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Personally, I prefer buying BTC, because investing in ICOs is currently very risky, and almost there aren't promising ICO projects during the few previous months. Bitcoin still the most stable and promising cryptocurrency right now, and its price is expected to increase highly in the future, so it is better to buy it while its price is affordable.
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It's harder nowadays to make money by bounty hunting. The good ICO projects are limited, and the payment to bounty participants is taking a longer time. In addition, even if you receive your payment, you have to wait for several additional months until the token gets listed in exchanges.
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The pump and dump schemes, and manipulation of trading are false and fake factors showing wrong details to the traders sometimes, but the good thing is that these manipulations are always temporary and you can't control the volume of trading forever.
So, it is better to study the project itself first before studying its trading volume.
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Ethereum is surely a very promising altcoin, but it isn't advisable that you buy only this currency because this way you are increasing the potential risk. It is better that you diversify your crypto's portfolio by buying many solid currencies like BTC, LTC, and ETH of course.
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Bounty hunting isn't over yet, but it is not really profitable actually, because the number of legitimate and promising ICO/IEO projects is decreasing, and the market is still red so many projects are struggling to reach even their softcaps. But there is always the opportunity to find a good bounty campaign linked to a solid project.
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I think trading is still one of the most profitable methods with crypto world nowadays, but it is also a bit risky. Bounty hunting isn't yet really as profitable as a few years ago, and mining is almost worthless. Gambling depends only on luck and it is very risky, so trading is still having the biggest potential.
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It is almost the end of this year 2019, and the market situation still red, so I don't think that it will take cryptocurrencies to Moon. We have to wait a bit more, maybe until the middle of 2020 to see if BTC price increases highly or not, if BTC will reach $15k again it will affect positively the altcoins markets too.
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Yes, I compare my trading ideas and strategy with others, because that's helpful for me to improve my trading experience. Trading is a very risky field, and we have to keep learning and reading about the other experiences especially from the successful traders in order to minimize the risks of losing.
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Interested to know if anyone here uses metamask to interact with dapps on Ethereum?
I am using Metamask for a long time and it is safe to use generally, just make sure to install it from the official website, and it will also show you a warning if the site is phishing. I am using Metamask mainly to access and trade in some decentralized exchanges. |
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It is obvious that the ICO industry isn't yet as profitable as a few years ago, and the number of investors is also decreasing nowadays. Now, most startups prefer to run IEOs which is looking more profitable and attractive to investors than ICOs. The situation of altcoin markets is also not helping ICOs to grow up actually.
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I am trading directly at the exchange, manually. It is the best and the safest method of trading and the risk is much lower than using bots or giving the funds to someone else to trade. Trading directly at the exchange will also build your experience and it is helping to avoid big loses.
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The exchanges are interested in launching IEO projects firstly because they earn a big profit from the listing fee, and from the investors, and secondly because the IEO is offering a golden opportunity to the exchange to get free advertisement, since the IEO team will spread the word about the exchange while promoting the IEO.
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There are still a few good projects nowadays, but it is right that their number is decreasing with time. In 2017, almost every ICO project was successful, hitting fast the exchanges and getting good price. Now you need to research a long time to see if the project is good or not, and in many cases you get scammed.
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I invested initially from my salary, but that was in my first months with crypto working. Then I learned the basics of crypto trading and I made some successful trades, and with the bounty earnings, the crypto additional income is enough for me right now.
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I used Etheredelta a long time ago, and it was safe to use but the liquidity is very low, and I see many traders are quitting it to many other DEX exchanges, so the volume of trading is also not high there. But it is still a helpful platform to exchange the shitty ERC20 tokens which aren't listed in any other exchanges.
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To identify good ICOs for investment, you have to study the project carefully: reading the whitepaper, checking the authenticity and experience of team members, check if the product is good and needed by the crypto community, and visit the website and social media of the project to read the feedback from the community.
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