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There are so many review websites that have come up and I don't really trust them all, but there are definitely some good review websites all there who do a thorough check before putting a review of each ICO. The name of that website is icobench and I feel it is the best amongst all the review websites.
Also, listing of a coin on coinmarketcap doubles the credibility.
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At times when a company is unable to raise sufficient funds, it chooses to withdraw from the bounty.
Also, like you mentioned, a lot of projects turn out to be scams, hence, those projects get de listed.
As of today's data, there are around 2200 projects already live.
When I joined this community, there were hardly 500 projects going on during that time.
We really have come a long way.
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I'd suggest you oo go with trading any day, but given the current state of market, I don't think anyone wants to do trading.
The market has been consistently falling and has given a negative vibe throughout the market. I along with other folks are anxiously waiting for Market to bounce back. Only then we all would be able to concentrate on trading.
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If the company is genuine enough, then they usually refund back all of their investors.
But, if a company is full of scammers, they would run away with all of your money and would leave no trace behind.
This is the reason why people are always afraid to invest in ICOs. People don't want to risk their hard earned money by investing in such fraud ICOs
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It is only because of the recent news that the BTC took such a severe hit
BTC was on its way to recovery but obviously that has been hampered for now.
I strongly suggest that you continue holding on to your bitcoin and do not change your investment objectives.
Market will eventually recovery once we enter the last quarter. Keep fingers crossed and stay strong.
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That is a nice excuse of collecting shitcoins.
I am pretty sure your tokens are worthless and you have no other option but to hold them and expect a miraculous recovery like PundiX.
I know it is almost impossible for a coin to gain any sort of high value in a short term. I too have been on the receiving end of this and have suffered a lot.
My wallet too is full of shitty coins.
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No matter where you invest, diversification is the key factor.
You cannot rely on a single coin because of the volatility. You really need to limit your risk by investing in multiple coins because that would minimize your risk.
If one coin fails to perform, then the other one will make up for it.
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The best method is to never share your key with anyone. No matter how close the person is.
I usually keep two laptops. One laptop which I never take online and the other laptop which I take online often.
Most of my private keys are kept in the laptop which I never take online so that helps me prevent any kind of scammer attack.
I suggest you do that as well.
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Given the current state of market, it is more advisable to invest 50% in ICOs and the remaining in BTC.
BTC's price has not grown a lot in recent times and hence it is a good entry point for it, on the other hand, Alts too have been trading for a low price and investing in them would not hurt.
So I would say do 50-50.
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I have always been keep on DASH and IOST since the time their ICOs were launched. But, in case you are only looking for ICOs, then you can have a look at INGOT Coin.
It has been able to raise 40 Mn Dollars already from 6000+ investors. The ICO has been extended till October mid and people have really high hopes from this project.
Also, it was rated pretty well on multiple portals. So, do check it out.
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Depends on the coin that has been listed but I still prefer to use binance and bittrex over the other exchanges.
They are the best. I trust them the most. In fact the only place where I uploaded my KYC in form of passport was bittrex. Really have a lot of trust in them.
Apart from that IDEX ranks really high on my trust list.
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I'll give you an example for this. Look at connectjob on coinmarketcap. Before distributing awards to bounty hunters, it was selling at 0.05$.
Once distribution took place, price fell to 0.0045 and has remained there ever since.
Bounty hunters know that such shit coins would crash and remain there, hence they sell it immediately to get as much as they can from it.
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I was way too stupid to not invest back then. I ideally should have done more research, and had I done that, I wouldn't have been here writing posts to make an extra buck or two.
I should have invested as much as I could in BTC. But it makes no point to cry over things that are long gone. I hope my investments in new alts turn out to be fruitful eventually. That's all I can hope for right now.
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IMHO almost every air drop is a scam. I have collected so many of these shit coins that I'm tired looking at their super cheap prices. What is the fun of collecting so many of these when you can't even sell them for more than a dollar.
Mostly things that are free turn out to be scam, and things that are too ambitious are most often scams.
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I think you're wrong. The thing that matters is that with every huge pump in the price of btc, people begin losing interest in alts and start dumping them. The only way in which price of alts increase is when btc grows steadily without much turbulence.
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It depends on coin. If it is under top 500, then I prefer to hold it. If it is some other shit coin, I usually get rid of it immediately.
It is a double edged sword. No one is really happy after selling because prices vary a lot and even in you sell and coin goes to the moon, you feel terrible.
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I know a few people in Bangladesh who have still managed to trade even though the bitcoin is banned in their country.
Your best option is to move to a peer to peer exchange since you would be able to sell your cryptos for cash or bank transfer, and that would be done without coming in the eyes of the government.
There is one famous person from Bangladesh here on this forum. His name is PVA Specialist and he works with Yahoo on his campaigns. Try contacting him.
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The positive news is that India may not be shutting down the currencies. All India Mobile And Internet Association has already filed a petition against the Reserve Bank of India and thats why Supreme Court has filed a case and for which the results would be declared on July 2nd. Most of the people think that there will be amendment in the use of crypto currency rather than banning it completely and thus it has already become good news for the India market. Get ready for the boom that will be coming from this country. I guess thats the closet reason in the current situation for the current pump.
Anyone has insights about this?
I think from the recent update by the Supreme Court of India, your doubts would have been cleared. Cryptos haven't been given the green flag in India and the same situation would continue till 30th September. That is the date Supreme Court has set for the "final" hearing of all the crypto related petitions. I am sure all the folks in India have their fingers crossed. The least they would want is the Supreme court banning cryptocurrency altogether. This time frame has also given rise to a lot of P2P exchanges and in case exchanges get a negative verdict, people would still have something to look forward to. |
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There are many people who really wish to join the campaigns and want to earn money but due to some unavailability of time or maybe they could not understand the market nicely they don't take risk and leave the campaigns in between there even comes the time where the scammers come to join bounty so that they can really scam people or company by their evil deeds that's how so many inactive members are there at many bounties.
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