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I think it will be a dump idea for anyone to use all his money to invest in crypto. even there is an adage that says 'do not put all your eggs in one basket'. what the crypto market collapse heavily, then problem will arise from every angle most especially now that the price of crypto is very volatile. some crypto that have witness massive fall in price are still yet to regain their price up till this moment. even if you make large profit from crypto you can take time and invest in real estate and fixed deposit.
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this subject is not far from being the truth. I remeber then during the MMM ponzi scheme saga in my country, many politiician including the one in house of assembly pump alot of money into the scheme and ones they have made their money back, they were calling for government to block people from investing in MMM. since investing in bitcoin is anonymous, it will be easier for them to use huge amount of money to invest in crypto and dont be surprise some ICO may be funded by politicians.
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it seems you do not understand how both debit card and credit card works. firstly mastercard is a company name known for providing both debit card and debit card services. for any company to have right to distribute this mastercard, they need to comply with mastercard term and services. One major drawback associated with project startup intending to get license from mastercard to help produce cryptocard is that almost all of them do not meet mastercard terms and conditions for the service.
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I agree. And aside from that dump, there are also other ways a bounty hunter can ruin a project like making advertisements that is wrong information of the project, could be also dangerous.
Hunters dump but the team of the project can control this if truly they know what they want to achieve. I have participated in many project where bounty hunters token were locked for period of time to prevent massive dump of token and Also I have witness situations where dev do not list token on a centralized exchange except for idex and some other dumping ground and the bounty hunters were selling on this dex at very cheap price after a long period of time the team list token on good exchange and there were no dump because the hunters had already sold their token cheap on dex. |
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It occurred to me today that with the market in this fragile state bounty hunters could end up ruining bounties and having this opportunity closed off to them in the future if the dumping continues as soon as the tokens are released and an exchange begins trading. The coins just cannot handle the dump at this time with the market so low and everyone so timid. The projects will find a different means of promotion as paying us in their tokens will no longer be an option as it would harm the project to much.
Thoughts?
you can not blame the bounty hunters for dumping token because there are many hunters that do hunting as the only means of surviving and by the way even though bounty hunters dump token so also the investors and their are hunters like me that do hold my reward especially when I see the project has alot of potentials. I have witness in the past where team and advisor of token deliberately dump token in order to bring down the price and the team denied it. |
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having learn the pros and cons of trading, you need to be sure you are ready and prepare for both the good and the bad. crypto trading is not like HYIP where you wanna make passive income. in case you are holding a particular crypto and you wanna trade it then you first need to know where the crypto is being traded. This will give you intuition of where to sell your crypto. in case you wanna trade generally, then you can get registered on big exchange platform like Binance. see coinmarketcap for list of exchange and daily trading volume
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There is possibility that it might happen in the future that Bitcoin might superseded by Altcoin but the question is when? This is possible like if all big whales will unite in conspiracy to dump the Bitcoin currency in the future and then they will pump like the Ethereum to succeed so everything is theoritically possible but not very likely to happen.
nothing is impossible but the possibility is narrow and very tough. the reason is because non of the altcoin which is the subject of the matter is more accepted as a medium of payment than bitcoin. in fact some people do think bitcoin is the only cryptocurrency because that is the only crypto they have heard often and on. this is so because it is the oldest crypto and alot of services have been rendered using it. even only few ICO today do not use BTC as payment option. |
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I personally do not think the numbers of altcoin have influence or serve as a threat to the existence of bitcoin. if you look around today you will see we already have so many altcoin with many more being introduced to the market every day. 99% of altcoin are being paired directly on exchange platform with bitcoin which mean the price directly depend on bitcoin and today when you see bitcoin price dropping then you will realize that the price of altcoin also drop.
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bounty listing can be subject to project aim and objective. Most time some bounty hunters do not know that token being giving are subject to some conditions such as lock for some months and sometime the roadmap might have stated when token will be listed. some token are not utility token so such token may not be listed for along time. crypto market also affect token listing while some ico maybe working toward having a working product before discussing about listing. i have more than 60 different token and less than 20 of them is listed on exchange.
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I think country like china is stoping cryptocurrency so the idea that no nation can stop cryptocurrency is not valid. by the way hope you know millions of people do not have access to internet and without internet digital currency cannot serve its full potential. that mean this people will not be able to use digital currency and lastly if you believe bitcoin can beat fiat I think it is a fantasy that can not come to reality. what crypto enthusiast and dev should be working toward now is making blockchain technology viable.
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you can not blame bounty manager because they are also employed just the way hunters are recruited but when you discover that the same bounty manager is managing numerous project which have turn out bad then it is left for bounty hunters to know what to do. Bounty managing work is a difficult task and that the reason why not anyone can manage bounty. from my experience I have discover that some managers are more concern about their pocket than the bounty hunters
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most exchange that do KYC are centralized and subject to be prosecuted if charge for break AML because they hold license that originate from a particular country which give them freedom to carryout their business. KYC is very important for them because they do not have control in determine or knowing the nature of the asset being deposited to the platform by the users but in case the matter arise that a user deposited a stolen asset then they have opportunity to reveal the true identity of the culprit.
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bitcoin cash is a fork from the bitcoin which is created within a centralized system. I do not want to believe you think bitcoin cash will be better than bitcoin because bitcoin price has always been taking as the measure through which the price of other cryptocurrencies are being determined. not only bitcoin cash alone but other altcoin depend on bitcoin. you can also use the volume of bitcoin been traded on large exchange platform such as binance as basis
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your story is not different from everyone else story we all experienced the sweet feeling during the end of 2017 when the price of bitcoin rise more than 1000%. If you read news about the pump you would have known the rise will not continue because bitcoin was referred as bubble waiting to be bursted during the time and when the bubble get bursted the price went down and up till this moment bitcoin is still struggling to rise again.
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when we talk about bank against cryptocurrency, it might not be in using the underlying technology behind cryptocurrency which is blockchain technology. In fact there has been speculation that by year 2025, many bank will up in for using blockchain technology but accepting cryptocurrency in exchange for local currency is what i do not see coming from banks. banks are being regulated by the government and ones the government is against or baning crypto then there is no way banks will not be also against it.
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Correct i agree with you mate banks will not all is against cryptocurrencies, some other banks accept bitcoin to convert into fiat, people making issue to banks betwwen cryptocurrency to make an understanding partnership to blame the people.
maybe you can tell us any of the traditional bank you know that accept cryptocurrency in exchange for fiat. I am sure your are not going to tell me about the cryptobank because they are not traditional bank and by the way we have seen many ICO past and present that intend to work on cryptobank but up till today non of them is fully functional. they have many drawback that they are still fighting. I can remember Bankera that seems to be a solid project with great concept but ever since the ICO, little or no information have been heard from the dev. |
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most legendary member do not take part in bounty campaign but do partake in some services that pay them directly in BTC. if you go to board and check services thread you will see what I am saying. the reasons is that do to their vast experience, they participate in any activities that offer big reward for them with high assurance of getting reward for their effort. not many bounty campaign can offer this. there are many situations that you will participate in bounty campaign for months and end up getting token that amount to nothing.
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there are more to this happening on telegram mostly targeted at crypto investors. you may never how much scammers are on a page until you ask questions relating to buying an asset. you will see many of them sending you a pm and pretending to be Admin or one of the staff. if you fall them, regret will be the outcome. its very sad that telegram is only good in banning users for some informations that they do not properly investigate. more than 50% of users involve in crypto have one ban or the other.
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