Behold good trading volume doesn't mean a coin or token is good, i read in a thread where few people are saying if a coin has no volume means its a bad coin, well here we go, bad coins can have huuuge volume, you must have heard of bomb token? bomb token has good trading volume but guess what? it has no real use case, the volume comes from HYPE because its a deflationary tokens, people believed that the more a max supply of a token get decreased or burned off over time means they are GOLD tokens, it does bring profits to early adopters like they say but NO REAL USE CASES.
In the cryptocurrency industry, after the coin or token, was listed, the volume was the determining factor of its liquidity that's why most projects are running trading competition to uplift the current volume in totality most traders usually don't just see or considers a good projects base on whitepaper use case etc. since they are just temporarily holders of those tokens. and that's true, there are two opposite opinion regarding that matter. with the opinion on traders versus the opinion of long term holders. |
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Sad but true but i also experienced that during 2017 ICO hype, and if we dig deeper i'm sure many people was losing money during that year 2017-2018 specially those noobs that always excited to invest in ICO's. in 2017-2018 the proliferation of scams and frauds in cryptocurrency activity was massive that even me was victimized 3 times, since the projects that i was invested are looking legitimate The team will attend to public forum complete whitepaper and roadmaps etc. But it turns out to be an exit scam. ICO business was very unpredictable that's why we must observe vigilance in all ICO projects at all time.
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I think its just normal since whales are invested there money into it. just like in a traditional businesses large capitalist can acquired a large shares of any company or corporation through IPO or at any means, I think cryptocurrency is not exempted with these kind of set up they have a money to invest, that's why they have a capacity to acquire and hold a massive portion of any cryptocurrency in the market. i cant see any wrong with that and its not illegal.
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As we all know, the exchange rate of Ethereum has fallen during the past few months (vs BTC). From around 0.035 BTC per coin six months back, the prices have fallen to 0.0205 BTC as of now. The market share of Ethereum in the cryptocurrency market has fallen from 11.5% to 8.3% during the same period. Other alts have also fallen, but not by this much.
And this has happened despite the boost it received from the IEOs. Can ETH manage a comeback anytime soon? Will the investors stop selling their ETH holdings for BTC, and hold on to the coin?
IMHO! Ethereum is already an established coin, and it has a in-demand use case and products (smart contracts) so why doubting in Ethereum's capability the price is just temporary as we all know, Trading dictates the daily price of a particular coin or token it may rise and fall, pump or dump so what's the difference after all, that's why stop doubting in Ethereum's future im sure it will survive as long as the cryptocurrency still exist. |
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This year some new things happened in crypto! The initial sale system changed to IEO, there was IAO, IGO and so many new model, but only IEO lives! However, my point is not that!
This year the Deflationary Ethereum based token based projects attracted me well. In every transaction, a certain amount of token will be burned automatically and the supply is very limited for every deflation project. The BOMB, Blockburn, Nuke, Bags, Blast, Fuze, and so many projects have come, but what happens next? It seems only BOMB and Blockburn project survives, others all likely dead or scam!
The idea was very unique, then why they are not making a success? What can be the reason guys?
That's true Ethereum base deflationary tokens are just sprouting like a mushroom everywhere. the one thing i don't understand about a deflationary token is when the token was already running out by supply what will happen to the platform. if theres is no token creation?? that's why i think all of those deflationary model is just after the money and no other use at all. in crypto the pioneering one has the advantage to lead, like bitcoin that's why we can compare it to the first deflationary token "The Bomb token" which is gaining its value versus the US dollars. |
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First there is an announcement, then there is 3 year Roadmap,
extended each year with meaningless additions, fake recruiting of
employees, trade interrupts, software announcements, wallet updates, changes
quizes, games, givaways, airdrops, forks, ICOs etc, etc, etc.
I've seen several coins with great tech which is perfectly quick and secure, anonymous (or not) and safe.
They all have mobile wallets and wallets for every OS.
Despite this fact they cannot be adopted. Nobody wants to use them, there is no real need for them.
A team of good programmers could develop a blockchain which can replace banks and paper money
in a month. Another month for testing and another month for setting up nodes across the globe.
The main point behind all this is: who controlls these programmers?
Voilla. it is that easy.That is why I think all these announcements and Roadmaps are bullshit.
I think your Thread title is confusing and out of context "Why I think all crypto a scam" honestly do you believe all crypto is a scam, and then why are you here at the first place, Buddy we cannot deny that most of the projects today are just copycats and already done by other platforms, But there is a lot of cryptocurrency that brings a true change and true use case that quite beneficial to our time. that's why i don't think all cryptocurrency is a scam. |
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I like to share my story being a crypto enthusiast, a trader and an investor at the same time.
I started in this forum in year 2015 when altcoins are still a good investment and Binance is still not the most popular exchange in the market.
I trade with Poloniex most of the time, sometimes I trade with Bittrex but then I realize that I am not so profitable with trading since I cannot focus on it due to the reason that i have a day job to prioritize.
Therefore, I started to invest for long term and I was entice by how the market moves and I was so optimistic that long term could really change my life.
So to make the story short, I invested with different altcoins and have help it until now.
Now, when the bull run comes, I still couldn't sell right away as I was getting greedy thinking I could earn more when I still hold.
of course, who would not HODL when all your friends in the group chat are also doing the same, even if the price rise high already, they are still saying HODL, and I really do it, and just sell a small portion of my investment to reward myself temporarily was I was into a big goal with my remaining investment.
And then, the correction comes started in year 2018, and I still didn't panic, continue to hold and even accumulate a bit when I see price has really dump a lot, just imagine ETH drop 10 times, so its really cheap and really tempting for any investors. So here I am now, I am still holding at a big loss but at the same time I am still hopeful one day my dreams will come into reality.
So top 10 of my portfolio consist of the following based on my blockfolio.
1) Atlant
2) Edgeless
3) Centra
4) Humaniq
5) Matchpool
6) Lunyr
7) KIN
8.) FUEL
9) SONM
10)NPXS
Please tell me if I should still expect I will be profitable or just give up now already.
I feel with your experiences too wayback 2018. But we are different in our strategy! I'm not continued holding those cryptocurrency. Because i was losing already its better to save the rest by selling it to pay my loan and dues. which is the right decision since most of the price of my holdings was continue to dip down further. It was a clear loss, but on the other side i was thankful that i was able to save some of its value by selling it at 50% loss. for me its better than nothing. |
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A new record has been set with over 6,000 Bitcoin ATMs installed worldwide. Everyday, cryptocurrency achieves a unique milestone which further puts it in position for global adoption which is inevitable.
That was another milestone of the cryptocurrency adoption and development! in my country there was only 2 operational cryptocurrency ATM's today one in a hotel and other one was in a Bank headquarters, But there's a lot of store that offering OTC transactions nationwide, I must say that our government recognize cryptocurrency as another revolutionized form of financial system that can drive financial inclusion in my country. I also believe that cryptocurrency can change our whooping $29.1 Billion dollars overseas remittance industry. |
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Decentralization exists. Our perception of it is wrong. Some say Bitcoin has centralized mining, not true decentralization. Instead of thinking about absolute decentralization, we should think of increasing money options. Having crypto options is a way to decentralize our money from existing financial system.
Even within Bitcoin, if you take all the forks of Bitcoin into account, the whole ecosystem is fairly decentralized. We have many coin variants, mining algorithms. That is decentralization.
Our lazy brain somehow fools us to think decentralization means search for truth. Decentralization is not about searching for the absolute, centralized truth, one true coin. It's about freedom to choose what we want to do. Decentralization is detachment from existing system. We give it up to find new alternatives. They could be better or worse than what we leave behind. The choice is always ours. Do Your Own Research.
Great analysis mate. Some of us was expecting that the 100 percent decentralization was achievable in our current financial system (*the truth its not) I think its only a part of a larger perspective, how can we achieve a complete decentralization when our financial institution, commodities etc. still rely and built on the top of a *Centralized finance ecosystem. Let's accept the truth that Decentralization is just an alternative option of a financial governance. |
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Thanks for your time and effort to post these information mate, But i have a question for you! how can you so sure that all projects that you list are all scam, did you invest those projects what is your parameters on how to identify them as a scam project, I hope you add any support links so that we can use those links to examine the projects that you mention for our own satisfaction.
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Australian Home Affairs Minister, Peter Dutton during a counter-terror conference in Melbourne that cryptocurrencies technology is being exploited by terrorists for funding their heinous intentions. Source: TheCoinRepublicThat's the ugly side of the anonymity function the cryptocurrency. Since it can be used an exploit the privacy features of cryptocurrency. Terrorist can hide in anonymity and freely transacting crypto to finance its plots, That's why AMLC is requiring to do a KYC procedure before anyone can transfer a huge sum of cryptocurrency(money). KYC is the early deterrent option to prevent those to happen. Our world security has changing a lot that's why we people must do something to protect ourselves. specially in terrorism. |
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Real use case is different from real use case, some are good and some are not, every one keeps talking about their own understanding of real use case, if you ask rich men where they get their money from 80% and above will say real estate and businesses , now how about a real estate investment where you can only invest using an utility token? this is a 100% valid real use case on my watch, they can't go wrong, do your own research and if you have another example of high rated real use case do not hesitate to drop, thanks
Sounds confusing to me! since it was repeatedly mention (*Real use case is different from real use case) whats your point about it? as far as i know real use case is the term used for a sequence of interactions that a user makes with a product to achieve a goal. Like the exact uses of a product and its purpose, to create demand through its use cases and i think it cannot be wrong if it was a truly achievable since the very beginning. |
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please suggest me some best altcoins that can easily give 2x profit if I hold them 1-year.
Honestly speaking there was no guarantee that (2X) profit will be easily attain in just one year, Since we already know how volatile the market is. But since you are asking for an altcoin suggestion it might be good for you if you choose those altcoin that within the Top 10 base on CMC. on what altcoin you should be the one to choose it. |
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That's why it should need a little researched before joining in any projects ICO's, Because some of them are just design to scam the unaware people(investors). Observe vigilance at all times Always consider that in cryptocurrency you should need to think twice or thrice before you join in any projects and invest with it. It just a cycle of repeatedly occurring problems in crypto industry so it should be stop. |
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I think it needs further studies, investing in highly volatile asset from retirement funds (money) is not that easy. Although that it has subjected for insurance policy. but still it can't change the truth that the investment they want to pursue is a high risk kind and i don't know how they will make it profitable for the retirees. btw i'm not an expert regarding this topic i'm just share my personal opinion and i'm not against with it.
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We all know that stable coin maintain their price all time.
My question is if they maintain their price 1$ all timr.
How they make money..
And how users or investors make profit by stablecoin.
Please express your own opinion about it..
Thanks in advance
Stablecoin was also fluctuate but its just minimal compare to cryptocurrency that's why you can still trade it with other stablecoin, and have some profit. But mostly stablecoin like USDT tether is use to convert cryptocurrency to maintained its value overtime, other uses was just a base pair like (BTC to USDollar) trading since it was relatively posses the same value as US dollar or (fiat) and there is a profit out of it. |
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Back in 2017, many ICO projects pride themselves of having one of the biggest telegram community. Some of them would market it as a proof or sign that many investors believe in their project. People who have been around all know that most members there are airdrop/bounty hunters who only joined to qualify for the reward. I also saw one post earlier asking for telegram group members and one of the condition the buyer posted is that it "needs to look real". Anyway, this post is just a reminder to beginners in crypto. We don't want you to fall for these tricks to lure you into investing into their projects. Yeah that's right i saw it, way back 2017, when most of the ICO's are successfully raising funds out of thin air, and they are often use its Telegram groups to boost that they have thousands of community members and investors as well, during that time many new investors that was looking for some opportunity to invest in the ICO's and because of the ICO hype was spreading like a wildfire many people was join without noticing the risk. But that was before in the 2017, but today i don't think people just easily fall that cheap trap most of them are already learn the mistake of past. |
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As we all know that accounts with red trusts are those who break the rules on this forum either by plagiarism or scamming habits or even more and newbies are been warned not to engage in any type of deals with them but on bounty part its different, good bounty projects can still be introduced by users with red trust account and this doesn't mean the projects are bad, for example sessia bounty project https://bitcointalk.org/index.php?topic=5118659.0Which actually was a profitable and a successful bounty of this year, new bounty hunters should not be too worried about this, just do your own research on any bounty project I think red trust is not determining factor of any good and honest projects, Even some bounty manager has also a red trust in their account but still running a successful bounty but it serves as warning to anybody, somehow most of the Bitcointalk base bounties are prohibiting users that has red trust in their account to join in their respective bounty campaigns well that was the part of there rules so we cant do anything about it. |
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