it doesn't matter what is their name, maybe some coins named after some incident happen or it may sound like familiar words but as long as the coin has a working product and compare to other coins it does not matter.. team is still intact and have the latest update then no problem at all
Name of project or coin doesn't matter but at least a decent name makes more sense. When doing research on let's say DEFI projects and you see something like "asshole DEFI coin ADC", won't you skip it? It already paints a negative first impression for the project without looking further. So in essence, name doesn't make a project great, but name should be somewhat ok. |
|
|
|
I quite agree on this that project shouldn't be based on what's written on the whitepaper hence they can add flowering words on it to convince investors and supporters but in the end they cannot back it up on actual project released. The visibility of the team, road map, funds and project's ideology should be based about on how can a project be successful and can be judged by it in actual adoption in the crypto world.
Over time, we've come to realize that Whitepaper is just for fancy for most projects. Most do not even follow their roadmap at all. Some people read Whitepaper, get impressed and invest in projects without putting other factors into consideration, this is always misleading. Most important things to look out for before going long term in a project are team capability/reputation and actual development of the project, not only Whitepaper. |
|
|
|
Hello,
I want to start new tread about Bankera,because looks like everyone already forgot about them:)
Bankera raised USD 151.000.000 from more then 100.000 investors.
It's a pity some of my old friends invested hugely in Bankera, but now there is no form of development ongoing with the project. It's clearly one of those many "promise & fail" projects. Just like NAGA, which I invested a lot in, there is presently no form of activity with the project. We just have to be careful with the altcoins we invest in for long term. |
|
|
|
Most people see cryptocurrency as a get rich quick scheme and that has lead them to fraudulent schemes and rippers. My journey into the space began with investment into HYIPS and ICO's, which promised a very high return but ended up carting away with my money. It feels really bad, but I've learnt my lessons and have been working on keeping my head down and being more careful in my investment choice.
Anyone with the mentality of getting rich quick via crypto is totally wrong, glad you knew the truth later on from experience. Nowadays when I invest long term in any coin, I pray for the best while expecting the worst because anything can happen when not expected. Some people invest in crypto with borrowed funds, that's the worst scenario. |
|
|
|
I recently read about PayAccept having some kind of staking system active from 1st August - https://www.payaccept.net/pay-stakeI read about it a lot from Telegram groups where people join and share about this but I am not able to understand how does it work? I tried from that above link but did not understood. Anyone using it? Please tell me how does this work? Like you mentioned the staking program begins on 1st August, so not yet. When staking begins you can join the staking directly from your Payaccept wallet by holding PAY. While this helps in minting PAY tokens, you get rewarded for holding your tokens throughout a given duration. Staking is cool only if you have long term investor mindset and wish to add more tokens to the ones you are holding. |
|
|
|
to prove they're not scammer project and minimize your investment of being scam...
1. look for the team if they're legit and real human... prove to yourself if they're human and real, not fake linkin from russia, reddit or facebook stuff...
2. list your find...
Checking if team is real and legit before investing is a very good step in research, but relying entirely on this before investing is a no no. Most crypto enthusiasts already know you need to check prpduct or even MVP if the main product is not developed yet, also check project backings. Sadly enough some team members attend crypto conferences looking legit, even though they have scam intentions. Before investing, do research with several factors and not just team, that's my point. |
|
|
|
What then is your fear in crypto?
My greatest fear in crypto is getting hacked or losing my private key or mnemonic phrase, hence losing my assets. Fear of losing funds to investment is normal, since it encourages you to do more research before investing. |
|
|
|
Yes it could be a big win for crypto but Bitcoin and other decentralized crypto projects don't need any centralized help to stay alive, this will only create for awareness and possibly more adoption, crypto will still survive without any help
Actually BTC needs proper regulations to go mainstream fully, regulations are from centralized authorities. In as much as centralized authorities cannot control crypto, they still have a role to play wrt acceptability. I really like the news put up by OP, Bitcoin being recognized as money by a government body is a good one. |
|
|
|
I don't know what to do, the altcoin that I hold is currently down 15%, this is frustrating,
even though I'm confident, I'm still afraid that my portfolio won't go up this year
The best thing to do is keep holding, I have some over dipped altcoins, and one is currently picking up (IRIS). Do not panic sell, unless you don't understand how crypto market works or you don't think the project will do well in the long run. Afraid that your portfolio won't go up this year? Lol sounds more like you are new to trading. |
|
|
|
|
When will crypto investors ever learn to spot obvious scams? Many who did millionmoney with big amount of ETH should be lamenting by now. Then this ETH limited, similar scam program. Some go under the umbrella of smart contract scheme or MLM to deceive gullible investors. Let's always try to differentiate between ponzi schemes and real investments, thanks OP for this.
|
|
|
|
Please there's something I really want to understand about this crypto industry because at times as a newbie in this cryptocurrency industry you might get this wrong by making more mistakes in crypto. Does crypto name really matter before it become successful?
If you imply project name or coin name, it doesn't really matter much but should at least suit the project aim. If for instance a project aim is DEFI related, then team names the coin igame coin, it doesn't really depict the project aim, thus it will be somewhat confusing. Investors who do not really read about project mission/aim may think the coin is used for gaming purpose. |
|
|
|
|
In my opinion, do not get overly excited about a coin only when it starts pumping in price, always buy your coins when price is lower when you believe in the project for long term sake. Consider checking the chart and buy only when there is an uptrend continuation confirmation, or wait for retracement. I already filled my bag with ETH before this recent surge, and it's a long term hold for me.
|
|
|
|
Ratings can't ever be same, everyone knows their different reasons why a coin should be first or second on their list and I have my own reasons too, this is why it's stupid to rely or make decisions on a rating list, it can be misleading
This answers it all, anyone who decides on which project to buy based on ratings from such sites is still a learner when it comes to research. Those ratings are solely based on their opinions, and some are even paid ratings. I'm not saying those ratings shouldn't be looked at when doing research, but they should never decide for you on which project to invest in. |
|
|
|
people may be right because during the downtrend every altcoins can be split many times at any time, but now I see the market seems to be going uptrend, so holding altcoins during this period is best.
Anyone who says altcoins are good only for day trading are not right at all, most of my big gains have been from mid term trading of altcoins honestly. The problem with most people is that they are never patient, any slight market dip they sell off their coins at loss. Day trading gives little compared to mid to long term trading. |
|
|
|
The next exchanges we should be careful about now is Biki, I've been hearing bad news about that exchanges like missing withdrawal, unnecessary locked of tokens etc, I have zero my mind never to use Biki and other small exchanges
I've used BIKI to trade ARCC in the past, no issues then, but this serves as a warning, thanks. Latoken, P2PB2B and Vindax are very crappie wrt fake volume and manipulation. I only use such exchanges if there is no other alternative. For instance if I got a coin via airdrop, and I don't really want to hold the coin, then the only place it's trading is on those shitty exchanges. Aside that, I can't even dream of sending funds there to trade. |
|
|
|
|
Some crypto exchanges like Binance and Kucoin already supported nations with masks and sanitizers to combat covid19. Also origin protocol and pledgecamp in their own little ways organized a crowdfunding event to provide masks too. If people stop circulating FIAT money from person to person (not digital transfers), and opt for crypto transactions, I think it will also go a long way to curb the spread of COVID19.
|
|
|
|
I've been reading through this forums for the past few weeks and all I see is "this coin is dead" or "everything is a shit coin". Is there any alt coin with potential to invest in or is it only bitcoin?
Expect many people to shill their bags here, you should consider top 10 coins on cmc if you are confused on which coin to invest in especially for long term. Aside BTC, my portfolio is loaded with ETH and ADA, this doesn't mean they are the best to hold or must yield profit in the long run, it's just my decision after doing my own research. |
|
|
|
|
It is riskier to invest in new coins, compared to old coins, even newbies should know this. This doesn't mean it's entirely bad to invest in new coins, but before doing this analyze properly and its not wise to invest hugely in new coins. I normally give time to watch how well a project performs with development before investing big and not otherwise. If you ever follow hype to invest in new coins, without taking into consideration risk management, you will be getting it wrong most likely.
|
|
|
|
Tokenmarketcaps is a one-stop market research platform that ranks and analyzes all the blockchain-based coins and tokens in the crypto market. Tokenmarketcaps is a platform that ranks and analyzes all the blockchain-based coins and tokens in the crypto market. We cover all the necessary information about the thousands of digital currencies that exist and are new in the market. Tokenmarketcaps caters to all the research demands of investors, traders, and crypto holders. Thanks for sharing tokenmarketcaps but the issue with all these new coin ranking sites is that we don't even know how accurate they are or if they copy data from already existing ones like CMC which will be clueless. I'm open to new stuff but then, how well do I verify their efficacy? Reason why I stick to Coinmarketcap and coingecko. |
|
|
|
Crypto will never crash the system and replace money, at least not in north america.Everything is enforced by laws, like a law that tax needs to be paid in cash, on all items, no matter what the person pays with.Sometimes it feels like people think if we all go crypto, money is somehow going to be free, and life is going to be so much easier, I don't think that's true.Imagine if you could only buy bread with crypto, and some billionaire buys a large amount of crypto the night before, the next morning your bread will cost twice as much.In other words its a rare resource, basing prices on crypto doesn't make sense.It can represent money all day long, and have value based on the dollar, but I don't think it can be money, unless governments just make digital cash for us, that doesn't jump too much.
The analysis with buying bread using crypto got me laughing. Well, nobody ever said crypto will replace FIAT, it's fallacy to assume that. It only compliments FIAT and not otherwise. Some very remote communities may not have internet access, and to transfer crypto, it's a requisite. You don't expect such remote zone to use crypto in daily transactions do you? Just an instance ☺. |
|
|
|
|
Show Posts
