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The door is never closed to new traders, but it really difficult to become a successful trader. If you do not have any similar experience in traditional markets, it might take more than a year to make profit stably.
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To be honest, I do not even remember the last Airdrop I participated in which brought me at least 100$. 95% of all Airdrops are just a waste of time.
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It is really important to make a research about the project before joining it's Bounty campaign - otherwise you will just waste your time and potentially get a negative trust for scam promotion.
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Listing on Binance is not a guarantee of a pump of the coin price, but I think it depends on agreement between the project team and Binance whether to use MM or not.
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Cryptocurrency market cannot be stable, it has a small capitalization if to compare with traditional markets. As of the current growth, I am quite optimistic about it, this might be a start of the new uptrend.
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ERC-20 is the most popular token standard on Ethereum blockchain, so Ethereum wallet support all ERC-20 wallets. It is important it should be your own wallet, not the one from Exchange if you want to get tokens not listed on a particular Exchange.
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Based on my experience, the projects which get listed on top Exchanges in the future usually tell they cannot disclose any listing infortmation before the listing itself.
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I would safe newbies are safer with Bitcoin. BTC should be the first investment if you have never heard about cryptocurrency market. Only after a while you can start choosing altcoins for investments.
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Agreed, the majority of Bounty projects are scams, but it is usually quite easy to identify 100% scam projects. The most of them do not even make a quality website.
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It is not reasonable to give time to all the projects on the market as 95% of them will die in 3-5 years. The only situation when you can wait for years if you know the project team closely and you are sure they will find adoption cases.
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It is true the Bounty hunter should always be ready the project will either decide not to pay rewards or reduce them. As of the third point, I have never met projects listed on good Exchanges not payed rewards for Bounty campaign.
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The most popular ways to promote a cryptocurrency project is holding Bounty campaigns and Airdrops. Another way to distribute tokens which is quite popular today is a lockdrop.
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I do not think altcoins are good for a long term investment (1+ year). The main thing the projects need to have in order to exist in the future is adoption, I think only Ethereum has it at the moment.
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The majority of projects are holding Bounty campaigns are not yet listed on any Exchanges, so you need to make your own research whether to participate in it or not.
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I do not get why people are using such unpopular Exchanges like Sistemcoin. Just use top Exchanges like Binance, Huobi or Coinbase and you will not have problems with scam Exchanges.
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For me, Minereum looks like a scam project - they have airdropped their tokens to thousands of wallets, but the tokens are locked until you pay some ETH. Even after that, it takes years until the full unlock.
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Ethereum looks pretty good for purchase today. Big news such as Ethereum 2.0 and staking are coming, so ETH price might grow significantly in the nearest future.
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