Hi, many people are still complaining how many ICOs ended up as a scam.
The cryptocurrency idea is to create a free worldwide decentralized ecosystem. Free for all, for honest but also for dishonest people. It is free market and you should protect yourself before losing your money. You don´t like it? Then you do not understand crypto.
The cryptocurrency market is basically like other investment markets, the difference is that not everyone understands cryptocurrency. Maybe this happened because the cryptocurrency market is still relatively new but I am sure, for a long time people will understand to distinguish which projects are scams or projects that are good for the long term |
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The moment you start taking decisions yourself you will make a change in your life ,some decisions will be bad and some will be good but at least you are different from those who rely on others decision. Don't invest in coins because people around you are investing in it ,I did the same in the past even when i knew that the coin doesnt make lota sense and it doesnt end well for me ,I repeat same mistakes like thrice before I really opened my eye ,I knew what's right from the start im just wasn't bold enough to do what I felt was right.
To all readers on here please try to know yourself ,listen to your heart and learn from others but don't rely on others ,sometimes you know what's best for you but you aren't just bold enough to make your own decision ,maybe because you are too scared of failure? Failure is a big part of road to success .
Indeed, we should not be afraid to fail or lose in the investment world. Investments are like speculation but if done with good analysis, I think will produce good profits too. Failure or loss is common and we can take lessons from these failures and make a foothold for our next investment |
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Any form of regulation is needed as long it will protect the users. In fact most of the countries are already regulated the use of Bitcoin but it seems that their existing regulations are weak as the scammers are able to continue to penetrate and used Bitcoin to steal from the people. This shows that the need to strengthen more the regulation and we should support it.
Not all countries regulate and allow bitcoin as a means of payment. For many countries, it is difficult to regulate bitcoin as a means of payment because there are no responsible entities other than that the government certainly does not want the use of its currency to be disrupted |
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In my opinion, if a wallet or exchange account is hacked by someone else, then we ourselves are responsible. we cannot blame the other party. therefore we must be careful in storing email and account passwords so they cannot be hacked by hackers.
If the account is hacked almost all customer accounts, in my opinion it is an exchanger error because of negligence in terms of security. Exchangers should be responsible for this because their systems are easily compromised by hackers |
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With really good project maybe not waste our time for holding some altcoin, but look now how many altcoin serious for building their project after listing and price drop, have they are trying buy back for keep price stable and higher? No one altcoin owner look want to re build after their coin drop to lower price.
Agree with this opinion, which is different and a problem of the cryptocurrency market compared to the stock market is the company's commitment or crypto, the developer team. In the stock market, when prices fall, the company is committed to raising share prices in various ways including buy on the floor. Whereas in the cryptocurrency market, the developer team tends to be indifferent and like letting investors lose money |
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I am very torn as to whether Libra should be created at all. On the one hand, it will be the first step to introduce cryptocurrencies into mainstream, but on the other hand, I have big doubts whether it will be cryptocurrency at all. If Libra turns out to be centralized like Ripple, it can bring more bad things than good.
It was stated from the beginning that Libra Coin is like a stable coin and that means centralized cryptocurrency. I think it's different between XRP and Libra Coin because Libra Coin is a stable coin product from Facebook while XRP is not a stable coin |
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Hello traders. What's your opinion could BTC kill banking system? Bitcoin has an advantage over fiatbecause its amount is limited and it can't fall under inflation.Inflation usually is caused by monetary policies of our central banks. Bitcoin is free from inflation, governement control and high transaction fees.Banks can’t control BTC because it has no representative and is fully decentralized. That's why banks are afraid of BTC.
In my opinion, banks are actually not afraid of Bitcoin, even banks might benefit from the growing development of Bitcoin transactions. It is difficult for Bitcoin to disrupt the monetary system unless the Government regulates Bitcoin as a substitute for legal tender. Banks already have hundreds of years of experience in the monetary field and are experienced in dealing with various economic crisis models so that it may be that banks try to take advantage of the existence of the bitcoin or cryptocurrency market |
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IEO is good for token sales now because there has been a paradigm shift in interest of investors from ICOs towards IEOs. This was largely due to the frequently reported issues on fake and unsuccessful ICOs. However, IEOs tend to be successful on exchanges with large trading volume and liquidity like the tier exchanges (Binance, Kucoin, Coinbene etc)
IEO has become a trend in recent months after many successful IEOs in various large exchangers. IEO is more desirable because of the faster listing factor without waiting for negotiations with the exchanger because the exchanger is organizing it and also the developer team does not need to be afraid of regulations |
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These altcoins or shitcoins has become an eyesore every time I checked my wallets three wallets full of shitcoins, I'm desperately looking to trade or dump these altcoins, because it just reminds me of wasted time and money.
Are you also desperately looking to dump your altcoins.
Sometimes it is not worth it to sell your shitcoin wimmif it is just a small amount. You would pay more gas than what you are going to earn. That is why I just let it sit in my wallet. I also stopped joining airdrops and other altcoin camps since last year. Agree, sometimes the value is not worth the transfer fee or the time we have wasted to get shitcoin tokens. But sometimes the only choice is to sell or convert it with other coins |
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This depends on your strategy and plan. The simple rule is trade your tokens whenever the price is increasing, if you already made profit then its time to sell.
In my case im waiting for my set target price before im planning to sell because im not eager to take profit. I prefer to wait longer since im already holding my tokens for a year now, im waiting for alts bull run to occur.
I agree that all depends on the strategy that we apply. To determine the right time to sell it requires in-depth analysis and I think not everyone can analyze it. We better set our target profit is not too high because the market conditions are not too good |
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It's interesting to see the market now. After Bakkt launch, the price triggered to be down, and now, bitcoin reach $8k, and it stays in that price. Many people were expected to see the increasing of the price but the fact, the price is down deeper. It could be the benefit for people who wants to buy more bitcoin but also this could be a loss for people who already buy bitcoin at a higher price. But we need to calm down for a while to wait for the bitcoin price increases again. Meanwhile, we could load more bitcoin in our wallet so we will be ready when the price can jump to the higher price in the next months. Although we don't have any sign about when the price will increase, I am sure bitcoin will rise again.
Sure, Bitcoin price will rise again, that I am quite certain of. But the price decrease is indeed a shock to many, cause many didn't expect it. As Bakkt went live, many expected the price of Bitcoin to rise since it creation is another exposure to Bitcoin adoption. However, when the price dropped to 9k, FOMO made a lot of people to sell further. Many people think that after BAKKT is live, the price of bitcoin can rise sharply, but the opposite is true. Maybe this happened because of excessive expectations and not in line with many investor expectations because it turned out that the volume of BAKKT transactions was not large and even tended to be very small compared to the long-time exchanger |
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Fraudulent projects normally presents a lousy whitepaper which often comes with poor structure, layout and typos. Team behind the project are often not revealed and where revealed, provides fake documents about the data of the members of the team. This can be known by following up on the various social media channel of the team member to check for coherence on information provided.
but it is very difficult to know the criteria of a fraud project through whitepapper, most whitepapers seem real or valid. but certainly the fraudulent project that I often meet they are one of the members who have a bad reputation and are also not active in updating their projects. Yes, the whitepaper is made to attract investors and is made as good as possible and sometimes looks unrealistic. Many people always see the whitepaper and developer team first, but in my opinion if the project always communicates the development of the project, I think the project is good and worthy of being used as an investment |
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BNB is a unique project. There many good news speculating for BNB. As Market trends shows this will be a good option for investment. I think that with Binance Dex CZ will make BNB more popular and this price should go up after some time. Many BNB enthusiasts including investors by hunting IEO in Binance BNB coins will continue to rise as time goes on CZ continues to be active in the blockchain world and there will be some about their projects to be more perfect. I agree that BNB Coin is good as a long-term investment. The support of Binance is very influential besides BNB Coin has been traded in many large exchangers. Now is the right time to buy a BNB Coin because the price drops below $ 20 |
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You are very correct, altcoins have just kept going down and down, seem everything is fading away due to bitcoin dominance but all we have to do is watch and wait a little longer, at the end of the tunnel might be a green light.
What is needed by altcoin investors right now is patience. With market conditions dominated by bitcoin, it's hard to expect an altseason in the near future but I still think positively that altseason will happen sooner or later |
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That's very poor internal control on fighting scams, I think they need to improve their control to prevent this scammy Libra advertisement. It's their own system so they should have control of the advertisements that will come out in the platform, and we who knows the real status of the project should help maintain a good community free from scams, we should make an effort to report. Actually I never see any kind of ads from Libra in my facebook account, maybe scammers are choosing a certain country to show their advertisement. Hopefully people who are willing to invest will just make some research about the project so they will not fall for the wrong site. Same as before when the age of those scammy ICOS were taking over their social network. A lot of advertisements from scam ICOS were reported before they stopped allowing it. I haven't seen a type of Libra ad too but it looks like these people have found it on themselves and there's probably a specific country or algorithm that shows their ads. Like if you type crypto or search it on the network, you'll be saved for those ads that are dedicated to target people that typed the similar keywords or near to that. Facebook has not advertised Libra Coin maybe because it has not been permitted by regulators. If permitted, I think Libra Coin would have great liquidity because Facebook users come from various countries and this could be the opening act of global adoption. |
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Bibox and Kucoin are very similar exchanges, I love them for a very user-friendly interface. But in my opinion Kucoin looks much better and has a bigger chance to become a real Binance competitor within upcoming several years.
In my opinion, Kucoin is more famous than Bibox but in terms of transaction volume, I think the two exchangers are competing with each other. Bibox tokens once touched $ 1 and I think with the current price of under $ 0.5, we can accumulate it |
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It's hard to invest in a new coin with the so many scam reports about new coins, they are promising a lot giving a new concept and making huge promotion about their coin, so you'll just invest in their coin
How Sure Are You That You Invested In A Right New Coin?
In my opinion, the sign that we are right in investing is liquidity and large transactions. Due to the large liquidity and transactions, indicating that the project or coin is in demand by new investors and old investors in the market and active trading occurs in exchangers. |
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They are dying, because investors do not care about new projects. 85 percent are concentrated on the main crypto currency, and altcoins are going to the bottom again and again. Cannot imagine what should happen to push the new altcoins.
If the project has a clear and up-to-date development for investors, then it can be a good investment in this market. Few projects can work well in the bear market but if you have the knowledge then you will surely find some good projects in this market. Perhaps the bear market does not support altcoins, but I believe that in the next few years the investment demand will return soon and we have the right to expect another trend. I agree that a project that always informs the progress of the project can be a good investment. Many new projects, which after closing the token sales process, no longer update the development of the project to their investors and this causes investor confidence to decline |
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To cover the losses I did, altcoin trading can give us more profit if we have chosen the right coins. The dollar has a double profit potential if the price of bitcoin goes up and altcoin itself goes up in price. Right now there is a lot of potential for coins to decline now, and that is the best opportunity for us to get profits if the market has recovered. I think that will be achieved later and not in the near future.
Trading can indeed recover the losses we get but many people also lose because of the wrong way of trading. Altcoin price movements that are very volatile provide an opportunity to make a profit but we must have good skills and patience in waiting for the right moment to buy or sell |
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I have now some money but still earning to invest more in an IEO. I have heard celer IEO and investor get x6 of its investment. I was move away by this profit in an instant, i want also so i keep money, my question is after all good feedback of IEO, will IEO be like Ico which failed in the market or will IEO be last longer?
I don't think I can compare between IEO and ICO because IEO listings are faster in the market. IEO is an alternative to a good ICO because by cooperating with exchangers, the security of investor funds is safer if we invest through a reputable exchanger. Maybe later there is a saturation point but in my opinion IEO is still safer and more profitable than ICO |
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