What preparations do you make to see the coins to be pumped?
Are you going to wait for a higher upward trend or choose to sell when you have a chance?
Preparations are investing to smaller coins and taking risks on bounties. And yes, I'm going to wait for a higher upward trend before selling because I want the most it from my investments. As long as it is going up, keep holding. |
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In the last 2 years ICO has gone upto peak level with many projects.
Now ICO market is completely gone because of 90% projects fallen into scam category.
Many startups made huge money and in return they pay nothing.
So whats new these days as a trusted token offering model?
ICO market is completely gone not just because of scams but also because of the market situation. I hope ICOs can come back when the green market comes along. As of now, all we can do is to avoid scams and invest on smaller coins that has the capability to grow in the future. |
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Good thing they caught them and not being able to use 100% of their scammed money. I hate this kind of people ruining the crypto space. But this still, there are still people who believed in them and I just hope they get their money back. I want these people in jail forever if they can't repay those people.
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Halving can happen but as we can see in the past 2 years, it is not happening for some reason. Relying on halving looks like more of a gamble and anyone can benefit from it. The market is just too hard to predict and it's all on the hands of the owner.
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If you are a bounty hunter, it doesn't matter whether it's ICO or IEO. You have to act quickly if you want to have a "good experience" because it will be dumped in no time. But if you are unlucky and the team decided to postpone the distribution or lock the tokens, you have no choice but to wait until you are able to sell. By that time, the price is probably down by 99% from IEO price  We've seen a similar pattern already. ICOs and IEOs both boomed at the start but the hype was only temporary. In the end, both forms of token sale were unable to stop shitty new projects and price drops. Does that mean that you have to dump it right away? Since it is going to lose the value as time goes by or it is because a lot of people are dumping it right away? Or both affects it. |
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Anybody here who had a great experience with IEOs? It's been months since I've joined an IEO and I didn't have a good experience yet (bounties). Let me know if there is any hope in here.
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I don't think all altcoins are going to die if ever Bitcoin goes up to $100K. And even bitcoin does not reach that point, if the altcoin is really bad, it is just going to die out sooner or later. Developing coins and good altcoins will continue to stay in the competition as well.
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If you don't have the funds to invest in smaller coins that has the capability to grow in the future then it's not going to bad for you. But if you're just a bounty hunter, who relies on new projects like ICOs, then you should start investing instead because there is not a lot of things you can expect in bounties during red market.
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I think we must lower the standards a little bit since the promotion of the projects is lacking because a lot of people who are interested in joining these campaigns can't join them and get stuck on their rankings. If this continues, the standard for bounties and crypto is going to be higher since the development continues.
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Ethereum is a top coin for a reason. And I am confident that it is going to get back to that point in the next periods. Also, I believe that Vitalik still has sa lot of Ethereum left in his pocket. Of course, why would he just let it go if he knew that his crypto is going to perform well?
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Base on what coinbase has said, their users are increasing based on their data. It would be weird if the growth of their users will decrease exponentially or the number of users will decrease. we are currently on the stage where cryptocurrency continues to expand so I think it would be logical if the number of users is going to grow.
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To be honest, no one really knows what could happen in the price of bitcoin or should we even care about it especially when we are just investors. Predicting the price is just too hard and even experts can't pinpoint what could happen. As of now, I think we should still focus on looking for something to invest in other than bitcoin. But it's going to be really huge if what Ross is saying is going to happen.
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A lot of people buy tokens because most of them are cheaper than the top coins and they buy it because they believe that it is going to be something big in the future. While others buy coins because they want to make sure that they're going to have their money back with a bigger value. Most of which are coming from the top 50 coins.
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It's not that they don't want the future. Bitcoin is a really great coin and it has a lot of purposes. So the use of bitcoin is going to depend on the person. He can use it as another payment option, or he/she can use the technology behind it, or he can use it as something like stocks. And each one of these has advantages and disadvantages.
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Investing in cryptocurrency is pretty much a gamble. But with these tips, I think the risks can be lessened though. Your #3 tips are actually one of the most important thing for me. Whenever people get into the crypto space as beginners, they always think about the money and most of them do not appreciate the technology behind it. Whenever I join a bounty, success comes from their problem solving ways. And devs know what they are doing.
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I think Digibyte is good but I don't think that it is in a level where it can be an alternative to bitcoin. Digibyte is still developing coin and I've seen some posts here before that recommend people that they should invest in this coin or it is a coin that must be considered for the future.
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At first, I think that altcoin is just primarily based on bitcoin prices. But if you are going to think about it, cryptocurrencies have different technologies behind them, so I don't think that bitcoin must exist so these altcoins are going to boom as well. There are different cryptocurrencies that exist before bitcoin but bitcoin wasn't based on them. Bitcoin is the number 1 right now so it is going to be difficult.
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I haven't seen any people here say that all the altcoins are bad. But one thing is similar which is they are saying that most of the altcoins are bad. And it's primarily because of how they run their projects and just a copy of another project that didn't even work. When it comes to investing, sticking in to the top 50 is the best choice.
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I even joined a bounty campaign where they told me I didn't submit KYC even though I did. It's a legit campaign where a lot of people got actually paid but they ignored people like us who encountered this problem and blocked us in telegram.
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To be honest, as long as the price gets bigger and bigger, fewer investors will come. Not everyone is a millionaire or a billionaire or a son of those to persuade their dads to invest in cryptocurrency. It would probably be better if it comes down really low and spikes up once again in the next few years.
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