You are right, certainly right and can't be disputed; many of these altcoins are no where to be found and the worst is that, many are also getting worthless with each passing day. Holding is good actually, but holding coins without carrying out a little study to know if it's worth it or not is totally bad. Also, you made striking point and that is, most people hold or trade with emotion and it has done more harm than good to them. In addition, most people also hold because someone told them to, but the person won't be quick to tell them when to sell. Holding most altcoins nowadays is bad, we should all endeavour to be careful and know when to let go.
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In this past few days, I have been looking and wanting to join any good IEO or an ICO project, But I need to invest with a promising project that maybe profitable in the future.
Any suggestions are accepted, Thank you!
I will first tell you to study the risks involved in both, that is ICO and IEO so you won't have anyone to blame afterwards. However, it's being a while I heard anything about ICOs because IEOs are now the other of the day. Talking about IEOs, they are certainly many just like in the days of ICOs with only few actually working to bring up something; now if you want to participate in any IEO I will suggest you start from major exchanges like Binance, Huobi, Gate, Okex etc; their IEOs have had a good track records and in each case remember to do your research so as to know the best way to follow( to hold or not).
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Those who are yet to understand how the crypto space works are the ones who will think it is a get rich quick scheme, and most times they are always disappointed and also, they are always the ones to say unwarranted things about this space. The issue is, for example, if trading isn't working for you, try holding; if that isn't working as well as try IEOs but in each cases bear in mind that there are underlying risks. Furthermore, I think sticking to one option isn't good, it's better to explore more with the right knowledge.
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Bitcointalk username: irixo10 Forum rank: Full Member Posts count: 680 Minter address: Mx94076468556db3aa06f18223e1d97cc4ef591b85
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You are so right about altcoins, in fact it looks like the trend now; most altcoins having almost the same thing in common, how will they now contribute to this space? However it shows that they are after their pockets and with IEO method of investing most of them are achieving that goal. To answer your last question, despite the fact Bitcoin is dominating this space, I still believe there are altcoins which can contribute to the growth of crypto space as a whole such as ETH.
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One can only offer what he has isn't it? So for them not to publish any code for a while now means they have reached the end of line and thus people should be careful of them. Most times we complain that most altcoins are shitcoins this is the proof, I can't really picture why a team will promise something and then stay away for a long time without doing anything to keep their promises and later on they will blame the bear market. In all sincerity, let's be careful of some these projects this post has proved that there is more going on which might not know.
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IEOs gives investors peace of mind in terms of participating because they are sure there won't be stories like exit scam which is rampant in ICOs. So looking at IEO from different perspectives, it is evident it's far better than ICOs because there is sure listing and if done on a good exchange will reward it investors handsomely. Furthermore, just like ICOs there could be IEOs which are just after funds and nothing to offer, thus one needs to be careful too.
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Although it sounds funny but this is really serious; I asked myself this question, how can the funds dry up? What were they running with it. Then I got my answer when the team said "they spent 6 months" looking for solution; that means they were clueless and this project seems to be clearly based on hype. I think investors in this project should count their losses and move on, because as it stands a project won't drop from 10 core developers to 2 and still run as if it were the old times; not as if they have any other thing to offer.
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First this is the crypto space, it is highly unpredictable so anything can happen. Yes, it is possible for a project to worth small and then picking up as time passes and at the same time it is possible for a project to drop badly in price few days after getting listed, thus sending the wrong signal which will then lead to the death of that coin..in the same way, it is possible for a project to worth millions then dropping to thousands as we are seeing in today's market. These are different case scenarios to let you know there are many things that are possible in this space..
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Hi fellas i am back again to throw a question at you all, this time i want to know exactly what will happen to coins and tokens that are listed on exchanges with no volume or too low volume after market start recovering, or if altcoins start surging in value, will these exchanges automatically have volumes due to the market surge or they will stay the same ?thanks Any coin or token listed in any exchange with no volume is as good as dead and it is only shit coins that can do this. It's quite hard to see a good coin being listed in exchange without volume. Also, from another angle, the exchange might contribute to kill the project because it's a bit hard to see coins and tokens on good exchanges performing badly; although they might but not a greater number. Lastly, the type of surge you are referring to happened 2017/2018 not anymore, nowadays a coin have to be valuable in order to surge in price.
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In as much as I don't want to sound negative but we have to look at the current situation surrounding privacy coins, recently OKEX delisted quite a number of privacy coins. In my own opinion, for the future of privacy coins to be secured, there is need for them to move to decentralized exchange in this way, their core features will be upheld.
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This is the truth as most projects has done it and ends up making long term holders regret ever holding. To be candid, most investors nowadays prefers holding coins like Eth, BTC and so on when it comes to long term holding because they are sure there won't be any future swap and its likes. Also, there are good projects one might consider holding, I think the first thing to do in this case is to take note of when the main net will be launched thereby having a time frame of when swapping will take place. Also, checking the telegram group once in a while will also be helpful.
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Why do you think that everyone is afraid that some of the new projects some people without doing any research, They despise a project, which makes other people agree. is this lack of literacy in the study makes them fail ? Does this lack of information bring down a project, that MAY have a bright future ?
No one despises a good project which is actually proven to be true or legit and whether new or old. The best thing is, when you notice some irregularities within a project, the best thing to do is to make further research, ask other crypto lovers or ask here in the forum to see people's perspectives thus drawing your conclusions. What someone might see as an error might be what others sees as a good thing. But on the other hand, when a majority are against a certain project then there are tendencies that the project has some faults.
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I agree with you, many things are happening which aren't encouraging, but I rather see it as we are in challenging times and will come out victorious. However, am bored like you too but what can we do rather than encouraging ourselves and doing the best we can. Nowadays, I apply extra caution before embarking on any trade. The crypto space has come to stay, we just have to wait out this moment.
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Sadly as it is, most of these exchanges aren't helping matters as they care only about their own cut while it is the community that most times pushes the team into taking such steps. A good team should always have their plan, listen to the community but not in all cases and also does not mean they have to list on a shit exchange; there are good exchangea which can help kick off a project after which the team can consider listing on higher exchanges. The aim is always to grow a project not to kill it through paying unnecessarily for listing.
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Are coins and tokens that have good value like 0.02 or even 0.2cent on exchanges with no volume the same bad news as coins that haven't made it to an exchange yet? what do you guys have to say about this? i am currently holding two different tokens with good value but no trading volume, any hope for such projects?
Yes, any coin having a good price in exchange but no volume or buyers to intiate a trade with can also be likened to a coin that is yet to get listed. Sadly, any coin with no volume means it's a dead coin because what keeps a coin alive in exchanges is when buying and selling is constantly taking place. As for those coins you are holding, try checking out the team to know what's actually going on.
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You are right, just the repetition of what is already existing and also one of the reasons majority of them aren't lasting long. When studying most projects there is nothing unique, nothing to keep investors wanting for more thus once profit is made they exit the project and go to the other. There is need for more new innovations as that is how Bitcoin and most valuable coins started; thus investing in this type of project and watching it grow will surly impress me.
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This is not encouraging and I fear other exchanges might start taking this path. Centralized exchanges are always bound by one regulations or the other, so I think they are trying to respect one law or the other. In my own opinion, I think it is time for DEX to improve so as to offer services which suited for these privacy coins should in case the worst happens. One thing is sure, privacy coins aren't going anywhere, they have come to stay.
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Now a days, I have observed that out of ten projects three or four are of new exchanges. At the moment there are so many exchanges available for cryptocurrencies. When we invest in other projects and its token got listed in one of the new exchange, we have to create account with that exchange to trade those tokens. Do you really think that there is a need of so many exchanges? isn't it very complicated and lengthy to keep accounts in many exchanges? Please share your views.
I don't think we need more, that strength and courage should be channelled into developing unique projects which will help the course of crypto in general. But most times I don't blame these new exchanges because when you check what it takes to list on most top exchanges, it is really discouraging; but if these new exchanges will really stick to their ideas it will help a lot, but the issue is most don't even last, thus my first statement. To answer your question, there is no specific number, we only need trustworthy and reliable ones.
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The crypto space isn't going anywhere, but for those altcoins which have nothing to write home about, they will surly head to zero if at all they are not yet zero. Owing to the rate most altcoins are dropping in value, we ought to be careful of the ones we hold or invest in so we don't get caught up. At the same time, we have to start giving huge attention to good coins so as to help contribute to the growth of this space, not allowing our funds to get trapped in coins which we know might never recover.
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