Similarly, a lot of Crypto projects usually die off as Christmas approaches. First it was IDAX, Now CryptoBridge is set to shutdown its activities and advices users to withdraw all assets before December 15th, 2019. https://crypto-bridge.org |
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If you are proficient in various languages maybe an alternative way can be a translator and open vacancies in the service section of this forum, that is also good in my opinion. Or the other easiest way is to make an article in each project bounty and there are many other ways, but for me the easiest way to get income from crypto is to follow the signature, but sometimes now it's very difficult to get paid well.
You have a good point on translation. It's quite more lucrative and a bounty campaign or field that has not been bastardised by bounty hunters yet unlike Article writing. However, the best profession with most job in crypto and blockchain space is the programmers, UI/Ux, front end, back end developers etc |
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It is easier to determine a project that has potential than to conceptualize one. This is why most investors are smarter today than developers. Back then it was easy for developers to just create mumbo jumbo writeups about a project and people will rush to buy it but now, investors do a lot more research on projects and ask relevant questions too before they decide to invest
You are right. We can easily say that investors have seen it all. They have been around for long to know that the jargons and sophisticated words thrown around into whitepaper doesn't transform automatically to profits or depict a sensible project devoid of scam. |
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The fact that altcoins cannot grow as strongly as previous altcoins is the saddest thing. but not so that we sell an altcoin right at the bottom because anything unexpected can happen. Keep your faith strong.
It is all relative to the project. If you jump on a shit coin wave hoping to catch the top but unfortunately it dumped hard. All you can do is to time the project, monitor developments and evaluate your position as investor, if you notice red flags, you sell off immediately and cut losses. It happens in Fresco and Nobs Crypto. Not coin or token bounces back when it hits rock bottom so you must learn when to cut losses and move on |
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It is not just a scam attempt but a well executed scam from the IDAX team. Only criminals abscond with funds kept in their care and thats what IDAX CEO did as comfirmed by other members of the team. Funny enough, the signs have been there since quarter one of this year which was given by project platform cry outs on how the exchange renegades on agreements
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Majorly depends on how the project is designed but it most cases that I have tried like that of veil privacy coin. Staking is done in the Veil wallet. All you need do is leave the wallet open. Generally, it's relative to platform in most cases besides wallets are safer too
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regulation for cryptocurrency or?
that is a regulation for the unregistered exchange, it has been happening for some time.
last year sec charged etherdelta for this too.
In my opinion, I think the exercise should be extended to all exchanges across the world. From South Korea to Hong Kong , China, USA and even Malta or Estonia. We need to put huge responsibility on exchanges towards ensuring that cryptocurrency trading and the likes is well protected against scam of all sorts including hacks |
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I think it is a bit more legit if an IEO is launch on bigger exchanges. Because they know that it can be very hard to enter big exchanges and convince them that your project is very useful and insight of having a very solid future to get funds using them. What's you opinion on this? Do you think there are other reasons if they choose other small exchange platforms?
Talk about legitimacy my foot! These exchanges can host any project that meets up to their financial feels or demand. Remember, the bigger scam don't even come from the hungry developer around but those highly connected ones that can pay big bucks to get top exchange listing opportunity to sell a fake and unrelatable use case. They use words like "we are in it for the tech". Think twice whenever you see that statement |
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"The government of South Korea wants all unregistered crypto exchanges in the country to shut down. If they don’t, their owners may go to jail. Recently, lawmakers of the country decided that all exchanges should register with the Financial Services Commission (FSC). Now it has created a bill that determined that any administrator who has not done so and continues to do business, it can serve up to five years in jail and will have to pay a fine of around $42,000 USD." Is Regulation Just Around the Corner Guys? https://telegra.ph/Unregistered-Crypto-Exchanges-Must-Register-With-South-Koreas-FSC-Or-Face-Jail-Time-11-22 |
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Seriously, I can only but have an open mind towards 2020 but also with hope that adoption is right around the corner as bitcoin garners more pace next year with its halving and other positive events around it. I also hope that Libra will be given license to operate in America and America will publicly accept cryptocurrency like China did. Generally, I hope it will be a good year for the cryptocurrency space
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For every bounty hunters who are tired of new bounty projects that ends up been a total garbage after they are listed on exchange pls do find yourself some time and do research on past bounty projects because the Exchange they used for IEO matters alot, that exchange is where they will list after bounty ends, i haven't seen a bounty project that get listed on Kucoin and Gate that is not profitable, in terms of good volume or even 2x+ I have learnt a lesson here again, have you? top exchange matters especially in this bear market, look at all the bounties listed on p2pb2b, exmarket etc  Idax, Exmarket, p2pb2b, Probit, Latoken, dcoin, Exrates, Ddex, Coinlim, Vindax. If any bounty project you are hunting lists on any of these exchanges, then the price is as good as dead. On most occasions, projects don't do well on these market because of poor liquidity and thin exchange community |
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For every bounty hunters who are tired of new bounty projects that ends up been a total garbage after they are listed on exchange pls do find yourself some time and do research on past bounty projects because the Exchange they used for IEO matters alot, that exchange is where they will list after bounty ends, i haven't seen a bounty project that get listed on Kucoin and Gate that is not profitable, in terms of good volume or even 2x+ I have learnt a lesson here again, have you? top exchange matters especially in this bear market, look at all the bounties listed on p2pb2b, exmarket etc |
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Only the incompetent will end up in jail. HE gathered only $300000 in ICO. Big scammers gathered many millions. They just hired good lawyers and will be perfectly fine. That's true. With a good legal counsel, fraudulent ICO developers can still flourish. I remember EOS paying a few bucks as SEC fine despite generating billions in token sales. This is nothing but a too fair judgement for scammers, they won't stop scamming, if a harsh judgement are been made on them they will try to adjust, set a good example using one a scape goat and the rest will adjust
I agree harsher judgments should be doled out to discourage scammers. Like someone said, getting a few jail time for millions of dollars can be a very fair or lucrative trade for some people |
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I see no reason why we should bring in new people to cryptocurrency and not take out time to judiciously enlighten them on the workings of cryptocurrency. It is very unfair to tell them when you only inform thwm about all the ROIs that can be gotten, but you say nothing about the downsides of the same project and this omission of the truth will make that newbie very disappointed when his/her trades goes south ways
You have a point. A lot of newbie are not properly lettered on cryptocurrency tenets. Partly caused by their friends who introduced them to crypto and also on some of them who are after quick cash and forget that the first foundation to riches is knowledge and having it in abundance |
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I like to share my story being a crypto enthusiast, a trader and an investor at the same time.
I started in this forum in year 2015 when altcoins are still a good investment and Binance is still not the most popular exchange in the market.
I trade with Poloniex most of the time, sometimes I trade with Bittrex but then I realize that I am not so profitable with trading since I cannot focus on it due to the reason that i have a day job to prioritize.
Therefore, I started to invest for long term and I was entice by how the market moves and I was so optimistic that long term could really change my life.
So to make the story short, I invested with different altcoins and have help it until now.
Now, when the bull run comes, I still couldn't sell right away as I was getting greedy thinking I could earn more when I still hold.
of course, who would not HODL when all your friends in the group chat are also doing the same, even if the price rise high already, they are still saying HODL, and I really do it, and just sell a small portion of my investment to reward myself temporarily was I was into a big goal with my remaining investment.
And then, the correction comes started in year 2018, and I still didn't panic, continue to hold and even accumulate a bit when I see price has really dump a lot, just imagine ETH drop 10 times, so its really cheap and really tempting for any investors. So here I am now, I am still holding at a big loss but at the same time I am still hopeful one day my dreams will come into reality.
So top 10 of my portfolio consist of the following based on my blockfolio.
1) Atlant
2) Edgeless
3) Centra
4) Humaniq
5) Matchpool
6) Lunyr
7) KIN
8.) FUEL
9) SONM
10)NPXS
Please tell me if I should still expect I will be profitable or just give up now already.
Bitcoin and maybe one or two other coins might be worthy of hold for long term but on a large scale, I would say that the word "hold" has the biggest exaggeration and mis understood in cryptocurrency. In my understanding, hold actually means waiting long enough for a good exit point that guarantees your profit irrespective how small. It doesn't necessarily mean you should hold a coin for eternity. Even most developers have a sale plan in 6months to 18 months. |
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Hey! I want to know how to purchase crypto safe. I don't want hackers to steal my money, and I don't want exchanges to sell my personal data. And is it safe using non custodial exchanges like changelly and shapeshift. Please help!
The best way used to be Luno for Africans until Binance came along. Binance is dubbed the most secured exchange and there rates are cheap. All you need is deposit fiat through your bank and buy crypto via Binance |
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A new record has been set with over 6,000 Bitcoin ATMs installed worldwide. Everyday, cryptocurrency achieves a unique milestone which further puts it in position for global adoption which is inevitable.
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You'd think that the privacy-focused coins out there are most used in the deep/dark web. XMR, Dash, ZCash, BEAM, etc. are the ones that come to my mind, but I think people are changing those coins to BTC as fast as possible just due to the fact they are shitcoins.. Or they might be just using BTC in combination with mixing services.
If that's the case for privacy coins, what truly then is their usecases. If I were a layman, I will choose Monero and Dash to be the favorite dark Web coins over bitcoin |
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