Use your common sense, if someone did know that, they would become the next richest person in the world. But very few people have been able to predict things, most of the predictions come in after something starts.

Most of the cases start with the owners hyping out their own coins. This is taken up by many naive newbies and they add to the hype even more.

Buzzwords are very common in the economic sector and social media. At one time blockchain was the buzzword - you might remember the terms Cloud Computing, Machine Learning and so on. With advancement maybe these things will rise in future but nobody really knows which one will in reality take off or if you may live long enough to see it take off.

It is better to not dawdle in such stuff, often the hype is fake and worthless. On the other hand, investing in bitcoin is always a good option and an easy to make decision.

No bro, you are getting it wrong. If you regulate the system the problem of money grabbing second hand scum projects will reduce. Sure the government might want some developers making projects in tune to their needs but that is better than ton of scam projects ruining the name of crypto all over the globe.

It will be for the good only. You have to understand that every government wants its users to innovate and develop new things, that is how the countries are able to grow and that is how the government pitches itself in front of the world stage in order to make a name there. It is a part of the democratic politics, you will understand if you look at it from a broader perspective.

And it does not mean forcing people to do something - that is not democracy. Rather it is make sure that project that have no value are keep weeded out from the mainstream. Of course this leads to scam projects going for niche populations who dont follow this, but very soon they also understand whom to trust and they shun such projects too. You can compare this with the scams that run in a country's underbelly while the legit projects only run in the light.

I would not use the term "lose" - you dont lose money when you buy at the wrong time. Sure you are in a position that if sold will lead to a considerable loss but only if you sell at that point. You can instead hold that position for a longer period when eventually the market might come back up and you can sell at profit. Not considering this means not considering patience and patience is one of the key skills that every trader must have.

If you dont get manipulated into crypto by celebs then that would be even better and the above situation would be much less likely. What I mean to say is that if you make a mistake, you should learn from it, dont leave the market because that is what the celebs want - they want you to sell at loss and exit so they can buy. Dont give them that chance.

Also dont consider putting all your money into crypto - that is a stubborn decision. Have failsafes, have backhauls in fiat market and you should be able to do fine even with big names making big comments to move the market.

By not getting in DeFi, NFT and other such hype machined entities. The reason why people never make money is simple but everyone fails to accept it. If someone is putting their money in a concept that has no long term value in terms of market making then the project will be failing and the ones who will get rich are the ones mongering it.

I have been seeing the same cycle on and on - and the people who run them want to promote them because it allows them to make money scamming some newbies who are hyped into the market. First came vaporware coins and then ICOs and then the variants of ICO and now these.

Some of you might still be in denial about this - which is normal. It is not my job to teach you, but you will understand with time.

A better option is not to diversify inside crypto. For a diligent investor, the only crypto one should know is bitcoin. If you need to diversify - do it outside crypto, not inside, meaning diversify into fiat markets like stocks, commodities real estate and so on. But dont spend your precious earning on buying shitcoins.

That is more a choice on what people want to use. Most people in the world want to be able to use something or look for uses that is not already found in the existing system. Does bitcoin have any? yes and that is why it has made its place in the economy. Tech things are not that important to people are not involved in it. Looking from a perspective of a common non-techsaavy user you will also comprehend this.

That is also the reason why some people get fooled into buying shitcoins. I do agree that most people using bitcoin should have a basic understanding of the tech behind it but that is not necessary for everyone to be able to "use" it.

Definitely a bitcoin based business should take into account to train its employees to understand how to run the PoS machines if in future Bitcoin PoS machines come into existence. But all these "training" and all take the backseat once the flow starts, which you would also agree on.

Good thinking. The altcoins follow the bitcoin bull/bear trend and they dont last high for long enough when bitcoin becomes a bit stagnant or sideways. So that would be the time to sell altcoins and cash it out for the time being.

Stubbornly holding altcoins is a wrong step, but as we know many newbies tend to do this and then get frustrated over their wrong decision in the bear market. Because the bull/bear cycles have a long stagnant interval in between in crypto, therefore cycling your money at the top becomes important to keep the cycle of anxiety and despair at bay for traders.

Too early to say that. Bitcoin is facing resistance at 50k USD and it is crashing back to 47k USD everytime, meaning there is a big selling pressure at that price. If this continues altcoins will not rise quickly.

Something that is censorship-resistant cannot "end" unless people stop using it completely.

Take some free advice and accept that the "other" crypto that are out there namely altcoins are useless as an investment for the long term. If you are willing to throw away free cash to moneygrabbers and fund their yacht parties then by all means do so, but giving money to a beggar sounds better.

In all cases even if bitcoin price is high you can buy smaller fractions of it. You dont have to buy 1BTC all the time. That is insane at this price.

You will not experience loss unless you sell, you would still be owning that very amount of coins that you have bought, what decreased is the price in fiat for selling that many coins. Important thing here again is that if those coins are bitcoin, you can very well hold and you will see rise in future. But that cannot be said with emphasis when it comes to altcoins.

DeFi Lending pools do exist and privately run p2p lenders also exist. Of course we have our own Lending section in this forum to use as prototype example of how lending can be done in the context of cryptocurrency.

However, the fact still remains for collateral and trust. These things are lacking in crypto. Collateral specially valid ones are limited in crypto while in fiat markets, a lot more options are there.

Trust is highly lacking in this sector too added to it the anonymity or pseudoanonimity provided by crypto makes lenders even more careful about lending out their precious coins.

My take on this is that banks cannot replace crypto and neither can crypto replace banks - they are meant to work together and that is what most institutional banks are trying to do with their own take on blockchain development.

This is completely incorrect and this mistake is what scam projects have used to scam newbies. STO tokens are not securities. The SEC does not recognize and cryptocurrency as a security and therefore the term is a wrong application. I suggest you to edit this part of the OP to make sure no newbie falls prey of STOs anymore.

Although they no longer exist since SEC made its stance clear, they quickly moved to IEO and IDO.

Another big source is private funding which is unknown to most people who enter this sector but a very important factor which makes a lot of impact. It is the reason why the projects dump and never come back up again. Advisors/VCs pay to get a locked in amount of tokens that are sold at a specific time period unknown to public funding. Hence any project that you try to get into, it will end up as a failure if this period it not tide over. In most cases they cant and they go bankrupt once advisors pull out.

I think I have come across this term in this forum or somewhere. Is it like a closed community of mining enthusiasts but not real miners who pay for buying a hashpower and then sell it on a secondary market when they wish to exit? Similar concept I have seen in p2p lending sites.

In order to check if this has a market or not, I would suggest you to do some surveys and then start a free site which can have a game like interface to buy/sell hashpower. From there you can work on it or move on in case the response is poor.

Very poor because the market is filled with scams and MLM/HYIPs. Cloud mining itself is detested completely by the community because of its association with bitcoin brought in a lot of negative impact on the public image of bitcoin.

These type of predictions are difficult to say. Currently the price is having resistance towards the 50k USD mark. I am sure it will cross but then 60k USD or before that will face resistance. Therefore being able to see the first sights of 65k+ USD this year might not be possible.

Indeed if you want to sell at 100k then it will be long term decision for now. Nobody can predict when it will be reached but everyone is hopeful. You can set your targets lower and be able to recycle the money at a lower target for now like 60k - someone might call this as "scared" but it is a logical and calculated step. There is nothing wrong in using your own wits to manage your funds.

The correct term is buying an altcoin that is a shitcoin. You are not losing money but you are moving to an asset that is way less worthy than bitcoin. Of course that should not be done, but try telling that to the altcoin shills who dont know that bagholders only manipulate them for their own gains.

Firstly do remove the phone number, this is a public forum and such information should not be posted directly.

Secondly, I think you have done what you can possibly do in such situations. Reporting to the local police is what you can do and beyond that is not in your control. Keeping aside the reality that it will do no help at all, sadly.

Very less likely to find such a case, if the person is a fraudster, you will probably have been the first person being scammed because they never re-use names or accounts.

All I have to say is that when you are trading in amounts as big as half a lac, why not use an escrow? It is a simple measure and keeps you safe. Do remember that coins once sent are gone forever, they are no longer your coins. Hence in future do not make this mistake.

Sadly there is nothing more to do here. The account being flagged also seems to spew a lot of delusional posts in the their last posts, clearly showing that they have no intention to run the project in a legitimate manner.

Who is to blame for this? I would say every person who believe in such projects. If they are spending time on such a project making is popular on social media, writing articles (the other bounty campaign) then one must have a reason to back their beliefs. Problem is that most hunters just join in because it is free and attempt a zero sum gamble.

Have supported the flag but this will never bring back the time and effort the bounty hunters had put in and I doubt if majority of hunters even understand clearly what a flag is here.

---

I think if @TheAndy500 would also add in their comments about this, it would be good for the community. I have seen more than one bounty being done, but I would like to hear what the previous manager had been through. But they have been offline for sometime now.

Job risks come with the job. The point is that many people are not suited for the job but end up getting into that. Very common in some countries where the average income is low.

Trading should not be compared to a job. It is a speculative activity which can have a large gain/loss. It carries risks and every trader should know this before they start trading. Just because someone bought some bitcoin does not mean they should start trading on that. There are methods to not trade but still make money in the long run like holding or investing the money in a business (Ideally).

If someone feels they should stop trading, probably they should. A short break can often work wonders and sometimes one needs to introspect whether their choices have been correct or not. I dont day trade, so I dont end up with such losses.

Moreover the term "lose money" is only half truth. In crypto trading, spot trading specifically, you exchange one coin to another and not lose the money - the bought coin might fluctuate in price but you have not lost the capital money. But in margin trading yes, the chance of losing money is quite common because that is nothing but betting on long/short.

I took part in a project called Viuly, some years back. The concept was good but the funding became a problem I think. It was to become a crypto-backed version of youtube. They were unable to get the website started and then the project was asking for donations and then abandoned.

Now we cannot conclusively call the project as dead or abandoned - one day the developers might come up with a new plan but the token is dead long back. I have several of those I got from the bounty and did not sell them at their ATH and now I dont have any use for it.

Forget and move on. Accept that the project is not coming back and any money or time invested in it is lost. Lesson learnt is that one should stop investing in altcoins but focus on bitcoin only.

The bottom line is that curiosity kills the cat.

Junks tokens being sent to wallets is a common thing, I have some in my ethereum wallet when I took part in a bunch of bounty campaigns and then once I stopped from then on, there has been no such sendings. If you just ignore those you should be fine.

The problem happens with the bounty hunters. Since they are often delayed in payment, getting a sudden increase in tokens by some fake token piques their interest because they were hoping to get the payment from some bounty.

Other than that, one cannot send a token to hack your wallet - if that would happen then all the big bagholders of TRON and ETH would be in trouble.

Taken in account the sheer hype that surrounds NFTs and similar extremely speculative stuff, the risk management of such a fund is not going to be a piece of cake. If it was only for bitcoin, then the risk may be less.

Why would someone trust such a fund? If someone wants to buy NFTs they should do it on their own. Then they would have the freedom of selling it whenever they wish, thereby reducing the risk that such assets face. Face it, NFTs are short term high gain stuff, they are not for long term.

This would also need backing from governments, a problem of taxation also would exist - if they are selling assets. Quite a lot of problems to deal with. I dont see any "startup" taking such a bold step.

On the other hand, ETFs seem to be getting a renewed attention again.

Phishing site and making it look like the current trending thing in crypto, classic method to scam newbies and it works too, sadly. Not only newbies but older people who are less tech savvy will fall for this, not all but a large chunk.

Any site asking you to give your private key, for whatever damn reason - this is the biggest ever red flag possible. There is no excuse to this that the said site would be a scam. Giving away your private keys is like giving complete access to your assets. The person running it will be spending those coins away. For anyone reading this and still wants to do this, please read a bit on how you can secure your coins and avoid getting scammed.

There is nothing called "Best" indicator. You have to learn how to read them and interpret them.

Perhaps you are new to the market, you should start with reading charts and see if you can understand trends from them trying to relate with news. Then try to identify support and resistance levels. Along with that read the indicators but TA is best done on your own. Dont let someone else's bias change your opinion. After all TA is a pseudoscience and only 50-50 correct.

Dummy trading is the best way to start trading. Dont go looking for "best" - you will be fooled into wasting your money by many scammers who are using this term for fake signals.

If you read carefully without blinding yourself with the past bias, you will see that my post is logical and has some reason behind it. The facts I said about poor people are true and there is no denying that. Bitcoin is not the thing to help them, in fact nobody can really help them unless their own governments start a long term approach on it.

Now, I dont see where I made similarities with HYIP and Ponzi like back in 2010 - yes altcoins are comparable to them, but not bitcoin.

Dont think that this is time period is the 2010 of altcoins. Have seen enough to understand that niche projects that start with crypto backing trying to compete mainstream market and having zero market making capability is a declared failure.

The trend is very much prominent with Vaporware Altcoins>ICO>IEO>STO>IEO>Initial Blah blah whatever>DeFi>NFT>P2E... and the cycle continues. Poor people should stay away from these and focus on bitcoin if they can afford it.