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I was once talking to a friend on day trading and stuff. I personally do not and will not like to go into day trading anymore cos I have had a lot of losses in day trading. The strategy my friend gave me is to buy more when my losses increase, this will cover up for the loss when there's a spike in the market. I think I tried thia once, it worked but I ran afterwards.
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Checking all that you listed is very essential in knowing the kind of Bounty one will participate in. The main thing is the genuine of the project. You might see a bounty that the team is anonymous and decide to stay away, meanwhile that bounty will the best. It happens. Checking the genuiness of the project and what it sets out to achieve is the first step in knowing the success of the bounty.
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Realistically only two out of six can make you some money, the first and sixth option. Airdrops are nor really worth your time, faucets likewise. Steemit is heavily rigged and I would not recommend it especially not for newbies. I have never heard of crowdholding and it might be a valid option, I have no idea. If you have programming skills or if you can create content, you can work directly for crypto. But I would not go anywhere else. This forum is a good place to advertise your skills (Services Section) and get paid in crypto.
Investing time in airdrop is just a waste of time if I should say. To me trading is the best option. Traders who know their way around altcoins make huge amount of profit trading daily. Come toention steemit, it's only a good if not professional writer who earns on steemit. I have heard of another platform for publishing that pays but I haven't really checked it out. I will stick with trading and bounties for now anyway. They are good investments. |
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This Libra project is long over stretched. It should come out already let's know what actually it's all about. If there's a log in button through Facebook, it wouldn't be the first. Most sites these days request for log in through Facebook. I would even prefer it rather than all these KYC stuff that one has to submit sensitive details to unknown parties.
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Exchanges have their different reasons for delisting a coin. Some might be cos of low volume trades in the exchange. Another negative reason might be a possible strategy to close up the exchange. That's why its best to use a trusted exchange for transactions inorder to avoid stories that touch.
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Cryptocurrency has really inspired most people and a lot of learning happens in cryptocurrency. When I joined, I didn't know most of the things I know now. My main goal in cryptocurrency is to be independent and it has actually set me there. Also, planning a better future with profits made from crypto is another of my goal. Generally, crypto has to an extent made me realised some things are worth waiting for and actualizing.
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The main problem most exchanges have that really discourage me from using them is fake volumes and not trading. It's not cool. I recommend mostly Binance for trades. I can only use other exchanges only if the coins I want to trade isn't listed on binance. That's just my stance.
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My best option of improving my portfolio not just altcoins will be trading. Mehnnn, those traders who know their way around altcoins are making huge in the space notwithstanding the market conditions. I have tried out trading a few times and honestly was really impressed on the profit I made. Losses will surely emerge but managing it is the main deal in trading.
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What happened to Bitcoin and Ethereum if you say BNB will become the king of all coins? This exaggeration is not acceptable in anyway. I mean, the Binance CEO is very talented in coming out with successful strategies to improve the project but that should not and I presume, can not place BNB as king of all coins.
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Hypothetically, it will be a huge task trying to get investors for a non-profit company in this cryptocurrency space. Who wants to just invest and not cash out profit in this time. Non-profit is good but not for cryptocurrency investments.
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Trumps statement is already having a negative implications on cryptocurrency. It OK the presidents forbids cryptocurrency in US but coming out openly against it doesn't spell well for the crypto community. Well, there must be way around it. I was thinking the market will go deeper than it is but yeah, the market still survived.
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You really missed out on Veil cos they do not have mobile wallet? You were just misinformed or you did not follow up on the bounty cos most of us used exchange wallet for the bounty. Mobile wallet is the best anyway. I remember my coins is still stuck in a friend's pc cos of that syncing stuff. Its best for projects to get a mobile wallet.
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Thanks for this tip. The strategy scammers come with these days is really baffling. I stumped on a bounty just that required not just downloading their wallet but the wallet asked for permission to my phone contacts and all. I don't know why that should be so. And funny enough, it's imposed on hunters to sown load such wallets to receive rewards. One really needs to be careful on bounty hunting activities.
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Good investors know best than to store their funds in online wallet, that's a big risk. What happened to cold wallets and trusted wallet like blockchain wallet, myetherwallet, Imtoken and others. Of course anyone who stores in online wallet should be scared but that's mostly newbies that are yet to know the dangers. Once the site is gone, it will now turn to enduring loss.
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I doubt the success or failure of ICOs and IEOs determines the price of ethereum. I mean, when IEO newly came on board, many projects were successful but we still didn't see much effect on the rise of ethereum. I believe the price of any coin not just ethereum depends on the market, not about IEOs or ICOs.
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Ethereum is the best bet for investment now. Only if you want to go into trading then I can recommend choosing altcoins from the tops, coins that have tradable values with good fluctiations in price. If your investment plan is long term, then I can say you stick with ethereum cos the market is really not predictable.
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Promoting projects on bounties now has turned to a sort of pass time for those who understand. Gone are the days people solely depend on bounty hustles. It's just somewhat of gamble now. Best is to put ur eyes down and promote projects you believe in not randomly or going for all projects on bounty.
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The market is just not understandable at this time. Honestly. I can only hold on bitcoin and ethereum for now. The drilling is huge. But not to say we won't see a massive rise, the market can be trickish at time. You might dump a coin now and wake up tomorrow to see a new ATH on the coin. And the reverse also might happen. Crypto just requires great patience.
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I see bear market as just a correction. But rightly said, most baseless projects shy away from bear market using that as excuse to paint their inability to handle the market well. You can only see good projects that know what they are truly into surving the bear market. Once the market is bullish, you see even dead and buried projects rise to cash out on innocent investors funds.
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Our common efforts and appeals to ensure that ICO teams are tested by KYC will not bring any success. If there is no strict regulation of the activities of ICO projects by the states and their authorized bodies, the fraudsters will be able to successfully bypass all these public checks. Only a real check of the ICO team members by the relevant law enforcement agencies of the states at the place of registration of the ICO project can significantly reduce or even completely eliminate fraud in this type of activity. To do this, we will have to wait until the state during the legalization of cryptocurrency will not adopt the relevant regulations.
The most saddening thing is that such scam and fraudsters will demand kyc from investors when they know they are out to dupe people. The only solution like you said is absolute regulations of ICO projects. Proper checks should be done through a regulatory body before endorsing any project for ICO or even IEO. |
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