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There is a major reason to this... Most crypto enthusiasts and investors have actually lost faith in the system owing to the fact that there is a proliferation of unchecked fraudulent practices going on in the industry. This has not only led to wide scale panic but has also meant that people are now scared of putting in more money into the market resulting in unfavourable prices due to cash pull outs. This may continue for the unforeseeable future if nothing is done.
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The bear will be over once more investments from corporate finance bodies pour into the market where there is a return to normalcy of the market signalling major changes in the market direction. This can be made possible by enactment of regulations cutting out most of the flaws currently circulating in the industry.
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You have spoken well.... It isn't about buying a million coins and holding them in your wallet. Its about buying the proper coins and digital assets. As for me, I keep advising people to look at the coins doing well and within the first 100 tokens on CMC, it is best to try and invest in this type of assets as they are surely and most likedly the ones to speedily bounce back once the market returns to normalcy.
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This was the fundamentals I learnt while walking up the ropes of crypto trading. Though the influence and power has diminished recently as a result of the market bear, the core meaning of the exercise is still being explored for benefits. This is because, the phrase still holds true. People still buy the rumors, sell the news. This one point that has generated a lot of profits for users in the past.
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It's still too early to tell if the bull run has indeed started. This could just be a correction and occasional pumps making the market to look more like a bullish phase. My advice is to watch how other assets react and how well the market keeps up with this trend. It could just be a trap by the whales enticing unsuspecting individuals to jump in. I truly don't think the bulls run have commenced.
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Nice write up... In as much as the benefits of DEX are, I still think there are a lot of challenges associated with them. This has to do with the complexities, non user friendly and in most cases, operational difficulties to name a few. I still think there are a lot of good Centralized Exchanges coming up with decent features to challenge the more established ones. One of such exchanges is Catex. Catex as a platform that has a lot of exceptionalities in the way it was designed with invariable characteristics. Catex hopes to impact full transparency in trade and also amend the market so as to achieve moderate liquidity. This exchange has some revolutionary features and ideas and its only a matter of time before it becomes a force in the industry. Check them out...
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Actually, I believe KYC should be for investors of a particular project due to compliance. What I really don't understand or get is KYC being demanded for Airdroppers and bounty hunters. It actually makes no sense since these set of people aren't investors. Sometimes, I see KYC for bounty hunters and Airdroppers as a means of denying them what they have worked for. It shouldn't be required!
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I really think both of these lack real long term sustainability. This is why both ICO and Sto have struggled to make impacts recently. Most investors are fed up with the struggles of both. I think a new kind of token offering has to be introduced. One that ensures the challenges of ICO and STO are completely checkmated. It's only a matter of time before we see anything remarkable.
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Please be sure to confirm the said wallet is official and legit before you trust them with any of your assets. This is actually the first time of hearing about MEW having an android app. Considering that MEW has been involved in a lot of blockchain scams, it will be wise to trade cautiously.
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It quite understandable that some projects are choosing this type of model at this time seeing that, the market conditions are unfavourable. Distributing all at once could be devastating at this time knowing that people will surely dump at the first chance of getting their rewards leading to massive price slumps and crashes which may be too difficult to recover thus, leading to loss of confidence on the part of the investors ultimately leading the death of the project. Project teams need to be careful with their policies at this point in time.
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I understand that with recent blockchains coming up after the open source of Ethereum, it is very easy for any average coder and programmer to build any project but at this rate, I really don't think the creation of more tokens or projects is the way to go, there are too many projects already in circulation and others also at their development stages. I think the best thing to do now is to concentrate on the ones available and see how to make them better..
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