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Price prediction of cryptocurrencies has caused more harm than good. The first thing to know is that, this space is unpredictable and that is the truth, so anyone investing because of what so called experts says is doing so at his own risks. These experts will predict the price of a coin but might end up not investing or even be the first to exit to USDT when the market looks unfavorable. I think by now, people are meant to learn but looks like they are yet to; Bitcoin was predicted to hit $20k last year it didn't, it was also predicted to hit $20k and even more this year too it is yet to and look at the price (although there are some months). Let's endeavour to apply caution all the times.
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Gone are the days when people invested in any random altcoins or invest because someone told him to or even because of hype. Nowadays, people are more after what the coin will solve etc and no longer hype. Now to answer your questions, any listed coin with no volume can be regarded as a dead or worthless coins, even if the market will surge there is less chance of people investing in it when there are lots and lots of good coins to invest in. Also, such coins should be kept away from because the chances of getting delisted is high as well.
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There are loads and loads of fake wallets on playstore thus using any of them without appropriate recommendation is certainly the worst thing to do. No matter the funds we wish to store, we should endeavor to ask questions about the right wallet to use, if no perfect answer is found the ask here in this forum. Scammers keeps looking for ways to defraud gullible investors and we have to apply caution all the time. In all, no matter the wallet we wish to store our coins let's ensure to write down the private key, as it is our ticket to access the said wallet.
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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 ?
To start with, yes am afraid of most new projects because if am aren't I might end up investing in bad ones. Most new projects nowadays are just a replica of what is existing thus not having the capacity to last long term, maybe that could be the reason why most people despise them. Any good project with unique idea gets promoted as fast as possible because people will try to know what lies within, in this case drawing more attention to the project. On the other hand, any project with questionable features will attract backslashes from the community. |
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In time like this, when market is down, bull run has refused to come, panic selling, and all coin value depressed, especially for those who just rely on bounty who make campaigns, so many token yet to be delivered, some yet to come into exchange,those in exchange with poor value. I feel so bored, how about you?
That's really True, the nature of the market in recent times isn't what to write home about, most altcoins are already worthless with a little trying their best. In most bounties, the team keeps changing the rules the way they like and so forth. But what I used to encourage myself is that, the technology within this space is top notch and thus only needs a little time to be fully harnessed. We just have to be keep doing what we do best in whatsoever capacity while allowing the market to recover. |
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In as much as I agree that most altcoins will be forgotten in the near future, but I think 99% is far too much maybe 95% can be justified. When one looks at the type of altcoins coming up everyday, we can only but wonder where we are heading to, as it's clear the team is out to fill their pockets. To make it worst, the ones already existing are dropping badly in value with just a little few still holding up, and these ones holding up are the ones I think holds a tangible position in the future. In all doings let's apply caution and be careful of our holdings.
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You made valid points, it's not about regulations it about us being wise. Most people are drawn towards a project just because of what we have heard or the hype around it without doing our research and in most cases backfires at us. The truth has always been that, if we fail to protect ourselves, scammers will continue doing what they do.
IEOs are are now the latest trend, and no matter the exchange due diligence should be taken always so as not to blame anyone if it doesn't go as expected.
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What caught my attention is the fact you said, you logged in and never logged out, that is to say, there is every tendency that someone with the knowledge of cryptocurrencies have accessed your wallet and not the exchange. You might have given out your phone to a friend and forgot you never logged out and the person took advantage of it. I will suggest you check the date the transaction was made and try to think who you met on that same day, if possible recall all activities. As for the funds, nothing can be done about it. |
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I don't think that's the case, maybe you are referring to pre-sale or private sale, before they go for IEO. I have seen many projects which started with ICO this year and along the line moved to IEO, I don't think I have seen any which did both. If they should do such, in my own opinion, then it will look fraudulent and many people might not participate. ICOs already have bad names so many investors are trying to keep their distance as far as possible.
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In my own opinion, we don't need more, to be frank am tired of registering with many exchanges. Talking about new exchanges, the upcoming ones, what new things are they offering? The features they are bringing to this space how is it different from the ones we are used to? Many have came up with various ideas on how they will beat most exchanges but are now worthless. However, if it's in the case of decentralized exchanges, then we need it; we need DEX which can be fast, user-friendly etc so it can challenge most centralized exchanges.
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There is nothing to think as it is the whole truth, anyone saying contrary have something up his sleeves. We have many coins right, but how many can we beat our hearts and say, yes this ones are different, just few of them. Another issue is, more and more are coming up thus almost changing the idea of altcoins to another thing. We need projects which can offer something unique not a retwist of what is currently existing, if this space is to move forward.
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Judging by the current nature of things about ICOs I will say this year has not been favourable to them, in fact the power has changed hands to IEOs. As a result of bad results last year, ICOs which came up this year all switched to IEO and ever since then have not heard of much about ICOs again; so in all things, ICOs this year have been a failure. Also, I don't think ICOs will ever come up again as we are now wise, with a huge number of people not ready to take unnecessary risks with their funds anymore.
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That will be a disaster but truth be told I don't don't see this ever happening not with the rate institutional investors are getting involved now. But I believe soon, most altcoins will worth zero because they have nothing to back them which will ensure they are valuable at all times. Bitcoin is valuable today and heavily invested because it has proved its worth overtime, but how many altcoins can we likened to this? Just few. So let's be careful and mindful of hype coins.
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#Authentication Post
Bitcointalk Username: aemma
Campaigns Joined: Content, Telegram, Twitter, Facebook, Reddit and Medium
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This is gradually becoming the trend now, a team will hype their project then succeed in launching on a good exchange for IEO, once it comes a success and after few pumps it starts going down, leaving everyone to wonder if actually the team had the expertise to run the project. Funny enough, most times it proves right that the team are only after their pockets. Also, the aspect of listing on a shit exchange really looks planned, and the next thing they will say is more exchanges are coming, while the current shit exchange drags the project down and as well the team continues making their move of abandoning the project.
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