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You have only yourself to blame. You got blinded by profit and didn't think prudently. It is a known fact that shitcoins dump whenever they get listed and never recover after that. If it does recover, it is only manipulated by pump and dump groups to lure idiot investors into the bull trap.
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Do not invest on ICOs, just put your money on existing projects that have a working product like btc, ethereum, litecoin, xrp, electroneum, and monero. ICOs are very risky especially if you are just a beginner in this space. Scams are everywhere and there are very few projects who succeeds in delivering the actual product.
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Not all laws in every country are free of loopholes. This death penalty could be used to frame an innocent person for insinuating a crime they didn't do, so death penalty is a no-go. It is however more plausible to increase the charges like a few years added to the sentence to make an example of them.
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With many tokens emerging in this space, it is inevitable that they would take a part of the overall cryptocurrency market cap. With this, bitcoin's market dominance will slowly decrease as more tokens and coins emerge. Some people might take this decrease as a sign negatively and make the price also decrease in turn.
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We increase its value by improving its technology; no one would invest on a project that has no potential or of no use to the society. For an intangible asset like crypto, its worth is determined by what it brings as benefit. Take bitcoin for example, the reason it is on the top in terms of market cap is that it functions the way it is intended to that is, as a currency and as a store of value.
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Listing a coin is a way for investors to liquidate their assets if they want to. It is also a chance for anyone who didn't have the opportunity to participate in the ICO to own a token; it becomes easily accessible. So it depends on the potential of the project. If it got listed and immediately dumps without recovering, it was just simply used for short term profit by the investors.
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Devs should stop blaming bounty hunters for dumping ,they work hard to promote your projects and they have every right to do what they like with the tokens if this is really what you don't want then
Don't pay bounty hunters in your tokens ,pay them in USD ,USDC or ETHEREUM to avoid dumping your tokens and that will have positive impact on your tokens ,dumping will always happen and if the project is a strong one then it will quickly recover
This would defeat the purpose of utilizing bounty campaign for community building. Also, it is counter-productive since the payment for advertisement could've gone to the development of the project. Still, it is an undeniable truth that bounty participants have the right to use their rewards to whatever they may see fit. Also only a small part of the total supply is allotted to bounty so if there's anyone they should be blaming, it should be the investors who had huge bonuses during ICO phase. |
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A person will be a kid only once so we shouldn't rob the children of their youth and let them play. Besides, bitcoin is still not developed as a currency to be understood by a mere kindergarten. It is not intuitive and not tangible like fiat so they will have trouble understanding the underlying concept.
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This can't be avoided since most of investors in ICO participate to earn profit. You also can't blame bounty hunters for dumping their coins since its theirs and they have all the right to do what they want to their tokens. Anyways, this just happens to small projects; big projects like electroneum didn't dump when it got listed on an exchange.
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In this difficult market, the value of tokens is reduced very low. So, how do you console yourself? I first: I calculated the number of tokens I received, then multiplied by the ICO price, followed by multiplying it by the current ETH price. As a result, I received the corresponding ETH. I took the ETH multiplied peak rates ($1500- 2017) And I told myself if ETH peaks (2017), I will get a lot of $. Haha! For example: I received 1000 ABC token. ABC token ico price: 0.2$ Total received: 1000 * 0.2$ = 200$ Current ETH price: 150$ So I will receive: 200/150 = 1.33E If ETH = $1500 is like 2017, I will have 2000$.  ) then multiply that $ to 10%... Times are tough now considering the market condition. What you expect to earn will not reflect the actual earning because of several factors: 1. the market is bearish, which decrease the value of eth based tokens. 2. you got your coins late so the price dumped before you can exchange it to btc. 3. the project didn't reach hardcap (worst case) |
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They don't need to replace the one or the other, they should co-exist to cater the varying needs of the people. Some prefer to use banks and other uses the services of cryptocurrency. Each of them also has flaws and they could complement each other.
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It will not exactly fade into extinction. Not all project are on the scale of Binance and Bittrex's IEO to the point that they don't need marketing because of their large influence on the market. With that, many projects will still utilize it since not only is it cheap advertisement, they don't need to pay hunters immediately.
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IMO, the market right now is not improving in terms of price. However, it is improving as a technology continuously and mass adoption is on the right track. More and more ATMs are being created, people are learning of crypto more and more, and more venues are sprouting where one could utilize their crypto as payment (at least on where I live).
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The investors know that the trouble finding and making the suspect liable for their crime is not worth of their time and their actual investment. There are some who pursue the scammers but this proved hard if not many investors joined up.
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It is a case by case basis. If you got labelled as one after you did the work and they refuse to compensate, you should fight back. Time spent working are valuable after all. Otherwise, you don't need validation from somebody else as long as you know the truth; just walk away.
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No I do not. Not only would it be useless, it would also be a pain to develop it. The cryptocurrency space is like a cake; everybody wants a piece of it. However this is a counter-productive thinking because not only would we be taking market dominance from bitcoin, it would hinder mass adoption for the lack of solidarity.
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Hard caps vary differently for each ICO because they have set of goals to be achieved that corresponds to a certain amount of fund collected. So the correct question would be "is this kind of hard cap reasonable?" not "is it normal to have this hard cap?". Anyway, it seems to me that that project is unreasonable to set that high of a hard cap. For comparison, Electroneum has a very good concept and fairly popular but its hardcap is just around $30M.
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Where I live, there aren't many restrictions on digital assets so as a result, there are many services that I can use by paying in crypto. I sometimes use it to pay utilities, buy load, food and insurances. They are sure very useful but I use fiat as much as possible since bitcoin is much precious.
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I wouldn't just jump to the conclusion that it not for us, rather it has not evolved yet to the point that everyone could understand it intuitively. This just shows that we just need more time to improve its technology side. |
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The title is more or less right on the mark. Majority of ICOs that happened last 2 years are already dead; they didn't bring forth the product they promised to deliver. Many people also lost money to scam projects which damaged their trust towards it. Anyway, the trend is moving on to STO so maybe after a year the ICO market will completely be gone.
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