I like the way you rant but I don't really agree that all Crypto are scam. I understand how you feel and it is quite a long time since the last time we have experienced a successful ICOs and IEOs. But still, if all crypto is a scam then why there are still investors who put their trust on different projects. It is just that some legit projects really are not that many and because of an overwhelming number of scam projects then legit ones got outnumbered.
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I don't think they will leak that information for you. I don't know of they will give it even to their investors unless you have connections. I think some part of it was for security reason and some part of it is to protect their privacy. I guess you just need to inquire to someone who was really connected to them.
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Investors needs to have interest in other for a project to survive, once investors lose interest its the end, this is why i think developers need to be serious from now onward, there will come a time that new projects won't see investors investing on their projects and its because we have had enough of crappy projects, if there is no more good ideas developers need to stop building projects
There are tons of good ideas, what we just need is the assurance to the investors that every project will not only give them huge profit but will surely give them long term investment since it will be implemented in solving a problem. That is the main reason why some projects are unsuccessful, the project was a temporary solution to a very complicated problem.
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The main reason is they want an easy money. When they heard the ROI that is very high, they were just giving away their money to temptation.
They don't even bother to do some research first. And when they got scammed then they knew that they were too greedy and hungry for money.
If you think you're smart, well, scammers might be a little bit smarter than you are.
Yes, it is greed that makes them fooled easily by scammers. These group of people or syndicate use the internet as one of the easiest platform to scam people. The users or investors are not that vigilant for these kind of people, what they are looking for is the quick-scheme offered without doing anything but have high ROI.
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The problem of fraud exists at all times and in all areas of life. The field of cryptocurrencies is a completely new area that does not yet have strict regulation by the states, and this gives more freedom for fraudulent activity. The good news is that this year the number of such unscrupulous projects has greatly decreased and there is hope that investors will return to the crypto sphere.
You are definitely right. Cryptocurrency has no regulation at all that makes it open for abuse. That is why scammers can easily scammed people without worrying for a penalty. Eventhough some were against that Crytocurrency will be regulated, we need to think about it.
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Still, I will recommend MyEtherWallet (MEW) since they are offering the simplest platform for ERC20 wallet. I am using this wallet for how many years and nothing unusual had happened. It depends on how careful was the user. The other option will be offline wallet since you are protecting a huge amount tokens or coins.
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10 years?
I doubt it. Now that Cryptocurrency have the difficulty in spreading the good news all over the world due to negative feedbacks. I guess 10 years is not enough to do the adaptation of all to Digital Currency. I am sure that there will be lots of debate and oppositions to Crypto, but I am still hoping that the acceptance to Crypto would show great possibility.
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I feel you when you say that. I have done so many bounty campaigns but it is really sad that some really don't pay or some will just show how much we earn on the spreadsheets. Some give rewards but the rewards has no value at all. But still, keep the coin for future changes. We don't know if that coin will increase its value. Just keep moving.
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I guess you are right about it. What we can do is to be positive on doing bounty, investors sees these rants that we do. Some of the bounty right now shown some good result, though some really are not. But still, we cannot say that bounties are dead since they still produces profit and successful projects.
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That was a huge percentage for a tax but I think you have to decide well, the risks are too high and you may loose your money. What if you study first the best way to manage your money, whether you invest your money in Cryptocurrency or put it on a legal business that is paying taxes. I remember that there are ways to minimize your taxes and I think that is the safest way and will give you peace of mind about anything.
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I have seen lots of scam projects and I guess we need to be more careful to be able to avoid being scammed. There are still indicator on how we can identify scam projects but still we need to we should do more research because they are really aggressive on what they do.
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You have a point but I better choose a project that is really a solution to a root problem than having a coin that offers feature which offers temporary solutions to existing problems. Innovation is really a must on all projects but all these things will never be a new one in the near future. We need a solid and competitive research team to dig deeper in identifying a root problem.
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I totally agree with you. Bitcoin plays a vital role on Cryptocurrency in every transaction but it needs support from Altcoins. Altcoins also gives a good option in diversifying your money in terms of investment. Putting your money on a single basket is not really a good idea. In terms of trading coins, some altcoins really makes Bitcoin norr profitable and vice versa.
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You are correct about investing and buying coins while the market is on red status since the prices of almost all the altcoins are low. While it is quite true, I cannot say that all new altcoins is better that old altcoins, it depends on what altcoin you are talking about. I fuess we need to check it first and do more research before we invest whether it is an old or a new altcoin.
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China will do everything to be ahead of US in all ways possible and I think they have decided to use their money to invest in Digital Adaptation. And it is obvious now especially when they have invested in Cryptocurrency more than US. We'll, if China is right about Crypto and their invested coins then it is a good decision and an advantage for them.
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I really don't think that you are still a newbie since you have joined bounty campaigns. I guess what we can do is just to advice you on how to find you way in choosing good coins.
1. DYOR - Do you own research. There are lots of thread that guides you on what are the factors to consider on choosing a good coin. 2. What are the usual pitfalls to scam projects that need to be avoided. 3. How to diversify your money, do not put your eggs on a signle basket.
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There are many ways to avoid fraudulent projects such as: 1. Please thoroughly research the project wpp to know the project details. 2. Go to social networking sites to see how your teamwork works.
I agree with these details but I think you need to conside first if the people on the team line-up are real people. Most of the time, the project team consists of people that doesn't really exists or profile that belongs to a person who have different name. You may also consider the office address if that office really exist because scam projects don't really give legit office addresses.
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There are abundant ways on the internet to learn how to trade even in Cryptocurrency. I think what you lack is a mentor who will guide you on your first steps. What can I share is that you join a support group which is focused on trading and I am sure that you will get along with them as they are doing it in actual. Happy Learning!
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In my opinion, I don't think that they should control the bounty hunters' reward. They should give them the rewards on an agreed time and let the bounty hunters do what they want to their money.
What they should be doing is finding ways on how solve the problem about insufficient funds and strengthen the project's after the campaign.
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There are thousands of altcoins listed on CMC. We had a little bit conversation between my friends. He was saying, only 30-35 altcoins can be useable in blockchain industry in future. Rest of them will be dying for sure. What do you think? What are the points to choose of a coin that might have a bright future? Only use case is the main thing or you will add other? Thanks
For sure, there will be dying altcoins in the near future but I don't want to assume a number because there are still altcoin that will surely survive. 30 to 35 is quite a little number compared to thousands of altcoins. I think one thing you have to consider on choosing good altcoin is that, since altcoins were produced due to need and solution of a certain problem. I think we need to know if that problem was already solved and still there is a need for that altcoin.
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