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Not in all cases. Established coins and ICO sometimes use airdrops to promote their coin and get
more investors involved and aware of them.
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Altcoins definitely have a future, i mean you have to start somewhere right and that place is altcoins.
If people weren't making profits from altcoins it would have been over long time ago. The great thing
about alts are there are so many. You can start on a lower value coin and use your profits to slowly
climb to more valuable alts. Not everyone has funds to jump into the top alts, so imo all alts are
important and play a part in the future of alts.
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i don't think you should invest in any ICO, its too hard to tell lately which ones are worth buying into because of scams.
I would rather wait for the coin to hit the exchanges (if it ever does) and buy it at lower prices a few weeks later.
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You should do what feels right to you. We can all give you advice on which coin to invest in but at the end of the day its ultimately your money
that will be lost. Just do sufficient research and see if it ties up with whats happening in the markets.
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Thing is people are starting new projects JUST to make money, no other reason and therefor most projects lately don't keep value fo longer than 3 months.
Yes, we all want to make money and ultimately that is the goal of any project, but what happened to pride and honesty? Sure make your self some money
in the ICO but think of the people you are taking the money from, create wealth for them as well. I strongly believe in KARMA and when projects start doing
it for the community and not just them self their will be more successful projects that survive.
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Clearly haven't heard not put all your eggs in one basket. Its the same principal. If you put all you money into one currency and that currency drops by 50% you loose 50%
of your investment. If your money is spread evenly over 5 currencies and the same one drops by 50% you ultimately only loosing 10%. But i mean its still your own choice how you want to do it. I prefer having my funds spread a bit for security, but don't get me wrong, there is still a chance all 5 investments drop at the same time, it to unpredictable.
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i don't see it dying. We will probably just see less of it as people start becoming weary of ICO's. Only way i see a positive future for ICO's is if it
gets regulated. This will create more honest projects and win peoples trust back. Personally i don't care if they die out, it just means more money
will be invested into more stable markets rather than shitty ICO's.
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if bitcoin decreases and you are holding BTC, hold some more till the price goes up, unless you are the buy high sell low type of person.
if bitcoin decreases enough and you have money to invest buy some more and wait for the price to up again, which it will.
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I would go with Tron. Ripple has way to many skeletons in the closet imo. Too many high power influences involved in it that manipulate the market
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I don't think regulating crypto is killing the market. In all effect it should be helping the market.
If ICO's are regulated I think more people will have a positive feeling towards crypto and the money will start
flowing into the markets.
By regulating ICO's there will be less scams, less projects and essentially this will narrow the market down
and funds could be spread over the fewer projects.
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I would say read, read and read some more.
Get to know all the terminologies before you start investing. Make sure you understand what you are doing before attempting it.
Don't let other people tell you what to invest in, do your own research and if you then feel that person had a point take the leap.
Don't sell on emotion, if the price drops hold on and wait for it t climb again. If you invested in a reliable currency it will go back up, be patient.
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I would love to make crypto a full time job, but currently just doing POS & MN's to build some funds to reinvest into more stable and reliable coins
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Yes, holding is bullshit but only if you are holding shit coins. Only coins worth holding are established coins with a good price and volume.
But as always, you are to blame for the coins you invest in, not the person that said buy,hold or sell.
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My main problem with giveaways is the fact that the people participating flood forums and chats with links to the shitty coins over and over and for what, a few coins?
If a coin is really worth investing in then it doesn't have to do giveaways/bounties & airdrops to get people interested. Also, if there is a solid team behind the coin they
will handle the advertising and invites, they wont need greedy little minions to do it for them.
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They are not only getting stronger but smarter. What i don't under stand is why the POS wallets can't be coded so that it doesn't come up as a trojan. This is opening up a gate
way for potential hackers/scammers to get access to your crypto/info/pc and you as the staker don't really have a choice but to turn off your fire walls to make a buck.
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i kinda lost track whether this chat is about block chains or ICO's.
But anyways, we all know a block chain works, impossible to hack and could actually be put to good use around the world.
ICO's now that's a touchy subject and certainly the main cause why new investors are scared to invest in new projects. My advice, if its not your mother running the ICO, don't invest.
Im not saying all ICO's are scams, so if you really like a project wait for it to go onto an exchange and then invest if you still feel the same. 9/10 times you could probably pick it up for cheaper after the launch. If not rather put your money into a well established coin, BUT always do your own research.
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Most valuable lessons i learnt last year was
1. Not to sell with emotion when a price drops.
2. Not to listen to what so called crypto prophets say on twitter, they have more power than people think
and
3. HODL that day will come where you make more money than you know what to do with
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I would say in general stay away from any ICO unless its your mothers ICO because you cant trust other people with your hard earned money.
Trading is your best solution, but you have to do your own research. Don't listen to what other people say. Don't follow people on twitter and buy what they are saying, by the time you buy they've probably made 10x what you invested. Look at different projects. I would personally look at the following: how long has the coin been around, the price (don't always buy a coin because its cheap), max supply and coins in circulation. Don't try and double your money, try and make small profits. Buy when the price drops and sell when the price is high and just keep repeating this until you have enough funds to move onto a more valuable currency. GOOD LUCK!!!
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Let’s face it buying and selling cryptos is scary for most people.
Big investors are sitting on the sideline scratching their heads and not prepared to make a commitment.
This industry is in Limbo and can’t find a path!
Exceptional projects will succeed and to be honest it’s hard to find one.
Many projects that have made promises will never deliver: The promoters are just living their lives with the ICO capital. You can think you own a coin that is good but maybe the promoters are just feeding everyone BS.
[I agree completely with you and the main problem is the new coins popping up every week. New investors will think twice about investing when reading about scams taking place.
Crypto has gone into a POS & MN phase and people are cashing in, investors as well as coin dev's. 2 coins in the last 3 months i know of where the dev dumped and walked away with pockets filled with money and i'm sure there are more coins this has happened with. Its just too easy to create a coin and steal peoples money and that's what will scare people away.
Find a coin that has a good team behind it, has a solid foundation and is in it for the people. ] |
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