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ICO before now was great and trusted by majority until it over night became a get rich quick scheme for scammers. They polluted the system and a lot of people lost their trust in it. ICOs could still get back to being reliable and efficient if some necessary regulations are done.
The question now is how soon would this regulations be done to ensure the system is secure for all or probably would any regulation be put in place at all? Lot of funds are being lost within a twinkle of an eye to scammers. How long would this go on for.
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That a major mistake majority make. After the bull run in 2017, a Lot of people thought of crypto as a get rich quick scheme not knowing how long people had to wait or even how much money was lost in the process of investment and search for a promising projects. Change your mindest about crypto because like every other way to earn money, you are required to do some serious thinking and analysis to make right decisions. Once you have a change of mindset, you begin to view crypto different and you would tend to channel more energy to achieve success.
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Yeah, you can. The number one rule of success is to never give up and also do away with fear of failure. I have been there before, after my wallet was hacked and I lost everything I worked for. I was really down and frustrated but in my mind I knew giving up was not an option. I gather enough courage to start again from the beginning and I been getting result. Once you tell yourself you can't, you won't. Put on your positive thinking cap on and make all your dream a reality.
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Not a lot of people see the bear market as a blessing, they want everyday of the year to be a bullrun, it doesn't work like that. Smart people make use of the bear market situation to invest and research in coins that have extensive growth potential and invest in them, by so doing they are able to make as high as 10X profit, while the get rich quick scheme people are always yelling bull run, forgetting the only way to make profit during the bull run is to firstly invest rightly during the bear market .
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Yeah, of course. ICO need to be regulated to some extent. ICO has lost it dignity as many ICO have turned out to be scam unlike when ICO first began some yeras ago. A lot of people have loose their hard earned money to scammers and this bad experience has kept them away from cryptocurrency which in a way will affect the adoption if the scam level is high. To increase the growth of cryptocurrency adoption, the general public need to trust the system. Necessary regulations should be done ASAP to sustain the crypto system.
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In my opinion, KYC should be for only investors, which invest large amount of money in ICO to prevent money laundering at the minimal level, in the case of bounty participant that help in promoting ICO projects to the general public in order to create awareness, I don't see any reason why they should also participate in KYC. They get only a small percentage of reward for promoting ICO projects, making KYC compulsory for bounty hunter is not expected.
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I am extremely positive that cryptocurrency will last forever, it has high time questions like this are no longer asked as it is evidence enough that cryptocurrency will last forever with adoptions by big firms. In my opinion, it is advisable you adopt the system right now so you do not loose out of the big opportunity in the future. It is will to your advantage of you adapt the system earlier rather than being a late adopter. The growth potential around crypto is enormous and promising.
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Starting up with collection of free coins is a good start, but if you want to make it really big in crypto world you have to step up your game. Getting involve in trading is a great advancement but you might make few loses before you get good at it. At the initial stage it might seem difficult before qith time and a lot of practise you will be an expert at it. Most of the known traders you look up to where at one point learners too. Don't give up, it will pay on the long run.
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The truth of The matter still remains of you know how to go about cryptocurrency it can make you à millionaire and also make you rich
However, it is not a quick scheme as it take significant time to get an in-depth understanding and knowledge of the crypto world. The crypto market is hard now because of the serious drop in market values of token, at the same time , it doesn't mean the market prices won't get better. Patience is quite a significant attribute everyone must have of you want to make it big in the crypto world
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In my opinion, I firstly read up on the project after which I figure out the problem the project is willing to solve. To ascertain if it is a realistic project or a project with no potential growth. Checking up on their social media platforms too is quite important, for you t9 know what is been said about the project by different community of people I also check up on the team, if any of them team member has successfully carried out a bounty in the past and also if no scam allegation has been levelled up against him before
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I noticed something similar too. They are tons of projects been launched everyday and the good thing is you get to select the project you are interested in and obviously has growth potential. Not all project out there are worthy of investment as moat of them work so hard to hype the project so you can invest in them. Watch out for such project as it is the easiest and saddened way to loose your money to some shitty project.
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They are several ways to earn token without investing a dime in the project, the only thing you will be investing is your time To help advertise the project to the general public to create awareness, so the project is able to reach it hard cap. To earn tokens without investing, you can participate in bounty program such as signature campaign, just as majority here on are involved in, other campaign include Twitter, Facebook, Reddit and so on. You can also earn through participation in airdrops of the project you feel like promoting.
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Risk taking is an important attribute to make higher profit. You also know that risk taking is 50:50 chance that you win or looser, so in your best interest it is advise to take calculated risk so you don't run into a huge loss. Not all risk are to be taken as some already appear to be a failure path. You win some and loose, if you loose, you learn from your mistakes and get better with d6ecision making in the future.
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Yeah, it will be even be greater than it has been. I am positive that cryptocurrency will eventually gain mass adoption and by then it will be greater than you ever thought it would be. A lot people have interest in cryptocurrency but due to the bear market condition, they are still waiting for stability because truth be told they don't really trust the system yet. I just hope something is done to reduce the rate at which people get scammed in crypto, it is also a significant factor people stay off crypto. No body want to be scammed.
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In my opinion, I'm a hundred percent positive cryptocurrency would succeed. The truth of the matter is at the introduction of a new innovation to people, it is normal that not everyone would buy the idea. It a gradual process, little by little with time people would begin to change their mindset towards the innovation. Cryptocurrency right now is at that stage when some people are still in great doubt about the system while others already have trust in the system. Hold on a little more, and watch cryptocurrency rise to the top.
As an early adopters you can take advantage of the opportunity, out there in crypto world before it gets crowded.
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To make it big in the crypto world, a lot of patience is required. You should have the ability to wait tirelessly for the right time when you can make as much than you could even imagine. A lot of people rushed into cryptocurrency after the 2017 bullrun because a lot of people were making money from it. But unknown to them, the people that made it huge from crypto in 2017, must have been waiting for a while and where able to wait without getting tired till the bull run came through. Patience is an important attribute you should. Don't get tired of waiting for the next bull run as it will come through when due.
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The simple way to manage your risk as far as I am concerned is to ensure you do not invest in any ICO projects more than you are willing to loose. If the project eventually turns out to be scam, you will find your self in a tight spot. In others words, do not invest your life savings in ICO. Then also do not just invest in a project because there is a lot of hype around it on social media and other various platform . Proper and extensive research on the project before you invest is important. Of you are in great doubt, meeting up with someone better than you in analysing can reduce your risk too. Two heads they say is better than one.
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