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4141  Alternate cryptocurrencies / Altcoin Discussion / Re: Do you trust ICO Rating sites? on: November 11, 2018, 04:48:06 PM
They seem biased to me. A friend of mine who's doing an ICO told me that they paid 10ETH for 5 quality ratings and that's that! I noticed that some ICOs with good project, team, and good social media presence are struggling with getting good reviews.

With all that said, should it still be a factor to look at when investing in ICO?

yes i do trust ico rating sites but it doesnt mean that the ratings are directly proportional to sales because there are lots of projects that are sold out without the perfect ico ratings. though it is a big help for the investors, the inside the team news is more accurate.
Infact the stars or ratings itself exist just for marketing purpose, the developer or the owner of the website rarely give attention into potential project that won't pay them, instead they are trying the value of their ratings just solely for marketing purpose and realizing that most of that kind of website does the same thing, there's no need to put your trust into such sites.
4142  Alternate cryptocurrencies / Altcoin Discussion / Re: The End of Anonymity and the Start of Tax Hell for Crypto on: November 11, 2018, 04:13:09 PM
This thing is to be expected, Japan has already doing so and then other countries will follow. Government are afraid that there might be money laundering within cryptocurrency ecosystem now quite the opposite it is the crypto users who are afraid of huge taxes, Identity required when cashing in or out is okay, but too huge taxes is just meh..
4143  Alternate cryptocurrencies / Altcoin Discussion / Re: China lifts ban on cryptocurrency on: November 11, 2018, 04:06:41 PM
China today is probably one of the most serious countries that can bring cryptocurrencies to a very powerful state, you understand that today cryptocurrencies depend on news and if they are from China, the market will definitely live.
China is already digitalizing with a more centralized way like using alipay so I guess when it comes to adopting crypto they're not really into it
but somehow this news about china lifting bad is to be expected, they just can't hold the technology anymore especially if their country economic is strong enough to keep the flowing money to the crypto market in check.
4144  Alternate cryptocurrencies / Altcoin Discussion / Re: white paper. !! on: November 11, 2018, 07:34:34 AM
why it's important to read white paper


I know to know about the project if it's a scam.

what is the importance of white paper I can ask for your opinion.
thanks.
The whitepaper is a public statement about the project, from the team, to the technology, everything is there. One project or they will take care of the whitepaper, their WPP will be very long.
I generally do not appreciate WPP projects under 30 pages. Although there are exceptions, such projects rarely succeed.

Whitepaper under 30 pages doesn't necessarily mean the project will fail, sometimes the developers themselves trying to simplify their thought in the whitepaper and making as minimal as possible simply because there's their audience that know nothing about technical although some people may have advanced knowledge in this respective field.
It's the point of the whitepaper that matters the most.
4145  Alternate cryptocurrencies / Altcoin Discussion / Re: Best competitors to Ethereum? on: November 11, 2018, 06:49:17 AM
At the moment, the best competitor for Ethereum really remains NEO, it offers powerful opportunities for development and really excellent support from the Chinese government. In principle, EOS with high productivity also has a chance to become such a successful competitor.
EOS is more of a threat compared to NEO, by observing the market capitalisation growth of both coin, it's kinda obvious that EOS is one step ahead and we are yet to talk about the growth spurt that may happen to the EOS, meanwhile XRP is there to overtake the ETH position but is kinda different platform to be compared with.
4146  Alternate cryptocurrencies / Altcoin Discussion / Re: KYC is simply just to cheat bounty hunters. on: November 10, 2018, 10:49:54 PM
increasingly, I see that companies are asked to undergo the KYC procedure and I do not really like it. 1. It sometimes takes a long time. 2. I'm worried my data will be stolen. 3. This is not an indicator of project success
KYC firstly required by a legit ICO to avoid money laundering, but it seems so many scammy project also requires or demand data from their users.
I'd always stay away from that kind of project though, there's many project out there no valid reason to stick with only one.
4147  Alternate cryptocurrencies / Altcoin Discussion / Re: Do traders pay income taxes? on: November 10, 2018, 10:47:44 PM
I remember that some of my friends in the US had to pay taxestaxes when they made a profit. And they are not shared that the coin should be bought, because if they share they will be punished by law. However, in my country, the trader still does not have to pay that fee, and I think it is bad if the trader has to pay taxes
Every accumulated wealth that adds to your overall value will be taxed no matter what, such thing is what most of the government do.
Many people may see that as the most inconvenience thing especially if you live in a 3rd world country when you can't get the real benefit of being tax payer but well, that's life.
4148  Alternate cryptocurrencies / Altcoin Discussion / Re: Probably the BIGGEST REAL GAME on Ethereum is about to launch on: November 10, 2018, 01:54:55 PM
Hopefully Ethereum network won't be clogged like before when crypto cats madness started. I like gaming and capabilities of the blockchain but what i like more is a working and cheap (not some extreme gas prices) ethereum network
I don't think that this game will take a huge amount of resources in the network, crypto cats is an entirely different thing that the game itself requires a lot of on-chain transaction meanwhile this game well, let me guess, will only require that kind of resource-taking activity at the end of the game only.
4149  Alternate cryptocurrencies / Altcoin Discussion / Re: 8 reasons to start playing blockchain games on: November 10, 2018, 01:52:30 PM
I am skeptical about games where you can supposedly make cryptocurrency, and even without investments. Perhaps some amount of money can be earned, it will be so little that it is not worth the time spent. If you know games that are really good at playing, you can get good money, then tell me. I will be really interested to get acquainted.
Most of the game giving away crpyptocurrency to make the game popular, some kind of marketing I'd say and most of them as you stated not worth the time.
However I always consider the cryptocurrency reward only as a gimmick but not a really useless gimmick I mean, you know adding crypto as a bonus will add some of fun.
4150  Alternate cryptocurrencies / Altcoin Discussion / Re: Wallet hacking is it possible? on: November 10, 2018, 09:55:21 AM
Yes its possible. In fact, all wallet are prone or vulnerable to hacking. They have different security features but still hackers will always find a way into your wallet. That's the reason why we should always take extra careful when it comes to securing our accounts and wallets. Always change the passcodes and don't expose your wallet address and private key online.
Must remind you that it's the "wallet" as a mean of "file" that managed by the user is what prone to hacking whereas the software rarely gets hacked if it is the community will eventually come up with the fix because most of the legit wallet in crypto community I know is open source, under the eyes of so many people to verify the validity, bugs, mistake, and many more.
4151  Alternate cryptocurrencies / Altcoin Discussion / Re: Scammers are lazy on: November 10, 2018, 09:48:58 AM
Scamming regulary investors is not so funny any more. Scammers show bigger scale, so they infiltrate teams and then steal part of attracted tokens.
From when scamming is considered funny LOL, scam is an act of criminality and can be punished according to law and that's a really bad thing.
Scammers is everywhere and I think there's no obvious way to estimate whether scammer has established bigger scale of scamming activities or not but people must really take care of their own security.
4152  Alternate cryptocurrencies / Altcoin Discussion / Re: Is This Another Scam Or What? on: November 09, 2018, 10:39:46 PM
Any sane people with healthy logic would find out that it's nothing but a phishing attempt done by phisher but what worries me is that there's large amount of cryptocurrency user that know nothing about sort of thing and blatantly trusting anything they see on the internet.
If you can, it's always better to report such site to google or antivirus so that it could be blocked automatically.
4153  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Will Ethereum be more stable in the future? on: November 09, 2018, 10:36:04 PM
I can't tell with confidence that he will be stabler what earlier. I think doesn't matter how many projects were started on the Ethereum platform. It won't affect its stability in any way.
If all those projects contribute to enlarge the overall market capitalization for the Ethereum it could make the market more stable by making the market less vulnerable to manipulation as well as maturing the market through enlarging the market capitalization, it's a common sense but usually there's other factor aswell that could affect the market that's purely based on demand-supply heavily.
4154  Alternate cryptocurrencies / Altcoin Discussion / Re: Scammers are lazy on: November 09, 2018, 10:27:20 PM
Most of people have no antivirus or pretty weak software, so it is easy for hackers to spread viruses using popunder advertisments. The are not lazy at all.
In terms of spreading virus or creating phishing site yeah, they are not lazy at all. Instead, they really seems having so much free time to do so and
to willingly scamming people they already have the commitment. Just think about it, who in the world would spend so much time pursuing something ambiguous.
4155  Alternate cryptocurrencies / Altcoin Discussion / Re: Why aren't cryptocurrencies successful as a medium of payment on: November 08, 2018, 10:10:46 PM
The reason is that the growth of cryptocurrency is uncertain. When the growth of Bitcoin reaches a certain peak and stabilizes, XRP and XLM will quickly occupy the international payment market.
In term of stability XRP and XLM is nothing compared to stablecoin that will always hold its value 1:1 with the pegged currency.
Just see USDT and TrueUSD I can't see why those stablecoin have yet to be adopted as a mean of payment processor but certainly can be a good alternative.
4156  Alternate cryptocurrencies / Altcoin Discussion / Re: Why people try to create their own coins? on: November 08, 2018, 10:07:09 PM
Everything rests only on the opportunity to receive money for development, I support this idea and this is clearly a bad idea, because people's trust is not an unlimited resource, so you need to properly use it and understand that today it has a value that is still more expensive than BTC

Not because of it. I think blockchain is in fashion, so people want to create their own. Moreover, many people just try out, and I believe attempts are important. There won't be some good projects without many bad ones!
That's quite logical, even there's hundred thousand of worthless coin being deployed until now by individual or atleast tech savvy because they are just being curious.
There's some article that address this thing where everyday hundred of bitcoin hardfork is being created but ended up being a worthless coin because people are doing that for fun.
4157  Alternate cryptocurrencies / Altcoin Discussion / Re: Wallet hacking is it possible? on: November 08, 2018, 09:51:22 PM
Most online wallet providers like xapo, coinbase, MEW and Blockchain cannot be the hack. These vendors always have a 24-hour staff to prevent possible problems and operations, and they handle everything quickly to avoid the impact customer.
Not really sure that MEW have 24h staff because honestly, it's a website with a running online wallet, they don't offer any kind of premium service, even the source code of MEW is out there and you can build one in your local server.
4158  Alternate cryptocurrencies / Altcoin Discussion / Re: altcoins are dying on: November 04, 2018, 11:51:35 PM
It's happening right in front of us. Every day there are projects that have not kept the promise to investors and they have to be closed.
Most of the project like that is a worthless project anayway. The ones that have enough fund and developer to the project seems to still stick to their initial roadmap
and knowing that those project can be considered legit on its process to create a finalized product at the end.
4159  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Will Ethereum be more stable in the future? on: November 04, 2018, 11:48:48 PM
I think that in the near future it will not be stable. So far, even bitcoin is quite volatile, so it is too early to talk about the stability of the crypo.
Atleast it will be more stable when the market is mature enough and already developing quite huge capitalization also at the same time it will be more resistance to market manipulation. The higher market capitalization the higher strenght it carry. Although when a market is purely based on demand and supply it will always be more volatile.
4160  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Are airdrops really worth it? on: November 04, 2018, 10:43:09 PM
For now it is not too worthy because it has very little airdrop that has a large reward value, and the conditions are also mostly have to use our identity (kyc) but if you use Kyc it is very risky in my opinion

Thats true. Our information/data is more important now  and not enough for the value of airdrop in some project. There is a risk involved if our info is exposed. Though there are airdrops before that is worthy, but those scams airdrop are flooding. Just be careful with airdrop you are joining and think twice if it needs your valuable info.
Only choose airdrop from a worthy project that has proven to be legit, never ever try a biased phishy project just for the sake of few dollars because that'll be utterly dumb.
Or if I'm telling you guys better stay away from airdrop at all since the risk imposed is not worth $5.
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