The only fear I got from new cryptocurrency is that as soon as they got listed on exchange and dump by hunters it dies right away. I had lots of tokens who ended up in that way and even some of them never got listed, all of my time and effort just become a waste for nothing. There's even a tokens worth of a penny.
One more thing I fear several new cryptocurrencies because they're most likely a scam. They used to be active during the campaign as soon as the campaigns end they literally don't respond to anybody, and yeah I experience that so be wary.
Well, I also have the same thoughts regarding new cryptocurrencies. from price to being a scam, those are all things that I fear. The thing that happens most often with new cryptocurrencies is their price dumps. I'm afraid it could destroy a project. whether this is due to investors or bounty hunters, the most common thing that happens is dump prices, and that can end up being a scam.
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I have been a victim of this severally and the best thing to do is to have the bounty escrow, this will guarantee payment of reward at the end of the campaign.
One of the risks of not using an escrow project is, you will not get paid for it, and escrow prevents us from avoiding that. however, the use of escrow in all projects will avoid a scam risk of payment. actually, I have also been a victim of several bounties like that. but, that is the risk. Some projects that use Escrow sometimes have payments that are not that large.
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When I was new in crypto I thought XRP would be the next ethereum but seems ethereum is so strong, I think there is no coins will become the next eth in terms of community support and trading volume.
I don't think centralized coins will replace ethereum. Well, XRP was once the center of attention, and even beat ethereum's position on coinmarketcap, whether it's volume or anything else. however, as time went on, ethereum just got better and better. I think the coin that is closest to ethereum at the moment is BNB.
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I think it's fifty-fifty. however, it all depends on the project, not who created the thread. yeah, but, the truth is I have more confidence in the project carried out by BM, which has been trusted at this time. there is no reason not to pay them, even for a big prospective project, it is a necessity. it's just that, it all depends on the observations and research you do on the project. even if he is a newbie, but if he uses escrow for the payment, or if the payment is using stable coins, then it could be more considered.
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at this time, the difference was very far away. Since there were so many scams circulating, nowadays people are always making observations about the team, and that is one way to support whether the project can be trusted or not. for example, currently, there are so many scam projects that do team forgeries such as editing photos, and others. you can see that in the scam thread. So, I think the consideration of investing in a hidden team is very risky for now.
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because some investors will sell their assets along with the bonuses. however, many investors are simply aiming to take advantage of the bonuses given and sell them early to develop their assets. however, you can judge whether a project is good or not after a few months, or a year. if the price is stable or increasing, then it can be said that it is a good project. besides, dumps early in development are normal and have always happened. we don't know which party sold the tokens that were distributed.
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what I heard yesterday is, they are doing this on purpose because they open tokens regularly, and want to make all their participants trade at the same time. in addition, the tokens given can also be swapped. for myself, I've sold the tokens that I have. although at a cheap price, but personally, I have sold 100% of the tokens that I got from the bounty. I hope that the other participants will not have any problems with unlock tokens.
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so far I haven't seen it. however, it can be quite a classy payment method among people. however, the accepted crypto is definitely popular crypto, and these payments are only used as alternative payments. well, sooner or later, they will. some markets have implemented bitcoin or ethereum payments, which would also apply to fast-food restaurants. i found an article on this, but i don't know if it is true or not, because it is far outside my country. Fast food restaurants accepting crypto
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we all believe that is the way. it's easy enough to say that buying and holding it, when the price doubles, we sell it, and then wait for the dump, and buy it back. However, can you wait for it? so much negative news out there. especially in case of panic sell. I am not so sure that you will rest easy with your chosen coin if you are not used to this. after all, it was the right way, only easier said than done.
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Escrow is very important for bounty hunter payments. it also makes the concerns of reducing the initial bounty allocation less likely to disappear. To be honest, there are so many benefits to escrow for a bounty program. in addition to guaranteeing payment, it also increases participants' trust. It's just that, there is always a reason not to use escrow for now, although I see that currently there are quite a few bounties using escrow.
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How can free marketing hurt a project that has nothing? Bounty is a way for such projects without investing to create an advertising campaign and fulfill a marketing plan. Of course, there are bounties of different quality, but I don't think that such a thing can harm the project in any way, rather the opposite. The more noise around the project, the higher its chances of raising funds.
the most important thing is, if bounties and airdrops kill a project, then since a long time ago, there shouldn't be a program like this anymore. but in fact, bounties and airdrops are still the favorite programs to advertise a project. In addition, the percentage of tokens distributed for bounties and airdrops is sometimes below 8% of the total allocation of tokens. So, only weak and bottomless projects fell just because the token distribution was below 8%.
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An absolutely correct post. If projects at the bounty stage finally begin to pay for the services of bounty participants in US dollars or some stablecoins, then this will certainly contribute to an increase in the price of the project's tokens after they appear on the exchanges.
quite a number of projects that pay using stable coins, or popular coins that already exist, such as bitcoin or ethereum. it's just that there will be side effects from that, and the bounty manager also has special criteria for those who want to join, such as limited participants, not so high rewards, and also having Merit. well, I think it's appropriate for a project that will pay using stable or popular coins.
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Altcoins actually carry the same amount of risk as bitcoin. as long as it's an unstable cryptocurrency, I think the risks remain the same. for now, bitcoin and altcoin users seem to be the same, because if they are using altcoins, then they are likely using bitcoin too. In terms of price, it is not always when the price of bitcoin rises that the price of altcoin goes up, as it is today. bitcoin price went up quite high, but the altcoin price didn't go up or even go down. I feel that when the price of bitcoin goes down, the price of the altcoin will experience a big drop. yeah, but there were a few moments when bitcoin prices went up, altcoin prices followed after that, and this is what I hope to happen for now.
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well, that's why people have always argued that it is better to take a small profit than to have a loss. in this case, we all feel that dissatisfaction can be our main enemy. when you're an investor, and when you've made a good enough return, it's best to take the opportunity. because most of the investors are waiting for bigger profits. It is okay if there is a reason behind it, but most investors are just speculating to see the price is very high.
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Base on what I see or base on my prediction the possible that become the next ethereum are Ripple or Binance or litecoin. These three is my choices and for sure most of us are known this coin because it is in the top coin in the CMC and it is really potential and for sure you know that too. Ethereum is potential coin also so if it's place takes over by the other the ether the rank will be higher.
I had the same thoughts like this. Binance, LTC, or XRP will be the next ethereum as they develop faster. it's just that, it's still speculation. I really understand that Ethereum is still developing very well, and the popular altcoins are still trying to catch up. So far, no altcoin can replace ethereum, it's just that, the potential of other popular altcoins is big enough for that.
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that is a very true statement. If you look at the situation from the past, it's better to take big or small profits, because that's better. it's just that sometimes the potential of an altcoin is quite large, and many people prefer to hold back rather than take a small profit. things like this also very much happened from 2017 to 2019. the proof is that until now there are still many people who hold back altcoins that used to choose high prices, but have not been sold until now, and are still waiting for the price to rise again.
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If you have done research on altcoins, then you must have realized that there are many altcoins. Some advice I can give you is to try to reduce that research to popular coins only. You can see this on CoinMarketCap. make sure that the coin you choose has large liquidity, and also a large volume. however, the dumps and pumps we see sometimes occur because there is no volume in the swap case. So make sure that the coins you are looking at are large in volume and that the exchanges are everywhere. well, that's all in popular altcoins.
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~
Recently I bought a few hundreds of MYST tokens to give a try to dVPN run on Mysterium Network and payed it for bandwidth I have used. I liked paying out for actual online time rather then to spend my money for full days and nights in the month. I sleep at night, so why to pay for that time? In my case MYST which is utility token proved to be quite useful. I always want to use the token according to its function. in fact, it will be very useful when the token is associated with a VPN or other useful application. however, at this point, I am just holding onto the coins and still waiting for a good function token to be used according to its function. So far, I sometimes use bitcoin or ethereum to buy a domain or some web hosting that I own.
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Since the price of altcoin do change really quick,
It is better not to get along with its wave especially if you cannot take the risk. Might be better to wait for your chance to enter on the crypto you are planning to buy. Or you can just buy the crypto you want then hold it.
well, if you're looking to pursue a price recovery, it's best to choose bitcoin for now. So, you need to convert your altcoins to bitcoins. it's just that if you want to change your token and want to follow the wave of bitcoin. So far, I also think holding back is the best decision for altcoins right now. However, things are pretty bad out there. even ethereum-class coins are not growing very fast. So far, I am still holding on to altcoins, because I believe that after bitcoin season, altcoin season will arrive. Well, that's not a very strong speculation, but I decided to hold back rather than exchange bitcoins.
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In terms of security, I don't know which exchange is safe, because even for Binance and Kucoin class exchanges there can be theft by hackers. it's just that, they can guarantee the assets that we have and are responsible for it. However, I use such popular exchanges more often than others. I think popular exchanges have guaranteed transaction speeds.
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