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It is still profitable to hunt bounties despite the actual hard situation os the whole crypto market. You just need to be patient, and to select carefully the project you are going to advertise. With the success of IEO projects, the tokens are almost guaranteed to be listed on exchanges after the sale, and that's a big advantage.
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From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
I think nobody is asking to eliminate fiat currencies, and it is almost impossible to eliminate them at least in the next coming years. It is normal that most crypto lovers prefer to deal mostly with cryptocurrencies, but they are also forced to use fiat especially for offline transactions. |
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Most airdrops nowadays are worthless, and even some of them are just scams. The time when people earned a good amount from airdrops has gone, and it is very hard actually to find a profitable and legitimate airdrop. Even if the project is good, the payment for the airdrop participants will be very small.
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The ICO market isn't dead yet, but it isn't as profitable as 2017 for example. The whole crypto market is down currently, and also the number of legitimate and promising projects is decreasing. Nowadays, the IEO is making the hype, and it is more profitable and safer than ICOs.
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Last week I saw the crypto market of bitcoin and altcoin all fell dramatically because there was competition in gold trading that made all prices fall, is gold investment more profitable than bitcoin and altcoin which are vulnerable to hacking.
Gold is still trusted by people more than cryptocurrencies, and it is also safer to invest in the physical assets (like gold, silver..) than investing in cryptocurrencies. But the potential profit of investing in crypto is a lot bigger than investing in gold which has a stable price almost. |
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Not all the bounties coming out right now are garbage, because there is still a few good projects which have already good potential. Surely, finding these projects isn't easy actually, because most projects are worthless, but if you spend time researching, you can find them and participate in their bounties, if it is available.
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It is true that Bitcoin's dominance is high nowadays, but it is also true that diversifying your crypto portfolio is the best way to make the highest potential profit. You don't know which coins/tokens are going to rise in the near future, so having many coins can make you fast earnings, and it is better than just holding BTC.
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I am not sure if IEOs are more profitable than ICOs, but currently IEO is better than ICO because you are dealing with exchanges and you can trade the tokens after the sale without waiting several months until the token gets listed.
The profitability depends on the project quality and many other factors.
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The help of a successful trader is surely appreciated, but, in my opinion, you have to build by yourself your knowledge and experience about trading cryptocurrencies, and don't depend on the help of other people, even if they are successful traders.
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Usually, the investors nowadays search fast profits, because the market is still down, and even if they believe in the project, it is still unsafe for them to hold the tokens for the long term. That's why so many ICO investors prefer to switch their tokens to solid cryptocurrencies, like Bitcoin or Ethereum.
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Yes, Bitcoin volatility is here to stay, because it is a decentralized currency and the price isn't controlled by governments or banks, so it will keep going up and down all the time, almost. That's the case for all decentralized cryptocurrencies.
By the way, I believe volatility isn't a bad thing for BTC, because it is motivating more people to buy and hold it for the long term.
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Start by reading and learning at least the basics of trading cryptocurrencies. This field is as profitable as risky, so without good knowledge, the risk of losing your hard earned coins is high. Then invest small amounts in your first trades until you get a good experience, so you can increase your budget.
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It is very hard, if not impossible, to earn 1 BTC yearly only by bounty hunting. Actually, the number of legitimate and promising ICO/IEO projects is decreasing, and you have to make an effort in order to find a good project having potential, then you have to work for several weeks or months and waiting for your reward.
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Doge isn't good for investment, in my view. It was created for several years with infinite supply, and its price was always low. I am using Doge for withdrawing my funds from the exchanges with high fees, because paying the fee with Doge is better than paying with BTC or ETH, since its price is cheap.
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BNB token is valuable and worth to buy surely. Binance is the first one in the exchanges of cryptocurrencies, and it will keep this position for several years, most likely, so the value of its token is going to increase even more in the future. BNB is actually a bit expensive, but if you re looking for long term holding, it is worth the investment.
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There are thousands of people around the world working with trading full time, it is their main job. It is good to work full time with trading cryptocurrencies, if you are skilled enough and having the experience required, but for most people it is still a risky way, and personally I prefer to keep my offline job while doing trading as another source of income.
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Any suggestion for things that we could invest and make money at the same time
The most profitable investment nowadays is buying the top promising cryptocurrencies and holding them for the long term. The market is recovering again slowly, and the prices of these currencies are expected to be much higher in the near future. |
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It is sure that nowadays there are a lot of scams among the ICO projects, but quitting bounty hunting, for this reason, isn't convincible for me at least. You have only to take a good time studying the project and making sure of its value and quality before joining its bounty. If you quit, you are missing the chance to make large profits with the legal bounties.
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There are still so many scam airdrops asking in their forms people to send their private keys. It is happening mostly for the Etereum ERC20 wallets. Newbies with a lack of knowledge made this mistake many times, and lost big amounts of Ethereum and valuable tokens. Private keys should never being revealed to anyone else.
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