First i want to warmly welcome you to the league of bounty hunters. You are at the right spot. The number of bounty campaign you started with is still good, in order to be well organized and be more efficient. If you had started with so many that you can't handle at the same time, being a starter, you might not be able to get good rewards for most of them, because you might miss some things out in the process.
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You can consider investing into some altcoins. Altcoins can be very profitable,but i would tell you that not all altcoins are genuine. You must therefore avoid investing into a scam coin. There are lots of good coins in the crypto space. Just research into them by studying their whitepapers, team, roadmap, tech and some other relevant information that might not be in their whitepapers. Some of these coins can even give short term profits, but also look at the long term prospects.
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Whenever i want to trade a coins, i do not just go directly into trading it. First, i study the coin and know every thing about it, right from its lunch to the present. Secondly i would know the ATH as well as the lowest price it sold. I would look into the updates that have helped to pump the price, then wait for the coin to dip before buying, so that i can at least have some profits for my first trade. After which the trading continues.
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This is a big lesson to everyone of us. It is rear for you to find someone who makes a mistake and comes here to share it with those on this forum to benefit from. This will surely be helpful. It reminds me of my first mistake on exchange, where is mistakenly placed a higher buy price than what the seller for a coin asked for. It was really painful, but i learn my lessons to be very careful and not to make such and other mistakes that can be avoided.
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It is not just about being a fan to crypto, but that crypto is a great blessing to humanity. Apart from the technological impact of crypto, it has also helped to alleviate poverty. Some people today would have remained poor if not for crypto. Personally, i see it as a technology with great future prospects. I know of so many folks today that o nothing else apart from crypto and it gas helped them.
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There are clear indications that some altcoins are doing greatly well. Yes, altcoins will survive, but not all. Some altcoins are just lunched into the market for the sake of profit. Developers, after making their profits, now leave the whole thing for traders to keep manipulating, until it eventually dies. Some altcoins lunched into the market this year will also survive. I already have a glimpse of some that will.
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The market presently is showing signs of big development coming on board. Those who seem to have been silent from some time now, will soon break out of that silence, because the news that will go round will trigger them into coming back to invest. This year now looks promising. Growth is now inevitable. Everything about up shoot in price now seems possible. The market is going bring a lot of surprises soon.
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How reliable is this info. Although, we are all expecting the launch of Facebook ICO, but some might want to sell their coins in disguise using Face as being representative of Facebook. We would need to confirm the source and it has to also be officially announced on the platform of Facebook. Nothing should be easily accepted these days. The source of every information must be thoroughly scrutinized.
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Bounty and airdrop are not daily source of altcoins. Out of the three options listed, trading is the only source of daily earnings of altcoins. Staking can also earn you some daily altcoins, except that not all altcoins have the option for staking. Another source that i know of is mining, but you would need a good mining kit for the altcoin you intend mining, in order to have good daily reward.
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There are so many benefits we can get from crypto, apart from the profit we get. I have seen a lot of crypto projects bring up so many technological developments, such as in health, agriculture, environment, commerce, security and so many other areas of human endeavour. All these have given me different perceptions about crypto than just the money. Cryptocurrency is gradually coming to the limelight, soi would rather wait than leave.
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My advise is that you divided the money into three parts. The first part can be used to purchase BTC at the dip and hold it until the bearish market is over. The second part can be used to purchase to buy altcoins. You can buy ethereum and other altcoins that you have researched. Buy the dip of the altcoins and wait to sell high. Lastly, you can invest the third part in ICO. Investing into the private sale or presale of good ICOs, will enable you to get their tokens cheaply.
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This reminds me of the time i just started in this space. There were some decisions i made amidst uncertainties that lead to loss of fund, loss of opportunities and waste of time. I were times, most especially on two different occasions that i can remember, i thought those coins had reached their ATH, not knowing that they would pump more. I also missed buying some coins at the right time due to fear.
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One very important thing i always ensure whenever i have coins to sell, is to be contented with whatever profit i have. Greediness can make one to miss golden opportunity. There are times that, because of our greed, when we see profit, we would take it and at the end, it dumps again. Most times, when in want to is ll, i look for opportunities, such as big updates. Most time, i look around for big news, because, this would drive the price higher.
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There is a populating adage that says "winners never quitter and quitters never win." How are you sure that after leaving the crypto space, you won't meet more challenging situation than even what you are seeing now. As a matter of fact, i do not expect any determined person to accept defeat, just because you lost some money to crypto, you then decide to leave. Stay and get back what you lost and not only that, but to also get more profit.
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I am a fan to coins that grow steadily, instead of a pump and dump coin. I usually look into the historical data of every coin i intend investing, so as to know the nature of the coin. Aside this, there are other factors i consider. One of which is how active the team of coin after listing is, because updates are very essential for the continuous success and growth of the coin and project. I don't also buy along the trend, i buy at some designated points.
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Not all altcoins are dumping. I know of quite number of altcoins that despite the fall in the price of bitcoin, they still rise. Some times, it even is seems the trend of their prices is in the odd direction. Some of these coins rise when bitcoin is falling and on the other hand, they fall when bitcoin is rising. A very good example of that is MTC. Although, most altcoins are falling because of the fall in the price of bitcoin, which might be as a result of the activities of some manipulators.
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Wow! This is amazing. My focus has been on investing. I have always looked forward to buying coins at dip and sell high. I have done that successfully many times and a time like this is another good moment to buy more of these good coins and hold until it appreciates in price. My second line of focus is on bounty and ever since i started, the experience has been amazing.
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To be candid, it is not an easy thing to read whitepaper. As a matter of fact there are some that are so voluminous that you just get bored before getting to half of it. There are even times you get discouraged at the site of them. The strategy i use most times, is to read the introduction first, which would give me some idea about the project, after which i would go through the salient points, such as the team, usecase and the roadmap. If the pages of the whitepaper are not much, i can still manage to read through.
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I feel if you have the free time to do that, you can. Most especially if you have no other job you are doing. There are lots of opportunities in promoting ICOs through bounty campaign. If you already have a job, do not quit, because this will just serve as an extra source of income. I have friends who are doing this as full time job and they have not had any reason whatsoever to complain. They live fine with it.
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Investing into altcoins i believe will give you better and huge returns. Personally and from the testimonies of some friends, i discovered that this year is more profitable for altcoins holders and this trend might continue. Buying and holding altcoins now is a privilege that no investor should miss. I had the opportunities to invest into some altcoins some few months ago, it got to a point that i started blaming myself for not investing and make use of the opportunity.
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