The idea is very much wise. Many bounty hunters are forced to leave their hard earned tokens due to KYC procedure cryptocurrency project requires. I am not in favour of providing KYC information to others we do not know. And we do not know the project we have provided our KYC information to are legit. On the other hand, the project requiring KYC information must push the procedure before bounty hunters join bounty campaigns.
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I generally do not clear my holdings of high profile coins like Ethereum, bitcoin, BNB. But I do sell off the shitcoins and accumulate the coins that I feel will increase over time. I have not invested in hyped coins so far. But I am thinking of investing a bit of my investment in it just for test. I believe if I have trading skills, I would get much profits from even hyped coins.
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It is unfortunate that the market is overtaken by bitcoin so far, and the rise in most of altcoins depends on bitcoin. It means altcoins increase in price only when bitcoin surges. So first of all, it is essentials for all coins to perform independently. Now the market is increasing and it seems it lasts the end of the year of 2019 with the market experiencing up and down in between.
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I am not always in favour of holding coins for as long as five years. But in fact, I do not favour holding even for a short term. Rather I would buy just a few months ago after the market starts increasing. The crypto market is highly volatile and the market goes up and down from time to time. So in this context, for me holding coins for long is not beneficial that much.
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Wow your commitment is so much strong that it I wish also inspires others who are risking their investment by selling off their coins for peanuts. In general, the people in the crypto market advice others to hodl, hodl and hodl until their coins rise in price they expect. But in fact it turns out that they are the ones to clear their holdings fearing further loss. But I suggest involving in day to day trade to cut losses.
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Generally in cryptocurrency market, a coin will not skyrocket continuously. It means a coin has to drop in price after reaching a point. This happens not only in cryptocurrency, but in everywhere including stock market. So it is obvious that binance coin will suffer a decline at a point. What we should observe the market at present and the potentiality of a coin.
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Of course bitcoin and ethereum will rule the market in at least few years if not entire future. There maybe many new and already established coins with much capacity and efficiency to beat both the coins. But these two coins are amazing and most of the coins in the market are based on their blockchain so far. But I think binance coin may be the next coin that comes with much vigor and has much potentiality.
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So far bitcoin has been influencing the crypto market, you accept it or not. Its direct effect falls on the market. When its price increase, the market shows increment with all coins rising in price. I think the market will not exist if bitcoin dies. I salute to bitcoin as the coin is not only king coin, but it is the parent coin to the entire crypto market. Long live bitcoin.
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Airdrop maybe a good option to earn free tokens. It does not require that much time and efforts unlike in bounty campaigns to get free tokens. But in my case, I have applied for many projects launching airdrops. But unfortunately, I have got no tokens so far. Maybe I have chosen fake projects. So I have completely stopped joining airdrops. Maybe airdrops allure me in the days to come.
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Yes it has become essential to research any project you are going to invest in thoroughly as the market is also filled with scam projects. You can look at the project team, its technology and goals. Lately, the scammers are rising in number just because of lax laws. There is not any strict regulations and laws that punish them. I think strict regulations should be in place.
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My favourite coin list is long. But unfortunately, I cannot afford to buy all the coins which are my favourite for want of funds enough. Right now I am thinking about buying Binance coin because the coin is the future just like ethereum and bitcoin. The coin is projected to hit $100 by the end of the year of 2019.
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I think choosing a good and investment worthy project is really a hard task ever. Or many would get riches if they find a good project with much potentiality to grow. Had I invested in bitcoin or ethereum, I would have become millionaire. So sad. There are hundreds of new projects hitting the market, and I are put in difficulties to pick one good project. I think a little bit luck plays its role.
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Wow Bitfinex IEO raised $1 billion in a short space of time, which has encouraged new projects at a time when ICOs are decreasing as compared to 2017. But one of worst thing for me is that I failed to participate in the Bitfinex IEO. The IEO already finished when I came to notice it. But I am planning to buy it on exchanges.
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The issue I have been raising for long. There are reports of scams and frauds taking place, which has not only discouraged investors but alto tarnished the image of cryptocurrency. The interesting fact is that scammers are walking free without any fear of being arrested. This maybe due to lack of regulations and crypto-related laws. So regulations should be in place.
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Any coin hitting the market maybe a rival to other established coins. And we all know that Facebook is most popular and is being used by majority of the populations. And there is high chance for the coin issued by Facebook to get widespread attention. But I cannot say that the facebook issued coin will replace bitcoin, a legacy coin in the future.
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I do not choose between ICO, STO and IEO as I do not believe any of these method of collecting funds to push a project is better. The project itself should be honest to ensure investment security. If the project is bad intended, it does not matter whether any of ICO, STO or IEO is launched. I think STO and IEO comes following reports of scams in the name of ICO.
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We should all unite against hackers and scammers for it will help make the crypto market stronger, reliable and permanent. We all know that the crypto market is wearing backlash just because of scammers and hackers. In a case of this bounty programme being run by hackers, we should discourage them by not participating in it, and we should expose them to the world.
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Of course this is the end of cryptocurrency. Many feel that cryptocurrency is going to an end just by the price of coins decreasing. But what is true is that cryptocurrency going down and up from time to time is its nature, which is volatile. I just want to say that cryptocurrency will stay with us forever forget price of coins increasing and decreasing from time to time.
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I am jealous of you my friend as you have held both gold coins--bitcoin and ethereum--and you have already tested benefits from Ethereum. But sadly for me, cryptocurrency has been bitter so far as I have suffered only losses. But hopeful enough I am that the coins I have held will increase in price one day and recover my losses. I think do not empty your holdings of bitcoin and ethereum.
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I am not that much passionate in buying and accumulating a wide range of coins including 'shitcoins'. Rather I will be happy with a limited number of coins that may make me riches. I wish I could amass bitcoin. But unfortunately, I do not have the coins worthy of holding. The only coins I have are 'shitcoins'.
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