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People always said that ETH will be the next Bitcoin. What's your thinking about that? Is it possible that someday it will cost as much now as Btc?
As for me I don't see the possibility of that happening for now. Because of the quick growth of ethereum, that is why people are think ETH will displace BTC soonest.
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We need to beware of such coins – those coins were created in “get rich quick” scheme in order to make money only by their creators. Identifying them might be a little bit difficult. We need to scrutinize any coin very well before investing in their ICOs. Experience also matters in this kind of situation.
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No more Facebook campaigns? How true is this? I have not really heard or read anything about this. I still have five bounty campaigns I'm doing on Facebook presently. Anyway, may be I need to find out more on this.
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To me, ICO is a good investment depending on the success nature of the coin they are investing in. If someone is very careful in selecting them and luck at times, ICO could turn out to be a very big investment. In the order hand, if someone invest in "hit and run" project, it could turn out to be a kind of disaster.
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With the bitcoin price flirting around the astonishing $10,000 USD milestone, it’s starting to look like nothing can stop BTC. Now we start to wonder: has critical mass finally been reached for mainstream adoption? Is there no turning back now?
Yet even with Bitcoin’s unprecedented dominance, we must always bear in mind that the future is inscrutable. And with the incredible power struggles, and even power shifts, that have been occurring in the cryptocurrency space as of late, it’s clear that the path forward is still very much unsettled.
However, for other coins to beat bitcoin, then it has to be a thug of war.
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The legality on Bitcoin and other crypto currencies depends on where you are and what you wish to do with it. Governments of the world over are trying to get to grips with its risks and rewards, playing the game between consumer protection, anti-criminal activity and encouraging innovation. The risks for Governments can vary, most emerging markets are either heavily anti or pro the use of digital currencies such as Bitcoin but in general western economies are using soft touch principle based regulation to encourage innovation.
In summary, bitcoin is not legal until the government of each country declare it to be. However, with way things are going, many government of different countries will still join the existing ones to declare it legal.
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This depends on individual, I think there are a lot of good coins that can make us rich. I will suggest omisego. It's a coin I have invested in and it's a very good one.
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Voise is a decentralized music streaming and downloading platform that aims to monetize independent artists. Their business model distributes 100% of the revenue to the artists. They want to build an anonymous and decentralized platform using Ethereum’s blockchain technology and a personalized token to fit the platform needs.
Voise guarantees anonymous transactions and a high degree of security.
The use of a peer-to-peer market allows the musicians to price their own songs.
Decentralization prevents illegal downloading of music and makes it virtually impossible to hack the network. In addition, payment with crypto currencies is also possible.
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January has not been the happiest of months for Cryptocurrency holders, we’ve seen the market bleed out continuously for weeks now. Many people are asking why this is happening, well its not really down to any one specific factor.
Each time when the storm was at its worse, those who held, received all new highs when the storm passed.
Each storm you hold, the drop in price becomes less and less compared to the subsequent storms
The same will happen with this Great Crypto Depression (GCD) of late December/January this year. It will pass, and if you hold and buy promising coins while at discount, you will be rewarded.
Crypto is here to stay, just like the Internet 20 years ago, it will only get more and more used, it will never stop.
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Speedcoin is a secure digital currency based on peer-to-peer system (similar to BitTorrent) that help people to make fast anonymous payments to anyone in the world without any commissions. It is based on the scrypt proof-of-work algorithm. New blocks are generated every 60 seconds.
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The following are some of the problems with Cryptos:
(1) Price Manipulation
(2) Pump and Dump ICO Schemes
(3) The Activities of Cybercriminals
(4) Lack of Price Uniformity
(5) Transaction Delays - in some trading areas, before can withdraw, you have to
go through some cumbersome verification
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Here are some of my ideals:
Carefully examine the project: Read the information on the project's website, check out the team and the advisors, and read up on their backgrounds. There are many things involved here.
Understand the risks before going in: Typically, when a project tied to an ICO fails, the associated tokens will plummet in value.
No path is 100% safe, but there are precautions you can take.
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Let's see it in this perspective, some months ago, 90% of all money invested in cryptocurrency was invested into Bitcoin.
Curiously, this number has dropped to somewhere around 45%. Conversely, Ethereum’s share of the total money invested has increased four times in size, making it approach the 30% area.
Another indicator showing that Ether can overcome Bitcoin can be found by looking at who’s backing each type of currency, as well as why they are backing said currency. Bitcoin’s focus on payment technology makes it popular with governments, such as Japan’s and China’s governments.
On the other hand, Ethereum’s smart contract technology makes corporations very interested in its real world applications. For example, a new coalition by the name of the Enterprise Ethereum Alliance (EEA) has sprung up with the explicit objective of facilitating and fostering the growth of the Ether.
The Enterprise Ethereum Alliance consists of more than 86 firms, including JP Morgan and Microsoft. The endorsement of Ether by such heavy hitters only goes to show the amount of potential in this technology.
Ether is capable of overcoming Bitcoin, however, it's not going to be an easy competition.
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I can make as much as possible, it depends on the viability of the bounty. There are some bounty campaigns that people are not really much there, especially signature. The token share of individual will be greater compare to where people are many. Moreover, if the coin of that bounty perform very well in the market, it's going to be a whole lot of money depending on how individual can promote that bounty.
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Here are some of the things to look in a good ICO:
1. Team Composition - find out everything you can about the team
2. Bitcointalk.org Thread - A good starting point is the project’s announcement
(ANN) thread on BitcoinTalk.org, as Bitcointalk is the biggest forum for Bitcoin
and crypto related issues.
3. Stage of the project and venture capital investments.
4. Community and Media.
5. Token distribution – when and how.
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My biggest regret was when I sold the token I made from one bounty campaign for just #50,000. Two weeks later, the same number of token I sold at the aforementioned price rose to #500,000. Too paimful.
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One of our beliefs in my place is that when something is too much, the value of such thing can be degraded. With the influx of altcoins on a daily basis, the fear is that there are a lot of them which might not really mean business. Within some days or week, they vanish from the market.
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Definitely we should expect a positive correlation between the size of an investment and profit especially when that investment break-even. With this, the larger the size of ICO, the greater the profit on the condition that the ICO is able to compete favourably in the market.
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Yes, I really need advice from the cryptoveterans or let me say I need help. The help I need for now is that if I want to participate in a bounty campaign, I will I know when those bounty campaigns are out or where do I get latest information about bounty campaigns.
Thanks in anticipation.
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