There are many things I don't care about anymore in crypto projects
1. Algorithm
2. Max supply
3. Advisors
4. Analysts
5. Unknown or not popular partnerships
All these are just simply Hype creating shits, any projects that will attract me nowadays will do more than just these and again newbies should look into Utilities,big Partnerships and Top exchanges only, this is 2020 and lots of things have changed.
This is my eye opening advice since 2016
That's a nice one. Before we too much care about coin supply, team members and some partnerships in attracting us to a project. But there is need to look beyond that. There is one thing I don't joke with in selecting project, and that is Utility. This is very important. Utility draws demand and this is very important for development. |
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I know it will be a joy for everyone in crypto space to see the actual reality of news like this. At least one of the altcoins I have personally witnessed its bull run recently was a newly listed 2018 project called Invox Finance. It rose from -1.52% to +634% in just overnight. I am optimistic that if Bitcoin stability continues, there will be more improvement in the price which will also affect altcoins positively as we anticipate the probability of bull run come year 2021 or thereabout.
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You are browsing through Twitter or telegram and you come in contact with news like this '𝙄 𝙖𝙢 𝙨𝙤 𝙝𝙖𝙥𝙥𝙮 𝙩𝙝𝙖𝙩 𝙞 𝙝𝙖𝙫𝙚 𝙞𝙣𝙫𝙚𝙨𝙩𝙚𝙙 𝙬𝙞𝙩𝙝 Mr George Anderson ịt has been a life changing experience and a God sent to humanity 𝙞𝙣𝙗𝙤𝙭 𝙝im 𝙖𝙣𝙙 𝙨𝙩𝙖𝙧𝙩 𝙖 𝙨𝙪𝙘𝙘𝙚𝙨𝙨𝙛𝙪𝙡 𝙩𝙧𝙖𝙙𝙚'
Join link???
When ever you come across such it's a total scam, it's never real to begin with, it's just a fake good news to lure you into a trap, do not bother to read
The fact is people who make it big aren't always ready to share news about how they do it
Messages like this fly around on social media especially telegram and Facebook everyday. These are pure scammers and fraudsters looking for a way of scamming innocent people. It's a pure ponzi scheme and not a legit investment/business at all. On no occasion should you ever join or involve yourself in this kind of message. People that are greedy of making it quick mostly fall into this kind of trap. |
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I have been thinking if cryptocurrency projects should come back as it was in the early 2016 to 2017 as many of us came into cryptocurrency industry the time it has been made visible to many people, because that early 2016 a lot of people don't really have the knowledge and how it works that time, what do you think that will happen if those days should come back in the crypto phase?
I think the repeat of late 2016/2017 will be everyone's expectations. Those were the periods of great happenings in the crypto space. Even projects with some stupid ideas so to say then, get listed and people invested in them. Definitely nothing is impossible, but a repeat of those time will be some how hard to come by. |
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I recently have a problem with Bancor lately. I got two tokens that I want to swap to Ethereum. The customer service said that I may need at least 0.02 ETH in my balance to cover gas fees and I did deposited the exact amount of it.
However, when I tried to convert one of them to Ethereum, it always says "Insufficient gas fees". I get back to the customer service about this issue, and he said that it may be either network congestion or I need to add a bit of an amount again.
How come that Ethereum is under network congestion when I had no problem waiting on transferring my tokens from exchange to Trust Wallet, and then Trust Wallet to Bancor?
Does it mean that Bancor's conversion fee is more than 0.02 ETH? Do enlighten me please! Thank you!
Conversion of coins/tokens to ETH on Bancor network is a little bit challenging. I had experience with them recently also when I wanted to convert my INVOX Finance token to ETH, it was saying insufficient fund, until I was told I need to have a minimum of $5 in the wallet before I can do any conversion. I sought for that amount of dollar in ETH, the it was successful. My experience was that, the exchange will not use all the $5 ETH for your transaction, you just have to have minimum of that amount in the wallet before you can initiate any conversion successfully. |
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These opportunities for altcoin by addon and include part of everything, that very good. And can make the new flagship on blockchain technology.
Altcoins to the moon!!! Not yet. However, I was seriously surprised about INVOX Finance, an altcoin that was recently list on Bancour exchange. This project came around in 2018 but got listed last week. The coin mooned from $0.0041 to $0.031 (+631%) within few hours. I have never seen any altcoin mooning like that within that short period of time. Those having INVOX and able to target the moon must have raked in lots of dollars by now. We are optimistic that when Bitcoin moon, then our favourite altcoins will follow. |
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People don't want to give projects some time to grow, they forget that coins like dash, litecoin, Xmr, Bitcoin etc have a rough start, I'm just saying crypto investment takes years, just because a project drop in value doesn't mean they won't grow better in future.
Projects don't just turn huge in a year, there will be lots of volatility and price loss, for long term hold be prepared, if you can't then go for top coins
Exactly, there is need for patience when it comes to cryptocurrency, it is not an overnight thing. Development is a process that needs ample time. If you trust the concept and the product of a project, then give it time to metamorphosis into something you desire. Many projects we've written off may later become the cornerstones. Every lasting success takes time. |
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It takes time to make money in crypto space, some people called Ethereum and ripple a shitcoin years back, what happened to this coins today? They are big enough to be on top 5 lists, you can still spot new gems but It depends on how good you are with research and most importantly, nothing is guaranteed in this space, loses will come, if you don't put in some patience you will be forced into panic mode and that's all it take to freak out and sell for loss, understand what you getting into, it's not impossible but definitely not a straight road.
Just my kinda advice for newcomers, good luck and happy hunting
Yeah, crypto space is not a place you rush in with the expectation of just making it quickly like that, except you have a big amount of money to invest in good coins through a trustworthy crypto-experienced person. One need to have some patience. Just of recent, a project (INVOX Finance) I have participated in since 2018 just moon all of a sudden to +634%, as in I couldn't believe it because I have taken it as one of my decorative coins. Patience is one of the ingredients to make it in the crypto space. |
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A cryptocurrency being a stablecoin does not mean that the price is literally perfectly stable. It means that there's an effort to stabilize the price as much as possible. Different stablecoins use different methods to stabilize their price. Some peg the value to some other relatively stable asset like the dollar, gold or sliver. Others attempt to stabilize the price themselves by regulating the circulating supply in relation with market capital so that the price stays stable.
I don't think anything is perfect in life. But when we are talking about stable coins, at least I have dealt with USDT before, it may not be perfect all the time but it's 99.99% stable. This has afforded lots of big traders the opportunity for convenient trading. If you have them, then you have less to worry about volatility nature of crypto market. Thanks to these stable coins. |
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In my personal opinion, I don't think the rule was too harsh. Even for a bounty campaign that requested for 15 posts per week. If three posts are made everyday then it will spread across just five days out of six which is good for me. Every campaign has its rules. If one cannot abide by it, then one should not embark on it. The rule is not from the BCT moderator but from the bounty, then there is need to abide by it for the sake of the bounty. For example, some bounties requires that your shares+like on FB should have minimum of 10hrs in between. For me I don't a problem with that rule.
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So there's 6000+ coins out there. Look at the max supply. A coin with a large max supply and rapid emission of new coins will most likely never surge in value. This is because the worlds total capital is divided with so many optional coins. The larger the supply, the more capital it needs to spike in value. Even Bitcoin with a max supply of only 21 million needed massive amount of capital to get where it is now. So any coin with double that, will need the double amount of capital to get to the same place. So with so many options out there if you want good value pump. Look for something with max supply of only like 1 million. (which of course needs to have a utility too to stay in growing demand)
Well, there is iota of truth here. We have seen coins with little supply and are no where to be found today. Likewise, there have been coins of millions in supply and was making it big. If a project has nice concept and good utility, people will continue to demand for it even if the supply is much. Some came with the idea of deflationary tokens just to solve the issue of much supply, but 95% of them are dead now. Concept, idea, utility are very important in any project's development. |
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Some bounty managers are directly involved with scam projects. They themselves build a website, run bounty here and scam investors money while promoters receive nothing. Kakatua is one of examples. So, it is always better to only participate in campaigns which is managed by reputed campaign managers like Yahoo, Hhampuz. Remember, it is better to join one campaign a year than hundreds in a month.
I think I have participated in kakatua managed bounty once, the horrible experience I had then even made me to forget that the name ever existed. Kakatua creates bounties to scam and populate their social media. In a couple of years, I have also had trust in some bounty managers who have handled real and good paying projects, even if some projects team fumbles, it's still very few compared to the list of successful projects they have handled. |
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The biggest money making slot in crypto space is to be
1. a developer
2. build crypto wallets for new projects
3. find bugs in the system of many new projects
yes some paid for security breaching and all that stuff, rendering professional services is the best way to make money in crypto space now
It's very true, that hardly can someone find an airdrop or bounty campaigns with a good reward nowadays because of lots of unscrupulous activities in the space. Though there are still good projects, but extremely few. The point is that, it's only very few people that can do those things you listed above. Majority of the people in the space still depend on the bounties and airdrops and it is our believe that better days will still come as we also try in upgrading ourselves. |
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Oikos is a very good project that lots of people believe in. I don't expect Justin to have done an horrible thing like that, even if he has a personal feud with the team, that's very bad. Anyway, I so much believe that, with the good concept and welcomed idea of the project, it will definitely whether the storm and bounce back.
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The number one question I receive by friends after “What is Bitcoin?” is "What can I do with it?" A few teams are working on a protocol that would add many innovative capabilities for Bitcoin users. It’s a decentralized sidechain called Echo, that aims to develop a suite of financial mechanisms and instruments. We want to facilitate the development of applications that would make your lives as Bitcoiners more convenient. We will be hosting a hackathon soon with a few other teams in the industry to reward programmers and entrepreneurs with making the services that society actually demands. What application or service would be a value addition for you right now? If you want to read more about us Site: https://www.Echo.orgDocs: https://www.docs.echo.orgOne of the things I wish I could do is to take part of the Bitcoin, exchange it for fiat currency, then use it for investment. After that I wish to create a foundation saddled with the responsibility of helping others. If they ask me, what is the secret of my success, then I will tell them, it has been through cryptocurrency. Through this, I think in my own little capacity I can increase the awareness of crypto among people. |
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I'm not here to criticize but to clear the fact that bounty managers aren't perfect, many hail and praised bounty detective for their introduction to many new Bounties this year so far but i knew there are some bad eggs among the projects, one if the bad eggs is Kingcasino, the first time i investigate this project I knew something was off, the website design and the team which are fake team, they exit scam and even telling investors that they are scammed.  Sometimes even the best bounty manager can introduce a scam bounty project, no bounty manager is perfectFor those saying this is not enough proof that kingcasino is scam, kindly check this out from another member https://bitcointalk.org/index.php?topic=5259635.msg54724410#msg54724410Are you really sure this came from the team? Because I was wondering even if a project is a scam, how easy for a team to just come out like this and said they have scammed people. Any way, I think I need to make my personal findings about this, because I have always believe that bounty projects from bounty detectives are one of the bests. |
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Just like i used to include in my points that scammers is the main problem crypto is facing presently i come across this news on the internet today about how scammers keep on contrarily influence the digital currencies. As indicated by Changpeng Zhao, the CEO and originator of Binance, there are in excess of 1,500 Binance con artists on the expert informal community LinkedIn. The quantity of Binance scammers on LinkedIn can in the end arrive at 1,605. Now imagine how big scammers are damaging crypto Full news here https://usethebitcoin.com/beware-of-crypto-scammers-1500-scammers-impersonate-binance-on-linkedin/Honestly, scammers are very big challenge that the crypto space is facing. They are on increase on a daily basis; bounty campaigns, airdrops, trading and lots more. So hard to trust anyone in the space now, which is not suppose to be. I don't think this can be eradicated, we just have to be more careful and lessen our greed as much as possible. If scammers are getting reduced customers, I think their activities will subside. |
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Sometimes last week, I saw an airdrop link in one of the telegram groups I belong to, the link was about PSG token. To say the truth that was actually the first time I knew there had been existence even some club fan tokens already, for example that of Juventus. I went ahead to make some findings about the authenticity of the airdrop. When I got to the official Twitter page of the PSG fans, there was no announcement of any airdrop. Then I knew it must have been the handy work of the scammers.
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Once again I found a very suspicious airdrop. Participants are asked to send number of ethereum which will then get the amount 2x in 4-8 minutes. Official group https://t.me/Civic_officialI was surprised when I saw this, did anyone join them here? Hey mate! You don't need anyone to tell you that this is outright scam. No legit airdrop will ask you for any withdrawal fees, except they can direct you to withdraw your tokens on bots such CCTiP and the likes. Also, one should be careful of selfdrops, that is for example, pay 0.5 ETH to get 1ETH. Those are scammers related gimmicks. |
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I've got a news to share about shitcoins, the moment the coins that people are holding aren't surging when they want they will start calling such coins shitcoins, many called electroneum and apollo currency shitcoins last year but this year the coins start showing good signs, you don't have to make your money from Bitcoin or popular coins, you can make money from not so popular projects too, remember HEX? Haha I'm sure you guys know what I'm talking about.
You're very right in some aspect. At times, abandoned stone can become the chief cornerstone. Shitcoins to some people may be projects that do not really have any appreciable value in the market again. In the other hand, definition of shitcoins to some people may be projects that are dead and their developers have ran away. What I believe is that coins/tokens that are still in the market but at a very low price to our expectations can still make it during bull run or sometimes when market situation improves, so we should not completely term them as shitcoins. |
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