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You actually think its a good idea to ask for the "best coin" from random people over here? Do you really think you will get an honest answer which is not biased at all? People will tend to support coins that they have invested into no matter how shit that coin is. Again, different legit coins have different unique features. So, they are actually incomparable. So the best thing to do is analyse the coins yourself and you decide which one is actually the best.
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This does not mean you will end up suppressing your emotions totally. Having emotion is a natural thing. Trying to suppress it is unnatural. Trying to do something against the will of the mind, might not affect you in short term, but will have huge impact on the long run. If emotions are interrupting your investment, it is better to stay away from it because it is a clear sign that you are actually not ready mentally and not fully aware of the probable consequences.
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Then you couldn't do anything about it it is up to the market if what you hold or what you get would have a value,
Because honestly I don't think that most of the ICO's nowadays really have a value some of them are just a scam.
So if you have a token that doesn't have a value then there is nothing that you could do just wait till it gets a value .
If a token does not have a value, just holding them won't magically make them valuable. If you do not think that the project has any potential, or the progress has slowed down or is now at halt, there is no way the value will be increasing in the future. The best thing would be to dump those tokens as soon as possible to minimize your loss. |
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We may be early adopters if what we all hope to happen to crypto world really happens: and that is worldwide adoption. In that case then we can say we are early adopters in that crypto world will grow massively and by then we might have known how best to navigate around and may have gained some advantages over many.
So you are saying that if the world does not accept bitcoin or other crypto currencies, we are no longer "Early Adopters"? What kind of logic is that. Early adopters are those who got in early and invested on crypto currencies. It does not matter if the world adopts it on later stage or not. They are still the early adopters. It hasn't been a decade since bitcoin has entered the world. Bitcoin and other crypto currencies still on its infant stage and has a lot to develop. We already "invested" ourselves to crypto currency while others are still waiting on it for further development or to see what happens next before they start adopting crypto currencies. Thus we can consider ourselves as early adopters. |
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This is the crypto market, not some ordinary market that happens to follow a trend. The crypto market cannot be predicted. The price may jump or fall anytime. It is true that the market does follow the charts of previous years, but that does not happen every time and might deviate from it. Just remember this, in the long run the market will tend to go upwards. So instead of predicting prices and making yourself uncertain, you better keep holding your investment.
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1) Too much stress.
Yes, I believe you understand me. My mood depended on one or another token value. I couldn't work sleep and eat. I was checking value for 15-20 times per day. I could not live like that any more.
2) Too much time.
Again, when you are checking value for 10-15 times per day it takes a lot of time. I was always tired and exchausted.
3) I started playing blockchain games (not gambling).
It could be called another addiction but I don’t care. I do like it much more. It interesting and funny. It seems like blockchain games take too much time and money. However, it’s not! Trading and bounty take waaaayyyyyy more!
Reason 1 seems to be valid if you are doing short term trading. If you are trading, you should keep an eye on the market 24/7 or you will end up losing opportunities and might suffer losses. It is a stress, but you must do something to get something. The gains will actually remove your stress. And yeah, if you are trading, it will take time. But, if you know how to allocate and utilize those times properly, you will actually be spending less but more efficient time behind trading. |
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In recent times there has been several ICOs introducing KYC for bounty hunters, and that has made many Bounty hunters to feel bad.
I would like to share my opinion over this issue. I never see KYC as a bad idea, KYC will actually reduce scammers from using multiple accounts for one bounty and that will also give the genuine hunters the space to earn more in their bounty hunting.
The place I have issues with ICO projects running bounty programs is the idea of some projects that introduce KYC at the end of the bounty program which I really feel it should not be so. It is the same thing as those who used multiple accounts during the bounty because it will still reduce the amount the genuine hunters will earn.
If KYC should be introduced at the end of bounty, the left over coins/token should be distributed among the genuine hunters otherwise I see it as the same scam to the genuine bounty hunters:
Anyway, this is my own view, If you have a contrary view, please share it. I would like to know more also.
Announcing KYC submission requirement at the end of the bounty is actually an unethical thing to do. If they wanted users to fill the KYC form, they should have been warned before the users join. Some users like to stay anonymous and hesitates to share their identity online. So, legit bounty hunters like them might end up suffering. Again, those project that turns out to be scam, might also scam your identity by selling it at the black market. KYC has both its advantage and disadvantage. |
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I do agree with the part where you say "Fiat will die and crypto currency will take over". At least not now. Replacement might take more than few decades if that is about to happen which is very unlikely. Though, fiat and crypto currencies might start being used side by side instead of one replacing the other. We might even see different nations trying out their own crypto currency (though i doubt they are going to be decentralized) and make them mainstream.
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Sure its the end of the crypto, everybody pack your shit and go home. Get a regular low pay boring job for 8 hours daily.
How many of us can even get a decent jobs that can pay well? The unemployment rate is increasing across the world and many people are taking up job that they did not like. Cryptocurrencies is a savior to the unemployed one. It has help us to make money online and most of us that has developed skills in trading are making twice amounts that any job can offer. The truth is that crypto will never end because it has create a very big cycle that will keep it existing. Crypto currencies are not creating any kind of online job. There were online jobs before. Forgot about online freelancing? Those existed even before crypto currencies were invented. You used to get paid in fiat. Right now only the form of payment has changed. Nothing else. Secondly, trading is not a form of job. So don't be comparing it to job, rather than a form of gambling with risks involved. |
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First this first, bitcoin can never remove any kind of poverty from a society. Poverty will exist as long as there are different class of people. If everyone becomes the same class, everything will come to a halt. -Corruption
Corruption occurs when a system lacks transparency and efficiency. Bitcoin uses a decentralized peer-to-peer transaction system where every transaction is recorded in the system and no transaction can be made without being verified by the mediator (miners). Blockchain consists of an ongoing chain of blocks that act as ledgers for every transaction. These blocks are there for ever. The records can never be deleted or tempered. This process ensures transparency and enhances reliability.
Corruption will still exist even if bitcoins or any other crypto currency is used. We need to change the people in order to remove corruption, not the financial system. Though it will help us to minimize the corruption to some extent.
-Financial Exclusion
Financial institutes, specifically banks, at present provide a lot of useful services but with high interest rates. These services then become meaningless or unattainable for the middle class people and impossible to avail for the poorer. Hence the poor are never able to attain any of the banking or financial services due to high rates of interest. Bitcoin has a solution to this as well. Bitcoin do not require you to pay any high interests or transaction fees to avail financial services. You simply join in and have a software wallet (or any other as there a number of different wallets to keep your money). You just need to pay a very little fee on transactions otherwise no charges. Hence poor people are not excluded from the system.
Not sure what do you mean by this. You are saying they provide "useful services". What kind of services do you mean? Is it the loans you are talking about? Then how is bitcoin going to help in this case? If someone lends you bitcoin, they will be looking for interest for their own profit. The price fluctuation might also mess up everything between the lender and the borrower. |
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Who is working for the project, that is the development team is a key factor here. If they are well known developers with high profile, chances of the project being successful is high. On other hand, some new developers working from their basement will not get much popularity and chances of them just being a scam project is also high. But this does not mean that all unknown developers are scammers or something. Also, how they promote the project also plays a vital role. They need to create a hype so people can recognize them.
The best thing to do is read the whitepaper, look who are working for it and check for the potential. All depends on your own analysis and intuition.
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With many trading exchange platform being formed daily, as an Investor what do I really need to look for to know a good trading exchange?
Trade volume is something you should be looking at when choosing a platfrom to trade (beware of fake exchanges with fake volumes!).To get a list of exchanges, try going to coinmarketcap. There is a tab that lists top 100 exchanges according to the volume. Currently binance and Huobi is at the top. I do use Binance and faced no problem with it. They have a good number of coin listing and the limit for non verified user is high enough for a casual trader. |
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Depends on what kind of profit you want and how risky you want to be. Short term investment will give you a burst of profit in the short run but with this comes higher risk of losing everything on the short run. On the other hand, long term profit will give you a decent profit but the time taken to receive those profit is actually high. In this case the risk is less since crypto currencies tend to increase in price in the long run.
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Honestly speaking, you are better off investing on bitcoin rather than joining those bounty programs. Investment will give you steady profit in the long run (depends on the coins you have invested). On the other hand, the value of the rewards received from the bounty program is actually unpredictable. The prices might be total trash and you would have spent a whole lot of time behind those ICOs. But if you have nothing to use as investment, then free tokens and those bounty programs are actually a good start.
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Recently I heard about Bitmex, it is a research team and I got so intrested in what theey are writing. Especially one article caught my attention. It was about ICO projects. This research publishes a new report analysing the Ethereum holdings of the ICO projects. They establish that the ICOs have already sold almost as much American dollar worth of Ethereum as they initially raised. They sell ethereum on more than 5 billion dollars. What do you think about it? How is it going to affect ethereum in the present and in the future?
And, not exactly on our theme, but still. What sites do you usually read if you want to know news about cryptocurrencies and some researches. We all read a lot before choosing an ICO to invest, but what sources do you trust the most?
I use most of the renowned online news portal. But, I do admit that most them are actually really biased, so I sometimes do my own analysis before the I start trusting or believing those articles. The best thing to do if you want information about ICO is to go through this forum and ask for peoples opinion, read their ICO thread and gather as much information as you can. |
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I see that there are many ICOs that fail because of lack of funds even though the concept is good and potential, isn't it if the project is funded and realized the project will be successful and profitable for investors?
There are various reasons why they might fail. One of the common reason is that they are clone project, that is another project with same features already exist in the market. Another reason might be the developer team aren't reliable or totally new. The way they promoted the project might have been weak so people may not have heard about the project. The final reason might be people realizing that it is actually impossible to achieve what they have promised. |
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Actually no one is responsible for the scam projects that are emerging. We will see them as long as crypto currencies exist since its a free market. All we can do right now, is to make sure we do not encourage those scammers by investing on those scam projects. We need to make people aware of that too. If people starts ignoring them, they will eventually get tired and will quit.
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Bitcoin and altcoin will have the opportunity to grow stronger! Most countries that do not have a management plan for Bitcoin and altcoin are banned or restricted from using Crypto!
If the government starts accepting crypto currency, this does not automatically make crypto currencies very strong. In fact, the opposite might happen. They might end up getting weaker depending on how the government tries to handle crypto currencies. If they starts regulating them heavily and imposes strict laws, the crypto currencies might become a centralized thing which we do not want. |
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Those who consider crypto-currency as a ponzie scheme does not actually know what ponzie is and how it works. Ponzie makes you invest money on it, get more people to join you, will promise you to give a fixed amount of profit and will run away once they have enough people investing on the ponzie. In case of crypto currency, no one forces you to buy it, there is no one who can run away with your money and it never promised any kind of fix profit.
In case of terrorism, we have seen this kind of activities taking place from the very beginning. Fiat money is heavily regulated, but still money laundering takes place and no one can do anything about it. If you blame crypto currency as a source for funding terrorism, you should equally be blaming fiat currencies too.
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If they were able to predict the future price, all those predictors would end up being really rich. Honestly speaking, no, you can not predict the price of the future. The market is very volatile, uncertain and unforeseeable. All you can do is follow the previous chart patterns, since the price does eventually follow the patterns of the previous years, but in a different way.
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