This is not the right time to take a break, this is the best time to go on and not to take a break, the price is moving and there are a lot of great news coming, and the halving is very near, this is the right time to invest, this is the right time to do research on coins that are likely to show good performance, bounty hunting is not yet good but there's still good bounty to join.
A good point as well, the one I forgot to mention in my previous post. This is definitely true when it comes to investing, but I am not so sure that it will be true for bounty hunting as well as the crypto space is growing up and these obscure projects that did a bounty campaign may never recover and may die off quietly, we shall see.
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For most people margin trading is like nuclear energy, they hear about it and they tremble in fear. But in reality its not such a big boo hoo if you know the fundamentals of TA and if you stay in the sub 10x margin range. But of course it can be a disaster for individuals who go rogue and throw rationality in the garbage bin.
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There is no need to take a break if you are a bounty hunter, just leap into hunting with ease and dont stress about it if you worked in vain for a particular campaign, face the fact that bounty hunting is more like playing a lottery and not a regular paying job. When you achieve this state of mind, your stress levels will lower significantly.
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Well, you move on, what else to do haha, you dont really have any other options. The fact is that more than 95% of projects that have opened up bounty threads here will eventually fail, some right at the beginning of their "journey" and some later on that path, so you better be well prepared and accept this fact when jumping into the bounty hunting scene.
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Now its not the time to invest in these kind of wild-card projects, that time was in 2017 when even the obscure ICOs made impressive returns upon the listing, but today most of those would fail miserably. Stick to well known already established ones when it comes to investing, or maybe chip in couple of bucks in Sessia, the amount you are prepared to loose (its a very high chance of it).
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To be fair, many people are using the term "shitcoin" for most non-top 10 alt-coins, so dont get hung up on the usage of the term. That being said, it would be ludicrous to hold on to the actual shit-coins as those will probably die off in the potential upcoming altcoin purge.
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I mean everyone has its own bias and is trying to shill their own bags, so people should do their own due diligence and not blindly follow the recs here, that being said, I am a fan of Hedera, Aion, Reserve, Fantom and a hidden gem 0chain. Highly attractive projects on the paper, but they will t have to materialize this vision of theirs to achieve mass adoption.
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Nothing specific, I am just enjoying looking at the green market, even if it will probably be short-lived. But I am eagerly waiting for Hedera do disclose the remaining council members of theirs, which could very well be the catalyst for the price action reversal of their token.
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As with most people here, the actual potential of the project is the main factor when deciding to join the campaign or pass on it. But on some occasions I am prepared to risk my work and my time for campaigns with very high allocations, even if those projects look sub-par, as there have been surprises in the past, when some of those kind of projects succeeded.
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True, but the good thing about being scammed is that you (hopefully) learn from your mistakes, so you tend to be much less naive and much more careful in the future, so with most people, falling into this kind of trap is an one time deal, a lesson learned in a hard way.
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I am observing that a lot of people still fall on those old shady schemes as joining the pump and dump groups or better put, following pump and dump signals; getting scammed via Telegram by scammers who are pretending to be team members of certain projects etc. But hey, there will always be newcomers to the space who are not aware of those traps, so rotten individuals who are exercising those malicious activities will always have someone to pray upon.
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I am seriously considering buying a safe for my hardware wallet, mostly as a decent protection from the fire if anything goes haywire, but I am aware that the proper bank safe would be the best option. So this is in a way an upgrade from only owning a hardware wallet and keeping it hidden somewhere.
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Those steps are the optimal due diligence process for sure, but very few people follow them in such depth. A short glimpse on the WP, their website and their social media presence (including the Telegram channel) should be sufficient to weed out those blatant scams, but yea, to really find bounties of the solid projects, there is a need to invest more time into it. Also pay attention to the "scam accusation" sub-forum as many people are exposing scams there.
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Yep, it would be interesting to know which alts were you holding during the 18/19 crypto winter. If those were some blatant shitcoins, then you were probably shocked when peaking at their value after your hiatus, but if you filled your bag with top 10 or top 20 projects, you are alright, its just a natural cycle of crypto fuckery all over again .
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Well, if you define a certain coin as a shitcoin, you should probably get rid of it as there will surely be a purge of a lot of useless projects in the next altcoin season, so it would be very risky to fill your portfolio with those kind of projects. But hey, its a high risk-high reward game after all.
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Definitely one of the most trustworthy crypto hot wallets in existence, but then again, it can be breached if your phone/OS has a security exploit or something similar, so its not bulletproof, but as a standalone application its of the highest tier.
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