The statement should be "Scammers are being lazy". Scamming used to be a difficult task, it used to be a very difficult task to fool normal people. Only stupid people did fall for email scams. With the emergence of crypto currency, it's being easier for scammers to scam out people. As lazy scammer as one making a one page website are being able to lure people to send them money. Active and dedicated scammers are making fortune out of cryptocurrency.
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There are many fluid analysts who predicts death everytime the crypto decreases in price and boom on every increase, they actually make the situations difficult. Crypto is still a new economic market and a fluctuation of upto 20% a day should be considered normal as its unregulated and the market works 24/7, it would have greater fluctuation than stocks.
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As of now. Yes. ICOs as of current time are mostly populated by either a scam, just an absurd idea on someones mind, a impractical idea from a team without experience. ICOs need to have some works done before investors would believe on them. Just bringing up an website and whitepaper is not going to yield anything for now.
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I was closely watching their ICO on coinex. I knew it would be a total success. The minimum investment at that time was over 400 USD and I was holding only CET in the exchange which again is a great value utility token of the Coinex exchange, a subsidiary of Viabtc itself. I'd still be interested to buy the token in smaller amount if it went below the ICO price.
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There has been a lot of FUD recently regarding Ethereum, i.e. Vitalik Buterin leaving Ethereum and Vitalik Buterin says the death of Ethereum is imminent. People not looking for the actual source but citing FUD articles in panic. But what everyone should realize is even if both of the above statement were true, that would not have any large effect on Ethereum. It does not depend on a single person or how a single person thinks.
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There are a lot of scammers everywhere anyway. And ICOs are still one of the most profitable investment opportunity available when chosen with a little research and wit. In every business and every fields there are scammers. The only difference between real world and crypto scammers is that it is difficult to identify the scammer if they don't provide their identity.
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2014 was bad, 15 was better, 16 much more better and 17 was excellent bringing us back to bad year 18. If we believe it to be a cycle of 4 years like mostly crypto analyst talk, 2021 would be the best year for crypto holders. And again they are just analysis and should not be taken seriously.
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Scams are getting cheaper, that's all. Scammers used to getting a lot of money fall for their scam in past so they could afford better construction of Whitepaper. With the rise of number of people and projects scamming and a general awareness in investors about a good and bad project, scams are getting really cheaper.
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Yes the fall of ethereum is unavoidable but the article is all FUD. Ethereum is just a project on development is already an integral part of the crypto society, it would take other coins hundred of years to replace ethereu. Vitalik Buterin surely had imagined the fall of Ethereum but he would not have mentioned it to occur this year or anytime soon.
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We've generally seen a riser in the months of October and November and a decrease in December as people start cashing out for the festival season. But this trend is not to be taken as an exact tool for planning your investment as we have seen unpredictable circumstances in every economical sectors including Crypto in whatever past it has. But again crypto is on it's one of the lowest point and you'll have a profit whatsoever, it's just about how long you have to wait for it.
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I don't think they are to be compared as such but as a investors point of view, both are a good options. Ethereum is now the lower one in price with huge potential and a limitless supply, at least till now. BCH, better dubbed the Chinese bitcoin too has holded well and is being implemented in every services in China. For short term, I'll go with BCH while ETH for the long.
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When it comes about crypto, asian countries are the leaders. When it comes to total mining, more than 50% of hashes of almost every mineable currencies are still (at current time) mined in China. Most of the newer successful ICOs are either based on asian countries or has the largest investors from. More than 50% of total trading volume originates in East Asia based exchanges. East Asia is all into crypto than anywhere else.
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We are the early adopters but it doesn't make us the most profitable persons for holding cryptos. It increases the chances but the early coins would surely be replaced by newer and advance coins in the future making current offerings obsolete. But that's for the future, we would still have a good profit if we know when to buy and when to sell.
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With time of thoughtful and limited investments, ethereum seems to be falling behind. Bitcoin has largely solved of it's high transaction fee and delay problem while ethereum still suffers form it. While supply of Ethereum is already much higher than bitcoin and is nowhere near a fixed number. Said so, Ethereum's future would also highly depend on the success of Ethereum based token and their ICOs.
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For the moment, I have my eyes on these two coins. 1. CET - below 10 cents. There's nothing here to fail, big names, bitmain, viabtc. If they can make bitcoincash alive, they'll make CET a success. It would rise above $1 easily on next bull run. 2. ETH - Ethereum had it's worst time but in the meanwhile, it had a lot of scheduled and unscheduled upgrades and soon would bounce back to deliver at least a x5 profit.
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Crypto is solving a long standing problem in the internet. The centralization, i.e. just a single party controlling or in possession of sensitive data and value of another party or all the parties where data theft or illicit selling of personal information are common. Blockchain technology would replace the evils of Paypal, Facebook, icloud/gdrive, redefine file and data hosting and servers.
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The thing about ripple is it is not just depended and intended on banking or remittance. The developers of ripple had looked for a diverse range of field where ripple could be used as an utility. That would keep it alive even when multiple of doors are closed. Unlike most of a field centric coin, Ripple would have a longer life than most of its current rivals.
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I have too always wondered about that. Unlike other asset and cash, it's invisible and no one would be there to look for the owner. Its something like buried treasure, if you didn't properly shared where you hid it, it would be lost forever. And unlike treasures no one would able to find it by any luck. Saying so, a large amount of bitcoin and crypto are already lost by losing it's owner and it would be best to share your knowledge of funds to your immediate relatives or partners.
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Bitcoin has had rises and falls but the price is still half to how it started on January 1st. The price of bitcoin on Jan 1st 2018 was above 13K while the price now is around 6.5K. And it would take another similar bull run for it to reach the price. For a day trader, this fluctuations are very helpful in accumulating profits. The bitcoin price trend on short term is getting more and more predictable.
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There's no way they could call it a cash. And taxes and regulations are now required to save bitcoin and the cryptocurrencies as scammers, money launderers and terrorist are threatening the existence of crypto through their illicit activities. But with crypto, authorities would have a hard time tracking them around.
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