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I have already given up on them after they went away with my 1ETH . i tried withdrawing but couldn't complained to BCNEX admin on telegram yet no positive outcome i later realized that they were gone . Now i have to select Exchanges where i do my trading.
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week 9 (17 -224/08)
reddit
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You are right mate , glued to altcoins is not the best as anything can happen . you can never trust the project more than the developers . i always tell people to romancing altcoins in your wallets sell when you should make your profit and move on. I had that experience when joined crypto early 2017 , i held unto some altcoins and was expecting to buy mansion with the profits . i ended up holding some forever because project died and developers ran.
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in most cases the reward for a participant depends on the type of campaign and the allocation of token for that particular campaign and the number of people joining the campaign. I have noticed that signature campaigns do give higher rewards especially for those participants with higher ranks . But for social media like facebook and twitter , the reward is usually low because alot of participants are involved to share the allocation.
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I think those people who buy the top and just those who FOMO. YAM surprised people last week as it went as high as 100$+ people were rushing to buy the top then within 24 hours the price dump to as low as 5$ and everyone who FOMO bought lost a whole lot of money.
I think if people are following a project they will know when a particular news is about pumping the token and if they cannot get in early then they should stay off that token .there is always another opportunity .
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I have witnessed something close to this , but mine was a year later . I did a bounty early 2019 and they only paid early 2020 . the only good things was that the value of their token was worth it and i made close to a thousand dollar from that bounty . some some delayed bounties do pay off.
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You are right the more capital a trader has the more profit he is likely to make but aside from the capital , a good trader must be sure he is mentally and emotionally balanced . Take profit when they need to and should not fall in-love with a project and forget to take profit .
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I think Some people who are scammed are those who get carried away by greed.Most time the scammer will price your coin higher than real sincere people and without thinking twice and doing some necessary checks to be sure the person is real sellers fall for them out of greed and anxiety.
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I am not surprise at the fact that BTC is the highest here .this is because most people who do not even understand what cryptocurency is have heard about bitcoin and they go searching to see what it is . There are also a lot of ponzi where they use bitcoin which make it very popular.
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In as much as Eth is mooning right now and your friend is advising you to invest more in Eth , do not forget the golden rule of investment in cryptocurrencies , 'invest as much as you may be willing to lose ' Although DeFi projects seems to be a contributing factor in Eth price increase, Yet do not rely 100% on your friends signal .
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I will say that giving up should not be an option, bounties may not be as rosy as it used to be in a few years back yet we have to keep pushing and hoping for better days . get motivated and go back to work try to participate actively in some good bounties and luckily you may find one that pays well .
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I do stake my tokens but i am careful of the token i am staking . I must carryout thorough research on such projects before deciding on whether to state or not. if its a good project then by staking you enjoy your dividends at ease.
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This will be good news to the cryptoworld in my opinion , this is because we have alot of people who are on facebook but do not have any knowledge about cryptocurrencies . so if the Globalcoin of facebook becomes a reality it will surely boost crypto adoption.
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Although its not really easy to find a legitimate airdrop or giveaway right now , i think you may be fortunate if you follow a project telegram or twitter account and know when they are going to do a giveaway or Airdrop . this way you will be sure its legit as its coming from the team directly.
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I believe some of those projects having the same use cases come as a way of filling a gap left by the previous project which had the same use case. for instance we have so many projects coming up with different crypto wallets , this is not bad in my opinion because we need a lot of wallets to choose the best . And when there is competition developers who are serious will sit up and improve on their project.
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i also fell victim of this Exchange , i was trusting them so i started trading but within a few weeks i tried to withdraw my Eth but couldn't my Eth has been hanging for over a month now after tried withdrawing. I had to forget and moved on but i didn't expect that from BCNEX.
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