People are always seeking profitable investment and the news may be true. But given the alleged tussle between banks and cryptocurrency (banks are vocal of cryptocurrency) and the volatile nature of the crypto market, I think it maybe too early to say yes to it. But gradually cryptocurrency is being accepted widely.
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I have no idea about the coin named MAT token. But what I want to say that there are hundreds of coins in the market and most of them have no different goals and features. I mean they do not have any attractive and unique features to attract investors. I think unique and different project may get more attraction of investors.
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Given the volume of gain in price over a specific time, Binance coin has beaten even bitcoin. But bitcoin is a legacy coin and no coin will surpass it in terms of price in the nearest future. BNB might come the second position in the place of Ethereum. Investment in BNB is far better than other coins like ripple, stellar and cardano.
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What we should fear about is the fake projects and scammers instead of fearing ICO, IEO or STO. ICO, IEO, and STO are just a means of collecting funds from investors and a means of advertising a project. Now ICO has been replaced by IEO and STO. So there is nothing to worry about. But just be on alert that scammers might bite you.
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Like you I am also strong believer and supporter of Ripple as the project has been doing hard to make it a success by forging partnership with many noted business houses and banks. But I do also believe that ripple will grow to the level that it will beat even Ethereum in the near future. It maybe noted that it has already beat ethereum.
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I think ICO will be disappearing slowly as IEO and STO are replacing it. But I think there is not tangible change between ICO, IEO and STO. To be fair, IEO, and STO are just the advanced form of ICO to some level. Now the people, investors, bounty hunters and others are preferring IEO and STO thinking that this means of collecting funds would give more investment security.
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Yes government has the ultimate authority to control whatever it wants. But in democracy, the government is elected by the people, and what the majority of the people wants, the government does the same. So ultimately, it is the authority of the people to control everything they want. So cryptocurrency is the choice of the people, and ultimately, the government accepts it.
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I was planning to join this project given its popularity and lavish advertisement. But my mind changed when I saw hundreds of participants joining the project. I thought that if I had joined the project, my allocation of rewards would be small. So I decided to join another project instead of Yobit. Now I thought I also did right.
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It is always advisable to buy and sell in the right time and in the right place. But there are many investors and bounty hunters who are still unaware of crypto education and trading skills. So it is the first priority to teach newbies and others crypto education so as to help them cut loss and earn benefits.
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I do not exactly why the developers require investors or bounty hunters to push their KYC information. It seems they try to follow the law by asking investors and bounty hunters to provide KYC information. But what about some developers themselves becoming scammers and some fake projects scamming investors and bounty hunters?
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If something is reduced by quantity, its demand is increased, thus giving a rise in its price. I think Litecoin halving will give the coin a boost. The coin is already popular and is doing well in the market. So there will be a double chance for the coin to increase in price. I think Litecoin holders should celebrate.
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I am happy for you as you have been depending on cryptocurrency after you are sacked from your job. And the crypto market has mercy for you as it has given you some profits. But others may not be as fortunate as you are. Some of them is me. I have suffered loss ever since I joined it some two years ago.
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There are many countries that are friendly with cryptocurrency. Japan, Singapore, Switzerland, some parts of the United States of America, Russia, Germany are the countries that give permission to deal in cryptocurrency to name a few. While many more countries are becoming friendly with cryptocurrency, some are coming harder on it. Like India is considering 10 years of imprisonment for dealing in cryptocurrency.
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I exactly do not know why this happens. But it seems that privately funded projects are doing well in the market than the one funded publicly. There are many projects funded personally performing well. Veil is one of them. I think personally funded project does well because the project owners become very serious about making the project a success as their money is invested in it.
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I have been left with no option than holding my coins until the market returned to the year of 2017 when coins increased in price to their maximum level. It is because I joined cryptocurrency and bought coins at that time. It means I have suffered almost 80 percent of losses from my coins. So I have to hold my coins.
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There is not necessarily good or bad times to join or invest in cryptocurrency. There is only relatively good or bad time for this. It is up to you to decide whether you want to cease joining cryptocurrency for a while. But in my view, you can look to alternative to recover your losses. Like engage in day to day trading or join bounty campaigns.
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You have held a wise idea for you. But for many, they have different opinion about joining bounty campaigns. For me, instead of joining already exchange listed projects, I would like to take risks joining brand new as there is high chance that I would get many tokens than the one listed. So I always prefer take risks.
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It is always welcoming and wise idea to invest in ripple as the coin despite facing criticism from many quarters is performing well and is not discouraged from making efforts to make the project a success whether by building partnerships with many big banks or business institutions. Its price is increasing recently. But its price will decrease a bit I think, and you can buy it then.
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It is good idea not only for newbies but for all to learn crypto education and trading skills to get better at the trading of cryptocurrency and to avoid any kind of scamming. I from the very beginning am in favour of providing crypto education for all wanting to join cryptocurrency. In this regard, some countries have started teaching crypto to the people.
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To be exact, none knows for 100 percent sure that why the market goes up and down from time to time or in no time. Maybe there are some players that are the only reason behind such volatility of the market. Such players do this for their own benefits. Another reason is that it is natural for volatile cryptocurrency to increase and decrease from time to time.
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