Latest posts of: Samuel4

I've been hearing Lightening Network for sometime now but don't really know what it is. Can someone just help enlighten a novice like me what Lightening Network is all about? Is it a form of blockchain, crypto currency or what exactly. Just a hint.

It's really hard to understand the kind of cryptos to invest on as a beginner in this space.i bought virtually every coins that I was introduced to. Unfortunately the same person that introduced me to crypto currencies sold all this shit coins for me. Encouraging me to hodl till $1 or more to make profit. I'm still hodling and counting. Lol

That's exactly what it should be, but it's quite unfortunate that bounties this days are full of Fraudulent activities. Most of the tokens gotten from Bounties are now shit as most don't make it to the exchange. But be it as it may, one project out of hundreds still pays and finally gives hope for the unemployed.

This could be true. Before now I was thinking that alternative crypto currencies will increase in price when Bitcoin price goes up. But currently the case seems to be the reverse. The reason behind this is that so many people are selling their alternative crypto currencies to buy Bitcoin for hodling, expecting high returns. This trend can lead to a fall in the price of altcoins.

It's certain that Bitcoin will definitely become a means of payment in many countries but this will need massive adoption and sensitization. In my Country Bitcoin is fast gaining popularity but the leadership of the country rarely see Bitcoin as a means of payment for goods and services. I was happy when I saw someone advertised his fairly used car online and stated that Bitcoin payment is accepted. This way, Bitcoin will gain mass adoption.

Any coin that's not in your wallet, anything can happen and you loose all. It's not advisable to keep coins in exchanges except you are ready to start trading with them. So if your coin is still with the exchange, I will advise you take them out immediately and store them in Private wallet where you have your private keys

I equally do Bounties, before now I used to think that it's bounty hunters that crash the price of tokens too. I had a rethink when a project called Online.io sometime listed their tokens last year and Lock bounty payment for like 6 months. When bounty hunters were finally paid the token price was nothing to write home about. What about that?

It's still a way if ensuring continuity in the crypto space since people weren't investing in ICOs again. But be it as it may, you either loss or gain. During ico you invest and most times the tokens are listed and you can't even sell at half the price you invested because of dumps. IEO came up and same issue. The Only advantage in IEO is that listing is sure. Unlike ICOs that may not even make it to the exchange.

Each time I hear don't follow the hype, I still think there is something more to know about knowing a good project to invest on. Most times we don't know this project owners one on one but from information we read from media, news about the team and the project and this basic information helps in building FA which eventually leads to hype. Then hype can either bring profit or loss

Your research is a nice one. Before now I used to believe everything about blockchain is Crypto-currencies. But in the course of writing plenty articles for Bounties I got to know that blockchain is a technology that could be useful in so many sectors of the world's economy including the Government, Banks e-commerce etc. The list is inexhaustible. So the earlier the blockchain adoption the better the world's economy.

In my opinion, having a working product is extremely important . This is because it will give the investors some level of trust to invest in the project. And If all the things written in the WhitePaper could be implemented in real life, this will increase mass adoption of cryptocurrency and other digital money

It's quite unfortunate that I joined bounty when it's no longer profitable. But be it as it may, there is still hope and one can actually earn more in bounty but you will overstressed yourself. Again some are still doing bounties because they are looking for money to start trading.

The truth is that crypto currencies have come to stay. But different projects will keep emerging and some existing ones will still close up, all depending on factors like use case, team members etc. All you should do is research and know the kind of project you should invest, make profit and move on

Most times it is difficult to decide. But personally I have chosen ETH, XLM, XRP and NEO to add to BTC as my investments and I am confident that those will give me something reasonable within the next few months. But there are other altcoins that are not yet in CMC but doing wonders too. But they are too dicey though.