Bitcoin is the first born Crypto currency and if you have been a father or a mother, you would know that your first born is always a little bit more "special" than your other children. Do not get me wrong, you do not love the other children less, but the experience you had with your first born, will always be unique. <The first dirty nappy or the panic when you did something wrong> After the first born and the experience you gained, other Alt coins are easier to understand and a little bit less "special".  |
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For all you alt-coin investors:
-What do you look for when you invest in a project?
-What cryptocurrencies were a successful investment in the past? And why do you think they worked?
-Any altcoins you believe will be successful in the future? What gave you that feeling? Was there a "click" moment?
-What do you dislike about current crypto projects?
-If you were to give a single piece of advice to a new crypto project, what would it be? (I'm aware this question could be a comedy goldmine, but please, restrain yourselves to serious answers)
For the general community:
-What's the most common way you've discovered a new project in the past?
-Airdrops: a good way to enter a project's ecosystem or just an avalanche of different trash coins? How do you tell?
-Noticed that bounty campaigns were pretty popular. What's the thing you hate the most about them?
Any and all answers will be welcome and will help my decision
I always look for a project that would have a long-term use case and not a speculative short-term outcome. Some of my most successful Crypto currency investments were the ones where there were some actual use case behind the coin, like Ethereum and Smart contracts and Dash <improved anonymity> The Alt coins with the most potential will be the coins with the strongest use case. <I cannot emphasize this more> My dislikes in many Crypto projects are the scammers behind some of them. My advice to a new Crypto project would be to find a solution to a problem that would draw users and investors to your project and to market the project on a continuous basis on this forum. <Many projects lack a good marketing budget> |
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Remember, this whole thing about crypto is largely decentralized, thus, there is no single authoritative body in control of the crypto market. Although there are few centralized platforms among crypto, the market is largely influenced by the efforts and influence of the users of crypto. How well sellers and buyers treat the coins on the market affect the performance of the market.
The short answer would be the whales/pumpers/shills, but that would not be entirely true, because every person buying or selling any Crypto currency has a influence on the market. We also cannot discount the influence of the many news media platforms that are being used to manipulate the price too, because they are one of the tools that are used by whales/pumpers/shills to control the markets. Most of the larger exchanges are used as a benchmark/data source for the global price, so we should give them credit too.  |
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The difference is simple, Ross Ulbricht's sentencing was all about sending a message to anyone that wants to stick it to the man, that they will not tolerate any opposition or anyone trying to challenge their control. Silkroad was an embarrassment to the US government and they wanted to punish Ross for that, so they made an example of him. Josh Garza did not challenge the government, he just repeated the same Ponzi scheme system that has been around for years in the fiat system. |
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the youth would undoubtedly be the chosen group would be the most ideal etre 16 and 25 in the first stage and the second stage and then the most important 25 to 36 that are the graduates profe professionals give much clear thrust young people from 16 to 24 years are the that are more adapted to new technologies therefore are the fastest massive adoption of bitcoin and are the future geniuses of lls block chains
So you are saying the ideal target market is educated young students? Many moons ago, I was a student and I survived on Cracker Bread, Water & Noodles, because most of my money went into paying for my studies and also for parties over weekends. <Alcohol> This segment of the market might have the technical abilities to grasp the concept, but they do not have the capital to invest. I would much rather target the graduated and first time employees, because they will have enough disposable income to buy some bitcoins and a lot less debt than the older people with families. |
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It is still the King, because a whole network of merchants and users are supporting and using it on a daily basis. This is why it is different to many of these Alt coins/Shitcoins, because they merely exist for their speculative value and they are not used for their actual purpose. Also, a lot of money has been invested into the supporting network, so these people are motivated to make this work, because they want to see a return on their investment. <Example : Exchanges / Mixer services / Gambling sites.> |
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I gather they received a lot of complaints from people about phones being damaged or being rendered useless by these Apps, or they would not have reacted this way. Anyone that tried these Apps before, would tell you that it is useless and the battery and resources are hammered, without any result in the mining. Mobile phones should never be used for mining, even if you are only going to mine some worthless Shitcoin with it.  Why would you "kill" your phones performance, for a gain of a few cents? |
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I see these guys are taking on new employees in higher management positions <CFO> but they are not paying out the money that they owe the people on this forum. One weeks salary of one these people will cover the cost of the payment, but they refuse to pay the people that marketed their ICO. What prevents them from paying these people with Bitcoin, if they have difficulty sorting the technicalities with token pay outs? This is really a piss poor excuse not to pay people. |
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All of this is only possible if you re-use the same Bitcoin Address for all the things you do. I always try to use separate Bitcoin addresses for different purposes and I never link these Bitcoin addresses together by transferring funds between them. If I have to transfer money between addresses, then I use mixer services to hide my tracks. If you do not do it in this way, all addresses will be linked together and you will have virtually no anonymity at all. Feel free to use the mixer service in my signature, because they are very good.  <chipmixer.com> |
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This is a signature move, when people analyse the global economic markets and when these markets are due for a correction. Most of the stock markets are very inflated and long over due for the correction and these executives knows this, so they are jumping ship before this happens. <Getting the most profit for their own shares before the price drop> When migrating birds start to leave, people should take notice that the Winter is around the corner. The executives know how to read the early signs of the economic Winter that are on our doorstep. |
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What cryptowallet is the safest for win7 to care different tokens (trx,xvg e.t.c)?
XVG is not a token. If you're looking for a software wallet that supports multiple coins/tokens, there is none. You have to install each software wallet that supports each token/coins, AFAIK. Go with Ledger or Trezor if you're looking for an all-in-one wallet, you can use it with many cryptos on your Windows. It is more secure too. The ledger <Hardware Wallet> currently supports more than 700 Crypto currencies/tokens, see this for more information: https://coinsutra.com/supported-cryptocurrencies-ledger-wallet/ <Also see updates> You did not mention if you are interested in investing into a hardware wallet or if you want to use something else. All things taken into consideration, I would rather opt for a one-stop solution like the Ledger and you know you are safe. |
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“The SMS segment dominated the mobile payment industry in 2016 and is anticipated to grow at a rate of 33.5% during the forecast period.” - This is probably the most overlooked segment in the Crypto currency scene at the moment, because most of the development for Crypto currencies are focussed on Smart phones. The biggest market is not smart phones but rather ordinary cell phones with limited features as used by Billions of people in 3rd world currencies. Find a killer app to target this demographic and you will become a multi-millionaire in no time. |
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There are several factors and events that influence the price in the last quarter of the year. A lot of people receive production bonuses and 14th cheques from their work, to the end of every year and some of them use this to invest in Crypto currencies. Some events like Black Friday and Xmas push down the price, because a lot of hoarders tend to sell some coins and most of these coins are converted to fiat currencies. <increasing the supply of coins on the exchanges> I also think some of the whales pump the price to the end of the year, to take some profits to fund nice holidays and Xmas gifts in December, when you need more disposable income.  |
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The Trezor has been replaced with a Ledger and as stated on the site that is in addition to encrypted paper wallets. A multisig solution is not any more secure if there is only one owner of the business. Many people do trust us with large deposits, currently over 1400 BTC. You can do some simple blockchain analysis from our deposit address https://btc.com/1Fu3iBR2EMQWeYGi3XvrPmcPUkne8ZWj9h to see how active it is. Multisig is also impractical if you are more than one business owner, because both parties are constantly needed to do tx's and we know this is not the ideal scenario. People get sick or they go on leave or they are busy with many other projects and this restricts the daily operation. Also, what happens if one of the partners suddenly dies? Nah, I still think the hardware wallet is more flexible and more practical in this kind of scenario and the backup paper wallets is the best way to secure the deposits. You're supporting me without knowing it now. A 2 of 3 multisig is a perfect solution and that is, indeed, for if someone dies... If wetsuit's dead what are you going to do if you have money on there? So with a 2 of 3 multisig you only need to cosigners so you dhouldn't keep having to interrrupt one of them... And @thequin, that address dowsn't seem to have too many large depositors, the most I saw was about 0.21 BTC. There's a difference between being trusted to store someone's balance and being trusted to store someone's change.... If I analyse this site correctly, Freebitco.in is a one man operation with some "helpers" with limited access and not enough "trust" in there for these people to have multisig access to the cold storage. So I think Wetsuit did not opt for that option, because of that reason. This might even have been a pet project that became hugely successful and now needs more attention than what Wetsuit anticipated. He might have other projects that needs his attention or even a full-time job. <So, this is not a small business with a couple of employees and some partners, if you get what I am saying> |
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So you basically want to do something like this --> https://badbitcoin.org/ for ICO's? These guys have been around since 2014 and they did a fine job. <They should market themselves a bit more for more exposure and activity> I think the most important aspect of a site like this is the trust factor. People must trust that the information provided on your site is valid and not some scam to eliminate the competition. <Some gambling review sites are rumored to be funded by specific gambling sites, to discredit other sites> This is exactly the sort of site that works, over the long run. Expose some of the general myths that scams purport like "mining BTC" or "cloud mining" or "generate BTC". Write about the modus operandi, like those watch wallet scams people keep falling for. But yeah. They have shitty SEO so won't appear on Google searches I'm trying, I don't see how newbies might land on their site unless they search a specific ICO or website keyword that they have a review done on. You've got a good point about the gambling sites as an example of how the trust works in unintended ways. Some casinos take care of the big guys and the reviewers, and surreptitiously dump out the small fish who doesn't have enough credibility to get noticed or taken seriously if they were to complain. I can easily see how the same trust system for review sites would be abused in the same way. Ultimately, OP, you can't make a site that reviews or rates individual services. Those regulatory blacklists (like the Swiss and French market/investment regulators) put out blacklists every few weeks but that's far, far from comprehensive. For every review you can do, probably ten new sites pop up. You've got to focus on education and awareness instead. Exactly, so the only way to take trust out of this scenario would be to open submissions up to the public and to incorporate some kind of rating and review system and for the site owner to do the moderation. <In events where shills exploit the system to their benefit> Once people recognize that the moderators or owner of the site is totally biased, support for this site will grow. Trust is earned, so be wary of hosting advertisements on the site that might turn scam. Good luck with the site and thank you for a positive contribution to our community. |
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I am only listing some of the factors that might influence certain age groups to react differently to exposure to Bitcoin marketing. What age group would you say, would be the ideal target market for Bitcoin marketing?
I think it's pretty clear that younger people (millennials and below) are quicker to adopt cryptocurrencies. They have a propensity for new technology -- PC and smartphone adoption was driven by younger generations as well. And they've also come of age in a time when wages are stagnant and costs of living are quickly rising. The realities of inflationary currency and an unsustainable "perpetual growth" economic scheme are beginning to set in. Younger people have much less money to invest, and they also know that the potential payoff from holding cryptocurrencies far surpasses traditional investment assets. I think most posts points to the younger generation < millennials and below > at this stage, but we should always recognise the fact that there are exceptions to the norm. Your very wealthy older people do not necessarily care about the risks, because they might have multiple other investments for a backup plan. So, in my opinion we should target < millennials and below > and <Wealthy older people> for now, to kick-start the marketing campaigns |
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Technology will be the answer for this problem too, because people will innovate and come up with "One touch" solutions to help these people. I have seen systems being used by pensioners and uneducated people, where social grants has been paid out to them and deposited onto smart cards. They simply give their card to merchants and the merchants deduct the value of the purchase from their balance. People always find ways to survive, even if they have to ask a educated friend or a family member to help them. |
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Also, do not fall for all the FUD and Hype that are constantly doing the rounds. Most of the newbies enter the Crypto investment scene with $$ signs in their eyes, based on some FUD or Hype that they have read or watched on Youtube. Bitcoin and Crypto currency investments is a high risk investment and if you are in this for the "Get rich quick" mentality, then you are probably in the wrong game. Most successful Crypto currency investors have been in this game for years.  |
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So you basically want to do something like this --> https://badbitcoin.org/ for ICO's? These guys have been around since 2014 and they did a fine job. <They should market themselves a bit more for more exposure and activity> I think the most important aspect of a site like this is the trust factor. People must trust that the information provided on your site is valid and not some scam to eliminate the competition. <Some gambling review sites are rumored to be funded by specific gambling sites, to discredit other sites> |
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It is necessary to include the people who can identify the project correctly rather than the age range. Nevertheless, the years we can call middle age, the years when people make the right decisions.
Yea, this might be a good suggestion based on the fact that Middle aged people have more disposable income to spend on investments, than your younger generation. The older generation have already invested most of their money into traditional investment options and as I said, most of them are very cautious, so they will not unlock those funds to buy bitcoins. The Middle aged group also have some time left to recover, if this goes sideways. |
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