OP did you edit your original post? I can see @rat03gopoh's post and reading it seems to indicate that you were talking some specific project.

So seeing it gone now, I would suggest you to follow @rat03gopoh's advice for now. In general, all DeFi projects that came in all of a sudden are going to be failures, dont let anyone tell you otherwise, because I have seen the same thing happen with ICOs and then STOs, IEOs and so on. Lending pools and stablecoins are never going to be a passive earning method - get that in your head too.

Additionally several DeFi projects are plain copy pasted project details only, no project in real = scam.

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As for investing, Bitcoin is the only thing you need.

None of these statements are completely correct. The legal system related to bitcoin is still grey and calling someone a criminal for a currency that has still not gone out from its development is wrong. Although we can consider token offerings to be shady stuff if not a legal security, still many times managers and bounty hunters make mistakes.

A fine gesture indeed. But will people follow your advice? No. Bounty hunters in this forum act like brain dead zombies, though the condition has improved nowadays. Even then we see idiotic users keep spamming bounties that have been declared scam and then come back spewing bile in the "Reputation" section about their negative trust ratings.

If someone is still listening to these celebs in order to plan their investments then they are biggest fools in the game. You dont listen to others to put in your own money. Rather do your own research before investing - is that not common sense? It is but people dont use it - the reason being that it is very easy to blame others in case the investment does not work out instead of blaming themselves.

Point is that you can buy Teslas, Lambos, - dont matter to anybody but of course the ones who built that car will. They want their products to be sold. Their CEO showing up a nice bullmove on the markets draws the attention from the bitcoin whales. Thats why they do that.

The bad projects will never be eliminated completely. This is a difference from the stock market that has been a thorn on the crypto market. We see so many projects here do so many things. But 99% are failures. Whatever sugarcoated stuff they say in the first, it all ends up with very low price and useless tokens which cannot be spent anywhere.

So yes that type of saturation does exist and bad project keep on coming.

My suggestion is to follow bitcoin only. Because it is what is going to be big in future.

This bounty manager has been previously called out about promoting such shady projects but they don't seem care about the same. While this is not a crime but definitely needs to be stopped from the side of the manager itself. Mistakes happen with everyone but not making amends to them is a sign of public nuisance.

I am sure some brain dead bounty hunters are looking for it bounty thread hoping to get a share, not knowing that the scammers are using them only to scam more users.

The best use case in my opinion is already shown to public but they fail to realize it. That is the use of crypto as a currency and a mode of transaction that is censorship resistant and decentralised. This means bitcoin cannot have a central control and this type of a deflationary currency might be a different economic system altogether.

If governments may not wish to accept it even then it will be same and not stop growing in price and popularity

Surely we are still to see any significant flaws in this system.

I mean I understand the craze here, but you guys shifted from Lambos to Teslas too soon.

Talk about accumulating bitcoin, No, you want Teslas and have wet dreams of the same. Rather see this as the opportunity to sell some bitcoins and book a profit. We are holding nicely at 22K and might reach 25K soon - my realistic price assumption for now.

But seriously, if you want to spend your bitcoin, be logical and stop dreaming of cars. Be logical and think how you can spend it on things you need and not what you are greedy about.

This shows how badly trained the employees of exchanges that come up recently have been and how loosely they have listed projects tokens on their exchange without doing some basic checks.

I hope some people who are using Hotbit might get linked to this thread and understand that the PFI project might be a scam and therefore not deal in any tokens.

Is it possible to send this thread link to the official Hotbit support team so the issue might get escalated there?

Correct statements. The managers who are well known here are known to have a good track record of the project they campaigned about and in most cases the project paid their hunters and participants as per discussed terms.

Often new managers hoping to get a job here, attempt to go with the shady projects but of they dont get paid up-front. From a project owners perspective paying the manager upfront is not going to be common, added the fact that 99% of the coin offering projects are failures from the start.

Still hunters should do their own research. Missing out things that could easily identify the project as scam is not a good thing.

I know and that is why I tell others to stop wasting time trying to correlate the two. It is like trying to find something in a place where it does not exist. Speculative markets are like that, dont let the patterns fool your mind into thinking that there is a link between altcoin and bitcoin price changes every single time.

For example, the litecoin halving saw a rise in price of litecoin at that time. But bitcoin did rise too but not to that extent. I could go on saying that probably people bought bitcoin at that time without knowing the reason but it would be a stretch of the fact.

Large demand? I think that is a term applicable to traditional fiat markets than crypto markets. I am yet to see some crypto project develop something that has a demand that cannot be met already by a counterpart in the fiat projects.

The group of people who still attempt to drive such a project end up failing miserably only swayed by statements of how "anti-establishment" they are. Plain bullshit if you ask me, it is a forced coercion into following such failed projects. Small niche projects have no place in this world, whether that is a good or bad thing, does not matter.

Those will become secondary if the project itself is already saturated by mainstream companies.

It's better to avoid these platforms as far as investment advise is concerned. You don't want to take the koolaid of some shills ever in this sector.

It's also how scams get promoted without anyone knowing it to be a scam in the first place. The social media never takes into account how well spammer accounts, bots and so can be created and therefore we must remain vigilant about the possibility of scams.

If you want to make decisions for investment do your own research. Never trust anyone on the internet with a fancy name.

I think a bull run indicates a influx of spot trading as compared to margin trading. This is the time to book profits off the difference of buying and selling price, that is in case you were diligent enough to buy at the lows.

Margin came more into prevalence when bitcoin was stagnant and kept on cycling between fixed levels back this year and previous year. That was the time the forum was filled with such topics and shills promoting their exchanges and exchanges touting their newly launched margin markets.

If you ask me, 100k USD is a stretch. That much rise will probably not be happening right away. A more feasible target would be 25k.

This is the effect of optimism and therefore will not stop.

Just like people become greedy about stuff and don't use logic similarly they make such predictions and see nothing happen.

We are rather seeing a resistance at 22k USD again - probably selling pressure as people are booking profits. Be logical and sell some at this price to make sure the flow of money remains even.

No direct correlation if you ask me though others might say that one follows the other.

I am more of the opinion that altcoin rises are a artificial pump that sometimes follow bitcoin but do not sustain it. It would be easy to say that altcoins follow bitcoin but often they drop early than bitcoin.

Nonetheless, if you are holding altcoins sell them at the price rise and don't keep on holding them through a bull run. You might not see such prices again in future. So grab the opportunity while it exists

Easy money is what gets these people burnt off their money. This topic is not being asked the first time and mostly these are newbies asking because they either got lured to joining one such group or already entered the vicious cycle of loss and desperation sometime and is now asking others if they did right.

This is the reason why such groups flourish. They keep scamming some newbies and there is an unending supply of foolish noobs ready to get duped.

No single reason is enough and no reason is absolute in this sector either. There might be bull runs due to specific reasons or just speculation. As per my observation the second one becomes stronger because of FOMO and the price goes way beyond buying levels and then drops to lower levels.

The thing traders do now is sell and then wait for it to go back down. This will happen and is the thing of utmost importance despite what newbies might think. Keep cycling the money. Dont keep on holding if you are looking to profit. If you don't sell and keep thinking about reasons you will only waste time. This is the time to catch the cycle.

The above posts are informative to get what you have asked for.

However if you are new to this sector of cryptocurrency, I would ask you to think twice on your decision.

Altcoins are and have always been second to bitcoin. Whatever koolaid those project owners might say, dont buy it. I have been watching them and seen projects go both up and down but the ups never were sustained nor any real development ever occurred.

As per my experience none of the altcoins on the top10 of Coinmarketcap are worth buying.

You might have different opinions, which I would definitely like to hear but not argue on, because arguing with an altcoin lover is like fighting with a windmill.

There might be a reason, but the question is do you really need to?

Ask me, I cant give a straight answer to any such speculative question, some trading "analyst" might be able to give better answer. But what I can tell you is how to seize the opportunity - do so by selling some coins at this new all-time-high instead of drooling over it and seeing it go up.

Because from what I have seen, the euphoria and greed stop people from selling and booking a profit. You will buy back but at lows and trust me lows will happen again no matter what.

Keep the cycle going, dont drool over the price. Reasons get revealed late, by that time the chance will have slipped away.

Good catch, but I dont think the owners of the "scam" are going to post a topic of their own here anymore. Either they have been hunted previously by our scam hunters or they have been tagged and flagged on some previous scam.

Either way, this should again be a reminder to many wannabe investors to always do some routine checkup of a project before putting in a single satoshi there. More sophisticated methods to hide their plagiarism have been developed but some scammers follow these old school methods and therefore can be stopped easily.