Many Bitcoin pumps in the last seven days: TRAPS to make money from small retail investors? I think YES I believe these pumps are creating less confidence in the market and scarring people away!
I think the recent pumps are just bull traps and some are becoming hesitant to grab the chance to buy more since the market will dip again after a day or two. That is why instead of day trading, I just choose to hold since I have no enough time to check the market from time to time. I do not want to risk and loss some more money because of this.
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I think it's still good to invest now, since most coin or token are taking the dip. If you will wait for the market too recover you might even miss your chance on buying at the cheapest price. The market might recover on September, no one can actually tell. However, buying some moon bag before the market recovery is still a good move.
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It is really hard to detect scammed bounty campaign. After completing all the requirements to be able to get accepted in a bounty campaign, spending much time to participate in forums and not to mention carrying their banners, completing all the tasks and reports then all of a sudden you will just find out that you have been scammed already. luckily I am not the only one but to think all participants did the same efforts as well as you did. But it is really happening, lesson learned and could be just charge it to experience and move on. If we could only find out at early stage if we were in to scam or a legit bounty campaign. Who would really know anyway?
It is actually difficult to detect whether a bounty/project is a scam or not. It is better to review their team, whitepaper and road map before joining the bounty. There's a lot of good project out there that are worth promoting. Do not just look at the amount of bounty pool, no matter how big a bounty pool is, it will not have a value if the project is scam.
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The best thing to do is to review the white paper to look if the project is legit. Even if the bounty is successful, if the project is not legit the bounty token will not have any value in the market. You should also look for a reliable bounty manager since lately there are bounty managers who are running with the bounty payments.
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I'm actually new to this industry and i want to earn some money without putting some in the line(A.K.A investing) and i doubt myself that i could actually know how to manage my coins is there any way to earn money that would kick start me in this industry?
If you do not want to invest some money in cryptocurrency there are a lot of ways to earn free money in cryptocurrency. You can join campaigns by helping promote a project and doing simple tasks. You can also join airdrops to earn free tokens or coins. Mining can be profitable too, however, you will need to have a good computer.
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While every one is in a panic, remember this is the best time to get some bargains, we're down under 300 billion total cap which opens things up again.
I've just reinvested in to PRL again at 2910 SAT, insane value.
What's every one else buying? suggest your best buys.
Yes, indeed. Instead of panicking, people should start buying the dip and threat it as a discount. It is a good price to buy and it will be profitable once the market starts to recover.
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Long time holding is a smart thing to do as far as crypto currency is concern. I have realize that, investors try to play smart in the crypto business in that, they begin to dump most tokens to cause a decline in token prices. This will in turn pave way for them to buy more tokens in other for them to hold for long and sell at higher prices when token values shoot up. In spite of this, is long term holding a smart thing to do as a bounty hunter and why?
It actually depends some bounties are worth holding and sone are not. If you think a project is good try to hold and accumulate more during the dip. Some projects have good potential in the future.
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I think it is just a natural market circulation. It had been a fruitful year for investors last year, so it is just normal to have some market correction after the bull market. The cycle will keep going and only patient people will be rewarded, so just keep holding.
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I think ethereum is also suffering same as with the other altcoins. Another thing that affects it's market demand is it's slow and expensive transaction from time to time. I also agree about what you have said, since a lot of ICO last summer is preparing for their project development a huge amount of ethereum might also be dumped.
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What do you think? Are we ready to go back UP or we will go DOWN?
Let us all hope that the market will start recovering and for another bull market to start. The market have stayed red for a long time since Q1. A lot of people already lost a lot of money due to the current market situation.
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All Altcoins dump again.What is the reason?What happen crypto market in this time?What we need to do for this?Any suggestions...
Everytime bitcoin dumps, altcoin market follows. People are scared of losing money that is why massive panic selling is happening. All you can do is either to cut loss or just be patient and hold.
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I am leaving job and start working with this market. Is it wrong or right?
It depends, if your job is your career and it is paying you well, why quit? I mean, you can actually do crypto on your free time without even quitting your job. All the markets are red and it is risky to invest because the market keeps on falling. You might get depressed once you decided to go full time and lose a lot on money due to the current market situation.
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Its true that digital money needed to be regulated because even though it gives such a good opportunity it is still can be a threat in the world financing government.Cause people may not use banks anymore and withdraw all funds from there and stop using the governments services
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That for me is not true at all,think of the rivalry happening on cryptocurrency and banks,bitcoins are overtaking all bank user to join the bitcoin revolution huge number of people are now adopting bitcoin.I think they are just stating that because they just want to prevent more people exchanging cashes in bank for bitcoins.Or to discourage upcoming users
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Bitcoin really offered us that things and so much lesson in life,if i am into internet and cryptocurrecny when bitcoins is just at its scratch price i would really like to buy hundreds and thousands of it for sure,but sadly same as op im still too young when bitcoin and cryptocurrency bloomup and start to rise.Holding bitcoins now is the best thing we can do now
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You are posting this shit because bitcoins price fell down in huge percentage and you just want to make weak holders to sell their shares so it will dump and you can buy more,good move right there,But this may destroy the community too.Yeah its old but its not outdated in price and still reigning in top now
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its just like comparing 2 siblins of yours,bitcoin and bitcoin cash is in a different way,they will make all new brand new news of their own in their platform and price.Bitcoin cash is just a fork from bitcoins so you cant expect that much about it yeah it will have good price but it cant overcome bitcoin
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buying that huge amount you must have a cutloss bracket for you to not lose that much money as like how much you lose right now,basically you are just an all in person who is gambling and not trading.Now bitcoin depletes at bottom all you can do to regain now is to trade and buy promising alts now
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Can we remove signatures on bounty now?
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I have seen all the bitcoin hold for many profits in the future. What do you do for this and say?
Ofcourse i will do the same too,in fact im am already holding my bitcoins since the last price drop in 6.5k$ mark untill now and now i have some profit.Holding is the smartest way to do in promising coins instead of short term trading
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