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The obvious truth is that most altcoin are not trusted because they end up becoming scam projects and as such may be useless to the holders that explains why bitcoin is always chosen as a means of payment and settlement of debt. Altcoin could easily be delisted from an exchange but I haven't seen an exchange delisting bitcoin.
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It's rather very difficult to have ethereum deprecate till zero. That would also be a bad thing for the cryptocurrency industry as it would imply that Bitcoin could also reach the zero mark. I do wish that issues like this don't happen as it would be a terrible blow to the cryptocurrency space.
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Tell me if my plan is bad, the first time i entered crypto space i started with mining rig setups but after some time its no more profitable so i stopped mining, now i start joining airdrops and bounties but present market condition is not helping, now i decide to sell my rig and find other business to divert the money to, if bull run ever comes i will still have coins to sell since most of my bounties i hold the ones with use cases, is selling my mining rig a good call?
In my opinion, mining is not a lucrative venture especially when you're into small scale mining. It's best you sell off your mining rigs since you don't intend continuing with it, instead of leaving it idle without making money out of it. Bounty is a better option for earning some income, though it's not stable but could be lucrative. |
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It's nice to see libra on the news again. The last time I checked the coin was having some regulation issue which I believe was going to sniff life off the project. I wished the project survives the United States regulations, though am not positive about the project based on the challenges I've read.
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One of the reasons why listing on top exchange is not easily accessible to every project is because of the listing fee. It would be funny to ask the top exchange to reduce the cost of listing when the listing fee is a major source of income for running the exchange. The exchange won't be enviable if the necessary modalities are not in place and these modalities needs fund to maintain.
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In my opinion, the reason why people buy new tokens is basically because of the possibility of selling at a higher price in future or trading for a much valuable token. In recent times, several new tokens haven't been getting the needed attention from investors, I believe its because of the nature of the market and fact that in most cases it takes a longer period for investment in new tokens to mature.
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It's quite unfortunate that china has chosen to clamp down on cryptocurrency with so much pressure on both the projects and her founders. I'm not certain of what they want to achieve, but I know that the Chinese government must have a reason for such move. I do hope to find out more about the issue.
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In my journey in this space, I've learnt the golden rule of never investing any amount I can't afford to loose. I've discovered that no matter how legit an investment program seems, it could still go wrong. To be on the safer side and save myself more worries, I take every fund invested as charity with the hope of returns when possible.
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I do wish we could say for sure that some cryptocurrency are backed with gold. Most of the projects that make us to believe that they are backed by gold are not for real. Its only a deceptive tactics that is channelled on giving the project a good view in the eyes of the public and potential investors.
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It's an obvious fact that scam projects may be impossible to eliminate, our focus should be on reducing their impact on the cryptocurrency space. Bounty hunters may not be in the best position for detection of scam projects, this is because bounty hunters are in most cases the victims of this project.
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I don't think binance coin achieving $23 is a big deal. The coin rose to over $30 this year and we all know that the bearish trend is affecting almost all the cryptocurrency. In the bull run, binance coin could even surpass the targeted amount of $23.
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I actually thought that bounty hunting in 2019 does not pay off your effort, I personally made good reward in 2017 and 2018 and quit in 2019.
However, with your statement, I feel like I will start my eagerness to gamble on bounty again, you are right with your analysis, we might failed in scam bounty but we can still choose few which could give a great reward.
Bounty hunting in my opinion is based on luck and chance. One cannot be certain of which projects reward would pay off. We all know that most new project find it very difficult in their initial year and that explains why carrying out bounty for new projects could be less rewarding, if the project is faced with the challenge of startups. |
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The list of scam airdrop is getting updated by the day, which gives newbies a wrong impression that the cryptocurrency industry is a hub for Scammers and scam projects. I feel disappointed when I get to know that some of the airdrops which I participated in turns out to be a scam after working so hard distributing my referral links.
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I deposited 1246 AEN tokens on Latoken, while i copy the deposit address i saw that the minimum deposit is 150, after waiting for 3hrs and the coin didn't deposit in the wallet, i decided to ask for help in their tg group, the admin said while i was despositing the minimum deposit was increased to 1800 and after i finished they reduced minimum back to 150. I was amazed to hear this scamming statement.
This statement seems unbelievable and crazy. There should be some mix up somewhere. How could the minimum deposit change within seconds. The exchange Admin doesn't seem to know the issue and should have escalated the issue. Atimes the telegram Admin of some exchange tends to be very difficult and that could be as a result of ignorance on their part. |
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Lets all get used to this present bounty condition, forget about the past, the more you are expecting bounties to be like what we have seen in the past the more you will feel like quitting, once upon a time there are not too many scam projects in crypto space but after the All time High skyrocketing of crypto it became a target for scammers so right now you have to do the hardwork to make gains, no more easy money making for now at least, get used to it and adjust as you go because money was never meant to be made the easy way, till date there are many successful bounties yet upon all the bad projects mixing with the few good ones.
The present situation of things is that one has to work twice as hard to earn from bounties and even at that, the amount to be earned is not certain. This makes bounty hunting one of the most difficult jobs to do presently. The only assurance we get is that there's a possibility of getting a better project whose reward would compensate for the several wasted effort. |
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