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Sounds like bullshit to me. Rules like that should be announced before the bounty campaign starts.
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I suppose it could since there is a lot off cool stuff on the horizon for ETH. I think if it does the total crypto marketcap will be well over 1 trillion though.
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Totally hyped to get my bounty ICX. I completely forgot that I even did the bounty. I already submitted but like everyone else I didn't get any confirmation. Hope things are made clear before the end date.
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Both, though it's difficult to tell what bounties are worth it, so I usually just do easy things like joining their telegram/slack etc.
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I'm sure most of them will fade away. Only the ones with a good use-case and adoption will survive over the coming years. This is a very high risk market and a lot of the coins/tokens out there should be treated like penny stocks.
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Pretty high risk but EXRN may be a 100x if they actually do what they plan. Most of their competitors are in the top 100 so they have a ton of room to grow. Basically they are working on a way to easily connect different blockhains using smart contracts. Read more about it here: https://exrnchain.com/ |
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SALT really took a beating over the last month or so. It has a working product that has a ton of potential (Fiat loans backed with crypto) but they've been very slow ramping it up. Probably more of a long term hold though.
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Too many speculators that know little to nothing about blockchain that probably invested way to much during the mania happening in December. They all be back once Bitcoin or other projects start making headlines again.
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Yep, made some decent cash trading EXRN on Idex and ED this month. There's definitely opportunities to make money trading low cap coins if you look hard enough.
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Most of them probably will. People should be treating a lot of crypto like penny stocks and not long term investments. I'm not saying there aren't good altcoins, it's just most of the 1500 or so of them won't survive.
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You can get addicted to just about anything. I won't deny though that the risks and potential gains make it feel a bit like gambling though. But honestly, don't treat it like gambling or you'll end up chasing pump and dumps and lose all your money.
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Learn by doing. I started with a couple hundred dollars and just immersed myself. I learned a ton and made a few mistakes, but IMO it is probably the best way to get a feel for the market. You could also try https://testnet.bitmex.com/ if you want to do some leveraged trading without any risk. Trading a margin is definitely something I wouldn't just jump right into with real money. |
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Low marketcap coins are higher risk, higher reward. Don't put the majority of your money in them. Most of them are not long term holds and will probably be worthless eventually. However, if you do pick the right ones you can make some serious gains.
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I only own a Ledger Nano S but I can tell you it's worth it. My advice is use My Ether Wallet with it instead of the Ledger Chrome app because their app sucks IMO. The Ledger works flawlessly with MEW.
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I start with general questions like:
- What is the usecase? Is it something that's actually going to be used in the real world?
- Even if the usecase is good, is the coin/token something that will be valuable for an investor like me to own?
- What kind of competition do they have? How does their valuation compare to their competition? Overvalued? Undervalued?
- Is the team good? Do they have experience with blockchain? Do they ave people with experience with their specific market?
- Do they have a working product? If they don't have one yet, do they at least have anything to show besides a whitepaper?
These questions are a good place to start IMO.
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Doesn't it cost something like 490 GAS to run an ICO on NEO? That seems like a pretty huge barrier to entry. Something to keep in mind.
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Stay away from pump groups. They are only interested in making money off you.
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Depends on the source I guess. Most of the time I just use those sites for basic information like Marketcap, percent of coins being sold, etc.
I do like a site called Crush Crypto for ICO reviews though. They've been at it for awhile and have proven to be trustworthy.
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