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The bubble has long burst for deflationary tokens. While it was good when it lasted, deflationary tokens and projects weren't designed in such a way that they can last the test of time in the industry. While some of them did very well, some have continued to struggle leading to their complete phasing out. Several deflationary projects that were developed during this period neither had any use case or future. They tailored on the success of Bomb token hence they died a natural death when things got stuck and couldn't continue. Today, most of those projects are no where to be seen, they were all shortlived.
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It's a shame how these projects keeping getting away with scams and stealing in this industry with absolutely no one or regulating institutions checkmating their activities. KingCasino isn't the last one that will do this, I forsee a lot more to come. The incident with Kingcasino reminds us all of how porous this industry is and how much we need regulations to address this situations. Without that being put in place, the purpose of blockchain could be defeated in no time.
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Not isn't applicable to only newbies but everyone looking to trade or invest in good coins in the market. There is too much risk associated with the lower coins which maybe very damaging in the long run considering how volatile the crypto market is. Some of this unpopular projects could just go extinct without you knowing leading to loss of massive investment amounts but with the more popular and renowned projects, the possibility of them folding up is slimmer and that alone brews confidence for anyone investing in them.
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I really don't think it matters anymore if a coin supply is huge or small. We have had some projects with huge supply doing extremely well in the market and others with very little supply struggling. A good example is Xrp which with its billions of supply has actually done very well in terms of price growth and stability. This against a project like curio which has continue to struggle even with its 2 million max supply. The main focus should be the use case of the project and its adoptability.
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I get that you are trying to emancipate bounty hunters and offer a way out. However, you forget that most of the options you have suggested are technical and require professional expertise. Not every bounty hunter is equipped to offer such services and if they are out to learn how to become developers, you'd be certain, they will be paying a fortune to learn such skills. For now, i think it's only normal that bounty hunters and airdroppers stick to what they have been doing until they somehow find a way out.
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Altcoins really have fulfilled their potentials as a lot of them are useless and at best redundant ideas and concepts and this is the major reason why they are shortlived. However, there are a lot of them out there with use cases and doing pretty well. The challenge with altcoins is finding the right one to invest in and that certainly requires a lot of effort and research on your part. You need to be convince beyond doubt before investing or holding such altcoins. Generally, the industry still has confidence in altcoins.
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Personally, In the past couple of months, I have preferred ETH payments to btc reason being that, the Ethereum blockchain is somewhat faster, cheaper, easier and more flexible when compared to the btc blockchain. However, recently, the Ethereum blockchain has been marred with several issues of congestion and higher fees making it quite frustrating to conduct business and transactions. This has led me to look only towards btc payments. Until things change, I will stay on btc payments.
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Scammers continue to represent this innovative technology differently and keep putting it back with ridicule thus, placing blockchain and indeed cryptocurrency in the public eye for the wrong reasons. They are the sole reason why there is so much policies and institutions trying to shutdown blockchain. They continually do the worst and this isn't helping. Just recently, another project (Kingcasino) has just made away with huge sums of money belonging to investors. This is one of the several reasons why the industry needs to be regulated and regulations put in place faster than ever.
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I agree with you a great deal and the facts speak for themselves. I have watched binance rise up through the ranks from nothing to where they are today. Not only have they continue to dictate the pace, they have gone about their business professionally, churning out innovations after another, going lengths to ensure customer satisfaction and introducing revolutionary features, ideas and concepts just to enhance better efficiency and experience for the users of its platform. Also, binance has continued its push for cryptocurrency/blockchain relevance as well as adoptions. They should deserve to be ranked up there.
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Binance has continue to dictate the pace for innovations and technological reforms and implementation of some of the best initiatives in the crypto industry and it isn't surprising to see them maintaining a huge level of patronage. Binance has all the needed tools for any trader to be successful, huge volume, security, decent user interface and top notch customer relations. They continue to add to this making users and traders feel completely cared for.
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Not surprised... The rates at which there has been an upsurge in crime in the industry is completely breathtaking. People have adapted to using the blockchain technology for rather unsavoury things and crime rather than embracing its positively good advantages and this is becoming worrisome. It's beginning to give this beautiful innovation a bad name and it is completely disappointing to see.
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Coinmarketcap.com is more reliable, reputable and very much trusted compared to coin gecko. Reason being that, coinmarketcap.com is patronised and used mostly by everyone and for that, they have more followers. Coin gecko isn't as attractive and often used as coinmarketcap.com.
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Depends on the kind of wallet you are using. Trust wallet and imtoken for example offer you the opportunity to toggle on and off the tokens you don't want shown in your asset list when you access these wallets. Unfortunately, I don't think you can chose to delete these assets completely. You can either chose to display them or hide them. Should you want to delete them, maybe you should consider sending the said tokens back to their contract addresses or send them back to the addresses you got them from in the first place.
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Unfortunately, this can only work if we have a group where all hunters can gather together, share ideas and agree on a united front. This is going to be difficult since everyone out there is fighting for their personal and often times, selfish interest. Some won't agree on this and will simply go about their normal way of doing things, making it almost impossible for others to have a say as to how they will operate going forward.
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Experience has taught me huge lessons not to FOMO into any token or coin irrespective of how enticing and attractive its rally may look like. Often times, the market spins on its tail faster than you can imagine and leave you holding unto a huge bag of rekt tokens. Always wait for a retrace before going in on any asset, that is, learn to always buy the dip and not the other way round.
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