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This seems like a modus operandi for more and more shady and semi-shady projects. Implying pressure on the team is indeed the right tactic, as they cave in a lot of times. I did not participate in this particular campaign, but fingers crossed that you manage to corner them and achieve your goal.
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Well, of course most of the people in this sphere would prefer that bulls would wake up every couple of months so they could exit at the high and enter again at the low, but at the same time I am not stressing about the current situation. They will come when all things needed align.
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Dont screw around with taxes if you are from USA as you can rapidly find yourself in some IRS dungeon getting waterboarded. No but seriously, I am mostly holding so I am not that worried about it, especially because those crypto terms are still not firmly established in our country.
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Those are some apocalyptic warnings  . If you are invested in strong projects with earthquake proof fundamentals, with active teams that are not spending their collected funds like lunatics for superficial materialistic stuff, you are much safer than holding a bag of "soon to moon" semi-shitcoins. So no, I am not worried about those warnings at all. |
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Most of the mentioned projects in the OPs post apparently dont do enough research prior to opening their bounty campaign and then when the time comes for distributing the rewards, they poop their pants when they became familiar with potential regulatory violations. So its kinda understandable that at the end they try to enforce the KYC process and consequentially piss off a lot of token hungry bounty hunters.
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Lets be honest, very few great projects need the assistance of bounty hunters to market their product and attract new costumers. 95% of projects behind the campaigns will fail right at the beginning of reaching the market/exchanges and a lot of the remaining ones will wither in time, but bounty hunters can play a factor for these projects to collect at least some funds, that is true.
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You will be rapidly learning from your own mistakes like in every aspect of your life. But its really easy to eliminate most of the dangers out there. Just follow the rules of not sharing your private keys under any circumstances, dont click suspicious links, always double check everything, dont trust the people you encounter randomly etc.
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Well the most obvious answer would probably be the necessity of the KYC procedure and not being paid for your work because of some non-legitimate reasons. Issues like too much participants being part of a single campaign is unavoidable, but yes, those two aforementioned issues are the biggest thorns in my heel.
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There should be couple alternatives to tether in existence as we are all aware of the shadiness of the aforementioned one. But why not the more, the merrier and in the end the market will decide which ones will prevail in the long run and which ones will crumble back to obscurity.
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Don't day trade if you don't want to get wrecked. Swing trade is a much better alternative especially for non-experts in TA. Its much easier executed in an upward trend, but if you are desperate and bored of the sideways market, give it a try.
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Haha, traitors is way too harsh of a word for people who got burned in the previous bull run. Its completely understandable that people who have very little interest in the actual tech behind the industry and got in the space only for the monetary gains, exited after being burned. Our main point of interest right now should be institutional money.
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Well I would assume that it is a known fact to most people that the social media campaigns dont have any intrinsic value for the projects and their ICO/exposure, but it can still lure newbie investors into investing when they see a big community, a lot of retweets, followers etc. so I suppose they are still somewhat valuable to an extent.
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