|
The rate at which cryptocurrency is lost to Hacking has been intensified since the reduction in the scam ICOs. The newest is the stolen of between one to two million ALGO CAPITAL fund through the Hacking of their CTO. Series of individuals have started claiming to have solutions to this threat by developing a quantum resistant wallets and exchanges which prevent and protect individuals wallets from been hacked. Will there be anyway of preventing such occurrence aside from the QUANTUM RESISTANT ECOSYSTEM that some people now campaign.
|
|
|
|
|
Gone are the days when airdroppers and bounty hunters were making it big in the hunting. Nowadays, a lot of people claim to be working on a crypto project do so just to disguise to obtain funds with ill intentions from the public. Most of these project conduct neither ICO nor IEO. They only call on airdroppers to publicize their tokens in return for payment in the publicized token. They use the airdroppers to build their communities. The hunters refer one another with the hope of getting paid.
The will the get their shock of life when the project team demand for little tokens as gas fee for the reward to be sent. Most of them have big pool of participants who if they should pay, the team easily cart away several thousands of dollars worth of ETH.
|
|
|
|
|
It is reported that by forbes.com that $4 billion worth of cryptocurrency was lost to scammers through Hacking. It even claims binance in May lost about $40 million to Hacking. This development has lead to development of new cryptocurrency projects mostly exchange claiming they use quantum resistant which helps protect against the theft and Hacking of individuals wallets on their platform.
Won't this be a dimension to which another scam springs up
|
|
|
|
|
The same I was thinking about some days ago. There is nothing positive without its own negative side. Cryptocurrencies most especially bitcoin and ethereum will make it so easy for financiers of terrorism to move funds with no trace and money laundering will become so easy and untraceable.
|
|
|
|
|
Most of the points listed here can only be seen only after the project has been successful. And some people must have invested in it before the time. The most important thing is how to spot a viable project by worthy and trusted teams from the beginning of a token/project development.
This can be done through a thorough research about the team behind the project.
|
|
|
|
|
I see people encouraging hodling doing so to reduce supply to market in favor of themselves to hkeep the price up for themselves to sell. I happen to be a victim with junks of tokens in my wallet. I am not in the club of quick seller.
|
|
|
|
|
It is actually the way you said but the ICO related fraud ranging from fake ICOs to exchange scam is limited nowadays because of the introduction of the IEO. Exchanges that engage in IEO must have first of all see the viability and authenticity of a project before accepting its listing on their exchanges and that thereby safe the potential investors from falling victims of scammers.
|
|
|
|
|
This is a great advice for hunters. The problem is just that many do not know how to spot the differences between the good and bad projects.
|
|
|
|
|
Getting investors to support ICO becomes scarce because of past experiences of ICO scams and no proper management of some projects. People invested in so many ICO of which tokens are now next to nothing in value. This has scared a lot cryptocurrency investors away as well as many other prospects.
|
|
|
|
|
What usually happens in the bull run will definitely happen. A lot of people will rush in to buy hoping the price will keep rising and they will end up losing like we saw in 2017 and recently.
|
|
|
|
|
A lot of people come online making rounds series of predictions on what becomes of prices of the two most popular cryptocurrencies. This action has cost series of newbies a fortune which they lost to investment based on such predictions.
2017 was a great year for some people in bitcoin and ethereum trading while it was a doom of some most especially those that were then new to cryptocurrency. Some of these people are yet to recover from lost to the investment at the time bitcoin traded at over $18,000. We have seen another one recently with the last and very short bull run.
Will this be another blow to the prediction based investors?
|
|
|
|
|
Looking back sometimes is a very important aspect of daily life activities. Looking back makes you understand your mistakes and an insight to make a better decision in the future most especially in the cryptocurrency investment.
|
|
|
|
|
Yeah patience is the key and sometimes, it is not the team's fault that the price falls. The same greedy investors hear about the project's bounty and airdrop distribution and start bidding low prices to buy from hungry mongers hunters. They bastardize the price to the point of no redemption and it the end put the blame on the teams and bounty hunters when their greed is the major problem.
|
|
|
|
|
I doubt if this can really be ascertained as such. Many hunters work on different campaigns and that gives them different experience. Someone working on a signature campaign of few people and huge pool will say it is profitable and on the other hand, one who works on overcrowded one will earn so low and complain of no profit.
So I believe this is based on individual's experience.
|
|
|
|
|
Running the IEO and ICO concurrently is what surprises me. How can that be and how won't the prices and bonuses be different. I think that is a way of manoeuvering the earnings that should go to the exchange based on the amount raised on the platform.
|
|
|
|
|
That will be great. Breaking the bounty initial agreement is an awful things but sometimes, some hunters become so greedy using multiple accounts to acquire more and thereby dump to bastardize prices on the exchanges.
|
|
|
|
|
Show Posts
