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To some extent you are right. I also don't feel good to share all my information to exchanges and projects where I invest, but when it comes to safety of my investment, it feel comfortable with KYC process.
Since it's applicable to all users, there are less chances(no 100% guarantee) to loose my money due to fraud from other user. Even if any then can be traced immediately.
At the other hand, since cryptocurrencies world is not regulated yet, many governments are enforcing kyc process to track money laundering and tax stealing.
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At the moment since there are no regulations on ICOs, many projects are pretending to be legit but at the end becomes the reason of looting the money of investors. In short these kind of projects are scam. Actually not all projects are scam but due to not having regulations it's quite difficult to identify a legit project.
Because of this still there is not much confidence in investors to invest in ICOs
Applying regulations will ensure the safty of investment to some extent.
At other side, due to not having regulations, blockchchain technology is kind of open book to start ups for researching different kind of ideas to implement and to gather the funds for development. So to some extent so called research by startups will be restricted.
But from investors point of view, it's good to have regulations.
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Ripple is number 3rd in place as per it's market capitalization. XRP is still down more than 80% from its peak value as most of the cryptocurrencies shown corrections after 2017′s massive bull run. The ripple price made it's peak to more than $3 in January last year, up from just $0.006 at the start of 2017.
The ripple price is now trading at around $0.33, according to the latest prices from investing.com data.
At the moment ripple has stuck in a range. To grab the momentum, ripple needs some fundamental booster.
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So, Bitcoin Block Reward Halving Countdown has already started.
If we see the history of Bitcoin halving, there seems to have been a positive impact to bitcoin's price. So direct correlation between halving reward and Bitcoin price .
Previous periods of Bitcoin halving in 2012 and 2016, clearly shows that it was a strong booster for Bitcoin price.
In 2012 after halving, the price went from 10-12 dollars to $120 so almost 10X. Whereas after 2016 halving, price moved more than 400%.
And not to mention separately, Bitcoin moves the market. So from my point of view we will see definitely a bull run not right after halving in May 2020 but sure till December 2020.
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Just few days ago market has again started to move in upward direction. At the moment market has recovered slightly from last month's low but still very much down with respective it's peak value.
Even though today we are seeing small upward bound, still the market is having flat situation. Some good news or I should say breaking news that also positive can boost the market and bring back the original confidence of the investors.
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Yes, no trade without loss just like no success without failure.
To jump higher, we have to bend downward. A successful trader is the one who learn form the previous mistakes which resulted into losses.
One should have diversified investment. In today's market volatility situations which lasts longer than expected, diversified portfolio can always safeguard ones investment.
Also one should consider long term investment to make the gains or returns for sure. It will take time but growth will be there for sure.
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You are absolutely right. The expectations about 2018 market rally failed. Now similar situation is there for 2019. People are expecting the same rally like 2017. But who knows what's the future.
One should still be with market being optimistic. Also thinking logically is required. One can have very diversified portfolio to tackle any market moves. Also not investing entire budget, have to see some opportunities to accumulate more if market moves down further 30-40 percentage.
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This is the most challenging part of any project for investors to find out if any project is scam or legit.
Most of the times we get attracted and inspired by the project idea, it's website, and very large number of community members in telegram.
Now a days every system, idea, concept can be transformed into blockchain technology ecosystem. It's very much possible to design a very good looking website with lot of graphics in it. I have seen there are thousands of boots possible in telegram community.
So if we feel the project is good, we have to get ourselves engaged daily in community discussions. This will keep us updated about project specifically the development part. We also consider at what stage product development is.
If we have technical knowledge (I don't have), GitHub code also can give better idea about project.
One of the thing I have observed that if any product is already existing and through a project they are transitioning to blockchain technology, it's most likely genuine project. For example, Bankera.
There are many other factors which can be checked to know if any project is good by or not.
Regulations to cryptocurrency and ICOs is permanent solution to it.
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With new projects, we can see some new interesting, technically solid and worth to invest project. But it does not mean that all the projects are legit. It is most difficult task now for investors to identify any scam project.
Regarding the necessity of bounty hunters, the job is getting harder and harder each day. Also rewards are not like 2 years ago.
With some successful IEOs, on binance, a clear message to Bounty hunters that they ate not much important.
Let's see how it goes.
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I have never done this. And also not sure if I will in future.
Even if someone wants to borrow cryptocurrencies, there is no such system available at the moment. Even if it is available, not sure if someone can trust on it. One can borrow from his/her friends but not sure what will be the situation if coin price goes down or high.
There are some exchanges, soon will launch cryptocurrencies loan system.
It will be interesting to watch then.
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From my point of you, you should have a strategy which will give you guaranteed returns and there will not be any loss of your investment.
I would suggest, you should sell ETH of exact amount which you have invested. And keep the profit amount still invested. Thus you will not losse anything even if ETH again goes down below 105 but if it goes more than 200 or more you can book your profit.
In case if it goes down again below 100, one should accumulate more for good benefits in near future.
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I see the current situation in a very positive manner. With adhering few rules, one can be happy and can get good returns from the investment when invested for long term.
At the moment there is an opportunity to accumulate more as positive or upward trend has begun. Not investing all the amount will give another opportunity to accumulate more if market again moves further down.
My picks will be top 10 coins as per the market capitalization and few good ico projects also can be considered to grow the investment.
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Truly speaking, mistakes are tend to happened. We can try to avoid mistakes only when we know it from previous experience.
As you mentioned, we should never be afraid doing mistakes , because this is the key of our learnings. Unless we try a specific key from bunch of keys, we can't open the lock.
Here in the crypto world, we should be cautious because it's dealing with our hard earned money.
It's very important that we should not repeat the same mistake.
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Almost all ico projects now a days appoints advisors.previouly ICO projects have ignored the role of advisors but as it gave the experience of handling ICOs and the resulting impact to fund raising, it is now become essential to have advisors.
Initially advisors we're just for purpose of project marketing but due to competition, their role and responsibilities have been changed.
One of the most important factor of any ico is it's advisors. So very carefully the selection should be made.
I have seen a project which has been launched by team of advisors:)
The reputation of ico can be determined by experience and level of advisors associated with the project.
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