hand, it was one of the good choices for long term holding because it is much cheaper than Ethereum and surely gives you higher return over a year. If XRP will become a major trading pair to an exchange like Binance, the price is undoubtedly will skyrocket.
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Ethereum 2.0 looks interesting and profitable to me because of its exciting features to change the market. We all know that 60% to 70% of altcoins in the market are powered by ethereum and I might say that Ethereum 2.0 will eliminate those fraud altcoins which can be created in an instant on the current ethereum blockchain without any security from its investors. Vitalik Buterin always thinks of way to protect its investors and the future of cryptocurrency. I hope that this time, it will not be similar to hard fork BCH where a massive sell off happened. I am pretty sure that Ethereum 2.0 offers more secured blockchain than the current ethereum.
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To avoid further losses? LOL! Selling at lost will only give you too much anxiety and frustration when the bull run start. When there is a massive dump, that also attracts massive buyer. What do you think is next to happen? Instead of selling, why dont you just starting buying those at a great price? That sounds more profitable right? Weaker hands always digging their own grave at a time like this.
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If there are downfalls then there will definitely a restoration or a comeback. As most investors said, this red market is part of the chart for a healthy correction. This is not a surprise since last year was very epic and bitcoin was overbought. Cryptocurrency is here to stay and will be the way for money evolution and online payments. One solid regulation for cryptocurrency to avoid manipulation then we can expect the true bull run or a new all time high.
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There is always a chance that Ethereum may go down up to $120. Look on what is happening to Dash, even though it leads Ethereum last year and reached the $1000 place first, it is now playing at $118 or may go down below $100. Most investors are crying for this blood bath but on the other hand, this is always the biggest and greatest chance to enter to take a profit. Price correction might necessary for a new bull run and we have to keep in mind that a wise investor always waiting for this to happen. The whales are getting in preparation to grab bitcoin at its lowest price and ethereum will surely follow for the bull run.
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Nothing good happened with my investment this year so I changed my plan. I go with the flow and ride the waves so I sold my shit coins at lost but was able to multiply my ethereum higher that last year. I was able to keep 5 ETH to my hard wallet so far and I can say that it was one of my biggest achievement and a good preparation to take a profit by next year. I am still confident that ETH will reach an all time high next year and during red market, the best strategy to take is to multiply your holdings and do not focus on the value. It always takes time before something good happens or before it multiply its price.
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It really is a surprise that XRP stayed in the second place for over 3 days now i believed and as of today, it leads over $200,000,000 in marketcap vs ethereum. It looks like most investors are placing their bets to XRP because of Vitalik statements these past few weeks that may leave a negative impact to ETH. Based on what I observed, XRP also was the fast gainers among top 5 coins so the big break for XRP to take over the second place might take a while or maybe permanently.
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Honestly, the market manipulators succeeded to confuse the investors. We are hearing and seeing good news in the past few weeks but the market still going down and it happened surprisingly. We can't blame BCH hard fork for this bloody market but it may trigger the point that most holders sold their bitcoin for BCH for another extra cash right? They earned extra cash and will be able to buy back bitcoin at a lower price. My expectation this year is that this slow upward price movement may continue until the end of the year and as always, we can always wait for the next big thing by 2019.
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Proof of joined post
Bitcointalk username: Bittalk12
Campaign in which you participate: Twitter, Facebook, LinkedIn and Signature Campaign
ETH address: 0x70C0220C4AE8F2303570D18592c60ebAa21947e8
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You actually have a point. Most projects are only riding the boat and using blockchain as a front line to create a story that they are building something that could benefit and be applied in the real world where in fact, they were unable to support and develop their project when their altcoins gets dump. They can't even build their own blockchain and always relying on Ethereum network. Blockchain were already recognized around the world with high potential capabilities to be used in any businesses specially in transaction power and these shit ICOs that abusing the blockchain must not be supported.
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