The aim and objective of an ICO is to promote their token that is why bounty hunters are paid with the respective token of the ICO they have promoted, most of them wants their coins to trade in an exchange and reach a high capitalization like ETH, LTC ,XRP e.t.c thus traded with other Cryptos in an exchange.
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Personally I always recommend hodling for a newbie in Cryptos the other aspect which is trading is very risky although it is more profitable of which income can be generated within the shortest period of time unlike a hodler who have to wait for days to become profitable. why not hodl your coin as beginner while learning how to trade?
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As a bitcoin user I have faced many challenges of scalability most often when I want to send a bitcoin from a cross platform especially from blockchain wallet to paxful wallet due to delays, as a trader most of my fellow users always demands for a swift transaction which is hardly achieved without increasing the transaction fee.
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'If you give a man a fish, he will eat for a day. Teach him how to fish and he eats for a lifetime"
This quote for me sums ups the best strategy for succeeding in cryptocurrency. Too many people trawl through forums, articles and youtube videos looking for what people say will be the next big coin. All you are doing here is accepting free metaphorical fish of people. A better strategy would be to learn about blockchain, distributed ledgers, distributed consensus and immutability. Then look into geopolitical events, then look into other economic markets outside of cryptocurrency for macro trends and then you will be able to make decisions on solid projects for yourself. This whole movement is about becoming independent so relying on other peoples opinions to form your own is a very dangerous game
People are always after cutting corners to achieve their ultimate aim "to eat fish not ready to learn how to fish" There are many fields in cryptocurrency that when fully utilized will create job opportunities like trading, mining, blockchain developing e.t.c all these jobs are self sufficient jobs that requires taking a personal decision.
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I belief there is the need to avoid bounty cheaters, it is very common to see many people with alt accounts participating in bounties especially social media campaigns to avoid all these atrocities commited by these cheaters there is a need for KYC at the end of the campaign to ensure paying the genuine participants.
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This ruling has vindicated those crypto exchanges against the allegations leveled against them by the banks on the pretext of money laundering or tax avoidance without any proofs to support those claims this has evidently shows the disdainful acts against Cryptos by the banks and tarnishing the images of those exchanges by linking them to those illegality which has been proved otherwise.
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Basically I use technical analysis to determine the trend or direction while trading with my strategy, however the movers of Cryptos market is news I.e fundamentals, e.g when Mt.Gox (whale) dumps btc few months ago it resulted to crash in the price of btc, you just have to be equipped with both TA and fundamentals to be able to have an edge in trading. Trading with intuition will result to losses.
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When those bills are eventually passed by the houses it will bring Malta as one of the leading pacesetter in the area of Cryptos in the whole of Europe more so additional income will be generated for the government from tax impose on exchanges and other Cryptos related businesses.
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Kudos to binance for this wonderful innovation, this by all means will encourage traders who had already ditched their platform for other exchanges to have a rethink, converting these crypto dust that have been ideal in the platform to BNB token which will serves an alternative to payment of transaction fees.
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You should use this forum as a viable place to learn everything related to cryptos e.g trading, investment, mining e.t.c take your time and learn any of them thereafter you can choose a specific one while you retain your full time Job because Cryptos are unpredictable but definitely they can be an extra source of income.
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I have read a lot of bugs in Binance.... and now it happened to me. I can't log in to my account because Binance is not sending SMS. I opened many tickets and only receive automatic response. Send a direct Message in Twitter... and nothing... not a word. Tried to access from my mobile, desktop, laptop, and even a new browser... no SMS to access... Its been like 6 hours now. I even lost my chance of selling my Ncash when it began to fall.... thanks to Binance I read in Steamit that I could access via this link: https://www.binance.com/hw_login.htmlAnyone knows if that link is legit?? Here is the article: https://steemit.com/binance/@topproducerzone/binance-login-fixI strongly recommend CAUTION when trading in Binance... Another alternative is by using google Authentication to avoid delay in SMS 2FA delays, if your phone is android OS download google AUTH this is not only an alternative to 2FA it also secure your wallet against any threat by hackers.
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Blockchain technology as a backbone of bitcoin poses a threat to banks in many areas, e.g transactions: transfer of funds with bitcoin is swift and fast without banking interference usually western union money transfer, moneygram are used by banks for transfer of funds. More so, bitcoin can be save or hodl in a wallet rather saving as a fiat in a bank isn't that a threat to banks? Lost of banking charges which serves as sources of revenues to the banks is fast dwindling courtesy of bitcoin.
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New Data Depicts the Explosion in Token SalesIt’s no secret that token sales have grown exponentially since the start of last year. The extent to which the industry has mushroomed, however, can be hard to visualize in a space where figures referencing billions in capital are casually tossed around. Newly released data reveals the astronomical growth of ICOs and shows the rise in securitized token sales. Token Sales Are Showing No Signs of Slowing DownWhatever way you measure it – dollars raised; ETH raised; number of projects per month – token sales are proliferating. They’ve been on the up for some time and setting records with every passing month. Newly crunched data by Elementus, which derives its information from blockchain records rather than ICO self-reports, sheds light on the rise of crowdsales. It’s created a visualization that shows the slow and humble beginnings of ICOs, back in 2014, and the explosion which subsequently detonated in mid-2017. The visualization shows three crowdsales in particular which tower over the rest, each of which is controversial for its own reasons. The Petro is a contentious project to put it mildly, and its reported $5 billion raised is hard to verify with absolute certainty given investors’ reluctance to comment publicly on their involvement, and an absence of information on the discounts that were provided. Telegram’s crowdsale has taken place without the crowds, meanwhile, going entirely to private investors, and “Ethereum killer” EOS’ $2.5 billion ICO has amassed over 5 million ETH, which exceeds 5% of the total supply. The Number of Monthly Token Sales Keeps RisingElementus has also recorded the number of token sales to have raised at least $100k, and found them to have grown every month save for a slight dip in December. In March, 174 token sales were completed, which works out as an average of six a day, and just two more than February’s total of 172. New Data Depicts the Explosion in Token SalesOne of the most interesting graphs, arguably, is the one showing the rise of security tokens and SAFTs (Simple Agreement for Future Tokens). A year ago, Reg D token sales were virtually unheard of before suddenly jumping from six in November to 23 in December, and 36 in March. Reg D enables crowdsales to raise funds from accredited investors and has no cap on the amount that can be raised. The drawback of course is that these fundraisers technically aren’t crowdsales as the public are unable to participate. The next explosion that’s being predicted is that of Reg A+ token sales. These are more like a mini IPO and enable projects to raise up to $50 million in a year. Numerous applications have been made to the SEC for Reg A+ accreditation, but due to the time it takes for an offering placement memorandum (OPM) to be scrutinized and approved, the floodgates have yet to open. Once they do, securitized crowdsales will officially be open to the crowds, whereupon U.S. investors will be free to join the march to tokenization. Source: https://news.bitcoin.com/new-data-depicts-the-explosion-in-token-sales/
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Personally I was expecting the pullback it obvious the price broke through a resistance at $9K and definitely a retracement or pullback of the price to touch resistance turned support before any possibility of the bullish movement of the market presently the dip is playing out hopefully the trade volume increases in the next 24 hours.
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I looked at my pc screen 247, 20 hours out of the 24 hours in a day. I am familiar with all the trading signs like hammer, inverted hammer, doji. But even with these I still lost while trading. Most times, I decided not to trade without news from a particular project but even with a huge news like partnership, burning folks, I end up still losing. What's really the cause? And how can I trade without losing much?
Firstly, you should familiarize yourself with a good trading strategy having learnt some Japanese Candlesticks patterns as an added advantage. Secondly, your trading should be Long term based with aleast a daily timeframe this will enable you to adequately analysis a trading set up before pulling the trigger to buy or sell gradually you will be accustomed to trading without spending much hours.
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Before my participation in any bounty I researched more information about the ICOs and the token to be earned how useful is the project of the ICO? is it a solution to the society in general? having equipped and convinced myself with all the necessary information as regards the ICO and potentials of the token I always ensured that I hodl those tokens for long in my wallet before selling part of the tokens.
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The popularity of bitcoin is associated with it's decentralized feature it is very obvious the financial institutions are trying to use ripple a centralized crypto to override bitcoin of course there mission is dead on arrival and wouldn't be accomplished, elimination of a third party in transactions is widely adopted to bring trust in a system is a highly welcomed idea.
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I believed the predicted value of bitcoin by Bill Baruch of Blue Lines Futures must have been based on certain analysis which was not revealed, all these predictions must have been thoroughly scrutinized before being published and from technical point of view it seems bitcoin is heading to $11K as predicted a major resistance is at that zone obviously pullbacks might occurs but the price will get there.
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I participated in many aridrop projects. It's usually scam and does not pay me. Now should I continue to join the new aridrop project? Please give me your advice.
Personally my participation in airdrops is selective I often I applies in airdrops attached with a bounty those ones has a prospect of hitting an exchange coupled with a reasonable value unlike some airdrops that will never make it to the exchange and becomes a dump I have many of them in my MEW wallet.
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Using bitcoin as a payment system has proved to be a better alternative to PayPal, skrill, webmoney e.t.c a good feature to that effect is the ability to track and trace your funds using a transaction hash in the blockchain this feature cannot be found in other payment system and obviously bitcoin payment system has a fast and swift transactions.
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