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Even genuine projects suffer because of the bad reputation that scam projects bring and that discourages the investors to invest and general public to adopt cryptocurrencies massively. I admire your thoughts that how can we stop the promotion of scam projects and yes one more thing I would like to add is this that we just can't only hold bounty hunters responsible for the promotion of scam projects, we need to accept that there are loopholes in the cryptoeconomy system, lack of strict laws and regulations is the major reason scammers are successful, YES there should be a forum who educate the bounty hunters not to participate in such projects those are not genuine and YES the higher authorities especially the administration of this forum should take steps to prevent the scammers to launch their projects.
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That's why I keep on repeating that there should be seminars of awarness to educate people about crypto currencies and scammers identification because cryptocurrencies are wholly new thing and many people have no idea about it. All they know is this that someone bought BTC at minimal price few years ago and now they have become billionaire, this is point where scammers enter and they fool innocent people by offering them opportunity of investment, take the money and run away.
I agree with you to very much extent but there are some other factors as well why people have started thinking cryptos are scam, One reason is the lust of making fast and easy money (Short-termism) that's why Scammers are landing into crypto world and they cash the perspective of people about cryptocurrencies as people consider cryptos as an opportunity of becoming millionaire over the night. Stability is everything, massive rise and fall discourage the new investors and cryptocurrencies can never be stable if they are considered as mechanism of making fast money. Speculators will never stop to manipulate the market and everyone will start believing that Crypto Economy is highly volatile. The only way how cryptocurrencies can be seen legit is this that the mass adoption and use in daily life like USD.
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I have participated in so many bounties and I have seen many bounties who ended on time and some even before time EIDOO is the example of such bounty, I participated in EIDOO bounty campaign and it was ended before time.
YES there are also some bounties that includes extra weeks, such bounties are of those projects who are most of time struggle to meet their soft and hard caps, in simple words they struggle to obtain required level of investments in their projects, This is the major reason why they drag the bounty campaigns that long because they need extra time and the marketing support from bounty participants to help attract investments in their projects. In my personal experience such bounty campaigns prove unsuccessful from bounty hunter's point of view but this is not always the case. This is my personal experience maybe there were bounty campaigns who may have rewarded well for being extended.. SO keep on participating in such campaigns don't quit in the mid way because if they extend the bounty campaigns ending date, they also increase the amount of skates to be awarded to participants.
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In my opinion if you ask about the future of any cryptocurrency, the future depends upon the overall condition of the market, I have experienced in the last 2 years in Digital currencies that when whole market faces recession every alt loses it's stability and drops down drastically even the blue chip alts suffer but yes when the market rises and huge capital injects into the economy Blue chip altcoins give significant amount of rise. I think the ETH, XRM, EOS and BNB. These alts have potential of further growth and giving desirable returns..
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I don't suggest anyone to keep their cryptos on exchanges. Exchanges can be hack, they are not safe. Do a little effort and try to keep them safely in wallets. Keep the private keys of wallets safe.
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My strategy is simple, Hold during the dip and buy more, Sell during the pump.
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The reason I see behind this dislike of Government is that cryptocurrencies are not under any regulations..
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Yes you're saying right it's risky to jump into trade that has arisen to mre than 5%. I consider it a inappropriate position of buying. I would like to add my personal trading experience into this Always try to buy that crypto that has been dumped too much. Keep your eyes on every coin movement and than make chart which coin has been dumped too much during 1, 2 or 3 months time, if you find such coin and upcoming market trend is bullish then go for that coin, buy it and sell it at good profit.
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Not sure about the start of bull run but one thing I can see is this market is stabling, like bearish trend is gradually leaving.. In cryptocurrencies, last quarter of every year is very important and last quarter has arrived so let's see what happens.
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In comparison bewteen Ripple and Ethereum, I think ETH is one step ahead of Ripple. ETH blockchain's transaction processing speed is fast than BTC. People tends to buy Ripple instead of ETH is because of it's price lower than ETH, but I think ETH is best than Ripple in almost every way.
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With $500 I think Ripple would be a good pick, Eidoo is also a good token with great project behind it. You can also buy 2 ETHs. I think these cryptos are worth investing.
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I can give you three names, I think these exchanges are best of the best and I also trade on these. Bittrex, Poloniex, Binance. High trading volume, high user count.
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I think Ripple will only die due to lack of mass adoption of cryptocurrencies. Ripple can be called a direct competitor to Banking industry. It's all up to the general public to quit banks and adopt Ripple but in the war between Centralized and decentralized system of economy, one must die. Both systems can't work in parallel way but I think Future is of Cryptocurrencies.. Future is of Ripple..
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If you ask top three then ETH is at First place without any doubt, Ripple second and on third place I think Eidoo is worth investing altcoin. Eidoo's project is big and very unique. Eidoo is blockchain asset experience. Fast, easy and not only a Multicurrency Wallet, it is a Hybrid Exchange too.
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I think it's better to hold NOW because the period of bearish market has gone too long which means market can change to bullish anytime. I have experienced a trend and that is after every dump there is a pump and after every pump there is a dump. Market has dumped too much like you said from $700 to $200 maybe you bought it at $700 actually ETH has dropped from $1300 to $180. I think it's better to hold now because ETH is at it's support level and it's very rare chance especially for ETH to drop down much more than this but in the end I would say nothing can be said so surely.
Truth is market need a money injection of at least $500 billion USD to get back on it's feet properly. Wait for the ETF (EXCHANGE TRADED FUND) to approve. It's decision will come at the end of October, Very hopefully Market will rise after that. ETF is a marketable security that tracks an index, a commodity, bonds, or basket of assets like an index fund. Unlike mutual funds, an ETF trades like a common stock on the stock exchange. ETF experience price changes throughout the day as they are bought and sold.
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I think ETH first, second BCH, third NEO and forth EDO would be best pick. These cryptos are blue chips and the projects behind these cryptos are outstanding,.
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I hold them until they give me good selling price and I'm waiting for some good selling price to sell them because i can't sell them in dip.
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