Hey guys,
I've checked some intersting altcoins which are pretty cheap now, the projects look promising and legit but I'm still afraid that they could be another pump and dumps (there were so many of them already!). What are the signs or metrics that send alert signals about the projects and I should check deeper or not risk my money? Or is it just impossible to tell if it's another pump and dump scam project.
Unfortunately, you cannot determine 100% what will happen to this or that altcoin in which you want to invest. Even having a working product does not give a 100% chance of success for any crypto project. You must understand that if it were easy to determine which project and its cryptocurrency would be successful and which would not, then everyone would be able to make a lot of money. But this cannot be, because someone would make money. the other has to give the money. You will have to try hard to make the best choice. Personally, I have been choosing infrastructure projects lately, since they are launched focusing on the crypto market and its needs, and then one cannot say 100% that all such projects will be successful. |
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I have noticed that many of the projects that are there are going up these days. In future we see more pumps as Nowadays there are some events coming up in which we will see that pumping the ground even more
The only event that I see and which can give an impetus for the release of an even greater rabbit of crypto projects and the emergence of new cryptocurrencies and tokens is a sharp rise in prices for cryptocurrencies, that is, the long-awaited flight to the moon. It is this event that can attract new people and their money to the crypto market, and the developers will try to release even more crypto projects to master these new funds. |
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If you visit some crypto forum you will see so many upcoming cryptocurrency projects coming into the industry but sometimes I begin to wonder what is their purpose of bringing in New crypto project knowing well that some of them have wrong motion of the project they are bringing, I have participated in so many of them last year but I have not hear from them again some are abandoned on the proccess with a lot of promises they come with just to gain your interest. What do you think?
Unfortunately, this is the case, many projects that were launched earlier either no longer have activity or do not exist at all. At the moment, I would not say that many projects are coming out, but again, most of them are either scammers or just meaningless. Now, most of all I turn my attention to infrastructural projects, in which there is a desired product or service. Of these, I can single out: Yllo is a multifunctional crypto platform wrapped in a messenger, and Buytex is a cryptocurrency exchange with a currently unique distribution system for its exchange token. There are also a number of other crypto projects. |
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Crypto Scam? ICO Scam? IEO Scam and Now DeFi Scam?
Many years before the Cryptocurrency was a scam for some people, later people said that ICOs are scam, when ICOs had gone and IEO had begun then they were blaming that IEOs are scam later now they are calming that DeFi is scam
Who are they??
They need to be called LOOFER= LOOSER who just want to spread FUD for their own benefit
Of course, it cannot be said that everything related to crypto scam is just new and is an excellent bait for scammers. I also want to note that in all industries there are facts of fraud and unfortunately nothing can be done about it until now. I believe that the crypto community just needs to carefully analyze new crypto projects and promptly inform about cases of fraud. I really like that the Bitcointalk forum and its users help with this issue. |
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As we all have seen ripple has been quite strong these past few days and with all that it has done over the past months compared to most other currencies and the launch of xrapid is actually starting to show in its price.
There is so much talk about ripple taking over bitcoin and being 10$ what are your thoughts on this?
I have seen similar statements many times, but I believe that Bitcoin will be alone and no cryptocurrency can become the second Bitcoin. The fact is that Bitcoin is the progenitor of cryptocurrencies and for a new Bitcoin to appear, it should only be a new direction. And so in the field of cryptocurrencies, Bitcoin is one and will be it until the end of its days. As for Ripple, I believe that each cryptocurrency has its own place and it was created for specific purposes. And therefore, Ripple or other cryptocurrencies cannot become the second BTC. |
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I am using Tradesatoshi, Yobit, EthrerDelta, Bitterx, IDEX and found Tradesatoshi is the simplest and cheapest trading platform.
New Trading platform "ARBIDEX" launching soon.
Arbidex is the first trading platform that aggregates liquidity from exchanges. Right now we have Bitfinex, Bittrex, Poloniex, WEX, Kraken and GDAX connected. A user has an opportunity to trade on these exchanges from a single account and single window. The system will allow users to exchange their cryptocurrency with a best possible exchange rate automatically and the total commission fee will be lower than any of those that exist at the moment.
What is your experience and views?
Help others by sharing your experience.
Although I have been using cryptocurrencies for the fourth year already, I still haven't found the best crypto exchange for myself. Of course, this does not mean that I do not use crypto exchanges at all, on the contrary, I use them and it happens that they are different every time. However, I understand for sure that the best can be a crypto exchange, where I can reliably and simply be able to trade, deposit and withdraw cryptocurrency. And now a couple of months ago, I turned my attention to the new crypto exchange Buytex. Now I am just starting to study this exchange, but at the moment I like it for its security and ease of use, as well as quick withdrawals. |
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We all have heard some of the Uniswap pull-rugs recently, there are some thread on here you can see, I made on of them as https://bitcointalk.org/index.php?topic=5281309.0 , but the list is going to be infinite if I want to add some of them daily, Usually, we hear big scams but a lot of them never mention as they are so small in comparison with those big ones, DEX was a good idea and neat but UNISWAP and Bounce.finance these days have been a reason of so many pull rugs, I don't remember I hear so many scams like now before, do you agree with me? I think these scams could affect on crypto reputation, as many newbies, especially reach ones would like to make a house on firm and safe ground, I wonder how we can help to reduce scams on DEXes?I know with code analysis we can guess that more likely but what about those ones who don't know the coding that much? how we can find out potential scams before they pull the rug? Indeed, a lot of similar projects on Uniswap appeared on the DeFi market. Unfortunately, we have to admit that most of them are fraudulent projects and launched just to get quick money. As for the fight against such projects, I think the best way is not to take part in them and to inform the crypto community about such projects in a timely manner. Personally, I also witnessed a number of such failed projects and now I always pass them by. |
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Here are reasons why DEFI is a high risk investment
1. A glitch in the system can lead to loss of funds or blocking of all assets
2. Developers boost that their codes are impenetrable but they can't oversee how users interacts with applications and platforms, meaning human errors are inevitable.
3. Market is very unpredictable and there is no any form of insurance available for investors, they risks of losing fund is very high
4. YIELD FARMING
Yield farming means the creation of tokens to reward users who provide liquidity to a project, meaning it's a must for users to invest their tokens on the project, you won't be able to trade or sell.
Today many projects are going into DeFi because high yields are offered and investors want quick profits too .
With DeFi the risks are insanely bigger compared to ICO.
I recently got acquainted with DeFi projects and unfortunately mostly my experience in them turned out to be bad. So far, all the DeFi projects I've been involved with have failed. Of course, I understood the risks and most of all I did not like the fact that the teams of all projects wanted to remain anonymous, which gave them the opportunity to easily come to the market and leave. When comparing DeFi projects to projects in a different direction, then DeFi projects have a greater risk. Based on this, I have now begun to trust DeFi projects a little and try to bypass them. |
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Which do you think is best for a new project and why?
ICO - initial coin offering
IEO - initial Exchange offering
IDO - initial Dex offering
STO - Secority token offering
IEO is always the best for me because infinity I can be sure that they will not scam and will enter the exchange market in the future. In addition, IEO of top exchanges are always the best such as like binance, kucoin. So you should participate in all these IEO because the amount of risk is to low.
Note- I don't know if the same topic has been presented in the past and I'm creating the topic with my own ideas.
I believe that all the methods you listed have risks and say 100% that one of them is not the best. However, if you need to choose, then I would give my preference to IEO and here's why. When I started my work with crypto projects, I got acquainted with ICO. At first it was a really cool direction and I managed to make good money, but then problems began, namely the tokens or coins of the projects that conducted their ICO did not want to list their cryptocurrency on the exchanges. Then IEOs appeared. This immediately solved this problem, since the projects' cryptocurrencies were immediately placed on crypto exchanges and the likelihood that they would be traded there immediately increased. Based on this, I can say that IEO is a better way to develop your crypto project. |
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Although I have been working in the crypto field for a long time, I do not have so many sources of information where I look for crypto projects for participation. At the moment, I mainly use this Bitcointalk forum, as well as several telegram groups. At this stage, these sources of information are enough for me and they suit me perfectly. But of course I am glad to receive more new information and thank you for your list of information resources. |
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BREAKING: The Reserve Bank of Australia exploring potential use of a digital currency (CBDC) that will be powered by the Ethereum blockchain!
I think this is great news for both Ethereum and the entire community. At the moment, Ethereum already has a developed ecosystem and many companies and financial institutions understand that Ethereum has a working time-tested blockchain, an ecosystem and a large community. Based on these factors alone, cooperation with Ethereum is beneficial and can bring many benefits. I personally have been using Ethereum for the fourth year now and am very satisfied. |
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What is your favorite project these days?
I think Ethereum it's the best project. haha
There will be projects in various fields,
1. Please tell me your favorite project.
2. Recently, let me know what you think is the best project and what the area of the project is.
I have been working in the crypto industry since mid-2017. Over the years, I have worked most of all with Ethereum.Of course, I can say that Ethereum is my best project and cryptocurrency. But there were other projects that gave me the opportunity to make good money. Now I am working with a new crypto project that has launched its Buytex crypto exchange and its BUX exchange token. The project is already 6 months old and it is actively developing. I also liked this project, as it makes it possible to get income and trade cryptocurrency right now. Of course, in order for him to become special for me, he will have to work for a long time and please me with income, as Ethereum does. There are other projects that I like, but the main thing here is that all these projects work for a long time and please their community with regular income. |
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Since the creation of Ethereum and other smart contract-based and token creation platforms we have seen the number of newly launched projects token created, we now have thousands of dead tokens and coins but many are still create it seems many tokens just come and go.
Do you think we will have a time that there will be no new tokens created and people will stop investing and supporting new tokens or coins?
I believe that tokens will be issued in 10 years, the only question is who will issue them and why. Now, as far as I see, the cryptocurrency system is undergoing a test. Both the technology and the release of cryptocurrencies and tokens are being tested. Perhaps someone is warming up before everything we know begins to be tokenized and then we will see the real dawn of this industry. I believe in it and hope that we all see it and get more great opportunities. |
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In the process of trying to be a future whales you could lost everything,trust me this got me no where and I realized that I've lost tons of money because I was never contented, be smart and always take advantage of any project that brings you profit, do not stare at your wallet and say 'im gonna be rich in 3 years later' this is 1% out of 100% chance that it's ever going to happen, remember, been rich isn't the most important part of our lives but living a good life is.
You are absolutely right, if you chase wealth and do not know how to make real profit in the process, you may not reach your goal. I have an acquaintance who dreamed of becoming a millionaire and saved up a lot of cryptocurrency for this, while he did not make a profit, but saved and saved everything until after 2017 the crypto market went down. As a result, instead of the profit received, it was left with a large amount of unclaimed cryptocurrency. This is a lesson that you don't need to chase after wealth, but you need to be able to take profit now. I, in turn, knowing this rule, tried to take profit immediately and could improve my life by buying myself the necessary things. Live now, profit now. |
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