Latest posts of: Coltpython

I will advise you to just pay out your tax and try not to evade it. The consequences can be grim as you might be facing jail time depending on the laws of your country.

Most people saying bounty is over are those that earned a lot from it back in 2017 and early 2018. These days rewards are lower and coin prices are not all that impressive after listing on exchanges. So I can't blame them for losing their onions now. However, the best way to do bounties now is to do it with an open mind that it may be worth it or not. Also, it is advisable to have a 2nd job and not take it as a main hustle

ICOs are prone to fraud and scam, but then you went ahead to tell us to invest in Pieta ICO. Huh

That is very confusing to me and other fellow investors out there. Try something better than ICO or even IEO. Check out my signature for more information.

This is because the majority of altcoins are shit at the moment. Out of over 3000, maybe only a few like 20 or so altcoins really make any headway in terms of staying true to their project plans.

I thought they said decentralized exchanges were safer than centralized ones. Now Ether delta is going down. Well, the good thing is your tokens are still in your wallet, I think

I couldn't have put it better. Scammers are the bane of the crypto community. Investors are more afraid of scammers than hackers because they do not know who to trust and it is affecting the influx of new money to crypto.

Quote from: VDraci on December 03, 2019, 09:56:55 AM

Tell me if my plan is bad, the first time i entered crypto space i started with mining rig setups but after some time its no more profitable so i stopped mining, now i start joining airdrops and bounties but present market condition is not helping, now i decide to sell my rig and find other business to divert the money to, if bull run ever comes i will still have coins to sell since most of my bounties i hold the ones with use cases, is selling my mining rig a good call?

Instead of selling your rig, maybe you should think of moving to a location where mining will be profitable. I believe the main downside of crypto mining is the electricity costs. So, perhaps moving to an area with low power costs can help keep you profitable once more

I heard some banks are now getting licence to sell cryptocurrency assets. Maybe you should check your local banks if they are allowed to this. If not then you should look online to exchanges like binance.

The same principle applies to non-exchange tokens. They need to be backed by a working project without which they become worthless shitcoins. Even having a working project is not enough to prevent an exchange coin from dumping in price. Just take a look at BQQQ from Bitsdaq exchange. Despite all the hype, it has sent my $300 investment tumbling to a near useless value of $15.

Quote from: upyem2k on December 04, 2019, 11:59:05 PM

The fear of dumping often makes the project team fear or avoid the payment of hunters until sometimes after the exchange listing. I wonder why the team make themselves restless on an easy thing like that when they can easily conduct their bounty with bitcoin or ethereum for payment. That will safe them of the fear that the bounty hunter will dump after the exchange listing.

They will never do this because they do not place much value on their own native tokens. The irony of it is that investors dump project tokens more than hunters. Hunters only want to get paid for weeks of work while investors want to recoup their money with high profits at that. This is why investors will rather dump hard because they have more to lose.

Burning tokens creates scarcity and gives value to the rest of the available tokens. There is no rule that says projects have to burn unsold tokens. It is just common sense to do so as it brings more trust to the project

I used to believe that the only coin that can rival Ethereum is NEO. I may have been wrong unless if the devs nick in some major upgrades next year. Basically all the tokens I hold from Neo blockchain have lost value

I am really scared of hodling altcoins. That is my most of my asset is in BTC and ETH. If I cannot be certain about which altcoin is going to rise in price then I will rather not invest in it. Although, I am taking a look at some exchange coins and considering investing there instead

I wish to believe this will be true but it is difficult because the market is still looking bearish and with news of exchange owners running away with investors assets, it makes the future of crypto all the more looking bleak.

Too much money is being reported stolen in cryptocurrency. If this amount was stolen in offline, I can't imagine how catastrophic it would be to the global markets. That said, I hope this won't lead to another dump in Ethereum price?

It is hard to distinguish because, although, there are few projects out there which have done really when in terms of price going up, the majority of other coins have dipped too badly with seemingly no hope of recovery. Some traders still make profits but it cannot be as much as the profits from those few projects whose price went up over the months

My dive into cryptocurrency came about as more of curiosity than for the want of money. I guess that is why I have stuck to it for so long. I still believe it will play a very important role in the future