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Lets see: the korean exchange that just disappeared with investor money and oyster are just two off the top of my head that exit scammed with investor money.
Only invest with CEOS that are visable and vocal in a project. Off the top of my head: modernchain, hinounou, and linkchainx are where ceos are always in chat, always having public events (mfchain had a debate with mcscamfee and other project CEOS) and where they have a extensive business history. If you were to background check them, they would have a clean record.
You should never invest if there is any question about who someone is. Some of these scam projects just put random pics up as the CEO. you should do, at minimum, a huge google search on all project principles.
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Absolutely do not panic sell. This is the time to pick up great projects like tokenbox, modernchain, hinounou, stellar, linkchainx, and tapcoin (hooch app).
Crypto is here to stay. thousands of jobs worldwide and the technology is evolving day by day. We all need to look at long term not short term shocks.
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The constant shitcoins and hype coins that are somehow able to shill themselves to the forefront of the crypto world meanwhile the great projects that have actual utility/would get people who come from the non-crypto world to use crypto are ignored and written off as shitcoins because they dont have 20000 shill accounts posting about them. Modern Finance Chain, Hooch App (tapcoin), U Network, and several other projects come to mind
to the people who say nice shilling: i will un-apologetically point out projects that matter and help this space. Call me a shill, IDGAF. I am sick of the shitcoin's exit scamming of people because they are able to pay for enough account to down vote the naysayers.
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Still looking for Citizens
message @cryptoandrew321 on telegram for korean citizen. |
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I have not get good luck in investing into icos and the few one that I have invested is not doing very well in the market. Icos investments is very risky and many investors have lose significant amounts of money. I don't think we can really succeed the ways people and investors are losing money through icos scam projects.
One has to do a lot of research before investing in ICO's, its true that there are scammers out there who are pretending to be the real deal, only for investors to lose their money after investing in the project. IMO, there have been successful ones which has deepened the pockets of investors and more upcoming ones which look promising. But if you are tired of ICO's there are still other ways to invest in blockchain, for example, consider Hooch, not your typical ICO but the concept is wowing, they are tokenizing the rewards ecosystem by giving their users Tapcoin and discounts off their drink purchases, hotel bookings and access to reservations at top restaurants. And because Hooch is already an existing platform which is embracing blockchain, it is something worth investing in. |
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More than 90% of ICOs (still a wide margin) lack pure utility aside from trading values. Among freelancers, people may trade one crypto for another, but in a brick and mortar business scenario, crypto has little to no impact. For example if I walk into a store I could get the credit card and a few other payment options. Still, with the over abundance of crypto technologies and their native tokens, only a handful of stores have barcodes for bitcoin and a few other payment coin types.
I think we need more radical real world businesses tokenizing their products and using this 'tokenization' as a means to garner support for mainstream crypto adoption. Like rewarding people loyalties for using their products.
Does anyone else here share the same concerns, or do you know a coin that is owned by real businesses for such purposes?
The advent of the blockchain industry has paved the way for an effective global digital economy which surpasses geographical boundaries, however, the erratic nature of the crypto market has caused more panic than necessary resulting in a stunted growth in mainstream adoption. I think it will take more time before we see real businesses adopt cryptocurrencies as a payment option. So I read this thread and found it quite interesting and went ahead to do some research. I discovered that companies like Walmart, CheapAir and some Universities e.g. University of Nicosa, Cumbria University accept cryptocurrencies (Bitcoin) as a form of payment. Does anyone else here share the same concerns, or do you know a coin that is owned by real businesses for such purposes? More so, in the hospitality industry, Hooch for example is expanding their reward program by introducing the Tapcoin project which is a way to incentivize consumers/customers with a 10% rebate, while others like TUI Swap, ZoomAway among others in the same niche are beginning to embrace blockchain. So IMO, its only a matter of time before other traditional companies in various sectors begin to adopt blockchain technology and cryptocurrencies for payment in mainstream. |
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I don't know any sure fire way easy ways to make money. My friend works in crypto and seems to make good money that way; however, it is super competitive and like any small business it requires a lot of blood, sweat, and tears. It is not for everyone and it definitely not easy.
The thing i am doing is looking for companies, who are doing loss leader type deals to get new investors or customers in the door. For example, a coin called Tapcoin-Hooch (Hooch is their platform) is offering 300 dollars in credits to sign up for their platform, which gives you 31 days of free drinks, free food, and access to extremely reduced hotel stays all over the U.S (plus other countries). You also get VIP access to special events and classes. So, basically, they are paying you to sign up for their service for free and giving you free stuff to do it. I will post other sites and examples as i think of them. However, these are the deal you need to look for. it is hooch.co i believe. You need to be sort of a hustler and think of your feet. If finding these deals were easy everyone would do it.
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I think so many people are now getting to know about this great technology. Crypto is gradually being know by almost everyone. Some are beginning to know the importance of crypto. The challenge they may have is how to benefit from it.
I think each one of us is responsible for spreading cryptocurrency. That means going to the businesses you frequent and say, "hey, i want to pay with cryptocurrency, can you accept bitcoin or eth right now?" If they say, no i press them and say, " why not, and why can't you give it a try. If you try it out, i promise i will tell my crypto friends to frequent your business over others in the same industry who wont even consider it." I cannot say every single business converted but i was able to get a computer repair shop and a bike shop to start accepting cryptocurrency and thus far they had no issues with it. Be the change you want to see. |
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For sure they are decreasing but that's not a reason to not invest in legit quality ICOs. Entering the best ICOs now (i.e in a bear market and before a bullmarket has begun) could generate some very tidy profits in the medium term. Why? Look at the price of ETH. Dirt cheap meaning investing in these good ICOs is cheaper than it's been for a long time. Potential Xs are increased. Some people have said the time for ICOs doing 20X is over. Bullsh*t. It's a bear market and people are scared. But when people are scared that is the exact time that you should be buying. Buy the blood. Sell the hype/ run/ news whatever. LINKCHAINX (alongside maybe one or two others) is the only ICO I would consider at the moment because it's solving a real-world use-case in the supply-chain market. Basically freelancers and people that want to hire their services. By 2023, about 50% of the US working age population will freelancers according to experts. And LINKCHAIN will be there to take a massive part of that market share. That's why I'm in on this. Massive use case and future potential. And much better than their rivals e.g. Fiverr, Upwork and Freelancer. They also have a very active Telegram: https://t.me/linkchain (also a big plus for me as an investor as it shows an engaged and active community) Have a good day folks. I agree, I just stumbled on to linkchain, and aside from the commission not being predatory, i like that people will actually use the service as intended instead of doing what they do on upwork and just making a deal off the platform. Stuff like that shows that upwork has a majorly problematic model; however, what alternatives do people have. I hope Linkchain will finally prove to be a viable alternative. In response to the question: i think people are smartening up, and are actually looking at whether a project is viable and makes sense before they invest. Instead of saying, " omg, they are going to analyze big data using blockchain, and the supply is only 2 million, OMG BRO SIGN ME UP" The projects like that are falling to the wayside, and projects like Linkchain and others like Augur are getting investment. I hope this trend keeps up. |
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ChainLink vs. LinkChain?
Completely different projects. LINKCHAIN (LNK) (soon to be in ICO), is a supply chain project for buyers and sellers of freelance services e.g. graphic design, web design, or copywriting for instance. It will work with/ on-top-of currently established platforms like LinkedIn (initially), and later on Facebook, Fiverr and Upwork too, but make it safer, easier and cheaper to conduct business, whilst still retaining access to the huger user-bases of those platforms. Chain Link (LINK) on other hand is a blockchain project focused on connecting smart contracts to real world data, events and payments. LINKCHAIN (LNK) will probably be a top 50-100 cmc project and is well worth the investment in their ICO when it starts on 11th November this year. Thanks for helping with this, and the link for the whitepaper. Much appreciate your support! No problem Nancy, I give credit when credit's due. World class ICOs are far and few between these days. |
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ChainLink vs. LinkChain?
Completely different projects. LINKCHAIN (LNK) (soon to be in ICO), is a supply chain project for buyers and sellers of freelance services e.g. graphic design, web design, or copywriting for instance. It will work with/ on-top-of currently established platforms like LinkedIn (initially), and later on Facebook, Fiverr and Upwork too, but make it safer, easier and cheaper to conduct business, whilst still retaining access to the huger user-bases of those platforms. Chain Link (LINK) on other hand is a blockchain project focused on connecting smart contracts to real world data, events and payments. LINKCHAIN (LNK) will probably be a top 50-100 cmc project and is well worth the investment in their ICO when it starts on 11th November this year. |
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