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I know people are fed up holding coins for long time and I don't blame you guys, since 2017 every altcoins never go back to their all time high again, this is not encouraging at all, but still be prepared, maybe the that day we've been waiting for is already around the corner? Hold what you can and take profits too, just be prepared for both sides.
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I'm not interested in DeFi projects presently, I believe they are slowly fading already, I'm focusing more on top altcoins and few new altcoins like Polkadot and Avalanche, others are bitcoin, ethereum, EOS, neo, and litecoin.
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It looks like the price will still dumps more because not even 50% of the bounty tokens is been sent out yet, they start distribution from the low earners to high earners, if you have the chance you should sell now or if you believe in the project you can sell some and hold some
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I've spend hours on this bounty project in the past and I saw something I don't like, the use case is very popular, meaning they have too many competitors in this space, secondly they tend to use small exchanges to raise fund, I challenged the team and they said they don't care about raising fund that they got the money. If it's true that they have money why no top exchanges?
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You making it look like only DeFi projects carries the highest risks here, there are scam projects in crypto space that don't include decentralized Finance in their network, warn people about this instead because it's pointing to all crypto projects in general
1. Projects will high yield investment plans
2. Projects with invincible team members
3. Projects that are listed on low exchanges only or uniswap
4. Repetitive use cases
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There are various kind of old crypto projects that has no team but still they are among the best projects today, I believe this happened because many old projects followed the footstep of Bitcoin, bitcoin would have been in tougher situations if the team or ceo is public I believe but today it's a complete different story or should I say experience? Since the birth of ICO we've seen tons of scam projects that aren't scared of revealing their faces even when they knew they are going to exit scam on investors fund, so for me hidden team members or not still doesn't make a difference..
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Escrow is very good, it gives more confidence to promote a bounty project but few projects that paid high rewards this year are not even Escrowed, they are managed by very good bounty managers like bubbalex, I think all we need is good bounty managers like him, the only project I promoted that was escrowed is ARCS from bounty detective and this project is already trading on exchanges before the campaign.
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Since the creation of Ethereum and other smart contract-based and token creation platforms we have seen the number of newly launched projects token created, we now have thousands of dead tokens and coins but many are still create it seems many tokens just come and go.
Do you think we will have a time that there will be no new tokens created and people will stop investing and supporting new tokens or coins?
There will always be thousands of new projects more every year probably, do you know how many smart contract platforms we have in crypto space today? Not just Ethereum only, we have Tron, Waves, Neo, there is blockchain 2,3,4 and relictum pro is claiming the blockchain 5.0 Apart from smart contract projects we have many new crypto ideas from scratch that need to be put into action, you can't stop new projects from getting into crypto space, you just need to build a safe procedure to avoid scam project. |
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1. Don't send any penny to any airdrop project asking you to pay first, even if it's just 0.5$ do not send, imagine if thousands of people send 0.50$ per one head for tokens that's Definitely going to be worthless, that's huge money
2. Airdrops is not necessary most times, that's why majority of top projects don't bother using Airdrops, only very few people are interested in Airdrops now because most times they are complete waste of time.
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Honestly speaking I haven't seen a AI project that works, the last AI project I promoted was DAIN AI, this project has nothing to do with AI gadgets or robots like many other AI project, it's all about addressing and solving artificial intelligence problems, but yet this project is at a HALT right now, the issue isn't even funds, we just stop hearing anything from the team, no updates too.
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I am totally disagreed, If you think bounty, airdrop hunter is only cause of price dumping. Then i want to ask you, who will increase token/coins holder? Who will increase trading volume?
Bounty and airdrop hunters help project by promoting. And they also increase trading volume in exchange.
That is if the project has huge demand, projects that suffers from sell off are those that has low volume and liquidity on exchanges, it's why I like participating in bounties that already listed on exchanges, you can easily judge by looking at it's volumes |
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Not all DeFi projects are scam but majority of them are pump and dump, if care is not taken you can easily get caught in the web, many DeFi offers farming and other earning ways but that shouldn't be all, make sure the DeFi project you go for have more usability available
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Whether we like it or not majority of new bounties won't accept to escrow strategy for unknown reason, this still doesn't mean the project is scam or they won't pay up, project team are the one who come up with their ideas and rules on bounty campaigns, bounty managers will only need to manage the campaign, If bounty hunters don't like the idea they could leave, it's always their choice
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Newbies and Jr members
1. They lose nothing if the project exit scam
2. It's easier for scammers to create new accounts to deceive
3. Most newbies have low experience about managing a project
Full members onward
1. They've sacrifice time and effort to reach that certain rank
2. They mostly won't risk their reputation for scam projects
3. They have good managing experience
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Its easier to trust projects that aim for top exchanges like Okex and Binance this days, scammers can't list their tokens on this exchanges because they will get exposed or rejected, unlike the freedom that UNISWAP is giving it's users where anyone can list crappy tokens or coins
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We all want to be rich in crypto space, I get it but there is possibility that what we want to achieve may not come to past when we plan only to hold coins and tokens for years but how about
Buy a coin and hold like you intended but take profits when the coin shoot up like double Profit up to 2x and buy back when the coin dumps, crypto is like a circle, there will be pumps and there will be dumps, in that process of taking profits and buying back you will end up wining both ways, whatever happens you won't entirely lose out.
Think about it
its easy to say but hard to do because the psychology from each people is different mate, thats why if somebody want to be a good trader, they must learn before earn learn how to control their psychology when their predictions going wrong and stop being greedy when their predictions going right You are right, it deals with experience, I believe OP is able to come into this conclusion because of his past experience, it's not always easy and mistakes will always be made but learning from your mistakes will open your eye more and it will reshape who you really are. |
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It's very hard to trust projects like Unidapp because they have less information and website looks cheaper too, also there is no information about team, it looks more like another new project that wants to ride the DeFi hype and as for those talking about whitepaper you need to understand that whitepaper isn't the most important part of a new crypto project this days, do not trust whitepaper.
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Like the hackers who stole from KuCoin were smart enough to eliminate tokens that were stolen, I think it's hard to trace it
if hackers are using decentralized exchanges. It's enough to piss us off, especially those who have become victims. We can
only see the hackers selling the tokens they stole, without being able to do anything. Hopefully this hacker makes a mistake,
so KuCoin can track him down.
The hacker can sell the tokens through dex for sure but how will he or she sell for FIAT without getting caught? This is the main point that I'm trying to figure out, there is no exchange or platform that swap coins to fiat that won't request for users National I. D card (KYC) |
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Scam bounties will always be amongst us in crypto space, DeFi projects are reigning now and just take a look at bounties section of this forum, you will see many DeFi projects that come out of nowhere, 99% of them are rubbish, I was able to spot DIA DeFi, oikos DeFi, Ferrum and Lattice Exchange because they are just different from the rest, make sure you are picky
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It is of no doubt that many investors detest bounty hunters as they usually attribute the fault of price fall and dump to them, instead of blaming the project teams that do not put things in place to make their projects stand out.
Today, the team equally treat the hunters wickedly as if they're beggars after the hunters have completed the tasks assigned to them.
I recently witnessed a bounty pool of $15,000 with a participants of around 2,000. The bounty bounty was first scheduled for 4 weeks and later extended to 20 without a dime added to the pool.
The hunters endure the hash condition to complete the project and the hunters' were still delayed for several months after the bounty ended. When the started to pay, just 20% was released extending the rest of the payment to over 9 months.
Despite all these, the token price is still not attractive. Are all these hash treatments meted on hunters worth it!
No one is forcing bounty hunters to promote a project, it's a matter of choice, if offer isn't good enough bounty hunters should leave, a bounty pool of 15000$ shouldn't be allowing 2000+ bounty hunters, this means you won't get any reasonable reward from such bounty project, stay away and if it's good enough for you then join. It's that simple. |
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