The upward and downward movement of bitcoin and perhaps other good altcoins, is an opportunity to trade to make profits. At this period, it is much easier to make huge profit, because the trend is obvious and almost the same. At about this time, the coins are going uptrend again and this might continue for some more days before there will be another plunge. Although, you should not take this as an advice to invest. Do your own research before investing.
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Altcoin needs to posses some amazing features to make them relevant in the Crypto world, alot of altcoins have failed coz they lack some amazing potentials. As an investor, what are the features you look for before investing in an altcoin?
There is nothing as amazing as seeing a coin perform the function for which it has been created. If this is achieved, it will make it to have good value, which also means that there will be price increase and such coin will not be a pump and dump coin. This also shows how serious the team is about the task before them. This will increase the investors' trust and confidence in them.
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The advent of IEO was as though the saviour to many, from scam projects. Yes, IEOs at the very start were all successful, until some shitty exchanges started lunching theirs. Well, I am not surprised at the turnout of results on some of the exchanges and you should definitely know that, some people would have invested in them. They are the ones we see complaining today and the worst part of it is that, some of them may not see the price at which they were sold during the fundraising period.
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Not all forms of buybacks are well strategize, which then means they may not have real effect or influence in the price and value of the coin. Some projects that acclaim to be be doing buyback, are only doing it for few set of people, sometimes one unreal person might end up getting the price, on an exchange with very low volume, which practically means that trading will never be effective on such. Also, if there will be a buyback for any coin, the project should have a product. Even if the product is not fully ready or that are still some developments yet to be done on it, it should at least be a minimum viable product. In addition, a buyback should be accompanied by a serious marketing, so as to involve so many traders and investors.
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Whenever you are doing research on a project, it cuts across all areas, including the team. Even while carrying out research on the team, the focus of some people is if the team is real or not, by looking at their claimed identity through KYC. Yes, they might reveal their true identity, that does not mean they can effectively manage the project and the funds collected. Mismanagement, can there leas to the failure of a project, where the team uses the fund on unnecessary things, while the development of product is lagging. Also, a professional team will not only focus on product, as the norms of some are, the market (price and marketing) is very important. Which entails maintaining a particular level of price and ensuring there is volume.
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Despite the restriction by some countries, there are still citizens of those countries who invest in cryptocurrency. Although, if they are to come out openly that they invest in crypto, there must be approval, so as to become accredited investors or VC private investors. Also, some of them can still have their ways around it, perhaps by staying put with their friends from other countries, who might help them in purchasing any coin of their interest while selling might be an easy process, depending on the exchange the coin is listed. There are citizens of countries like US and China, who have dual citizenship. Such people have might decide to use the documents for any of the country they belong to, that does not have such restriction for the investment.
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If newbies want to use any ERC20 token, I will not recommended MyEtherWallet for them, because they might not know how to be careful with it. However, to be on a safer side, it will be better they make use of wallets, such as, Metamast, Imtoken, Trust wallet (although not only for ERC20 tokens. Imtoken these days also allow that coins on other blockchains, such as, bitcoin and EOS to be stored on it. So it is not just about how safe these wallets are, but also that they serve other multifunction. Perhaps, the OP might want to include how to use other safe wallets and not only MEW. That will enable those who are just knowing about that for the first time, to be have so many options to choose from. However, I still commend you for the well written writeup. More of such will be needed and appreciated. Also, Publish0x is presenting itself to be useful these days.
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Looking at a project from afar or superficially is quite different quite different from taking a critical look at it. Such critical look entails that you do an around and dip study of it. The reasons I feel people judge projects by the way they look are: - The number community. For instance, almost every project communicate with their community through telegram. So, when there are not up to a thousand on telegram, they might feel it is not a good project and by so doing neglect it. A lot of projects today with thousands of member of telegram and have few real and active members and most others are just bots or bounty hunters who are only after the rewards in tokens. I have seen projects with few member, yet are doing wonderfully well. - When white paper is not voluminous. This is a typical mistake from people. White paper can be just 2 to 3 pages, yet the project might be the best among those lunched at that time.
There are so many reasons, but these are what time will permit me to state.
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This present time is for bitcoin investors. Nonetheless, if anyone decides to sell off his altcoins, most especially the good ones, you never can tell when altcoins will begin their journey to the top, so that might make you to miss out of the crucial moment of altcoins uptrend. Also, investing or trading on bitcoin may not guarantee you your profit, because bitcoin's price itself is not stable. Today it is up and tomorrow it is down. Therefore, this instability might be risky for whoever is not a pro in trading. Sometimes, I also wished I could just sell my altcoins and invest in bitcoin, but my experience so far in the crypto space, as regards trading and investment, will not allow me to venture into such. Patience is highly important and only those who are patient and do not get agitated with happenings in the crypto space, will succeed with altcoins investment.
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@OP, you do not need to do that to show you are rendering your service to the project whose signature you are wearing. You can simply make a normal useful post and everyone will notice you are wearing the signature of a particular project. However, the project is one of those I like.
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If the team have decided to choose telegram, that might be their style or the service they are able to afford continuously, but you can as well make suggestion to them or try to render the service, by informing them about your intention. If they want it, they will allow you to do it. ANN bitcointalk thread is just a means of announcing the project and interacting or relating with people who want to know about the project. Peradventure there is no one who wants to know about the project or does not find it interesting at all, most especially on this forum, then such thread will lack traffic, which invariably means no activity. In addition, when there is no development on project, there won't be any update, except the team want to fabricate something.
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~
You have only made your own suggestions, which may not likely work as predicted. I know CNN at least to an extend, but I do not see any reason why I should hold it, but perhaps if you tell me a good and convincing reason, I may decide to hold it. However, there are other coins that have better potential than those mentioned or suggested. Shitcoins constitute the highest number of coins in the crypto space. Which means there are so many arrays of coins to choose from. They can make you profits and some of them have pumped so well in the past, but their dump is not usually friendly. I invested in HAT (Hawala) some times ago. This coin pumped so well and traded as much as $24 per coin, however, it dumped below $1 and today, it is no more in existence. So be careful of shitcoins.
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Exchanges need the charges or funds from those fees for some developments. For instance, some exchanges use the fees to pay dividends to those who stake their assets on those exchanges. Some also use the funds from the fees to maintain the exchange site and to pay their staff. Except for some exchanges that have other alternatives or other means of funding. If you feel you are being charged at exorbitant rate, which of course is the custom of some exchanges, you cab trade of exchanges that demand less. Although, if you are an investor or into bounty, you might have no choice than to trade on exchanges where the coins are listed, except you want to wait for listing on the exchange of your choice. Traders can still decide not to trade on certain exchanges, only if they feel they have the fund.
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I have not yet believed this news, because anyone can just come up with some KYC documents and begin to claim that they were gotten from the place that is not. All the same, exchanges, most especially the big ones like Binance, need to tighten up on their security, because a lot of people and most especially lives depend on them. One of the things I have always thought of is that, if Binance gets hacked again, then which other exchange is safe in terms of security? Little do I wonder that some exchanges, just because they cannot provide sophisticated tech for strong security, they decided to do their withdrawal and deposit with manual payment and confirmation. Although, the process is slow, but it is faster.
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#Proof of authentication post
Campaign: Content Telegram username: @syntaxo
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#Proof of authentification: Bitcointalk username: Denreal Telegram user name: @syntaxo
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Exchange projects are good ones, most especially when it comes to cryptocurrency investment and trading. Considering the challenges that we have have had or that we are having with some exchanges, part of which is the issue of security of funds, i would like to know how your team intend to solve this.
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