This is an impossible thing to detect. Sometimes a legit project can also become a scam project as well. Arguing it based on the criteria that you have mentioned above sometime is not working. So many thing needs to be verified to make sure whether that's a scam project or not but again i do believe identity of the scammer must become the most important part that need to be considered as the best thing to determine whether the project has intention to scam other or not.
It's better to avoid to deal with the any token that will always be scam token like meme token or something else. I do know that people these days are hyping meme token but this is so difficult to know which project was scam and which was not.
Cheap private sale didn't mean a scam too. Identity must become the main concern caused by 90% of project created by anonymous developer was a scam.
It is not impossible to detect because you can already see some warning signs along the way. Like for example, if the project is posting fake photos, this for me, is a red flag. Check also their road map, or whitepaper, if it is just a generic roadmap or copy-paste whitepaper, high likely that the team has no long-term plans for the project. There are some indications on how to detect possibly scam project. But you need to be aware of what's going on if you are heavily invested on one. |
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probably no. And you should focus which way you can earn more and better to find new side job instead of wasting your time working hard in your main job even you don't have a good salary . And to be honest that's what's is happening since the pandemic wherein most people left their job they because they found a good way to make passive income while at home and that's through internet. for me that was a good decision..
It can be a case to case basis. What if that main job of yours is your dream job? Despite the pay is quite low and you have another side job, it's okay to call it a side job even it pays more. There's no problem doing both jobs at the same time as you're not compromising any of them and you're earning more for having both of them. You don't have to find a new job if you're already having two jobs at the same time unless you can take three. Some people are enjoying their main job because it is their passion. But if you think you are just wasting your time in your main job, then, probably it is better to find a good side job instead of stressing yourself with this main job. However, some people don't want to lose their main job because this is where they have healthcare benefits, retirement benefits and all the other benefits that you can't find in your side job. The salary may not be higher with your side job but the benefits accompanied with your main job is already a big plus to consider it keeping. |
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The whole world is trying their best to move to peace and live in peace. Even the ones that are having problems and war are going into peace accord. I don't think that any body or any government will be interested to fight a war because of bitcoin. Assuming Bitcoin is own by a particular country the war might come as country vs country. Assuming Satoshi is known now it will be possible to be fighting Satoshi and his country men. Now that Bitcoin does not belong to anyone how will the fight happen and who will be fighting against who? There will be nothing like international war because of bitcoin.
The scope of bitcoin is global like no country is the sole owner of this technology. So yes, I don't think bitcoin war will happen. And I don't think Satoshi will finally disclose his identity and side for a particular country. This scenario is unlikely to happen because of so many reasons. Also, humanity is trying to find peace as much as possible. We have other problems like climate change, pollution or hunger to tackle with. |
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It's so funny that GoFundMe actually means what it says. The site tells you to fund them because any money deposited on their site can be stolen by the owners. By running a fundraiser you are getting funds for the site. They said they aren't going to keep the stolen money but are going to spend them on charities. How does it make it better? If I steal from you and then donate to the homeless shelter everything should be fine, no crime done.
I hope these centralized sites keep doing it so more people wake up and realize what's going on.
We need decentralized fundraising platforms. I have seen that concept here in the forum but I don't think they are successful with their venture. GoFundMe has been operating for years, so the trust is still on them though there are other rising fundraising platforms like Patreon, Just Giving, Kickstarter or Classy. Though it seems GoFundMe is monopolizing the market because of a lot of donators on this platform. |
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I think this is because they hope for big profits in a short time, usually shit coins will pump big at the beginning, this is what makes many people fooled by the hope of big profits, and of course when they start making big profits they will add more.
shitcoin promises a higher ROI than bitcoin and that is what traps many people into being tempted to buy it  . I have some friends who keep telling me that meme coins will make him rich quick but so far he has never experienced that (he always loses), Bitcoin is always the best and most rational asset, unlike shitcoins or meme coins Unfortunately, that's the truth. When a new user loses such an investment several times he start to wonder what happened and why he did not manage to earn. Then he starts to learn and discover that he has simply fallen for marketing tricks. Do not trust the promises of quick profits, because even if you earn once, without proper knowledge, you will lose everything in a moment by investing in another not researched project. If you want to invest in meme coins, you know that it is only for short-term profits. Because they won't survive long. As they are mostly handled anonymously, most teams behind such project have only one goal, to rip off those naive buyers. They don't care where you got your funds, if it is your retirement savings or money for your basic needs, so long they can get it from you, they will. And getting early on this type of coin is not always profitable, as most of them will die not even seeing the light of trading platform. |
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What will be the rates? I mean what transaction fee will be implemented to each transaction? Do you offer any less from others?
Here! Maybe I can help you, I find out this https://www.ixfi.com/cryptoThis is actually very helpful. thank you! The link above shows 404 error. But checked this site instead - https://www.ixfi.com/landing. @IXFI - since the holding and headquarter is in Switzerland, does it mean that you have license to operate coming from Switzerland Central Bank? |
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Trading is a lot of patience for traders and you may have heard of the trades that have to be conducted for profit in the analysis of the foreign exchange market. If so, it will be seen that he will be able to make all kinds of investments profitable in the long run and if he has no idea, he will not be able to make any profit
if you don't know about trading and knowledge and only rely on luck, then don't trade or invest so you don't experience losses. Quite simple. Trading is indeed looking for profit, but if it is not equipped with good trading knowledge, everything will be in vain. Patience is the next factor to take when entering and starting to trade or invest. If you are just relying on luck without any solid basis of why you are trading a specific coin, failure is very imminent and you will just be wasting your time and money. This needs patience, skill and experience to survive. Because not every time that you will gain, even if we say you already gained those skills and experience, still a potential loss will be on your way. But if you will not give up, later on, you can recover those losses. That's why patience is needed if you want to succeed in this area. |
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This changes nothing. It will just re-direct the whole power to the countries where mining is still strong enough and legal. For example, imagine El Salvador where bitcoin is considered as legal tender, it will get the upper hand and thus gain the whole and sole power to mine the crypto. Stopping the crypto mining won't stop the use of the crypto currencies in any country as it is online, and it can not be practically banned or stopped from using.
So left over mining power and followed by it's reward, will be given to El Salvador (example). Imagine they have will have huge amount of assets in their hands.
If other countries do this, then they will be dropping the axe on their own legs!
You are right, in fact this would be a great deal for El Salvador, also that there will always be ways to mine BTC so that everyone can have their transactions quickly and safely, in the case of Venezuela their government is mining, and has such control It is It is very good that everyone who decides to engage in mining has to register with SUNACRIP, this as to maintain control, otherwise if they do not do so it would be considered almost a crime, where the person or persons will be imprisoned. Now, that we have a country which makes bitcoin as legal tender, it won't be very hard for other miners to think where they will go if situation becomes worst in their region. So I don't think it is in the best interest of those countries that are planning to ban these miners. Look at what happen when China banned their miners, some just went to other neighboring countries but others I believe, some are operating underground as there is still hashrate shown from China. Also, btc keeps surviving even without their participation, considering that China a very big country. |
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With all these advantages about bitcoin, i don't see enough reason why the government is still hesitant to accept bitcoin knowing all its transactions are transparent and so you can't see any illegalities from it. Best proof is that FBI has managed to traced whatever fraudulence that happened to it. That is, if the government can also be transparent in all their transactions, so there is no valid reason that bitcoin cannot be accepted as a currency.
The government is still hesitant not because of transparency but because it is decentralized and they could never get a hold of the whole picture of all the btc transactions. I believe that's one major reason. But when we talk about transparency purposes, btc is actually a good currency as the people will now see where the money goes. For example, government projects with known btc address/es, the public can now trace where the funds are going, thus, lessening the bribery part. That is, if the government will utilize the btc option. And also, if these fraudsters know how to manage their btc to remain anonymous, they actually can. This is why there are mixers. But I guess, these two made a mistake. |
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Much like the saying there is no such thing as bad publicity, any thing that can get the crypto message out there is good. However, I don't know how much additional traction BTC / crypto in general is going to get because of Super Bowl advertising. Some for sure, and overall it will be a win, but will the businesses paying for these ads actually get a bump in sales / profits / site visits? Hard to say now. Give it a few weeks for the numbers to actually come out. And I'll leave with this: https://www.youtube.com/watch?v=RDkDcc5IMSA-Dave Many are watching the Super Bowl. So for these crypto companies to buy multi-million dollar ad time, definitely they are hoping that people will get their interest and check them out. I believe, they can also never be sure if they will get more hits but they are putting a stake on this event. If they can afford to pay their ads, why not? For the first time the Super Bowl which is the biggest game of the year will feature ads from crytocurrency companies. Multiple 30-second ads would cost a whopping 7 million Dollars per slot. Companies like FXT, Crypto.com, Etoro and BitBuy...
Notice it's the Venture Capitalist-funded projects have to run ads to get people to forget their fuggups. "Lost $300 million in a hack!" "Let's buy a $50 million 30 second Superbowl ad. That will address all concerns about our security flaws, as well as our history of blockchain crashes!" It is their marketing strategy. If they can gain the trust again from users, they will do it. But we all know, at the end of the day, it is the responsibility of the user how to choose a reputable and secure trading platform. |
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Is it just luck that I made most of my money from shitcoins and meme coins? While people are hating I always make sure I got in early and I ended up smiling, if you bought shiba at few weeks of release you know what I'm talking about, I do get some big altcoins too but this so called shitcoins gives me the best profits. You entered in the meme market at the right time and hence you could have end up in a huge profit and entry is always the most important aspect and if you have done that then you are in a safe space and you only need to make sure you exit at the right time rather than holding them fo a very long time. Hype alone was the reason for meme coins and you cannot expect to be lucky all the time, so be careful when you invest. Just riding at the perfect time seems to be lucky for us. Not all have been through to this and that comes rarely. Well, Op had made it this time but not sure next time as to think that hypes can't be predicted as well.
This scenario even looks interesting to newbies and asking to have luck as well. But just to tell newbies that not all the time we are lucky and we have to think that no easy money in crypto. It was just about to happen that OP made it is the right time and make the right decision to sell, as if he missed it then he can't smile like that. It is the OP's luck that he gained profits from this so-called shitcoins. Remember, it is not all the time that your luck will be on your side. So for the OP, don't get too confident investing on crap coins, because you may encounter coins that will screw up your funds. You can never be sure that you can always hit the jackpot here. So for now, just be grateful that you are earning profits from this type of coin. |
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The market value is not calculated on the basis of the cash that a person has or how much money a company has in the safe. The market value is based on estimated calculations, which can often be distorted due to political reasons or the stock market speculation itself. Either way, there is no way that Elon Musk can physically shake the price of Ethereum with his money.
Yes, that is true. Net worth is what is owned minus what is owed. Since we don't know all the figures involved, the market is just giving the rough estimate of the net worth of a person. We don't know all the assets and liabilities of the person even if we say he is a public personality. Not all are disclosed to the public. And do you think, for example, Elon Musk would like to bet all his money to one project? I don't think so. Businessman tends to diversify their portfolio, so they won't allot their wealth into one asset only. |
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Among all that has been listed like CMC and the rest, if you get a project that you want to monitor you don't do that on the face level alone by seeing it on the website and you keep rechecking there, that won't be a proper analysis for you to judge the project. What you need is to join the telegram of the group and there you can see what others are doing and saying too on the project.
The OP can start on this forum, check in the ANN section and Tokens (Altcoins) boards as new projects are being introduced in these boards. Now, if you want a comprehensive or updated news, you can always join their social media channel as mentioned above, like telegram. Because in most cases, the discussion is more in-depth in their social media. You can also get some ideas on how the team is responding to their followers. You will also get some intuitions on where the project is heading by how the team is managing their project. |
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I think both Bitcoin and fiat have their advantages and I'm not sure if the government will accept Bitcoin or other crypto better than fiat. We know that Fiat becomes the main currency of a country and it will be difficult to shift it. Although Bitcoin is increasingly known by the public but not everyone can accept it compared to Fiat. Personally, I prefer Bitcoin but I can't leave fiat either. I mean both can be used together and Bitcoin will be better for investment not for transactions even though Bitcoin is supported by advanced technology but still it can't displace Fiat in a country.
We can't say this same sentiment for other people. Because the population of crypto users is still very small as compared to global population. In my opinion, a lot of regular individuals still prefer fiat because they are more knowledgeable about it. With crypto, you can't expect everyone that they know how to transact with crypto. For most people, I think, they are still more comfortable dealing with fiat. Crypto has their pros and cons, so for crypto users already, we can always take this opportunity as an advantage to enrich ourselves in this industry. |
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Just a simple question to the team here. How are you going to prevent this project to fall in one of those abandoned crappy projects? Because my impression is that this will not survive long, maybe after listing and being traded for few months, the value will decline fast and so it will exit early. Maybe, the lifespan will be 2 years max. Hope I am wrong.
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Nigeria is blessed with resources like Crude oil, Gold, Palm oil etc yet our leaders are not utilizing them to develop the country mostly the technological atmosphere, but to in-rich themselves.
Nigeria has all it takes to develop the country technological atmosphere but the leaders are corrupt so they are not interested to develop the country but themselves.
I don't have internet in my village and no light...I only browse if I am in the city.
Corruption is one major reasons why it is hard to develop a certain country. And I don't think there will be drastic change that will happen to this region. So the responsibility will depend now on their citizens, how they will optimize the benefits brought by crypto market in their lives. As long as their government is not totally banning the usage of it, they can always find a way how to explore this market to improve their lives. |
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I get to understand that every year comes with its type of bearish or bull run season in crypto. In previous year's that has passed bitcoin gets to her ATH that got everyone to keep talking about bitcoin. It's fascinating that bitcoin has gone above $60k despite all(countries not accepting it).
Bull run or no bull run, what gives me joy is that bitcoin has come to stay. Not more of a Ponzi scheme as earlier talked about initially
In the first place, bitcoin has never been a ponzi scheme. But some people were labeling it before because of ignorance of its nature. Now, people are realizing that btc itself is not a ponzi but those scammers who are trying to milk gullible users running a ponzi business are the ones ruining the image of bitcoin. And yet, many people especially newbies are still falling from the trap of these ponzi schemes because of the too-good-to-be-true ROIs. |
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We know that behind the meta are people who have influence and a very wide investment network, and not as few companies that have invested large amounts of capital. So when responding to the drop in Facebook's stock yesterday, which fell drastically, there may be overlapping investors who are trying to take unilateral profits. And when the stock sales drop is discarded, then we will see the next increase in Facebook's stock price will be real owned by long-term investors, no more investor hype.
I would assume that all those big name investors will probably be picking it up from these low prices and they would be very happy to actually do so. All these drops do not mean anything unless the company is not doing well in the long run. If there is something wrong with the accounts then I would understand a big drop but if there is nothing wrong then there is no reason not to buy it when it is at a such low level as well. It is clear to me that we are going to see a long term great increase from them so there is no point in selling right now. There will always be big falls, 2008 was a big fall, march 2020 was a big fall, but it always recovers and goes higher. This is enough proof for us to believe that if you buy it, you will be able to get richer by simply holding it. Simply the same strategy as crypto as well, just buy when it is low, hold as long as you can. One should be worried if for example they have investments on this company and they are seeing that the development is also about to stop. But it is not. I don't think Zuck will easily give up his FB project. So that's decline is indeed a very good opportunity for some investors who believe that this company has still a lot to offer. Because in time, they can easily gain their value in the market and you will be the one laughing at them. |
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I think, if traders have been investing in crypto for a long time, they are well aware of bitcoin price movements in the market and don't panic when they see bitcoin prices go down. But for novice traders or investors who just want to invest in crypto, they panic about selling their assets for fear of falling prices. Therefore, investing or trading in bitcoin is very necessary to be able to control emotions and stay calm in the face of price movements in the market.
I think old investors also often experience panic selling when the price of bitcoin drops drastically, sometimes we also need to do this to avoid bigger losses. after that we can set a new strategy and buy when the bitcoin price starts to recover to cover the losses we previously got. Panic selling can indeed cause market conditions to get worse but it can prevent us from getting bigger losses. When the price of bitcoin drops very deeply, it is very important to manage your emotions of panic so as not to experience bigger losses. Especially after seeing the price of Bitcoin which immediately fell after scoring the All-Time High. So, the best thing you can do when the price of bitcoin drops is to think of a strategy as an effort to improve financial conditions without needing to panic. Emotions would be the primary problem on times like these on which you would really freak out when you do see that your portfolio is on floating negative even though its still not a realized loss but you would really be seeing and getting stressed of it which it isnt really surprising for someone to have that kind of reaction and when things becomes even more worst on where it is followed up with some FUD then it would really make things even more worst. I believe that's normal reaction of any individual seeing their portfolio going downhill. But the difference is, how each person react on this situation. Is he going to panic and sell or patiently hold even if he is in panic mode? You need to contemplate on things here, what's your goal, your reason why you are here. You need to review those goals so you are not easily affected by what is happening in the current market. Because if you will get attached to every situation, I guess, this market is not for you. |
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You can never be certain with Bitcoin, even when it comes to not staying at the same price. There were prolonged periods of time when it stayed in a relatively narrow price range, people even joked that it became a stablecoin. It's probably not very likely to happen now, because the market has been volatile all this cycle, which hasn't been fully resolved yet, but it's always a chance that the market will take a break at least for a short time and the price won't change much.
Volatility is the main factor why many people are getting into bitcoin market. Because if the price is stable, I don't think they will be very interested on this market. This is why you will notice a lot of newcomers get on board whenever there is price increase, because they are hoping they can get a hold of the possible high profit. I believe, this volatility factor will stay for years up until we see the seemingly flat line in the market price. But for now, this is what many people are taking advantage of. |
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