Latest posts of: TomiJerry

The best way to deal with a fraudulent ICO is to not participate in it. Every year it becomes more difficult to find a strong honest team of professionals who sincerely believe in their product and successfully promote it in an unfavorable market. Such projects are and will be, you just need to learn how to find them.

Currently, the sought-after and legitimate ICO is difficult to resist numerous and useless projects that focus only on fundraising because they use attractive fraudulent mechanisms to attract investors. And this affects the aggregate negative result in the ICO sector.

Reduced investment is typical for a bear market cryptocurrency and is always perceived as natural. Someone is studying the market and new technologies, and most of the players accumulate experience and knowledge for the bull race.

Many coins are worth nothing, because few developers have an idea of all the difficulties of a bear market and its needs. Often projects do not have their own product, which also does not portend success.

If we talk about the fairness of the application of the KYC procedure, it is advisable to apply this to all participants, including the ICO developers. Nevertheless, KYC for bounty hunters does not make sense, since it is quite enough for them to have two-factor identification to avoid manipulation with several accounts.

The adoption of a regulatory body for ICO at a state or private level will relieve a number of difficulties and problems for all who are actively working in this environment. There is no doubt that even a significant tax can not be compared with the huge losses in the participation of fraudulent ICO

The whole team should be checked for real compliance with their profile, activities and previous achievements. The project must have a high-quality technical document (without errors and inaccuracies). And it is desirable to choose a project with an existing product, which is currently attractive for the market.

In a bear market, when entering the stock exchange it is very difficult to avoid Dump, even with a good product and an experienced team. Perhaps excessive bonus programs to attract investors will have a negative impact on the still rather weak ICO at this stage. And if the team does not maintain interest in the coin, many large holders simultaneously get rid of them, because they do not believe in the future of the coin.

ETH cannot be overestimated, since it effectively develops the entire cryptoindustry, being the most important tool for a business in crypto. And Bitcoin, as the founder, serves as a definite guarantor between the crypto-world and the world of fiat money.

If you lack patience and positive thinking, you will not become a bounty hunter. Since the hunter does not receive even 20% of the promised rewards in the difficult adverse market for cryptocurrencies. And this is more the norm than the circumstances. Many hunters have stopped working with bounty, as rewards reduce, delay or do not pay at all due to the large number of fraud in the ICO

It makes no sense to sell coins that you believed in at a very small price, since you will not become richer. And over time you will receive both profit and experience, because you will observe and draw conclusions which coins will turn out to be promising and which will be useless.

A good project implies the availability of a product that really needs to be in demand in real market conditions. A good project should also have a positive experience.

With luck in cryptography, everything is ambiguous. Perhaps, at first you will be lucky, and then luck will pass you for a long time. But it is thoughtless and wrong to repeat after the crowd, because it is more panic, against the background of a lack of personal opinion and experience, than the right decision. A much greater result is obtained at a quiet pace and in a cold wait.

A truly lively and legitimate ICO with a sought-after work product will remain a priority for an experienced investor. The main task is to correctly determine the quality of the project among a large number of beautiful, but useless ICOs that create only the appearance of work, and are focused only on fundraising.

Definitely, KYC should not be fully applied to bounty hunters, as this does not make sense. Two factor identification is enough, except in those cases if the hunter plans to buy tokens. It is necessary to reduce manipulations with KYC.

ICO is still relevant for those who have enough experience with them. Because of the large number of empty and useless projects, the investor risks more because it is more difficult to find a legitimate ICO with an honest and professional team. Perhaps with the emergence of new hard rules in the ICO, the problem of fraud will disappear, leading to a significant increase in investment.

Investing in ICO is only relevant if you are very good at ICO, and are able to distinguish a legitimate and honest team of professionals from professional fraudsters who copy projects through one and deftly lure investors with empty promises. But the product of the project is also important, as the market is not favorable and may not accept it, despite its worthy potential.

We are observing the usual pattern of cryptocurrency market behavior during long-term correction with elements of manipulation and joint traps. And for those who believe in the future of cryptography, nothing happens that is worth worrying about. And there will be ups and downs again and again, in accordance with the law of cyclicality.

The price is not at all important in choosing a coin. You should pay attention to what measures and actions the team is putting to improve its product now and in the future. Also examine the news background and the cumulative useful activity of the project.