I don't think i will agree with you on the idea that poor people are ruining the crypto ecosystem. Poor people don't have enough money to manage themselves and even think of investing their little money into cryptocurrency. people who are poor do not invest. So how can you tell me they are the people ruining the crypto space. I strongly believe there are no or little poor people in the crypto space. The crypto ecosystem is being ruined by greedy investors who have little understand about how this ecosystem operates. All they see cryptocurrency is a get rich medium.
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Anyone who will describe Bitcoin as not being money is just ignorant and also a dumb person. 'According to ( http://www.businessdictionary.com/definition/money.html)' , money is described or defined as anything of value that serves as a generally accepted medium of financial exchange, legal tender for repayment of debt, standard of value, unit of accounting measure, and means to save or store purchasing power. This perfectly explains that money can be in so many forms so far as its accepted as a means to exchange for goods and services. Bitcoin is just an advanced form of money.
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It is a nice initiative that you want to help newbies understand what bitcoin is and everything relating to the technology running it but I think post thread will be very helpful at the Beginner & Help section. that is where newbies and average users with little information acquire basic info about everything related to cryptocurrency and blockchain technology. You should try and open that section and share your in-depth knowledge and understand on Bitcoin and Blockchain technology there.
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If your description of useless is based on the prices of most altcoins or the rate at which its prices fluctuate then I don't think I will agree with you on that. Most altcoins have the aim and purpose of improving the services provided by the top cryptocurrencies. Some also present solutions to gaps in the world. Altcoins are very needed in the crypto space..
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Well, there are high possibilities that the crypto ecosystem or market might experience the bull run. But the questions majority of the people in the crypto space are asking is when is this bull run coming?..... Based on my personal observations and analysis, I don't really believe that there will be a bull run like what happened in late 2017 to the early stage of 2018. Right now, the crypto market is kinda in a stable state. some kind of stabilization effects are taking over majority of the prices of the crypto coins.
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The current situation of the crypto market is not a good period to invest in just any ICO projects you come across. Most of these projects after raising huge sum of money from their ICOs, they list their tokens on cheap exchanges and also dump the tokens. Dumping is the real killer of tokens not listing it. It will be advisable to invest in the already existing crypto coins than investing in ICOs thinking you can make huge profits. There are a lot of scam ICOs projects..
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. Is the Bounty hunter really a Dumper and scamer so that they are only given a small wage for what they do with all their heart?
I don't think bounty hunters are the cause of the dumping. Distribution of huge number of tokens to investors in the form of discounts makes investors get a lot of the tokens. Investors are the real cause of dumping. Bounty hunters usually get almost just a small fraction of the total tokens being distributed. Joining a bounty campaign can either be worth it or not at all. I will suggest that before you join a bounty campaign, bounty hunters need to do some research about the project and how feasible is it to the crypto ecosystem.
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This is a time we all need to be very careful. So many will be coerced into selling what they have, but i tell you, never allow yourself to be deceived. It will definitely get better. A little patience will not harm you. Times like this will surely come, only the strong can overcome.
It's never about when to sell your coin or what people say about a particular crypto coin but it's about understanding how the crypto ecosystem operates. It's always advisable to sell off shitcoins immediately they are listed. If you hold such coin for long, it's will become worthless and useless to trade with..
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That will strongly depend on the bounty project you are participating in. If the bounty is paying in a crypto coin which is already in the crypto market and has a good 24 hrs volume then it can be worth it if you spend your time participating in it. For that, you are aware of the possible amount of money you can make at the end of the Bounty. But for the ones paying with their tokens, its a 50/50 probability. It can be really worth it or just a waste of your time.
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Cryptocurrency was created to be a better form of fiat money. It provided the solutions to the problems the banking system failed to solve and also the imitations of the banking system and the world financial ecosystem as a whole. The world is gradually getting the concept behind the use and creation of cryptocurrency and this has increased the survival rate of it. It has survived 10 years now what shows it will not survive in the remaining years???
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a very big opportunity occurs when the altcoin price drops, you can increase your investment with the remaining capital. the price is very falling. You can get a huge profit when the price returns in the future
Sometimes a drop in the price of a particular altcoin indicates the downfall or the end of that coin. I invested in a coin when its price dropped from $0.70 to $0.30 with the hope of making huge profit if the price should go back to $0.70. As at now, the coin is just worth $0.004 and i lost about $500 out of my initial investment. Not every drop is an opportunity, some might be a death trap to your financial investment...
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I don't really understand why people in the crypto ecosystem like comparing Ethereum to Bitcoin. Ethereum was actually developed with Bitcoin being the inspiration behind. Bitcoin was the first successful cryptocurrency and Bitcoin is the king of digital currency...
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The price of Bitcoin is not gonna go high as it did in 2017. Its gonna have a steady range of prices throughout this year and next year. If there will be a bull run, the price of Bitcoin will be between $10k and $15k at its maximum. The crypto market is getting a stable ground in the financial ecosystem.
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Are you assumptions and predictions related to the market price of bitcoin or the popularity of bitcoin been replaced by XRP ?? IF this is based on that, then i don't think I will agree with you on that. In terms of popularity, Bitcoin is known worldwide and its the widely used cryptocurrency has it stands now. Both ETH and XRP have very good potential but I don't think they can surpass bitcoin or even replace it..
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I believe its high time for bounty campaigns to set a fixed payment plan for bounty hunters. Sometimes its quite sad to join a campaign and work for about six months and your tokens are just worth $10 or $5. Bounty hunters are been taken for cheap here. Most times, the tokens will not be listed making them worthless. I wished something can be done about this.
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So, what does KYC mean? I always hated that thing, mostly because I feelt it is an unnecesary leak of information.
With these times and all the shitcoin scams and real waste of time and money I came to the resolution that we need a new meaning for KYC. Know Your CEO.
Definitely, the new meaning for KYC should be know your CEO. There are a lot of scam projects all over the crypto ecosystem which is making investors lose huge sums of money and also driving out serious investors away from real crypto projects. I think I support this new name and direction.
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Ripple is one of the most stable coins in the crypto ecosystem right now. The market price of Ripple has been between $0.31 and $0.32 for the past one month and can be considered as one of the most stable cryptocurrency.. There are other coins that are stable but for me Ripple is my stable coin so far..
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Your project needs to have a precise and tangible aims and visions for investors to understand and know what they will be investing in. Public promotion and awareness are the great tools needed for an ICO to be successful. The more the general public is aware of the launch of the project, the more investors get on board to invest in the project. This will have a positive response to the ICO.
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The current state of the crypto market is actually an opportunity for investors to invest and make about 70% profit of their initial capital. I think this is the cause of investors coming back to invest in Bitcoin. The price of Bitcoin keep rotating within a range of values which are easily predictable .
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