We cannot deny the fact that there are scam projects, but that dies not still nullify having good and genuine ones. We are gradually approaching the time that virtually everyone will e able to identify good projects that worth investing in and coins that are good for long term investment.
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The level at which the forum has now gotten to, requires that one keeps searching for knowledge. Not only as regards to the forum alone, but also in the entire crypto space, learning is essential. Only the dead is only fit to stop learning. Inasmuch as one is still alive, learning is essential.
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If you want to avoid taking some steps further to do research on other altcoins, you can decide to choose from the list of coins in the top 10 on coinmarketcap. Then hold them until the next bull run.
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For some of the mistakes i made in this space, there was nothing i could do, than to admit i made the mistakes and learn from my mistakes. Learn, avoid making mistakes next time and move on .!
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I believe in a coin called XYO Network. It might not worked as supposed, but it has a strong and unique project and team behind it. It is the best i have ever seen in its in its ecosystem.
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I think someone once ask on another thread if eth can be paid to bounty hunters instead of paying with the token, peradventure they are afraid that their tokens might get dumped. You suggest paying in cash over crypo, which i think might not work.
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I think there is a stipulated amount needed to start an ICO and if that is not available, i do not think a startup will be able to bring up anything good nor achieve anything meaningful. Most times, it is this fund that is used for the financing of the project, just for it to succeed.
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I do not think anyone can really predict the exact time that the bull run will start. My suggestion is that we should not lost hope still, because there are a already signs that it is near.
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I feel trading is much better than bounty. For every trade done well, you can make the profit that is far better than what you would have if you participate in bounty. There are even times that you might be paid meagre amount for a long stretched months for of works.
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I still perceive that eth is going to rise behind where it is now. It even has the potential to make more than x5 of what it is now and not only that it is used most times by lots of investors.
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Before you can conclude that a coin is good, it means you would have done a lot of research on it. At least you would have read and digested the whitepaper. Then, one of the most important thing is to be sure that it has active team behind it.
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All that happened this year in the crypto space has shown that cryptocurrency is not a cycle. Things really and do change, because several predictions made due to some happenings sometimes ago, have failed, since history most times does not repeat itself. We may not have bull run early enough this year, still things might change.
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The incessant flow of scam projects is giving crypto enthusiasts more exposure and it's like many investors are now becoming resistant to them,because their tactics are just being revealed. 2018 is a year of lessons. A year to add more knowledge about crypto, most especially on the do and don't of operating successfully in the space.
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Greed is the root of downfall. Most of those that have left the crypto space today or that have lost hope in cryptocurrency were mostly driven by greed. This happens sometimes when some are trading, they would see profit, but will decide not to pick it. Instead, they will be looking for 1000% profit. Little do they no that no matter how a coin increases in price, it will still retrace. Pick your profit with all modesty and allow others to take it up from there. Do not be greedy to feel you can take all the profit for that trade.
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If the adage "Experience is the best teacher" is applicable in different spheres of life, it is definitely applicable in the cryptospace. Those who have been in this space for quite sometimes now will be able attest to the fact that the experience they have had through encounters with different projects and coins on different exchanges, is now helping them to be able to identify at least to an extent both genuine and scam projects. What could have aided this could be due to the fact that there is no regulatory body, alongside other reasons in the cryptosphere. So, the more your level of exposure, the more your experience and the better you become.
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Your money can be safe in crypto, depending on how you handle it. That is why it is always recommended that you use hardware wallet, which is 100% safe. Asolso you exchange accounts should be secure with 2FA.
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Those who know about crypto and have been in this space for quite some time now, have now come to the understanding that crypto has got a lot of future prospects. Blockchain technology itself, has been embraced by some countries, because they understand the immense benefits it has.
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There are lots of fluctuations in the prices of cryptocurrency, which is why it is said to be volatile. Therefore, if the it dumps or all coins dump, most especially the genuine ones, they will still find their ways up. You can always trust that a good investment, if done for long term, will still bring you its profit.
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Apart from mining, just one out of all that is listed can make you to earn altcoins everyday, which is trading. Whenever you want to go into trading, ensure you get it done gradually, do not rush. With a gradual process, you will learn more. Trading can be very interesting, but it requires a some skills.
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Why don't you keep that ethereum, then if you have fiat, you can then buy another st of ethereum coins and use that to invest. Also, if you want to invest, o not based your selection on the suggestions made to you alone, but ensure to do your own research and make a good decision from your deductions.
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