It appears as if it's a matter of bad timing. If Bakkt was released during the previous BTC bullrun it probably would have done great. It opened when BTC appears range-locked, or if anything, slightly bearish.

So it obviously didn't have the impact folks assumed it would. Or if it did, it was priced in like 2 months ago. We'll just need to wait a while longer, it can still make a difference, but it certainly doesn't look like right now it's going to help much.

Only 'perk' of KYC I am aware of is identity theft.

I've been around for years w/ crypto, so this isn't a new thing to me. I'm well aware of how many scams have been about. And just because a project requires KYC hardly means it's immune to being a scam.

 I'm also aware that identity theft is a real thing, and no sane person would willingly provide their personal info + documents to a random dev team here. If you can't understand why this is an issue, then I suggest you start researching identity theft.

And before you bring up the fact that exchanges require KYC, I'll also state it's a necessary evil in that situation. Besides the fact that exchanges should have extra safeguards to protect your identity (at least some do), in those cases we probably are talking about much larger sums of money at stake vs the pittance most bounties pay out.

Number 1 is NO KYC. Not that I am opposed to the KYC in theory, but I'm not about to hand over my personal info and documents to some random developer. If a bounty requires KYC, nothing else about it matters, I simply won't take part in it.

Hopefully the project is well laid out, info is available on all devs working on the project, and of course it helps if the project makes sense. A bounty for a coin so we can use cryptos to pay for taxis or dental work probably wouldn't  be considered a top notch groundbreaking coin, for instance.

Don't change any rules or terms as the bounty goes along. Have the rules all written out in plain English and have an easy way for participants to contact you if there is an issue.

And a biggie here: payouts. Ideally pay out on a set schedule using btc or eth. And if that can't be managed, payout in the token/coin itself as the campaign goes along. A single big payout at the end may result in the same thing (or same number of coins per participant), but a zillion projects pack up before the bounty is even over, resulting in folks just wasting their time. So something needs to be paid out on a set schedule.

Edit: And I just checked the campaign the OP is running.

KYC required, devs can change the terms at any point, pretty low payouts ... that type of campaign wouldn't get a second glance from me, to be honest.

Beats me why bounties would require KYC. I mean, it can't be anti-laundering due to the tokens not really having any value to begin with and besides, it's not an issue of coins being exchanged in the first place. As someone running a campaign, I have to ask, why do devs even institute KYC for a bounty campaign? The only logical reasons I can come up with tend to be nefarious reasons.

If push comes to shove, and it's a choice of being delisted everywhere or removing coinjoin, I'd think the devs would simply remove the privacy features from the code and make it an optional additional service similar to btc. That assumes it's easy to decouple.

Now logically it shouldn't make any difference whether it's part of the wallet or not. I mean, in reality the results would be the same, so it's kind of silly. But crypto doesn't always work with logic so well, I guess.

No idea what coins like Monero will do though.

For those who bought in at highs, not just for ETH, but many other coins, the best strategy probably would be to get the buy-in price lower by buying up coins at a cheaper price while they can. Of course that is only a viable strategy if you believe said coin will appreciate in the future and it actually works out that way. It also requires additional funds and additional risk.... but it's one of the few ways to dig yourself out of a humongous loss.

Simply taking a loss and moving everything to btc is an okay strategy when at a minor loss or if you feel whatever coin you invested in is utterly doomed. I wouldn't put ETH into that category however... but if someone for some odd reason decided to put their life savings into Dentacoin (or whatever junkcoins), they might want to look at an exit strategy vs buying up more dental coins.

I do agree with the OP that holding is probably the best strategy so long as we aren't talking about requiring a miracle to recover losses  -- so those who bought their alts high, but not at ATHs -- may be better off simply holding unless they spot a better opportunity.

It seems like Dash shouldn't have been lumped in with those other coins and delisted then. It's not so different than BTC really. It's also a situation where an exchange could do some blockchain lookup magic if they wanted to, and simply kick out traders who made use of the privacy function for past transactions, rather than completely delist the coin for everyone.

Not sure how Monero and similar coins would adapt, however, unless they kind of redo most of their code, or I guess move onto decentralized exchanges.

If so, it seems kind of odd for coinbase to take on Dash when it did. And I think Binance US plans to list Dash as well. I'm not saying you are wrong about other exchanges following suit, just thinking aloud how it was weird timing.

I wonder if privacy coins will adapt (if they can)? It's not like the privacy feature of Dash for instance is an absolute requirement, quite the opposite.

There are a number of gold tokens, as already mentioned by others. You'll find one in my signature too. I'm also aware of paxgold, which is relatively new.

Eventually I think a lot of assets, including stocks and bonds will be tokenized. I believe there is a german bond (forget the name) that has been tokenized. Even an NBA player is trying to tokenize his contract.

I think dominance will need to get below 60% before alts see any real movement. And closer to 50% or less if we are talking about a real altcoin season.

Still, it's not like 'altcoin' is a single coin and refers to every coin. We may see isolated coins have some nice spikes, regardless of where dominance is.

If literally no volume then those aren't the true values. One can always find the oddball coin with a higher than expected value based on a single purchase of like $3... yet liquidity could be a third of that number or less.

As for hope, it depends on the coin, team and plans. I wouldn't get my hopes up if you are talking about a coin that has a daily volume of zero ... but plus side is, if you can't sell them, just hold onto them and hope for the best? No decision to be made when no options are available.

I see upbit decided to join the party and delist some privacy coins as well.

I haven't studied privacy coins enough to know the answer to this, so will ask here, but for something like Dash, couldn't the exchange simply disallow deposits on coins that made use of the privacy features? Since privacy is optional and transactions can be looked up on the chain, that'd seem like a decent compromise solution.

I'll guess that won't work with all privacy coins though, especially ones where privacy is automatic or there is no way to look up transactions.

That's also overlooking coin mixing services that already exist for BTC and other coins -- seems like it's more a public relations thing than something that'll matter in the end.

Enigma and IOST aren't dead coins.

I am guessing they just wrote up a blurb ages ago to promote coinjainitor and have been copy/pasting it over time, not bothering to even check if the so-called dead coins are in fact even dead. I remember an earlier one that listed Doge -- with currently a 311 Million dollar marketcap.

It's just silly. Coinjanitor is in fact a dead coin, deader than the coins they list -- maybe $100 or so daily volume and not even good enough to get on coinmarketcap.

The simple answer to all of this is... it's not so simple. You can't claim anything in regard to crypto as a fact -- nobody knows where the markets will go. Those who state altcoins will never recover are those who simply hold BTC. Those who claim Alts will skyrocket once again, hold Alts.

All we can do is look at past history, and typically crypto works in cycles. BTC has its day, Alts have their day.

As for the charts, it's not like BTC is immune to any of this. It's still down like 50% from its previous highs. Sure, right now it's doing better than alts, but if you time the market right, it doesn't mean alts can't be profitable. I could just as easily say, get out of BTC now, it's doomed to failure, over half of your money lost! Go to gold, silver, stocks, as BTC is on shady exchanges that will steal your money! (No idea why the OP acted like all alts are on shady exchanges, most decent ones like coinbase, binance and so on handle both BTC and a zillion alts).

Agreed, but that's kind of human nature. So it doesn't surprise me in the least. Although to be fair, it's not uncommon for projects to be actual scams here, and although investors should understand the risks, it's not unreasonable to complain when a dev absconds with a pile of cash.

But when folks complain because a new token/coin dumps as soon as it hits the market, especially when there were early investors who bought at like 2-3x less than you, then it's not warranted. That info should have been out there, so they should have understood the risks.

The only part of folks complaining that I find odd and which annoys me somewhat is when certain coins are labeled shitcoins or scams simply because the entire market is down. That never made an ounce of sense to me when referring to decent coins... ETH is a shitcoin,  blah blah. If the entire market is down, I'm not sure what they expected really, it's not an individual coin issue, just a market issue.

That's a situation where you need convert the btc to something else. I've had similar situations when playing with small amounts on exchanges. Doge is always good for that ... convert the .0021 BTC to Doge, withdraw Doge (which is typically only a 2-10 Doge fee).

Or if you want something you can convert to fiat, ETC can work (coinbase can do ETC to fiat, I think). Not this is enough in fiat to really bother with. My point being, just convert it to some other coin that doesn't eat it all up with withdrawal fees.

That works great ... until it doesn't.

ETH holders years ago made a fortune. Swing trade at the wrong time, and you watch as your token becomes too expensive to buy back into.

So it can be worth doing in smaller amounts, or if you can guess the swings correctly. Just be aware that if you guess wrong, sometimes things can go very very wrong. There are also tax considerations to take into account, swing trading will turn all of your long term capital gains into short term... and unrealized gains into realized (at least for US people).

Things are always easier to say with hindsight. I too invested some when btc was at the 3-4K range, but now I wonder why I didn't invest more. Answer is easy ... nobody knows where the tops and bottoms are. We easily could be sitting here with btc at 1-2K, crying that we bought btc at 3.5K.

For the OP, he could look at some dexes, maybe some trade his coin. But if no exchange, anywhere, trades his coin, he's kind of stuck.

It's way too simplistic to say 'Don't hold altcoins or you'll get Rekt'.

Sure, many coins from 2016 are no more, or at such low prices they basically are worthless. Yet some are now worth a fortune. It's also easy to warn against altcoins during a bear market.

In 2017/18, just about every alt went up, some to insane amounts. Nobody during the bullrun would have said, 'Don't you wish you dumped your alts you bought way back in 2015?'

Thing is, nobody knows what will happen. I don't expect true shitcoins to go crazy again, but I also wouldn't generalize and act like decent alts won't eventually be profitable.

Then that's an even worse sign.

I think it's a combination of both, natural drop plus the earndrop getting priced in. Meaning some investors expect the price to drop after the airdrop is released, so they are selling early ahead of the event.

I think the coin will need to wait until the next earndrop is over to expect any real type of rise. It kind of beats me why NRG keeps running them, by now folks should know about the coin, not like they need more promotion. But with any giveaway, expect a dump of some sort afterwards, just the way it is.

I'm also not a fan of this unlimited coin supply thing. Eventually it'll catch up with the coin and suppress the price.