Bonus up to 100 percent is really really bad trend. It is the trend of providing bonus during IEO or ICO, which largely contribute to dumping price of coins on exchanges. Investors are in hurry to sell off their coins bought with high amount of bonus, thus dumping their price. So this trend should come to an end for the growth of crypto projects.
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I think buying at exchanges are better options. But you can buy during IEO or ICO when you are confident about the project you are investing in. You can get more profits if you invest in the trusted projects during IEO or ICO. Talking about investment, I want to ask you to invest in bitcoin and ethereum.
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It is really hard to find a good ICO or IEO in the market. In my case, most of bounty projects I have participated in have gone down right after listing on exchanges. I have heard that miracle tele is the best project and I have participated in it. But lately remours are making the rounds that it is a scam. I wish it is not a scam.
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The reality is like only a few portion of the population of the world know cryptocurrency. As a result, they do not know how to open wallet, buy and trade coins and what is the importance of cryptocurrency. Given these facts, cryptocurrency has a long way to go before being adopted fully. It takes time for cryptocurrency to be adopted fully.
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There have been much debates relating to cryptocurrency lately. Concerned authorities are still in a fix what to do with cryptocurrency although they have acknowledged its importance and value. Talking about mass adoption, the volume of its adoption has increased. Many countries, business outlets have started using cryptocurrency as a method of payments.
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Who would not buy the coin Facebook is planning to issue? I think everybody wants to get some sort of Libra coins. Facebook has a large number of subscribers and its coins will be used by most of them. But it is uncertain Facebook will issue its stable coin. The uncertainty grew after the US paid its concerns about Facebook issuing its stable coin.
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Blockchain and technology behind cryptocurrency are amazing and very useful in this world. Crypto projects are just a vehicle to implement such technology. But sadly, so far most of crypto projects are not trying to implement such technology. They are just in a game of increasing price of their tokens .
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I do not think that altcoin magazine will get more subscribers at this time when various means of communication is available without any difficulties. If one wants to get any information about cryptocurrency, he or she can get such information with no time on the internet just by a click. There are many cryptocurrency sites that are giving crypto information regularly.
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I agree with you. Bounty hunters are taken just for granted. They are treated like they are nothing for any crypto project. They are being used just to attract investors and are left high and dry after fulfilling their goals. In some cases, they are denied their rewards under various pretexts. This is the sad story of bounty hunters.
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They are just the same in a way but different ways to collecting funds for a project. ICOs are held in order to attract as many as investors and many offerings are made during ICO. IEO is also launched to attract investors. But IEO is launched on exchanges to increase trust of a project. It aims to assure investment security as well. STO also aims to provide investment security more than ICO.
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I think 40 percent bonus or more than that is too much for investors. This trend may help dump price of coins upon hitting exchanges. Bounty hunters are often accused of dumping price of coins. But in fact there are many factors that are behind dumping price of coins. One of them is big amount of bonus given to investors during ICO or IEO.
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I do not suggest you other coins than bitcoin. This time is the season of bitcoin. So why investing in other coins? Bitcoin provides investment security and investment in the coin will provide good returns in the long term. Other tokens I can recommend are Binance Coin, Ripple, EOS, Ethereum, tron, sessia (kicks) etc.
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My suggestion is you do not depend entirely on others to choose good bounty campaigns. Generally, bounty hunters suggest any one the bounty campaigns they are participating in. You should research, look at whitepaper, one paper and website of a bounty project. It is not possible to say how much you can earn from bounty campaigns. Some projects pay good amounts while others do not.
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In my view, you should not change your mind. Just act on how the crypto market is functioning at present. Now bitcoin is taking over the entire crypto market with its around 70 percent of dominance. As a result, most of altcoins are taking a back seat. Now you can just support bitcoin. In the future, altcoins may take over the market. And you do support altcoins.
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It is maybe telegram is a strong medium where many users frequent. Telegram is also a good means for advertisement. But a project should regularly update its bitcointalk thread to inform its users about latest updates. I have seen some active projects updating their bitcointalk thread regularly. But some do not bother to do so.
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With cryptocurrency becoming so popular and being adopted widely, scammers are more active in the market looking forwards to cheating and scamming investors and bounty hunters. So we have to use our common sense and research before going for any bounty projects. We must report and discourage scam projects.
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I believe in ripple and its goals, technology and strong team. The coin has suffered many ups and downs since its inception some seven years ago. I think the coin has a bright future. If the banks embrace cryptocurrency, most of them use ripple which will increase its popularity.
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Like others, I also use my coins for the purpose of trading. Most of the coins introduced in the market are yet to enforce what they are created for. As a result, most of the coins are involved in trading and hype. I personally feel that it is the time for the enforcement of goals of coins instead of engaging only in trading.
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Trading is not something you can get in a short span of time. Traders jump into the crypto market by getting trading knowledge to ensure they may not experience loss. So we must learn about crypto knowledge before trading.
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So far, I think the crypto market is being operated based on hype. Any coin cannot retain its increased price no matter the coin is good enough. Price of coins are hyped for personal gains. As a result, inexperienced traders become victims of the hype. I think the market will correct itself over time and the altcoin season comes .
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