Thanks for making people aware of such scam project. This project will be punished if proved guilty. Lately, the incidents of scam are increasing with cryptocurrency getting mainstream. It is not only the responsibility of regulators, we traders and bounty hunters should also do our part in discouraging and punishing such scam project.
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I would like to add some new and established coins to your list. Bitcoin comes in the first position. Second is Ethereum followed by Binance coin. Other coins are Ripple, stellar, cardano, EOS, NEO, Sessia, Miracle tele. Of all the tokens I have mentioned, I have much faith in BNB as the coin is lately emerging and will do magic.
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IEO is the latest trend embraced by many new projects. IEO has become popular lately and is gradually replacing ICO. It has many good and bad sides. As you said, some exchanges are resorting to fake amounts raised during IEO just to attract traders and investors. This is true and another truth is exchanges may scam in the name of launching IEO. For instance, IDAX. Pro is reported to have scammed out of up to 5,000,000 USD in the name of holding IEO for many crypto projects. Stay alert.
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I think shit coin means a coin that is dropped to almost zero price and its project has severely failed. But its team, concept are good and the project is still working hard for a success. There are possibilities for such 'shit' coin to revive and increase its value. For instance, Ripple could not increase its price as expected for long. But now its value has increased and is doing well in the market.
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There are many projects that ensure dividends to token holders. This is one of the schemes to attract as many as investors and not to let price of tokens go down upon hitting exchanges. But I also do not understand whether such projects implement their such scheme in the long run. Who would hold tokens when their price increases high on exchanges? Bitbond STO is another project promising to provide dividends.
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Projects without ICO, IEO are more serious that those launching ICO and IEO according to examples of some projects without ICO. There maybe many factors behind why such projects are serious and often end up in a successful way. One of the reasons that they are serious as they are running their project with their own investment.
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Not all coins are speculative and gambling. This is true that most of coins are a bit of gambling at some point of time. But there are also some good coins that do not need any hype and speculation. They just need time to grow and there is a strong team, technology and goals behind such a project. So we must not be skeptic.
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Preparations for the worst thing would make it easier for anyone to cope with it when such bad thing happens. In the cryptocurrency market, bad and good thing happens alternatively. Now the market has surged comparatively with almost of all coins increasing in price. But this situation may not happen for long. So we must expect both bad and good thing in the crypto market.
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We all know that the crypto market is volatile. Given this volatility, most of the coins go up and down in no time. It does happen whenever there is a good or bad news surrounding cryptocurrency. For instance, bitcoin reached at its peak of $20000, and dropped as low as $3700 in a short period. Again bitcoin increased high due to Facebook issuing its digital currency called Libra.
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One thing to take into account before investing and working as bounty hunters for a project is the project team should be strong enough and reputed. If a project is backed up by strong and wealthy team, there is likely that the project will grow in the days to come. Another factor is that technology of the project.
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Failure is a road to success. This is told by many people who have faced many failures before testing nectar of success. But only the failed person knows about what it is to fail repeatedly. We must learn from our failure. And in cryptocurrency we may fail. But we should not give up and continue to fight. It is up to us how we can deal with failure and get up again.
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Yes you are right on this front. Bounty hunters are often blamed for dumping price of a coin upon hitting exchanges. But this is not entirely true. Bounty hunters maybe a part of it. Only up to 5 percent tokens are allocated under bounty campaigns. So how this is possible? Giving up to 80 percent bonus during token sales will affect much.
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It is always required to do rigorous research before participating in bounty campaigns for any project. It is also recommended before investing in any project. I have found that many bounty hunters do not research and read whitepaper or any other documents featuring the goals of a project. We must research beforehand.
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XRP is amazing and wonderful coin making a good impress in the market. Its long journey since 2103 to this date has remained wonderful. In between the year, the coin has faced many ups downs. Only in 2017, it has become successful in drawing the attention of many traders. It has also for a short period beat ethereum. I think this coin has a good future.
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Your decision to switch to EOS, XLM, ETH, Waves and Skycoin is praiseworthy. There are many other good coins that you can follow and invest in. My first suggestion to go for a coin is bitcoin. Bitcoin is a secured investment and it will not disappoint you in the long run. Another good investment coin is Binance Coin.
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It is very much sad when you worked hard for a project, but the project ended up being a scam project. I have also faced this condition. But I want to assure you that not all projects issuing coins will be a scam project. There are also good projects in the market. Do not lose your patience. You need patience and hope in this market.
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It will be always to play in a safe mode in cryptocurrency market. There are many coins being hyped in the market so as to attract as many as investors and traders. But rather than following these coins, we should follow established and popular coins like ehtereum, bitcoin, litecoin, BNB, tron, EOS. Investing in these coins will give some investment security I think.
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The last week was much good days for bitcoin as it peaked at over $13000 after a long time in pain. But again this coin has started declining in price again, and it now sits at over $9000. I think this coin will further plunge in price dropping to around $6000 before again going up. This coin will again reach $20000 in this year.
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There are many exchanges that are good and have real volume. Some of them are binance, bittrex, coinbase, kucoin etc. But bitforex and latoken are some exchanges that are popular for holding IEO. These exchanges are reported to be doing well in the market. One thing to look at is one should check volume of an exchange for listing a coin.
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I do not know why a coin has different price on different exchanges? For instance a coin is purchased for $1 on a exchange, and the same coin is bought for $1.30 on another exchange. In some cases, some exchanges are faking volume and price of coins in order to attract traders and investors. These exchanges might have fishy intention. Be aware.
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