We as bitcoiners needs both for us to benefit from bitcoin, we need fiat to exist and bitcoin too. The idea of replacing fiats with bitcoin would be a terrible idea since bitcoin still needs fiat currencies now in order to survive. Plus the fact that fiat is more reliable than crypto (as for the moment) more convenient to spend on a daily basis.
Bitcoin wont be having any value if it will ever replace fiat, bitcoin has its value because it can be converted to fiat. Bitcoin is a digital money, if you will compare it to fiat, fiat has more use than crypto which you can really use in our daily life to buy goods and services, unlike in crypto, what we can really buy is limited, and all transactions can only be done through online transactions. |
|
|
|
Fixed allocation are done to reward participants in a fair way but still some higher of course based on youre tier. Like in signature, if youre rank is higher the higher fixed tokens you will get. I think I'll settle with stake allocation since you can take advantage with a campaign if youre a high rank and bonus if only few got in.
I would like to have a fixed allocation, because it will be base on your current rank whild in stake, many members of this forum will join the campaign, also we dont know it they are really true, it is hard to join to a campaign that have many hunters , many members will lead to few tokens because the amount of token to be given away will be divided to all the participants. Having a fixed bounty allocation is good, you can count already the possible earnings you can get until the end of the campaign, than stake which will depends on how much the project will accumulate through their ico. Sometimes stake is only 2% of the accumulate fund where it will be divided to different kinds of bounty campaigns and it will be too small for every participant. |
|
|
|
My investment source all it from bounty and airdrop reward, I never use my money have keep on the bank for investing because in my save money for my future with my family and my mother, When I got payment from airdrop or bounty I use half for my family and use half for investing in bitcoin or trying with good IEO or ICO.
wow really amazing, if you set aside your money for family. I think every investment has its own risk. but it is my motivation to make my family happy that makes me not hesitate to invest and trade. I always do research before starting. The challenge is much exciting when you are using your hard earned money, it's adding more hard work to your research, since no one wants to be busted and lose their money. But in the other way around, if you do have that capabilities to save your bounty earnings and use it as your capital the pressure is not that much. Both have advantages it's up to the investors on how they escalates and process the trading activities. I absolutely agree, but the pressure when trading is always there, because every risk is always there, but I always set aside a little of the profit that I get to trade. Being pressured is good, it means you are being careful enough to ruin the momentum of your mood when Trading, it could also helps you to make random decisions when Trading. Risk is the reason why sometimes we feel scared to make a trade, it is also good because after we made a certain amount of profits, we directly send it to our wallet because of being scared that we might lose it if we trade more due to our greediness. Having a clear mind than being pressured by the flow of the market would be better. It helps every trader to make a wise decision and it can help to avoid making rush decision that might result you to losing half of your investment on trading in an instant. Being an investor should set a goal for how long he can take to withstand the possible things he might face in the future. |
|
|
|
It will never happen a scammer will return what they stolen from a user. I once a victim of a scam that someone stole my btc those days that I am new to crypto. This should be taken seriously to have keep safe our wallet to avoid got scam our money. Many people become a victim of stolen bitcoins and it did not ever return.
It's true, it will become a miracle if a scammer/hacker will ever returned the money that they stole to its user. There is no way that they will return it. That's why every individual in the crypto community should be careful and alway activate any 2fa or verification to have a high security of our own wallets. |
|
|
|
Hello Everyone,
I wanna create my own business and one of my colleague told me I can create my own crypto and make it tradable (it can help for fundraising).
Do you know if it's possible ? How Can I do it ? Anyone has a useful tutoriel for this ?
Thank you !
You do not have an idea of what you are doing, you will only make everyone that invest money with you to lose it, we do not need another useless altcoins in the market, what we need are honest developers that care about the community and the product they are developing, you obviously do not fit this criteria so please refrain from creating any project in this market or in any other since you are not offering any way in which investors could profit from investing with you. I do agree, without enough knowledge will only lead you and your supporters to failure. Asking the community for what OP is wanted to do but he doesnt even have enough experience to create or run a crypto project. And the main thing here is, his main intention is to make it a business, meaning he's just after the investors money. |
|
|
|
When you done KYC with your bounty campaign just waiting for sending coin to your account, you check your KYC is approved or not because if your KYC reject you will do not receive coin bounty anymore. Be quiet with bounty campaign needed KYC and check how much coin price higher or not, if have lower price left and what for have submit KYC.
But many projects have ended now and asked for KYC but the tokens have not been listed, right? What do you want to do to give up KYC or just leave it not getting a reward? So that's where we have to know if the project looks good then you immediately do KYC, but if the project is not good marketing or the product is not running then just advise not doing KYC. Avoiding bounty campaigns that requires kyc would be better. If it was me, I wont do any kyc, bounty hunters does not need to undergo kyc process, we're not even an investor, if they dont give my reward, i'll leave it there, and also I'm not participating in any bounty campaign that requires their participant to undergo KYC. |
|
|
|
I mean how you really determine it, I think the criteria you mentioned above are also part of the correct project, except that ROI depends on how fast the project is developing, and sometimes a project does not require a long time to get ROI.
of course all projects want their coins to be listed in large markets, in addition to increasing investor interest it also proves that their coins are not shitcoin.
You can determine it if they truly wanted to push their goal. Most of the time you can see the team's work if they are really working hard or not. It is indeed that all the above statement was also a criteria of a good project, but if you see that they dont pursue their goal, it's a different matter where you have to decided on your own if it is really worth it to invest. |
|
|
|
In my experience, ICO rating does not affect anything even if a project gets a good rate there. Because they only judge in terms of time, I mean, the assessment is done only at that time and not for the future. Many ICOs that I followed through the advice of the ICO rating but the fact that when the coin was launched and entered the exchange, it did not give me an advantage for the purchase of their coins at ICO. In fact, if I Hold the coin, a big loss instead. I'm done with ICOs.
Ico reviews coming from such sites are not liable anymore, most of the time they are just getting paid to promote a project which we cant guarantee to be legit. Its actually better to make a research by yourself and use the site only if we need some basement when choosing a project. But I cant consider to follow everything what they said. Yeah, That's right. Sometimes we are too consumed with hype, so we ignore the research we have gone through for a project. Personally, I no longer want to do research to see which ICO is good or not, because I have enough with ICO. I only buy top 10 coins according to Coinmarketcap. It the best I can do to keep my money safe. It is a wise decision to go for developed coins or those crypto which is already circulating in the market than investing in ICO's. In ICO's there's no guarantee that your money will make a profit since most of the projects are scam. If you invest it in a popular crypto such as ETH or so on, you have the better chance to make a profit out of your investments. |
|
|
|
.
What should Sam do? Will the police help?
what can police do on this matter?did the scammers lay their real identity?things that i am surely know that its not? sorry for their losses but let the scammer celebrate as they gain another 2,500 euro in just chatting. lesson learn"never Talk to Strangers specially with money involved" never be greedy for your own safety Police may be able to find the location of the scammer, but it would be so hard and it will waste your time. Ut would be better to be careful next time and stop trusting investment sites so easily. Money is not something to give for free, investment should give you profit and not take your profit. |
|
|
|
That is why some government is not in favir of crypto due to this kind of possible scenarios where terrorist funds might be moving in crypto anonymously. And not to mention that credentials passed due to KYC procedure is sold in the black market which put users in risk when used in legal activities.
Government wanted to regulate cryptocurrency to avoid these possible things to happen. Private information is being sold in the black market and that will lead a huge chaos if it is used in illegal activities. And Regulation from the government might become help to lessen the risk of using our private information in illegal activities. |
|
|
|
I want to ask all of you, do you share or give very private things (private key, passphrase, password and else) of Bitcoin to your family? I ask like this because I think if something bad happens to us (I personally hope it doesn't happen), it would be better if we pass down all the things from bitcoin that we have to our families. For example, when we have an accident that makes us comatose state (I hope it won't happen) at the hospital and we need medical expenses, it would be better if our wife or children can take money from the bitcoin that we have to use as our medical expenses.
I personally bequeath all my bitcoin knowledge to my family. I told them my bitcoin assets, how I made money from bitcoin, and also told them how to access them. All of this I did so that all of my bitcoin assets could be useful for my family. What about you guys, do you guys do the same with me?
I think it's not bad idea. If you have people whom you trust 100%, then why not give the necessary knowledge and data to them so that they can use these assets, if suddenly something irreparable happens. Printing a white paper of your private keys are good too, for them to easily understand it, but it is too risky because they might misplace it somewhere and it is possible that it could be stolen easily. This is a good will for your parents or your sons and daughters if you have one, it is a good assurance for their bright future ahead. It would be good also if you are going to tell them how to use it properly. Keeping your private keys in a safe place is good, but printing it as a whitepaper I think it is not safe, private keys are created not to be seen by everybody, by printing it your are just giving a chance for other people to get your crypto saving. Its good that your family will have a copy but it is not good to give it that way. It will be your biggest risk if possible. |
|
|
|
One of the most important feature of cryptocurrency is its being irreversible. One the coin is sent, the only way for it to be back to the sender is if the receiver will do the same thing in reverse. Now, in cases of hacks, scams and frauds, it means that you better forget what you already lost as there is no way for you to recover the lost coins. In other words, once you click the send button there is no turning back. I know that a lot of us are actually considering this a major advantage of Bitcoin or any cryptocurrency for that matter because unlike PayPal there can be no refund requests to happen. Therefore when you are a victim of a theft, expect no one to be able to help you in recovering the coins. As one author said it, the bitcoin genie cannot be put back into the blockchain bottle. I am wondering, can we not devise an effective and special technology that can be utilize in case of hacks or frauds? Given the advances of cryptocurrency and the blockchain we are experiencing right now, is it even possible? The thing is that among the two things that you have mentioned only of these is actually possible because you can either reverse the transsactions or you can't how can one successfully prove that it happened because of theft and hack and therefore it must be reversed. There is no tribunal of any sort guiding disputes related to bitcoin so this could make things worse. Moreover irreversibility is rather a strength of bitcoin than a weakness because this makes bitcoin pretty secure for accepting payments online. So no we cannot and must not devise any special technology to reverse the transactions over blockchain. Even if proving that your wallet/acc has been hacked, once you become a vitctim of hacking, you cannot reverse the crypto that was sent from your wallet. This is the main reason why experts advise to avoid clicking suspicious links and using hardware wallet to store your crypto was the best thing to do than store it in some online wallets. |
|
|
|
Using bitcoin for purchase payment is good but we have choose trusted website, but if you see with website low trusting you have use other digital payment like PayPal or Payza, why I ask you use both digital currency payment because when you got not trusted website you can dispute or get back your money if use paypal.
I also recommend that, however there is also a disadvantage for that, because we cannot confirmed in an instant that the site where we sent our funds are not legit, it is too late when the person or the website where you sent your funds claimed it before you could reverse the transaction in your paypal account history. The only precaution we could do is think before we click, for our funds not to go in vain. By using google or through social media you can search any feedbacks regarding a certain website. In this generation, any information can be found thru internet, if no latest information to be found, it is most likely new or no one have to tried it yet, would be better to avoid those kind of website when tryng to purchase thru online. Less information in the internet are most likely the scam sites. |
|
|
|
Dangers inside crypto investing People may ask: Should I do invest in the cryptocurrencies by using my life earning and savings? Or should I take a loan out? Since I heard that the returns are so great!” First off, that is really an extremely horrible idea. Cryptocurrency volatility can kill your pocket and rapidly reduce all your hard-earned investments. Read : https://paperblockchain.com/what-are-the-dangers-in-cryptocurrency-investing/investing in cryptocurrency is actually not dangerous if we are good at making the right decision, but this type of investment clearly has a huge risk. therefore, before deciding to invest, you must first understand the risks that will be faced. not recommended if the money we use to invest in cryptocurrency from the results of the loan because it is very dangerous, because the benefits obtained from the investments we make may not necessarily get the expected results There is no investment that is not dangerous or risky, all types of investment has its own risk even in cryptocurrency. Even in investing in bitcoin, it doesnt mean that it is safe if you invest. Investing in the wrong time is risky, we all know that crypto is volatile, investing at the highest amount of crypto is not good, there is always a right time to invest. |
|
|
|
I absolutely agree with you, we cannot be bounty hunters for our lifetime. Change is inevitable and we must adjust for us to live. I have been doing bounty campaigns for a year, way back 2017 I used to be full time bounty hunter because of its earning potential but that have ended so I decided to go full-time as a community manager to suffice my needs.
The situation compared 2 years ago wherein the market is soaring high, ICOs are still profitable and many legit projects existing are gone now. We cant stick as a bounty hunter only especially nowadays that the situation is totally different, this is the time to explore and use our other skills to earn. Its better to improve ourselves and dont rely in bounties. It is really different compared to the situation we're in before. As a bounty hunter, I can feel the difficulty of trusting and finding a profitable campaign. But since bounty campaigns become more popular, scam campaigns also increases until those paying campaigns disappeared. |
|
|
|
Shit exchange could give bad reputation for good project, don't care you ICO sold out in few weeks but if listing on shit exchange market become bad coin with lower price, otherwise if not good coin but dev and team want to work for listing with big exchange market I think shit coin become great and higher price coins.
It is because the number of users of those not so popular exchanges are not so high, they cant supply the volume required to circulate in the market. They can easily dump the price if its supply is limited to a small volume, and it will lead to a non-circulating and no value cryptocurrency. |
|
|
|
Being forced to reveal your identity and your other details (address, passport, credit card verification) is never a good thing for an industry that was built on a coin that provided privacy and decentralisation. For me it's not. But it is the way of the government to avoid money laundering so we the people can't complain on it. I just think what if the owners also have the KYC right? I mean a procedure like KYC but for the owner for sure there will be changes on investing on crypto because we will have the assurance of not getting scammed.
In the future KYC will be more needed for sure cause there will be so much scam.
It might be a way to avoid money laundering, but the real question is, how much of our privacy does the government need to invade for them to be able to catch criminals? Its not actually good to require KYC, since cryptocurrency was built to let us become anonymous in every transactions we made. It is one of its feature why crypto users wanted to use it. Even if they require KYC it wont stop illegal doings, they can just easily buy fake information in the blackmarket where it is being sold. |
|
|
|
For anyone said that we have to check the team background, we should have do more research on them or even chat with them deeper about the project.
Because if you just see their CV or Portofolio at linked.in or other website, it can be faked. There are so many project's team with fake linked in portofolio out there so, be careful of choosing project to invest
That's true, need to check as many sources as possible, academic papers, participation in events, press citations to confirm identities and experience. Every team needs experienced developers, if they have only marketers it's a red flag. Full background check if possible to avoid those scam projects. Most of the team in the ICO's are just buying information in the black market where they can use as their faces. It is easy to know if you do more researches about the project and especially to the team. |
|
|
|
Wow, I've thought about it, I even tried, but it never worked, then I thought, that this is actually the basic thing that maybe most people have thought like that, so basic things like this seem to have been overcome by the wallet developer,
It will never worked. Hacking a wallet is not as basic as using a random words generator. Wallet was not created just to easily hacked by any individual out there. Wallet has their own generator which they are the only one who can generate those kind of random words/letters. |
|
|
|
BULL'S GROUP - always putting money into the market and does not take out often, more like long term investor.
BEAR'S GROUP - always taking money out of the market often, more like only interested in making money in a short while, i mean short term investors.
I do all of this because 50% of my capital goes to bulls group and 50% goes to bears group. I usualy do this to all of my investments just to make sure that if the coins have in my wallet will pump i still have it. This will be the safest investment (tho there is no actually safe investment, this is just to lessen the risk of losing it all at once), I'd rather not put all of my investment in one place. It's best to split it in a long term and also for the day trading to make your money circulate from time to time. Having these done will not put your money to sleep, because you are keeping an eye on it all the time. A wise investor wont put all investment in one basket, every investor should make it as a habit. Diversifying your money is a good strategy but if you will just diversify to invest it in day trading then it is not a good idea because you will probably face a high risk type of source of income or an investment. It is better for you to stick to long term investment and just diversify your money into different good coins in the market for better investment sustainability. Having long term investment with different kind of crypto currency will give you more opportunity to make a profit than doing day trading. It is very risky if you do not have enough knowledge and experience. Its possible to lose half of your investment, and it will result to eagerness to get your investment back by using your remaining investment. |
|
|
|
|
Show Posts
