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As bounty hunters we should know how to distinguish a good and bad project before we promote it, do some research and look if the team is capable of doing what they promise on Whitepaper. there are lot of bounties out there which means an opportunity for bounty hunters like us, just learn how to select the good one that will worth our time and effort.
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I think almost all of the government are the same and always want to have full control on everything, just like China who will create their own cryptocurrency but seeing this on a positive side I think it will also good because people will learn to use crypto and soon they will learn the origin of cryptocurrency and choose decentralized coins like Bitcoin. the government may just put other cryptocurrency as another option for payment since they don't full control to it.
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Good job for FBI to arrest this man since he is not needed in crypto sphere because he is just like a virus that create a dirty image for cryptocurrency. maybe they can add another 20 years for his sentence so this guy will never leave the prison until he dies.
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Staking your coins in centralized exchanges is risky because they are the main target of hackers and sometimes they create a drama for their exit scam so I will only stake my coins on a wallet in which I own the private keys to be safe.
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The $1000 is big amount and a good start for investment in crypto, for my own preference I will diversify it with BTC, ETH, BNB, NEO, TRX and CAD because these are the coins I'm following for years and I getting a strong feeling that the price will soon increase maybe at the first quarter of 2020.
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This is troubling because cyber criminals are now targeting popular social media platform like youtube and this is likely to happen with other platform as well. it looks like that the crypto boom is inspiration for this hackers as they become more aggressive these days.
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Indeed, most projects only want to get funds quickly and after that there is no development about their products. And this makes investors hesitant to invest their money because besides being afraid of not getting ROI and projects they are participating don't list on any exchangers
New or old projects have no real use case and investors already know about this which making them to stop investing in new projects and later on no matter how good the project is, they have difficulty reaching their softcap because only few investors now that are willing to take the risk. |
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Whatever the value we see in the spreadsheet is not final because the price of tokens will be determine once it hits the exchanges, it may go up but usually the price of tokens goes down due to a lot of investor and bounty hunters that dump their tokens. This is not new in crypto bounties so if you are bounty hunters for a long time then don't expect too much and always promote the project that is worth it.
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I only hold BTC and ETH for long term goal but OP has a point that instead of waiting for another bull run then we should find other ways to earn especially during this bearish market though short term trading is more riskier compare to holding but with a proper knowledge and good strategy, it will work.
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Is it true that altcoins is very productive but because of the new created altcoins which turn out to be a scammed in a few months, the reputation of other popular altcoins has been ruined and new comers on this space are afraid to invest so it is highly recommend to study first the project in able for you to make a good profit in the long run.
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Well, in this space we are always responsible for the actions we take both in investing and otherwise. In my own opinion, a coin like BTC and ETH are worth holding no matter the amount. But that doesn't mean there are no other coins out there, but this two are worth investing.
Absolutely! BTC and ETH has proven many times that their value can grow based on the market history so it would not a good choice to convert all of your holding of BTC and ETH into altcoins. |
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I invest in top coins. It seems to me that such investments are safe now. But these investments will not bring me huge profits.
Investing on top coins is a good decision because they have a big potential to grow its price once the bull market happens. IMHO its still good to invest this time since the marketcap has been a bit stable for almost a week so it a bull or another dip could happen anytime. |
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Borrow something that is very volatile? That's crazy. For example, you borrowed 1 BTC and then you get $3,000 for cashing it out. Now, you have to spend $5100 to buy BTC and return it. And we are not yet talking about the interest.
You are correct regarding the volatility of cryptocurrency but the OP is stated that what if there is a coin or token that has a low volatility or maybe a stable coin like Tether, would you borrow or not? |
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As long as the IEO is conducted on a popular exchange then it could be safe for investors but recently I found some new exchanges offering the same service which is not recommended since they are not known in crypto space.
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It is as simple as "no pain, no gain." And the higher the risk, the greater the possible outcome, either gain or loss. I take risk because there is no other way around it. Everything in this life is a risk.
Definitely true and if you learnt after taking the risk then you would probably succeed on your next target. people are not perfect so sometimes you have to make a decision and take the risk even if you fail or succeed. |
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Whitepaper is now use by those scammers to attract investors and fall for their tricks so don't just rely on the Whitepaper but also check the background of team members and if they are capable of bringing the idea into life.
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Goverment is now fully aware about the benefits of cryptocurrency so I do not think they will banned it but they will surely make some regulation in able to keep safe the new users and have some trust in cryptocurrency.
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I think that almost all of the altcoins have made some comparison with Bitcoin in able for them to gain attraction from investors since Bitcoin is one of popular cryptocurrency nowadays. IMHO the comparison of different coins is just for the market competition.
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People are intend to invest on a new project because of the hype even without proper research about the project or the product itself, they just want to make a quick profit because they believe that if they invest like other people then they can gain like them.
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