I will not be the person you are seeking for advice and sharing trading experience as I do not have so much long history of crypto trading. I just started trading four months ago, but suffered a loss without trading knowledge. However, I have bought some coins some three years ago, which I have been holding without trading. But what I can say about trading is trading is very much profitable that holding. If you trade coins well, it will give you much profits.
|
|
|
You have raised a burning issue to be addressed at the earliest. Yes there is no doubt that there are scammers in the crypto market, affecting traders, bounty hunters and even genuine projects. Apart from authorities, we bounty hunters and traders can make some efforts in checking it. For instance, if we notice some scams we must be active and report. Likewise, bounty managers are more aware of scams. So they can also play their role. We we become active, we need not to depend on luck. Our hard work will pay off.
|
|
|
I think there is no point in offering the service of allowing traders to purchase tokens in multiple currencies like ethereum, bitcoin, litecoin, ripple. As any coins can easily be converted into ethereum and bitcoin, traders can do so without any hassle. But it is up to owners of a project to make their own rule. Most of the projects accept either ethereum or bitcoin in payment so far. I think good project will grow over time. There is no need to put extra makeup.
|
|
|
Maybe STO will take the place of ICO and investors will breath a sigh of relief of their fear that they maybe scammed in the name of ICO. People say that STO will give investment security. I cannot say anything about it. Time will say everything. But nowadays there is a trend of collecting funds and running away in the name of ICO, which has affected the genuine projects. Strict regulations must be in place to end such trend for the betterment of the entire crypto market.
|
|
|
Satoshi was and is anonymous and so is his idea. If we go by the principle of Satoshi, our identity is not exposed when we transact. But lately, KYC has almost become necessary for clients to get rewards or trade. Why this sort of identity is necessary? But over time, the market is expanded and widened over time. And maybe so is the principle of cryptocurrency, making it mandatory for KYC information. Lets hope for better of cryptocurrency.
|
|
|
Some projects have their own norms and rules. So they lock bounty rewards in a bid to prevent prices of their projects falling right after hitting exchanges. They do so just because they think that they are bounty hunters who promote fall in the price of their projects just after exchange listing. But I think it is not the matter. If one has a good project, it will grow over time no matter bounty hunters sell off their rewards right after exchange listing.
|
|
|
Reading crypto-related news on a daily basis will make one updated about day-to-day crypto-related happenings. If one wishes for crypto knowledge and trading skills, reading news related to crypto is an essential part. It will also save traders and bounty hunters from getting cheated and suffering losses. In my case, I do read news related to crypto on a daily basis. I also recommend to others enthusiasts about cryptocurrency following crypto news daily.
|
|
|
Indeed good news for the whole crypto community including traders and bounty hunters. Despite difficulties and troubles on its way, cryptocurrency is moving ahead overcoming such obstacles. Going by the history, any invention that has good purpose and is to make changes in the lives of the whole people has to do much struggles to exist and win. Cryptocurrency is also in the same situation now. However, it is being accepted gradually by the whole world.
|
|
|
Good ways to console traders suffering a great deal of loss and suggestions to newcomers. But my idea to cut losses is a bit different. Instead of investing in old coins, I am always curious to invest in new arrivals so as to get more benefits. The reason-old coins cannot increase vertically in price, but new coins that have just hit the market will increase in price by multiple times, which can give you more profit if you have trading skills.
|
|
|
Sad thing bounty hunters are going through in cryptocurrency bounty campaigns. It feels your all hard earned money is gone in a natural disaster when a bounty hunter goes through the similar situation. But the happy side of bounty campaign is that good projects are not like that. Good projects will pay good amount to their team members like bounty hunters and they have potentiality to grow in the market. So the first thing for bounty hunters before going for bounty campaign is choose a good project.
|
|
|
The market has now many good and potential coins. Forget about old and established coins that have some similar goals and technology. Seek some new coins that have some unique ideas and technology. One of them is Miracle tele. I am not promoting it just because I am a part of it as a bounty hunter. Look at its website and its unique idea to benefit the customers and you will know it yourself.
|
|
|
Greed is always a hindrance to progress and development. This will apply not only to cryptocurrency, but all life of human beings. People want to get more when they get something. In cryptocurrency, traders want to make more profits when they get a certain portion of profit. And such tendency of wanting more will lead to more loss. I have faced similar situation in my crypto life. However, I am learning knowledge about trading.
|
|
|
The sad aspect of a coin is that it will decrease in price after hitting exchanges. What are the factors behind it? But after some research, I have arrived at a conclusion that it does not matter whether price of a coin falls following exchange listing, but what is the fact is that a good coin will increase over time. There are many instances. Like ethereum. The coin also went through the same situation. So good always wins over bad.
|
|
|
Why do you think so? one always expects good returns on his or her investment and it is the rule of economy. People invest in cryptocurrency in hopes of getting more returns and most of the time they do not care about what is technology the project is adopting. So I think price is everything for a investor. And in general I also think so. I invest in cryptocurrency with the primary goal of reaping benefit.
|
|
|
Yes it will be a wise idea to live a practical life rather than living in a fantasy life. People involving in cryptocurrency often engage themselves in a dream world where they dream of earning as much money as they can in a short period of time and become riches overnight. But the sad thing of this market is this thing will never happen in a short period. It takes time for a project to grow and give you benefits. So try to content with whatever benefit you have got from your coins.
|
|
|
As the market is still on the decline with most of the coins going down in prices to their maximum level, I am ready to buy coins and add to my portfolios. I prefer adding some news coins to my holdings. Besides I thing amassing as much good coins as I can will give me much profits in the days to come when coins rise in prices. And the market has already shown indication that the market is gaining surge in the days to come.
|
|
|
So far I have found the best and reliable ways to earn coins without investment and mining is bounty campaigns and airdrops. Among the two, I like bounty campaign very much. Lets talk about signature campaign where you can earn much stakes as compared to other campaigns. Mostly under signature campaign, stake allocation percentage is large. And I also love to talk about cryptocurrency with the community.
|
|
|
We have risks in each and every step. So I think without taking risks you cannot get that much success. You may lead a normal life without taking risks. There are success and opportunities in the things that involve risks. Talking about cryptocurrency, there are risks in the sector too. But if you manage the risks, you will get to a success. It means if you take risks at right time and right place, it will lead you to a success. So get crypto knowledge beforehand.
|
|
|
The best and safest way to amassing coins is bounty campaign and airdrop. You do not need to invest your money to collect coins under these campaigns. You are given some percent of rewards for your contribution to a project. So you may be cheated by not giving your rewards. But that will not be that much pain that losing your investment. Another good way to earn money is day-to-day trading.
|
|
|
The decision to convert all coins you have to BTC is not a good idea I think. As new coins with much potentiality are coming in the market, why you are always obsessed with bitcoin. I do not mean bitcoin is not a good coin. It is good enough coin. But you should explore other coins that may give you much benefits in a shorter period, while holding some portion of bitcoin. Be open minded.
|
|
|
|