We cant expect every bounties that we participated in are genuine, part of being a bounty hunter to encounter such incident. That's why doing an extensive research is a must before deciding to join, as much as possible avoid those bounties/ICO requiring their participants to comply in kyc system, well its better to be cautious than regretting what you've done just to earn few tokens or worse dont get any reward that you deserve in the end.
In the last part of your post it seems like you already found the right ICO for you, well congrats and goodluck!
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This is one of the possible consequences for giving away our personal document to random projects for the hope we can earn, hence we tend to abide in the kyc system that they require. But if you're careful and not easily convince by those dev "claiming the value of their tokens will soar high" then you wont end up compromising your identity. IF a scam projects ask for KYC documents then your details will get probably exposed in the darknet but even in most of the counties already our details are illegally obtained and sell for money.So know about the legitimacy of the project before giving your valuable details.
The problem is its quite hard to identify if the project is scam, nowadays scammers are also upgrading as being professional to victimized innocent investors who usually new in crypto world and they are the ones who usually fall into this trap.
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I can comprehend with what you're trying to say, not all of us can bear the situation of the market especially if there's no changes for few months.
We are waiting for the bull run but no one knows when this situation will take place, however if you are aware from the very start how crypto works and what is the flow of the market you'll understand and you wont question why the market is declining.
Nevertheless I believe in the saying "good things come to those who wait" thus I am bullish in the future of crypto and willing to wait until its worth it to sell my coins.
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I received the first week payment thank you manager and zazarb!
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The current state of the market is not really that bad if you know how to take it positively, nowadays many of us are only concern for the value of our crypto holdings but not looking in this technology as a whole thus bear market is devastating to see for them.
Blockchain technology and cryptocurrencies are here to stay as long as many people still believe and support it. In our own little way we can help the market to recover by buying and spreading good news on what blockchain can do if we engage ourselves in this technology.
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During the last months, particularly during the last weeks, Ethereum has dropped spectacularly, and all the tokens that are paired with it have gone -80% or more. Can we say that the dirt has been cleaned and we can now invest at the right price?
The value of eth is slowly recovering but we cant say for now if this will going to be consistent or not, I have a token also paired in eth and its value now drastically drop in exchanges. For me this is the right time to buy since eth is less than $300 at the moment, if you invest now and the price pump then you will surely earn. Since the cryptocurrency market is highly volatile it is hard to say if the dirt's have totally been clean, but with the recent movement I believe that the market is now ready to pick again so you can invest now.
Thats true, although no one knows how long this bear market will last I believe this is the right chance to start investing thus for those who wait for the right timing grab this chance since majority of the coins are in dip.
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Many of us use bitcoin only in exchange/trading site, while bitcoin should be more used in marketplace/online shop. Which one do you choose? Do you prefer to use bitcoin on a trading site or marketplace/online shop? And why do you chose that?
Bitcoin is a digital currency that should be use as currency but because of the price volatility we had the chance to take advantage this and earn through trading. When btc price is around $12k I always use it to pay for my bills and top up my phone but now I rarely use my bitcoin to buy goods, I prefer to trade it however with the current state of the market its not a wise idea to sell at the moment.
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Short term and long term has their own benefits and it depends in your own way of thinking and strategies on how to make profit through it. For me the most beneficial is to be in long term investment because I also have day job that needed my time and focus hence I cant monitor the market frequently.
The good thing if you're a long term hodler is you dont have to worry now even the current value of your coins are not so good since you have the target date or price on when to let go your holdings.
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What do you think? is this a great time to buy altocoin?
Just like what I always say every dip is a good opportunity to invest thus if you have the capital dont hesitate and buy. But remember not all coins in dips are good to put your money, do your research before buying because some of the coins might remain declining and cant even recover when the others are recovering. If you want to be in the safe side then choose the popular coins and well-established.
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What you said is true, many newbies now are only concern for their account to rank up to be able to join in campaigns. For someone who only cares to make money they dont give a time to learn about the market and just go with the flow by dumping their holdings once the market is in dip and that's the problem if you're not aware how crypto works and what is the right way to deal with it. While in fact this season is a good chance to invest in potential coins that is likely to give huge profit when you hold for long period, we just need to make a research to find out the best coin to invest in.
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Do you also plan to HODL coins for so long?
Im a hodler for long term that's my strategy with my coins, I actually set a target price on when to sell and if my expected value didnt reach in the moment I had to take profit then I will continue to hold. There's no pain in holding and less stress especially when you see the market declining. do you agree to invest now or maybe later?
Every dip is a good opportunity to invest, so analyze and decide if you want to take advantage this bearish market.
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Perhaps I will also add a couple of tips: 1. When you enter the crypto market, never be nervous, and be prepared to lose your Deposit. 2. Remember that until you have sold your coin - you do not lose anything.
That's true, its better to prepare for the worse rather than counting ahead the profit that you can generate when you trade because trading is also risky especially if you dont know the basic rule that traders should be aware of. For beginners its important to have self-control, balance the situation and dont run for the market because there's a right timing to follow. Its ok if you lose sometimes, even pro traders cant avoid that situation its a fact that we cant always win. As long as you know your position and has concrete plan then you're in the right path.
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Do you have a preference for collecting tokens instead of selling them? Currently in my wallet there are more than 200 tokens with different values and I do not sell them every time it is listed. I keep them and watch them every day. I was fascinated by the fact that there were many tokens in my wallet and not paying attention to their price. Do you think this is a crazy hobby?
That's alot, did you buy your tokens or you accumulate if from bounty/airdrop? Well collecting tokens are also rewarding in time their value go to the moon especially if you believe it can give you profit in the future. In my case im collecting tokens that is worth to hold while immediately sell the tokens that I think might get delisted in exchanges.
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There are several ways to earn in crypto and this depends on your capabalities and what's best suits you to perform it well.
If you dont have capital to start with you can try participating in bounties particularly their social media campaigns since you're still newbie and unable to join in sig campaign. For me bounties is one of the effective way to earn coins and that's how I grow my capital to invest in different coins when I was just starting.
On the other hand trading is also profitable but requires time, knowledge to be able to do it right and good capital.
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Alt coin are going down and down. When can the market go up again? For me I am holding a lot of alt coins.
Dude cheer up this situation already happened in the past thus its normal for the prices to turns up and down due to the market's volatility. You said you're holding many coins, so then if you're a long term holder dont be too affected in this bear market because there's so many things to look forward and more room for development. Just make sure your coins are worth holding that can solve a real problem so it can give you profit when the right time comes.
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Cryptocurrencies in general are declining not just eth, Its a market cycle that's why we are experiencing price plunges right now. I believe its unlikely for the value of eth to drop at $50 its a very low price, im doing my own analysis and I think this wont last long. Eth is being used by companies with an ICO and we can say they are not affected because their work are still in progress. One of the reason for this dip is the weak investors who panic sell because they are not immune in this situation who only wants quick money thats why they invest.
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Even an expert cant predict accurately the price of bitcoin by december, and no one knows actually however there's still 4 months left before this year end. Last year the price of bitcoin started to rise in the month of august or september (if I remember it right) but at the moment there's still no indication of major recovery.
Nevertheless the price can change unexpectedly many possible things can happen within 4 months thus lets remain optimistic and keep holding.
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This question is especially for those who have been into crypto for a long time. How did cryptocurrency help you, most specifically financially? Did you earn more? Gain more investment? I do have a friend who wants to get into crypto but he does not have a lot of savings in his bank account or any major investment. I told him to save more before getting into crypto because they still have mortgage and car loan to pay. Do you think crypto will help him out to?
I cant say i've been in crypto world for a long time but I can say the time I spent in crypto is worth it. I learned so many things not just by earning cryptos but I discover my capacity to handle different situation and how to make the best out of it. In terms of investing you have to be very patient to gain something, people who want to enter in crypto world think its easy to make money without exerting effort. I started with lots of mistakes in my investment but as time passes I learned how to do it right and able to grow my investment through the help of my mentor.
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Well im an investor and a trader as well, I have been doing this for years now and so far I can say the earnings that I get here is good enough to stay in crypto world.
Its not always smooth because there are times my strategy is not appropriate for that particular time but I managed to deal with it accordingly.
I also participate in sig campaign if there's an opportunity especially in this bear season because im generating capital to buy additional coins to hold.
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In order to achieve your goal you have to take a risk, its part of every investment not just in bitcoin thus if you dont have guts or afraid to lose your money to use as capital then nothing will going to happen. What important is you know how to deal with failures and you're prepared whatever the outcome is.
Every successful person that I know has their own stories of failure before they achieve their current status in life, as long as you keep trying and willing to take a risk then you have the chance to become successful in your chosen way to earn money not just in bitcoin but also in other business.
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