We all know that most centralized exchanges with huge user base usually demand outrageous amounts from projects for listing their coin or token. There is a saying that "cut your coat according to your size", hence if the funds raised during token sale is not so huge, there is no need to first list on exchanges demanding gigantic amounts. There are other decent exchanges with good trading volume and other cool features having reduced listing fee. Projects which didn't raise very big amounts can begin with such exchanges with fair listing fees.
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It's only normal for crypto enthusiasts to be careful while investing in new projects, since many have scammed without fulfilling what they promised on the whitepaper. The bad aspect is when people who don't even bother to do research before they label a project scam for no reason. ZEUX was labelled scam when it launched but today it's one of the cool new projects in crypto space. Let's learn to do proper due diligence before drawing conclusions about new projects being scam or not. Bad information might ruin the future prospects of a decent project.
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I also wish scam projects using ETH blockchain should be labeled scam by Ethereum foundation but that's a herculean task, they have other very important things to do than investigations of this nature. I really think your suggestion is not stupid, but valid. Too many scam projects sprout from ERC20 developers, they abuse the Ethereum open source blockchain. If permission is obtained before a developer will have access to develop a token on ETH blockchain, it will be best. Some wallet developers like IMTOKEN are already labeling scam tokens scam by adding a skull 💀 icon against the token.
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I really like the points buttressed here about features a true crypto must posses, especially solid and diverse use cases. From all the points, I think this is the best and others are ideal. Best in the sense that if a project sort for development that will boost adoption of its coin maybe linked to their product, it will give investors more reasons to hold for long term hence preventing sudden massive dump. Talking about self-funding of project development mentioned here, I don't see anything wrong with crowd-funding unless it's done with bad intentions. Nobody knows the cryptocurrency that will be the "messiah" in the long run, for now we only presume.
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I don't really believe in numbers but quality. More and more clueless exchange projects keep sprouting and adding up to existing exchanges without any revamped changes. I think we should patronize only exchanges with all-in-one required features which gives traders reasons to trade on them.
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The big question is, how many projects have working products in real life? Most just have products which are yet to be adopted, and nowadays all developers still have great concern for price of their coin which is not bad entirely. Development of solid product is cool, adoption is another hard nut to crack. I really wish well for team members doing everything possible to attain their project aim, without focusing too much on bull run or bear market speculations.
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A friend of mine lost 1.5 BTC early this year when he downloaded and sent his bitcoin to a fake wallet with fake reviews on PlayStore. Never use new wallets unless you are 100% sure of its legitimacy. No matter how cool the wallet looks like, you never know the intention or purpose for creating the wallet.
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You actually made a mistake by importing your private key to a DEX. What I normally do is to create a wallet on the DEX and send the tokens I want to trade to it plus little ETH as gas fee or I'll use Metamask to connect to the DEX. Just forget about the ETH, it's gone so move on already.
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My favorite coin will always remain bitcoin since for me it portrays true decentralisation unlike many top altcoins which have high level of centralization. I also think holding BTC long term will be better because most altcoins will be dead in future. For altcoins, my favorite is BNB because CZ and his team have been working endlessly to ensure the project development pushes on. There have been many new additional features to Binance if you noticed, including margin trading and Binance futures. Also, BNB transactions are super fast hence if enterprises sort for a reliable blockchain, Binance chain might be a very decent pick.
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This is a candid advise which is so true, most altcoins won't have a functional project in years to come. Some altcoins I held for long turned valueless and that was a great lesson learnt. Now before I hold an altcoin, I make sure the project development is extremely cool, if not I bounce. Presently I'm holding just 3 altcoins with BTC taking 70% of my portfolio.
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I will choose ETH over and over again because many projects depend on ETH blockchain hence it's relevance. Also, ETH foundation has been doing everything possible to revamp ETHEREUM blockchain architecture, reason why ETH 2.0 upgrade will be launched (a move from POW to POS consensus algorithm). Let's see what the future holds for both (ETH and LTC) anyway, this is just my opinion.
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If your ranking system is based on how awesome the project is, then BTC is king, next is ETH like you mentioned and then others will be based on personal opinion. My third will be LTC, then next is EOS and XLM. My ranking is based on project development and what I look out for in a good project. If based on market capitalization, then use coinmarketcap, its that simple.
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Prior to this OKEX delisting news, there has been concerns about privacy coins recently. The authorities are highly against privacy coins because transactions can't be traced. I'm not really a big fan of privacy coins since I'm not holding any for long term, I did hold monero but sold off my bags when these concerns became serious. OKEX delisting privacy coins this way will definitely not tell good on their prices, but let's see how it goes anyway.
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By "shit developers" I presume you mean developers who are inexperienced, who do not care about project development, who misuse funds, who do not follow roadmap, who have no plans to add value to their coins etc. Well, it's true that most projects fail because of such "shit developers" but publishing names on this forum as suggested doesn't curb the issue. Do you know that some developers are impostors with fake profiles? So you might publish a false profile on this forum if we go by your suggestion, just saying.
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Why is it that so many crypto enthusiasts believe that 2020 will have great impact in crypto since next halving will occur by then? I think the halving will only increase price of BTC rapidly for a short period of time especially before it occurs, but is definitely not the year to know whether altcoins will strive or not. Altcoins without project development won't do well even when people move funds to altcoins after the halving. So I don't think next year will determine the fate of altcoins.
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Creating a coin or token is not an issue, the issue is the purpose for creating the token and also the team involved in the project. You want to create your own crypto, do you already have laid down plans on how the project will be? What are your objectives? Do you already have a team to work with or it's one-man business? All these questions need to be answered correctly before you even venture into such.
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I'm very familiar and have used Binance, Kucoin, Coinbase, Bitmex but it's my first time to hear of HBDEX. well, the features mentioned about HBDEX are really awesome, good thing you placed it at top since nowadays we should be encouraging more revamped decentralized exchanges. I think HUOBI, OKEX and BITMAX are missing from your list, they are really cool. Till date my best exchange remains Binance since it has almost everything I look out for in an exchange and still improving.
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Most new projects die because the team lacks strategy and experience in carrying on with the project vision. For instance, a project about finance needs someone who has been in the finance sector for sometime and hence has acquired good experience and expertise. Some team members just pay good developers to come up with great MVP but will never achieve the product, not to talk of using it in the actual sense. Some do not follow roadmap which is essential. Starting a project is one thing, managing it is another thing.
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I've actually used both shapeshift and changelly to exchange big amounts. But in your own case, it actually depends on how big the amount is, for super large amounts, please use highly reputable exchanges like Binance, OKEX, HUOBI, KUCOIN with huge trading volumes and quick withdrawal.
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Everyone has his or her regrets in crypto space, at least we learn from them but can't change what happened since it's past already. I sold 30 ETH at a miserable price in the past, that keeps hurting me when I remember it. I later bought ETH at 400$ and didn't sell when it touched 1000$.
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