There are so many tokens that people are having a hard time using them in real life as some have overlapping features. Like privacy coins, instead of choosing one cryptocurrency, people use different ones--dividing the popularity of a coin. On the bright side though, unique projects are easier to spot now.
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The best possible future for bitcoin is that it isn't pegged to any currency. A time where 1 bitcoin is just 1 bitcoin, not 1 bitcoin = $6700. But of course for that to happen, large scale adoption must happen, and that will take many time.
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Majority of people who should know about cryptocurrencies last year have crashed and burn at the last pump. Now they have learned and would not do the same mistake again. That being said, it will get harder from now on as the attention for cryptocurrencies have subsided.
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Government should decide whether they would support the use of cryptocurrencies or not. This is what hinders the public from using it as a payment option or to any possible use case it may bring. The key to getting into mainstream is assurance from the government that anyone using it does not violate any law.
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The agriculture sector is a big industry that is not completely maximized. By integrating blockchain in it, its potential will yield outstanding results that can be beneficial to the society in the future. Which is why I think Pavo is one of the best ICO this year. If you want, you can check out my signature. (My opinion is my own. Take it with a grain of salt.)
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The market's trend atm is organic, which is healthy IMO compared to the previous bull run. Price growth are more reasonable which led me to think that we are in the accumulation phase, that is, preparing for the next bull run in the last quarter of this year.
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I've been using blockfolio to track my holdings. I has a very basic UI and most of the features I need are there; no complications or other unnecessary buttons and ads. Though some of the exchanges that a certain coin was listed into might not show up there.
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Google will be the one to benefit the most if they would adopt blockchain tech and create their own coin as they have a large audiences which use their platform in their every day life. However, it is the very same reason why they are not yet doing it as migrating to a new environment (blockchain) will take many considerations.
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All alts are paired to the price of bitcoin. Which is why when bitcoin goes down in price, alts go down with it; vice-versa. Now there is a time last year when bitcoin is tanking while alts are mooning. This might be an isolated case but generally, the previous statement holds true most of the time.
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If its ERC20 or pre-mined, I sell right away. There might be some exceptions but from my experience, most of the said coins who dump don't recover well and die. Thought it might be a case to case basis like for example, you participated in an ICO. Most of the investors sell regardless of the market condition because the had large bonuses.
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The whitepaper is there to give an overview of what the project is about, nowhere does it say that all information in it is true (most of the time it is included in the disclaimer). Hence, I don't believe in it fully. In retrospect, some whitepaper looks professional and credible but in fact it is a scam.
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Too soon to say that the market has recovered now; bitcoin and most alts are still in the red. It seems to me that we are just in the accumulation phase and getting ready for the bull run in the last quarter of this year.
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Bounty hunters are the first to sell their tokens, as they did not buy them.
They are not investors and they want to take their money as early as possible
False. How can they be the first to sell if the tokens are distributed later than the investors? This is a common practice with ICOs having a bounty campaign. There's also some instances that bounty tokens are vested and hunters are forced to wait for the tokens to unlock after 6 months. Now, who do you think sold first?
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You can check their linkdin account, see if their connections are legit. Don't judge an ICO solely on its whitepaper; it may be plagiarized or greatly romanticized to deceive many newbie investors. You also have the right to demand to see if they have the proper documents for their project to operate.
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Choose the best project for q3
1. MFChain - similar to UTRUST but has more advantage (see website) 2. Electroneum - pioneer in mobile mining; has a strong leader (Ells) 3. EXRN - similar to neo-gas but on a larger scale (more details in its website, whitepaper not available yet though). Already trading in some exchanges. Take these with a grain of salt.
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Bitcoin price may decline but you have seen that others altcoins price seem to follow the bitcoin. So I think at this point it is kind of impossible for any coin to beat Bitcoin.
The future is filled of uncertainty, you can never tell what is impossible and what is not especially in this space. Some people said before that bitcoin would never reach another ath since mt. gox but look at where it is now.
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The whitepaper states in detail what a company will do once it accumulatea funds from investors. They can start a bounty without whitepaper (it might be just a draft and still finalizing) in the pre-sale period. But having no whitepaper once the main ICO is underway is unacceptable and can be considered a scam.
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IMO, scam projects can be easily detected. If the team is anonymous, most likely the project is a scam. Now, if perhaps they are not anonymous, I check their LinkedIn account and their other social media accounts.
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Is it because Ethereum's limited capacity?
I would say it is normal market trend as all cryptocurrencies have been bearish until now. Though ETH's value had been more affected now because of network saturation due to these massive airdrops lately.
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BNB is already in the top 15 of cmc. As I see it, there's more tendency for this coin to drop below than its rank now than to move up since Binance is already popular. Try similar coins like KCS and LGO.
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