Latest posts of: iconoclast

Quote from: isaqyomex1 on June 06, 2018, 12:20:17 PM

How can a newbie or an existing improve his/her rank on bitcoin forum. What level of participation does such member need.
Let's have your submissions.

Increasing your rank has become a lot more difficult (some would say impossible without cheating) since the introduction of merit. You can still get up to Jr Member pretty easy but after that it gets increasingly difficult and I would say not really worth even trying. Here is a link to a post that should answer all your questions. https://bitcointalk.org/index.php?topic=2766177.0

Quote from: laurelmatthew20 on June 12, 2018, 06:49:17 AM

I want to earn tokens by joining in a bounty but i don't know where to start.

I would recommend that you concentrate on learning more about what is required in the bounty campaigns and how you might have something to offer.
Explore https://bitcointalk.org/index.php?board=238.0 to see what the bounties are looking for. If you already have a lot of social media followers you might consider doing social media bounties, but if you have any writing skills or the ability to make videos I would choose that over social media since the social media bounties don't pay very much anymore. You should also work on raising your rank on bitcointalk as it will open up the opportunity to do signature bounties. Here is good place to start learning about forum rank. https://bitcointalk.org/index.php?topic=2766177.0

I was doing about 50 social media campaigns at any one time. But they are paying less since they now have many more participants so I am cutting back and devoting more time to producing articles and videos which are much more lucrative. I use a spreadsheet to organize and track all my work. My recommendation would be to concentrate on things other than social media campaigns as they now pay very little.

"So basically anyone that is trading from say few months ago"

If you are holding these coins from a few months ago you are not trading, you are investing.

Your post highlights the danger of taking investment advice from a bulletin board. The people who told you to buy those coins probably already held them, it is in their interest to get more people to buy those coins so that hopefully the price goes up and they can get a better price when they sell. You might very well still be holding these coins while the people who told you to buy have already sold.

Quote from: Obolo on June 09, 2018, 08:22:37 PM

Almost all everyday, I come across fiat on bitcointalk forum which get wondering why people normally use that term in relation to crypto currency. I decided to do research on the word but did not get the concept well. Since the word is circulating in bitcointalk forum and my searches are not helping to understand the concept of fiat better, I am sure the forum will help me understand it better this time around. Guys, I want to know much about the concept of fiat and what fiat has got to do with crypto currency.

Fiat currency is any currency that a government has declared to be legal tender but is not backed up by any physical commodity. In the past governments issued currencies that were backed up by governments holding an equivalent amount of precious metals. For example English Pound Sterling notes could at one time be exchanged for a pound of Sterling Silver. People use the term fiat currency to draw attention to the fact that paper money in the modern era is backed up by nothing but promises.

Quote from: NikoF on June 10, 2018, 12:12:46 PM

Hey guys, what do you think, should i invest now or wait? Market is in the red zone, so it is quite risky to invest now, want to hear your opinion.

The question I would ask is what is it you are waiting for? Is it for lower prices to buy in? You may not see lower prices. Many have made that mistake, thinking that they missed an earlier price increase and the market will give them a second chance. They are still waiting. If you really want to invest and you are worried that prices may go lower in the short term you can simply break your investment into smaller tranches and invest them at regular intervals. Like breaking a $1000 investment into 10 x $100 tranches and investing over a 10 week time frame.

Quote from: Nicolaus Copernicus on June 01, 2018, 01:38:14 PM

I have one question that really bug me sometimes, Are ICOs going to end or new ideas and projects will emerge along with ICOs. Many of us actually rely on bounty to earn other than investing. As long as there is ICO I believe there will be bounty. It will be a sad day for us if ICOs are declared officially dead.

No, I think ICO's will continue. But bounties may eventually come to an end. The SEC in the US seems determined to make ICO's conform to the existing regulations covering the issuance of securities. We may see a point in the future where ICO's are only able to use licensed intermediaries to promote and distribute the ICO or where companies simply stop running bounty campaigns because it leaves them open to liability for any false claims made by those promoting the ICO.