No doubt the altcoin market has been a troubled one for the most part. Many have been burnt and more are still been burnt, in spite of all these, something good can still be made from this current market, it doesn't have to be thousands of dollars. I believe picking some good coins and consistently trading them can at least guarantee some returns. For example: Energi, IDEX token and some others have been a good trade. We need not trade all the market, we may choose to pick just 3 coins and trade the market respectfully without being greedy.
Having a determined and a consistence winning strategy is important to making a profit in a troubled market.
I will love to hear the strategy you have been using to make money in this current market.
I've studied the market pattern (price movement) for a few coins and I've been trading them with little profit. It works for me, at least I win 70% of my trades since I don't usually aim for more than 20% profit. Also with stop loss in place, I'm sure I won't lose much supposedly the trade turns out unfavorable. I also watch out for some FA and take advantage, for instance I made good profit trading CORTEX seeing their victory for Binance listing competition with AERGO. |
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Of course it is great to participate in a Bounty campaign of the project listed on top Exchange. Unfortunately, such projects are holding Bounties really seldom and they usually allocating a small pool for Bounty hunters.
Sometimes the "small pool" allocated by bounties for coins already listed on exchanges is far better than those yet to begin trading. For instance, we come across bounties yet to list with huge allocation of up to 5M$ worth their token, but at the end personal rewards tend to be messy in most cases. However for bounties with coin listed on exchange, at least you can be sure that's the actual value at that moment even if it dumps after distribution. Also, the particular exchange in which a coin is listed matters a lot, you can't expect massive price dump after distribution from a coin listed on Binance, on the other hand, if a coin is listed say on VINDAX with very poor trading volume, reward will always be messy after distribution due to price dip. |
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Which one should come first? better to get through bounty before ICO/IEO fund raising or better to run bounty while fundraising is ongoing... Suggestion need
Are you referring to the bounty hunters or the team members organising the bounty? If both cases, the two strategies are OK. For bounty hunters, if you spot a good bounty, don't wait for it to start ICO/IEO before delving in. For team members, organising bounty before and during ICO/IEO is better than organising it only before the token sale. The sole aim of bounties is either to achieve successful token sale or to make the project or its product well known if token sale has been concluded. |
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because the market or industry that is in crypto is something of future technology or future economy which at least there will be a time for crypto to become a priority, that's why i still survive here and still believe if crypto has a good future for the world economy
growth continues, so it is not surprising when there have been large increases and large decreases so far and indeed, cycles such as ups and downs will definitely happen in this market because this market also has no stable prices and at least there will be ups and downs of prices along day
Cycle of market uptrend and downtrend is inevitable since crypto by nature is highly volatile. Talking about your opinion stating "crypto has a good future for the world economy", do you really think mainstream businesses and organizations will easily adopt Bitcoin in future or will they prefer stable coins looking at volatility?. Well, the good thing is that gradually adoption is coming, let's all just be optimistic. What has been giving me courage and hope to continue being a crypto enthusiast is because aside from the little profit I make from trading and bounties, I do believe since the underlying technology (blockchain) is gaining attention and application in different sectors, there is hope for crypto. |
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Never liked Binance to begin with, and looks like things are only turning ugly for them
I'm actually confused about the news too, but what made you detest Binance according to your reply on this thread? Considering the fact that the exchange has been good with developments all round. I saw a tweet by CZ and it's contradictory to some other sources about this Shanghai office shutdown stuff. Well, for now I don't know who to believe. |
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You may see it as being harsh or cruel on the part of the big exchanges to charge high fees for listing new projects especially those that conduct IEOs. It is important to understand that the exchanges also have their reputation to protect and not just quantity of coins to be listed. If things are made flexible on binance and co, some projects would just take advantage of the situation and create more mess.
Putting ridiculous listing fee doesn't necessarily increase reputation of exchanges, they can do thorough research as usual before agreeing to list even with fair listing fees. Decentralized exchanges like IDEX which claim to list for free usually do proper research and follow up on it, hence if there are deviations from listing terms, they immediately delist the token without prior notice. I think these big exchanges ain't helping matters when it comes to listing fees, I'm not saying it should be very low so that any "Tom or Jerry" can list, I'm just in the opinion that the fee should be avergage to help and encourage good startups. |
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If i have to look back at the past of bitcoin and crypto well i'd say there is still huge hope left in future, despite all the ups and downs in the early life of bitcoin and few altcoins available back then here they are today, and now here we are with better adoption compare to the past, once upon a time it was just a single btc ATM in 2013 and now we have thousands, Adoption is slowly taking over but its hard for many to see because many are so unprepared for the down side of crypto, they only want the good side which is not a reality to me, for what so ever is going to work will have its challenges, remember that rome was not built in a day, lets fully support the technology and hopefully we will start seeing 6 figure bitcoin price in the near future..
Our major problem in crypto sprouts from us the crypto enthusiasts, general market downtrend always cause further dips because people are impatient hence panic sell. It's always very easy to say let's support the technology, while in reality majority of crypto enthusiasts are only interested in price action. Adoption is coming but in a very slow pace which is almost negligible. For instance, you mentioned crypto ATMs expanding worldwide which is very cool, but how many people make use of it at the moment? |
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Most of the time once a project get listed on a top exchanges then the price of their native tokens will increase for a short period of time especially if they hired a market maker which I think is included in top exchanges but after a few weeks or months of listing, the the price of their coin/token will gradually decrease if the team owners has no big update with the project so it's not olny about getting listed in top exchange but on how the project will perform during the next few months after the crowdfunding.
Performance of the project after token sale is extremely vital for the success of the project, this is very correct. Listing on a big exchange with huge trading volume is always a plus for the project, especially for price movement. Development progress is what maintains price of coins most times, even though it's not tenable in all situations. Take for instance, NPXS has been great with developments and also listed on top exchanges, still yet the price keeps dropping, this is so ironical. |
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You know how this is going to end. You might be trying to lie to yourself, you might be secretly hoping that some token in your "portfolio" that you have 10 million of is going to moon to $50 and make you rich, but let's be real: that is not going to happen. Even the allegedly strong altcoins like LTC or ETH or whatever is cool these days (I've been out of this game for a while) are not doing well and BTC dominance is growing. Which makes sense if you think about it. BTC can do most of what any altcoin can do and the few really useful features that BTC is missing (private transactions for example) are implemented by multiple altcoins, fragmenting their market share.
And the elephant in the room: 99% of altcoins are total garbage. They're called shitcoins for a reason.
Sell your altcoins and tokens. Take the proceeds in BTC, stick it into a cold wallet, keep some online to play around with Lightning and other things that actually matter for real-life stuff, like being able to buy something. When was the last time you were able to use for example Ethereum for something tangible, not to buy some garbage tokens or to play a game?
Do it today. Your grandkids will thank you.
I truly believe the reason why altcoins fail most times is because there are too many altcoins promising to solve the same problems or have similar use cases, as can be seen when you mention that features BTC lack are "implemented by multiple altcoins, fragmenting their market share". In as much as I agree with some points you made, I don't really think selling off all altcoin holdings will be the best solution looking at the dwindling market situation and also knowing that a few altcoins have been doing really great with project development. |
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The trading volume shows transactions that occur in trading activity in a particular section. This transaction involves buying and selling. High trading volume, can occur naturally because the tokens or coins are "in demand" to trade, some have to be boosted with bots, some are fake. Fake trading volumes are usually controlled by bots to boost sales, usually for shitcoin which is difficult to form market capacity, it is annoying to trade with this. The current price displayed is not appropriate.
Good trading volume shows demand for a token in most cases especially when it spans through a long duration, manipulated trading volumes do not really span through a long duration because the sole aim is mainly for the team or some big traders to pump and dump. In essence, I'm in the opinion that most times good trading volume signify a good token since traders won't really have interest in shit tokens, hence leading to poor demand. Looking at your write up, I wonder when exchanges can combat bot trading completely, for now there is lasting solution to this issue. |
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I think we need a little support or endorsement from the government in order to achieve mass adoption because the benefits in the education program will not be maximized if people are afraid to be involved in crypto space as their government is against in cryptocurrencies.
By support from the government, I believe you mean regulations coming to crypto. If actually the government tries to checkmate what's going on in crypto, especially new start-ups doing token sale, it will definitely reduce scam and build confidence in investors. But honestly, involving the government is like a "two edged sword" because there are some drawbacks since decentralization will be jettisoned. I really think what crypto need now is quality projects with awesome products which are scalable and more advanced than existing projects, which also abide with norms of legal authorities. Also, crypto enthusiasts should believe in the crypto vision and learn how to be patient. |
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For every bounty hunters who are tired of new bounty projects that ends up been a total garbage after they are listed on exchange pls do find yourself some time and do research on past bounty projects because the Exchange they used for IEO matters alot, that exchange is where they will list after bounty ends, i haven't seen a bounty project that get listed on Kucoin and Gate that is not profitable, in terms of good volume or even 2x+ I have learnt a lesson here again, have you? top exchange matters especially in this bear market, look at all the bounties listed on p2pb2b, exmarket etc  There is much sense in your write up, the exchange where these projects do IEO matters a lot. I remember doing SERO bounty which did IEO on Gate.io and TOKO VIP bounty which was on Kucoin spotlight, both were really successful and I benefited a lot from them. However, sometimes tokens listed on smaller exchanges for IEO still do well if the team has great vision, since they can still list on better exchanges after the IEO. |
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Very difficult, a reason Ethereum ROI peaked significantly in 2017 because it was originally created as a smart contract, focusing on an industry that we usually call today (ICO) and in a time when supply needs continue to increase dramatically, quite the opposite today where inflation move just a little. It's not as easy as that liquidity in Ethereum, maybe if trends like ICO come and approach now make ETH as the beginning of the peak again, but unfortunately there are more competitors nowadays. I hope Ethereum 2.0 can fix this.
The reason why ETH price hasn't really soared recently is because there are competitors like you mentioned. Crypto enthusiasts now diversify and focus on other projects offering similar smart contract and DAPPs features. I remember when most ICOs will launch and ERC20 token since one can easily build tokens on Ethereum blockchain. But today project like NEO, WAVES, ICON, TRON, STELLAR LUMEN, just to mention a few can serve the same purpose. I think ETH 2.0 launch will draw more attention to Ethereum with time. |
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Are token sales pulling investment still, or is it dead?
Sources to facts and stats to support opinions would be great
Just very few token sales are successful this year compared to previous years. The mishap causes by ICO scams last year really affected investors hence many are skeptical. Well, with the introduction of more revamped crowdfunding approaches, there is hope for start-ups. ICO in particular to me is dead, very few people are interested in STO, IEO on reputable exchanges still succeed and the new IMO (initial model offering) looks OK. |
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It depends on which side to approach this issue. In general, I think that there is nothing to worry about in a small commission, especially if it goes to maintain and expenditure needs for the network. Another question is when intermediaries appear, such as ATMs, cafes, shops, and the commission becomes larger and this is no longer cool.
We have to accept the fact that fees are unavoidable. Even with so called "fee-less" cryptocurrencies, you're obliged to pay a fee to the merchant or crypto exchange. The concept of a "fee-less" system only works when sending payments from one person to another. When it comes to services, you'd have to pay a fee to get it. Which is why, I believe that the model of a "fee-less" system is more of a niche than anything else. Popular cryptocurrencies like EOS and Steem would need to incentivize their Delegates/Block Producers one way or another. Otherwise, the ecosystem won't be self-sustainable after all. Despite this, I believe that "fee-less" cryptocurrencies could result beneficial to the end user over time. While merchants and businesses will still charge a commission for their services, the costs will be minimal with a "fee-less" cryptocurrency than Bitcoin itself. As long as the underlying cryptocurrency looks for way to maintain miners/delegates/block producers on the Blockchain, it should last for years to come. Time will tell us whenever a "fee-less" model for the crypto economy will have a future or not. Just my opinion  I really like the fact you pointed out that if block producers are not rewarded, the project won't be sustainable. Fee-less cryptocurrencies are the way forward looking at merchant adoption, but I think most businesses will prefer stable coins. |
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Few of my colleagues told me they quit bounty because many new projects are finding it very difficult to reach soft cap and those who manages to reach softcap ends up listing on ridiculous exchanges because of listing fee, a part of me feels like they are right because if a new project fails to aim for top exchange its game over, the question now is why promoting new projects then?
The fact that few of your colleagues quit doing bounty doesn't mean you should follow suit. In as much as we are humans and get tired of trying, especially when it comes to promoting projects which end up failing doesn't imply quiting is the best option. A wise person will do more advanced research before deciding on which bounty to jump into next. Well, it's obvious that you didn't lose hope entirely since you are still wearing a signature. There are still few new projects with great vision, which are worth promoting. |
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Yes, absolutely right, 2017 was very profitable for everyone. And at the moment, all projects are very weak and very few bring good profit. But I think that soon these difficult times will pass and all ICO, STO, IEO will again delight us with their promising projects. And I think that 2020 will be very profitable and stable for everyone.
Most projects right now do not worth investing, reason why it's essential to do all round research before deciding to invest in any. You mentioned ICO to be profitable again come 2020, I doubt if that's ever going to be possible. More sophisticated crowd funding strategies will take over, we can see from what IEO did this year, now about 90% of investors drifted to IEO on reputable exchanges. I really hope some new projects become exceptionally great because going by what's happening, most new team members are just in for the money. |
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Proof of Authentication:
Bitcointalk Username: InwardContour
UID Number From IMO Wallet: 73773
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To all newbies like myself on this forum, you never know what you are missing if you are not visiting scam accusation thread regularly on this forum, this board right here https://bitcointalk.org/index.php?board=83.0Can safe you lot of headache when you are still trying to invest on a project but you aren't sure yet whether to invest or not due to lack of solid information or You haven't decide on which bounty project to promote yet, some members are very good at detecting scam projects and from time to time they always reveal fake/scam projects on the board, make sure you seek for better info before making any decisions, seeking answers can help. This makes much sense, in fact that section of the forum helped me a great deal when I was about making a wrong investment last year. Sometimes even with personal research, you still need to see people's opinion to do more analysis. I wish everyone checks in there once in a while. Detecting scam projects might sound so easy but in the real sense not so easy, when people share ideas about some findings about a particular project, it helps one decide whether to invest or not. |
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First there is an announcement, then there is 3 year Roadmap,
extended each year with meaningless additions, fake recruiting of
employees, trade interrupts, software announcements, wallet updates, changes
quizes, games, givaways, airdrops, forks, ICOs etc, etc, etc.
I've seen several coins with great tech which is perfectly quick and secure, anonymous (or not) and safe.
They all have mobile wallets and wallets for every OS.
Despite this fact they cannot be adopted. Nobody wants to use them, there is no real need for them.
A team of good programmers could develop a blockchain which can replace banks and paper money
in a month. Another month for testing and another month for setting up nodes across the globe.
The main point behind all this is: who controlls these programmers?
Voilla. it is that easy.That is why I think all these announcements and Roadmaps are bullshit.
The major problems which make most crypto projects shady is because they lack real life use and adoption. It's also true that there are many scam projects with Roadmaps which will never be achieved, but at least very few projects are really trying to be on track. Truly it's not easy for a new tech like crypto to be adopted especially when the authorities are restricting it. Talking about fake recruitment announced on social media, many projects are guilty of this. |
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