How do you survive in the current market situation?
If the bounty project is no longer profitable, what do you do now?
This pandemic is an example why people should have emergency fund that can make you survive for 6 months or more without a job or income. Bounty campaigns are not profitable in the first place, its a hit or miss or unstable, people shouldn't rely on bounty campaigns to survive, you can just make this as a hobby instead. |
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till now on there are many projects that stop and unfinished with their plan. i saw some bounty campaign that already distributing token be useless token in wallet and could not sell. maybe if this condition continued , investors will loss their trust to new projects and only existing projects still alive. when this condition happen we will not see new projects that bring new technology to cryptocurrency market.
Their plan was just to steal investors money in the first place, that's why you see alot of abandoned project. There's no problem distributing tokens using their own wallet but unfortunately its hard to get a decent amount of volume and listing on a exchange cost money. But unfortunately these projects exist just to scam people, alot of people already lost their trust to new projects because of scams. |
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Now there are many stable coins that can be used if you can't trust Tether. Tether is traded on various exchangers and I think this is one of the most reliable tether proofs and if you don't want to use tether as a stable coin, you can use credit cards or debit cards because almost all exchangers provide this facility
Tether is untrustworthy for me because of the audit thing before. Just because tether is used on all exchanges doesn't mean they can be trusted, i don't know why you wanted to use credit card, using credit card has a lot of fees compare to stable coin which has less fees and hassle, if preserving money is your goal. |
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it's better to wait for a project that has finished selling in binance and buy it when it's released on the market.
There's not alot people taking advantage of this, there's a high chance that the coin price will drop after getting listed on a exchange, you can buy the token cheaper at the market than the token sale stage with bonus. |
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I'm currently holding a small amount of bitcoin right now other than that there's ethereum to pay for erc20 transactions. My holdings are not diverse because the capital i have is really small, once i get a decent amount i would start diversifying my portfolio, i'm looking forward to hold my iq cash token in the future once i received it after the bounty campaign ends.
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Good projects always exist, I personally did a lot of good trading last month when the coins were scarce. Here are some rules to follow. Now things are different and there are very few projects to help investors make a profit. You can find good projects only if you find yourself. Thanks
Yes, a good project is still there if we want to look for it with a research, because when things are different, then what we have to rely on now is ourselves, so do everything with research, so we can know the pros and cons of a project at this time. We would not know if those projects are really good based on research, I have also done research for many years. But most of those projects have died after working for some time or being listed in exchanges. Developers begin to lazy to do their work and gradually leave it But you would get an idea of the project is gonna be good if you do a research, doesn't mean it's gonna be a 100% success, you just got unlucky with the developers of the project you encountered, i think they don't plan to develop their product to begin with, it's a scam in the end. |
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Hi, guys, I want to ask how do I avoid ICO scams...
Are there any good ICO's left? or is the market flooded with bullshit coins?
I think it's best to just invest on established coins or bitcoin, the risk is so high if you invest on ico's right now, there's a high chance the price will take a nosedive after hitting the market because of investors looking to make a quick profit. You can also invest in rising coins if you're willing to take the risk. |
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I never care about these coins, I have no sympathy for them. They succeeded in the past thanks to the glory of bitcoin, they rely on the name "bitcoin" to survive.
altcoin will always provide a very high risk, therefore trading on altcoin is just people who are brave and are ready if they are stuck at high prices, but behind it all altcoin can provide a lot of benefits because the price of altcoin which is still very cheap will provide altcoin price movements are very fast and can provide many benefits for those who can take advantage of price movements. whereas if only trading on bitcoin the profit will be very long because the price of bitcoin that is already too expensive will make it difficult to raise the price of bitcoin. The risk would be even higher if you invest on a altcoin with a bitcoin name on it. Huge profits doesn't come with low risk, you need to take huge risk if you want huge profits. You can still make a good amount with bitcoin if you have a huge capital. |
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Why do you think short-term campaigns are not scam? I have seen many short-term campaigns become scams after the end of the campaign, like block burns. They make bounty with 4 weeks and then they delay delivery for 3 months or more. As long as you find a good campaign, long-term or short-term campaign, it doesn't matter
Yes, that's right, as long as the campaign is good, the duration is not a problem, because what is a problem in each campaign is that it is not paid after the campaign ends, and is often delayed when the token price is in expensive condition. but there are some cases of bounty campaigns when they are distributed to participants. The tokens that they get are still locked and can only be opened when IEO is finished or when the fundraising is complete, meaning that you can get the results of what you are doing for a very long time and the risk is scam, Hopefully the bounty campaign that implements such a system does not disappoint the participants. Devs locking out the bounty tokens is fine for me as long as the coin has a good volume, but if the volume is good enough in the first place they probably won't lock the tokens, Devs should make it clear in the first place that the token will be lock after distribution and they shouldn't abuse terms of conditions of the campaign. |
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From the data of coinmarketcap, we know that ethereum have the 2nd most market cap.
I think it will be hard for bnb to surpass eth market cap because eth total supply will keep increasing (have no fixed supply).
Ethereum blockchain is used by many platforms, so the price will be stable at the top.
It's not difficult for BNB to catch up, while ethereum doesn't have a fixed supply there are alot of people who hoard BNB so they can get exchange benefits, decreasing the circulating supply which makes the price go higher fast. Even though ethereum is used alot so does BNB, there are alot of uses of BNB and even smart contract is coming to BNB. |
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Indeed.
Some people tend to focus too much in scams and legitimate bounties, but they seem to forget the profitability of the bounty itself.
This is crucial especially to those who are sort of " full-time" in bounties, but I don't really recommend they stay full time on that and try freelancing instead of that.
With so much scam out there i don't think profitability is a problem, hunters just wants to get paid, doesn't matter the amount as long as they are paid, its always better than nothing. I do agree people shouldn't do bounty full time because there's a high chance they wouldn't get paid, i think they are aware of that. |
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Instead of talking about next altcoin, we should face the current situation and leave the future.
People are just obsess with not being able to ride the next trip to moon, i guess that's why people are predicting which coin is gonna blow up next, well i dont blame them, who doesn't want to be rich. |
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I can reccommend to believe only in bounties that already listed and not on shitty noname exchange with 1btc volume
The project can still scam you, having the coin listed on a exchange doesn't mean they are trusted, they can still turn their back against bounty hunter and continue developing their project as usual. |
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Digital currencies will have their haven in the world in the future but now it's not possible yet, once we go fully digital then digital money will have better chance, replacing Fiat is only impossible presently but not in the future
We don't need cryptocurrency to go fully digital, look at china they are cashless society where paper money is rarely used, and they achieved it without using crypto, cryptocurrency will not replace fiat ever. |
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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.
No wonder most of the scam bounty campaigns i joined before promised to list their coins on high volume exchange and after that no more news about the exchange then they disappear with investors money. |
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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.
If they can get a lot of funds from investors So I'm sure their project will last a long time. But if their project has an inexperienced team So it's useless if they have a lot of funds because they can't manage the funds. I personally see the success a Crypto project if they can last up to 3 years. But most of the time developers will just chill out there with investors money and not develop their product, i hope developers will continue developing their project even if they didn't reach the softcap, you dont need to reach softcap to reach long term success. |
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New projects should continue developing their product even if they didn't reach the softcap. I believe developers that continue to make their product are more serious about their project and the project is more likely to succeed in the long run. It's not really the bounty hunters fault if the project fails to reach softcap their project might not be interesting or doesn't have real world use.
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although this year many projects have been registered in the market but there are some that are not in accordance with the distribution schedule, I follow 2 bounties that have been registered in the market but for sending coins to the bounty hunters late even some have to wait for up to 3 months
I think it's a good thing to keep the price tokens not dumps, indeed distribution with period 3 months does make us annoyed to wait, But if that's the best for the Project then we must also support their planning. It's better to join a Bounty that is already registered on the Exchange than an unclear Bounty where Exchange will be used. Developers should make it clear in the first place that bounty hunters need to wait a long time to receive their bounty but instead they just change the terms and condition of the bounty campaign to mess with bounty hunters, i can understand the price will dump if bounty hunters will sell but they shouldn't lock the tokens if the volume is high. |
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Cartesi announced 50K USD worth giveaway only to participate in their game contest which is done within one week and I heard Binance is already prepared to send the tokens! Where bounty hunters worked for several months without knowing the value of the tokens, but their tokens will be given in 3 batches! This is really unacceptable! Therefore top exchange bounty has always low rewards! I am fed up too, but maybe it's our fault! Because whenever we see a good project brings a bounty campaign, we jump on that, even if they have the low allocation!
But atleast the token is already listed and the bounty hunters are getting paid but i think they are some bounty hunters out there that dump the coin i can understand why they split it into batches. I checked the coin you mentioned it seems it has 9 million volume, the devs shouldn't worry about the price dropping with that volume, i do agree with you that it's unfair for bounty hunters. |
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I probably earned 1 million satoshi last year which is really low because i kept falling for scam bounties, that's just from bounty campaign alone. I didn't strictly joined bounty campaign last year i was able to join two signature campaign last year which i made an okay amount after that i took a break from doing bounties and stuff.
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