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141  Alternate cryptocurrencies / Altcoin Discussion / Re: Which Stable coin is the Best for Investment This Year on: August 16, 2020, 09:00:57 AM
I dont consider purchasing a stable coin as an investment, but more as a hedge against a market movements. Still, most of the time in those situations I go for USDC as it is widely available and it is considered as a somewhat safer alternative to Tether. But if you plan to hold Tether for only a short/mid period of time, you cant go wrong with Tether as well as its liquidity is unmatched.
142  Alternate cryptocurrencies / Altcoin Discussion / Re: Non DeFi projects starts going DeFi on: August 15, 2020, 08:22:04 AM
Not surprising at all to be honest, they saw this as a chance to revive their "going nowhere" projects and give them a new shiny spray paint. I wasn't really paying that much attention to it, but I remember Fantom jumping on this hype train as well, even if they mentioned its DeFi use case before the DeFi balloon emerged. But with them, I think that they could actually make something worthwhile as Andre is still connected to the project in some fashion. 
143  Alternate cryptocurrencies / Altcoin Discussion / Re: (DEFI) YAM! YAM! YAM! a scam? on: August 15, 2020, 08:14:48 AM
I feel kinda bad for all the poor souls that actually bought YAM tokens at those insanely high prices and not farm them, but hey, that is the pattern, bull is here and with it a ton of naive newcomers and "get rich fast" oldies that did not learn their lesson from 2017 and 2018. But seeing all those well known crypto "influencers" shilling YAM as the next big thing was really disappointing, luring normies into getting rekd.
144  Alternate cryptocurrencies / Altcoin Discussion / Re: What strategies do you use to make profits or to make your portfolio grow? on: August 15, 2020, 07:56:45 AM
I am more of a holder, one of the tragic characters that held their bags thorough the complete 18-19 bear season, but at the moment I am following the DeFi hype and am participating in the irrationality of it, but with a sole purpose of enriching my long term bags. DeFi may really be the next big thing in crypto and not just a temporary bubble, but I still prefer to play safe and stick to my old guns.
145  Alternate cryptocurrencies / Altcoin Discussion / Re: UNISWAP MADNESS on: August 15, 2020, 07:50:55 AM
I have a love-hate relationship with it to be honest, it is a super convenient way of swapping your tokens without being bothered with shenanigans of centralized exchanges, but its fees right now are insanely high, I know someone who paid like 30 or 40 bucks for a single swap (including token approval) recently, so if there is another cheaper alternative, I will go with that one, at least for now.
146  Alternate cryptocurrencies / Altcoin Discussion / Re: Do you trust USDT? on: August 15, 2020, 07:44:19 AM
When I need something stable, I usually go for USDC instead of Tether as the latter gives me unpleasant vibes because of all its bad luggage thorough the years. It may be safe for now, but I try to avoid it nonetheless, even if I hold stable coins only for a short periods of time. On the other hand its very convenient to hold Tether as it is supported pretty much everywhere inside the crypto space.
147  Alternate cryptocurrencies / Altcoin Discussion / Re: DEfi Hype Trends! This is not something you expect, go before you get stuck FOMO on: August 15, 2020, 07:37:07 AM
I dont mind the DeFi hype as it is a vehicle to quickly enrich your existing portfolio. Follow the money and exit your positions when you deem it appropriate and you are satisfied with your ROIs, but be sure not to overdo it by staying in the space for too long and be one of the unlucky ones when the whole thing collapses, which it probably will, but no one knows when, it may be months or years.
148  Alternate cryptocurrencies / Altcoin Discussion / Re: Despite Many Participants, You Can Still Get Huge Rewards In Bounty. on: August 10, 2020, 07:27:54 AM
The bounty hunting scene is definitely picking up steam, even couple of months ago it was almost impossible to sniff out a decent campaign, but now the situation is much brighter, not as bright as it was in 2017, but still, enthusiasm is coming back to the market in with that more and more HQ projects doing bounty campaigns. The recent DIA campaign is a great example for it, a strong project that rewarded its participants plentifully.
149  Alternate cryptocurrencies / Altcoin Discussion / Re: Would you use a paper wallet to store your CryptoCurrencies? on: August 10, 2020, 07:22:02 AM
Its the second safest option right after the hardware wallet I suppose, so I should definitely use it instead of hot wallets. Most of my bags are on the hardware one, but some of the currencies are not supported there, so I tend to lock those behind trusted hot wallets, solely because they are more convenient than a paper wallets, but with that you expose  yourself to a certain degree of risk.
150  Alternate cryptocurrencies / Altcoin Discussion / Re: DeFi Projects on: August 09, 2020, 09:27:24 AM
It will be just a matter of time until the dump follows, AMPL is already down significantly and others will follow. Expecially those with gains of over a few thousand percent within 1-2 weeks will soon feel the impact of the sellers. If there ever was a bubble in cryptos, the current behaviour of DeFi is the best contentder for one.

I really would not put AMPL in the same category with other DeFi hard hitters as it is pretty much an experiment in elastic supply token economics, an experiment that most of AMPL buyers were ignorant of, so the whole thing collapsed pretty quickly. I am not saying that other projects in the DeFi scene cannot follow this rapid collapse, but it is much less likely.
151  Alternate cryptocurrencies / Altcoin Discussion / Re: What's going on with the Kick token and it's 888888 Frozendrop? on: August 09, 2020, 09:21:25 AM
I actually remember this project from back in the 2017 and there has been a decent amount of hype around it. I feel sorry for their early investors, I see the team has managed to completely screw up the project with cheap marketing tricks and zero substance, good thing I did not fall for their bs back in the 2017 ICO craze.
152  Alternate cryptocurrencies / Altcoin Discussion / Re: Crypto predictions on: August 09, 2020, 09:14:26 AM
Nowhere specific, I just take a peek at videos of crypto "influencers" from time to time and I of course witness crazy prize predictions, no matter if we are in a bear or a bull market, they are pushing forward no matter the circumstances, luring new people/money into the space, which is a good thing for the price action I guess, but at the same time they are damaging their own reputation with those unrealistic claims.
153  Alternate cryptocurrencies / Altcoin Discussion / Re: Those initial exchange offering (IEO) reduce opportunities for bounty hunters? on: August 09, 2020, 09:04:48 AM
Of course a projects that is conducting an IEO can still fail to deliver what has been promised prior the IEO, but still, being a project that raised its funds via IEO gives you at least some level of security, especially when it comes to price performance as exchange market makers tend to make sure that price wont dump too hard upon the listing. But in the long run, projects have to secure their existence by themselves.
154  Alternate cryptocurrencies / Altcoin Discussion / Re: New projects and their unreal excuses on: August 09, 2020, 08:58:37 AM
Many failed projects will surely use the current pandemic as an excuse for their lack of progress, but serious projects will likely do even more work in these troubled times than during usual circumstances. I noticed that some of the projects temporarily closed off their Telegram account because of the COVID-19, giving their community even more reasons for doubting the intentions of the team.
155  Alternate cryptocurrencies / Altcoin Discussion / Re: best place to find new low cap projects? on: August 08, 2020, 06:12:01 AM
Not sure if anyone has already mentioned /biz/ prior to my post. It is a 4chan board and it is plagued with crypto related discussion, shilling, FUD-ing, FOMO-ing etc. You will get shilled a lot of shitcoins, but there are some legit people on there that are seeking out low MC "jewels in the rough" and giving us a heads up when they find them. You just have to be able to weed out all of the garbage in there to find something very valuable.
156  Alternate cryptocurrencies / Altcoin Discussion / Re: Elrond ERD - Became eGLD/ elrond GOLD what you think? on: August 08, 2020, 06:03:43 AM
I am a big fan of Elrond and also a genesis staker, but that announcement about the 1:1000 token swap surprised me big time. I read the rationale behind it but I still think that when the "stupid" money enters the market in the next alt bull craze, normies would probably be more eager to invest into a token that is worth 2 cents than in a token that is worth 20$.
157  Alternate cryptocurrencies / Altcoin Discussion / Re: New exchange tokens worth investing on??? on: August 08, 2020, 05:56:07 AM
The thing with centralize is that it collects KYC data which is going to be a lot different now than it was 5 years ago. There are exchange with better technology and governance to its token holder like dividends from the fees collected within the 24hour trading volume.


Sure, but centralized exchanges will exist probably forever in this space, so why miss a potentially good investing opportunity. I am totally for the domination of decentralized  exchanges over the centralized ones, but there is still a lot of money to be made in the centralized space.
158  Alternate cryptocurrencies / Altcoin Discussion / Re: New exchange tokens worth investing on??? on: August 07, 2020, 07:48:58 PM
There is one completely fresh exchange project called ACDX which will launch in a few weeks apparently. Former OKEx exec is behind it and they will "attack" the derivatives trading market, so a lot of room for growth and maybe a solid investing opportunity. They are doing private sales right now if I recall correctly.
159  Alternate cryptocurrencies / Altcoin Discussion / Re: I'm dumping my coins because.. on: August 07, 2020, 04:19:01 PM
Quite a few of projects that you would think have no future just a year or two ago are now performing well, so those instances of project re-animation are happening, but on rare occasions. So you can never be 100% certain where the project in question will be a year or two after you dumped your bags. But generally, I of course agree that exiting something that has little promise is the best option, especially if you can exit and get a decent amount of doe along the way. 
160  Alternate cryptocurrencies / Altcoin Discussion / Re: if you want to invest in crypto... on: August 07, 2020, 03:32:04 PM
Looking up the team of the project and making sure they are real people and not some computer generated images or random stock photos is the most basic due diligence you can do, but it is not at all enough to avoid being scammed. There have been numerous projects with known teams that exit scammed without real life consequences (at least for now). So you definitely have to do a deeper research, not only about the team and their history, but also about the project itself.
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