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Bitcoin is not yet stable, it goes pump and dump still so Alts can't be rise yet as we are expecting. But once stable became stable at its price we can expect the Alts season already. So far you can still scalp some of the alts that have good movement and take a profit from it. Just be careful you might be left behind.
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For me yes, I believe that Name really matters in crypto especially those who are handling the project. With their Name, users/investors can check whether they are trustworthy, legit, or not. With their name, we can know about their reputation then. So I think Name is one of the biggest factors for the users/investors to decide whether to invest or not in a project.
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Buying cryptocurrency depends on the market movement and it will also depend on how good is the project When the market is dumped it's surely good to buy a good token/coin at their dip and wait till it gets the market will pump to make a profit. Buying on ICO or IEO will depend on how good is the project if you think you will gain good then go.
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Chainlink belongs to the top 10 tokens/coins now in Coinmarketcap and even on other real-time data tracker. Chainlink is very consistent even the price dropped. For sure Chainlink has more surprises to come, just patiently wait for it. And to think that you just bought it for 3$ that's very lucky, even with the current price right now you're too far from losing. (Lol)
Congratulations!!!
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As usual, there are lots of new projects that's coming in some are good but most are scammed projects. And in the market, the pump and dump are just normal, the effect of the massive adoption and the result of US election too. So difficult to predict the crypto world what will happens next. Just always be cautious and careful in everything to avoid losses.
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Of course, a new project can still deliver and can still perform the best. They can be even much better than the existing or old projects already. And this will depend on their intention of launching their project. We can see that's lots of new projects just come to raise funds and then run away.
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There are lots of scams in the crypto world since the beggining. From ICO to IEO and now the new trend DEFI which driving investors crazy to invest with. But Cryptocurrency never a scam it's just the kind of investment that's coming in who's got into a scam. Just be wise and careful in investing so you will avoid getting scam.
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The Cryptocurrency massive adoption has been up lately with several and giant private companies as well as the Banks all over the world. There are countries also who already adopt cryptocurrency like India-Mongolia-Columbia https://crypto.co/news/crypto-news-indian-mongolian-banks-offer-crypto-services/. So I don't think we still need to call the attention of the people to get into crypto as they can see it already. |
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Agreed with this, be a wise but not greedy investor. Let's all be careful in investing in a project, we must carefully study the project before jump into it. And when you see you're already gaining the take profit and by back again on its dip price. Otherwise, you will lose everything. So let's all be careful.
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We have witnessed several cryptocurrency exchange controversies in the past months until now. And all those controversies is creating a bad reputation or image to an exchange which users caused them not to trust anymore. But we can see that some of those exchanges who's been in controversy solved their problem in just a matter of days or some weeks, and some never come back anymore. The most recent is the OKEx which is until now still hasn't resolved yet. So users who got affected still waiting.
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It's not easy nor it's not hard to make money in cryptocurrency too. Well it depends on how to work hard you are, how wise you are will determine if it's easy or not to make money in the world of crypto. Just be patient and work hard when you're doing bounty or airdrop to make money. When investing you need to be careful and not greedy enough to gain the same goes with trading. So it all depends on your perception.  I am not sure whether to go with the "not easy" part or the "not hard" part. So what is it really? It's not easy and hard, so it's in the middle of being easy and hard which is normal? I guess? What do you mean that one needs to be wise? I am not sure buying 2 pizza's with 10000 bitcoins was a wise decision at the time. One became a millionaire because he bought bitcoins when he received 1000 dollars as a gift. Having courage to take risks? Yes. Being wise, not really. No one predicted that bitcoin would accelerate then to the levels we are seeing now. No one will be able to know all 2000+ coins and tokens cause it is almost impossible to digest such vast information. For me investing in cryptocurrency and doing day trading is all about calculated risks. Let's be real, working hard in bounties and airdrops will only give you a few bucks. Do bounties that pay in Bitcoin and the top alts would be preferable than spending 10 months in a project that would give you hundreds of thousands of their token that worth 2 dollars. Don't work hard, work smart and you will go places. As I said it depends, work hard, and have lots of patience for those who are participating in bounty and airdrop. We all know that if you are participating in bounty you need certain tasks and report weekly before you can get a reward. In doing a participating airdrop you also need to do tasks though it is not as long as doing bounty still you need to wait for a period of time before you will get the reward. And you still wait when it will get listed to exchange before you can really get your real reward. In trading I also emphasized not to get greedy, sometimes being greedy makes you lose everything same with investing in the token sale. |
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Thoughts on a new project? Well, before I make an assumption on a new project I always give a depth study first. Need to go through their website, learn their whitepaper, roadmap, and lastly their team members. And I can also advise not to go with the hype project. It is very important also to join their social media channels to know all their latest updates.
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It's not easy nor it's not hard to make money in cryptocurrency too. Well it depends on how to work hard you are, how wise you are will determine if it's easy or not to make money in the world of crypto. Just be patient and work hard when you're doing bounty or airdrop to make money. When investing you need to be careful and not greedy enough to gain the same goes with trading. So it all depends on your perception. |
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Well, not all new crypto projects are dump, it depends on the projects and on the market sometimes how will it goes. Sometimes on the listing, it will dump as the participants of the airdrop will be going to dump their tokens right away. And it's very normal that on the first listing the pump and dump will happen.
Airdrop participants do not get a large number of tokens for each individual, so the effect will not be large even if they throw away tokens simultaneously, because tokens born from mature projects will always bounce back after the disposal occurs. Agreed but sometimes that is one factor why the price of tokens for a new project gets a dump. I didn't say it is the main reason, it will still depend on how the project is good, the tokenomics of the project, the development, and will also depends on the market of cryptocurrency. Because even how much good the project is if the market has fallen so hard it will not help also. |
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This is no difference in having anonymous team members, the thing is what is the main agenda why they need to hide their team members when running a project. It is very important for a project to show their members in order to know if they are trustworthy ones. Otherwise, 97% of the project is a scam or they have the plan to run away after.
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Well, not all new crypto projects are dump, it depends on the projects and on the market sometimes how will it goes. Sometimes on the listing, it will dump as the participants of the airdrop will be going to dump their tokens right away. And it's very normal that on the first listing the pump and dump will happen.
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In some instances, I agreed with you but not all the time. Actually, it's not the bounty hunters who kill the price of a token project as there are some projects that before bounty hunters can receive their token reward the token price already dump. So the price will always depend on how the project will maintain it. And it will depend on how the market goes also.
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Several fast-food restaurants have been accepting crypto as payment already for quite some time. And this is what we called massive adoption for cryptocurrency. In fact, it's not only fast-food restaurants who's been accepting crypto as payment including some services and travel business also. And now that Paypal entered to cryptocurrency we can expect more establishments that will accept crypto as payment now.
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I don't think so... As long as there is a company or people who will create their own token and launch there will always be people also who will support it. Launching their tokens is part of raising funds that will support their project. But it could be the government will launch rules on launching a token of the project that will avoid hype and scam people.
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The team members are one of the most important factors in considering a project. If the team is anonymous how would you trust the project? This is a mere scam project on my thought, I never consider joining a project having anonymous team members. I never trust such kind of project, they only show that they can't be fit to manage a project in a very well manner.
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