I think that in 2019 ICO will be still alive, ICO investors will be smarter and only join good ICO. No more lands for bad and scam ICO. 2018 is not a good year for investors because most of token dumped below ICO price. Do you think 2019 is a good year for ICO and all tokens pump after ICO like it was in 2017?
Before the cryptocurrency market grows, ICO will not have prospects for development. In addition, now the problem of fraud among ICO projects has become very serious, and here the issue of state regulation of this type of activity has long been ripe. In addition, many ICO teams are now trying to deceive bounty hunters by arranging, after the completion of ICO, false KYC checks in order not to pay the tokens earned by us. So many problems. Most likely, many bounty hunters will be forced to at least temporarily curtail their activities due to a drop in earnings.
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I noticed a just ended bounty campaign and a participant got 80K tokens. I was wondering what h will do with that token. I want to know what happens when bounty hunters gets more or huge tokens during campaigns.
In a recent ICO signature campaign, I received 96 thousand tokens that cost $ 57. So the sum of tokens has almost no value. Rather, in addition to the number of tokens earned, its price also plays a great role. Sometimes we earn a few hundred thousand tokens, but the token is still not traded on the stock exchange, and perhaps they will still be lying dead weight in the wallet.
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Now only short-term trading and campaign bounty still generate a certain profit. However, trading on the stock exchange requires good market knowledge and even more experience in this business. Here you can quickly make a good profit or lose all your money. Therefore, novice in the trade is not the place. ICO's generosity campaigns are now very problematic, given the large percentage of fraud and the holding of previously unspecified KYC checks at the end of the ICO. In fact, this is another type of scam against bounty hunters.
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If Bitcoins aren't tied to a conventional currency, how did they get so valuable?
Cryptocurrency does not necessarily need to be tied to a regular currency in order to have a certain value. The value of a cryptocurrency is acquired by the fact that it becomes useful for people, creates convenience and comfort in its financial activities. Cryptocurrency has only a ratio in price with a regular currency, but not a price peg to it.
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After yesterday's sharp fall in the price of Bitcoin, hardly anyone will write that the price of Bitcoin is stable. The question disappears by itself. Yesterday, bitcoin confirmed that it is still unpredictable in price bitcoin. In addition, it fell in price for no apparent reason. It is unlikely that this was facilitated by holding the BCH fork, which is scheduled for today.
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Yes, Bitcoin is falling quite hard, this makes a panic sell. The reason maybe is because the hard fork of Bitcoin Cash so people sell their Bitcoin and buy Bitcoin Cash and it caused a panic sell. But, this will normal again and Bitcoin will go up again. We will see about it.
Hardly hard fork bitcoin cash, which is scheduled for today, was not the cause of this fall of bitcoin. They knew about the tough plug for a long time and hardly on the last day everybody started buying Bitcoin in cash. Although this could also play a role, there is no bad news about the cryptocurrency relation. This fall in the cryptocurrency market will play a bad role, it seems that the market stagnation will last for a long time.
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Against the background of this long period of stagnation of the cryptocurrency market, we needed good news so that the market could rise by the end of the year. Given such false news, it does not seem to see us raising the price of our cryptocurrency. Moreover, yesterday the course of Bitcoin, ethereum and other cryptocurrencies have fallen sharply. There is no news about the reasons for such a fall. It is unlikely that such a news with a translation error regarding the lifting of the ban on the circulation of cryptocurrency in China caused such a fall.
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This thing came up to my mind suddenly. As I know a currency is a transaction medium that majority of the people agree to use to exchange their items with them. If it is the case, if majority refused to use crypto currencies, what will be the consequences may occur ? And how it will affect to the ICOs ? Any Ideas?
If majority refuse to use cryptocurrency, then crypto prices will not rise much. But this refusal will just defer the acceptance of crypto. The day will come where all people will eventually use crypto whether they like it or not. You can not get people to use cryptocurrency. Cryptocurrency will always be voluntary. In our world there will always be cash and non-cash forms of payment, a cryptocurrency can only be an addition to these currencies. If people completely abandon the use of cryptocurrency, then it will simply cease to exist. It will not cost anything. The value of cryptocurrency arises only when it is in demand. However, the disappearance of cryptocurrency is unlikely.
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Thats why I think its about time to improve KYC process like real time process, I encounter some verification where in they video chat their costumer just to prove their identity and fight identity theft and falsification. Documents can be easily faked so I think live verification could counter this somehow and lessen those cheaters.
KYC checks should only be carried out by investors, not by bounty hunters. However, the most important thing is that the ICO teams themselves do not pass any checks and, as practice shows, 80 percent are fraudsters. With potential scammers to be honest? And at least one ICO team indicated on the basis of what regulatory legal act they require to undergo a KYC test for bounty hunters? Bounty hunters are not clients of the ICO team, because they do not pay them their money. They are deceiving us, and should we send them our identification data and copies of our documents?
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The ICO team should not be anonymous. The ICO team does not confirm their personalities and investors are sending their money to them, relying more on trust. If investors do not even know the names and surnames of the ICO team, to whom they can then make a complaint. if in the end they will be deceived? Therefore, I do not advise having a relationship with the ICO team that wants to remain anonymous. At a time when about 80 percent of ICO teams are scammers, such anonymity is unacceptable.
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Do you have any good reason to believe that the ICO market is going to grow this year?
Since this year is coming to an end, we can already say that it was just awful for ICO projects and for bounty hunters. This year, ICO projects were moving very hard, many even good ICO projects did not raise even the minimum amount of funds. Also because of this, the work of bounty hunters was largely wasted, even if the ICO projects ended successfully, they did not bring tangible profits.
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Almost every discussion about altcoins majorly is centered around ETH, this has taken over the first page of the https://bitcointalk.org/index.php?board=67.0 section. This goes to show the important of the coin in the space and how much premium is being placed on it. My belief is that ETH will not die and most ICOs will continue to launch on the network. This will make the price to back up as the demand for it will increase. There is no doubt about it. On the ethereum platform, several thousand different types of tokens have been issued and this coin is necessary for their movement. Therefore, it will always be in demand. Ethereum is indeed often discussed on the forum, since it is the honored leader of the Altcoins and now it is unfairly too low in price. Not so long ago, there was a slight panic about the fact that ethereum fell noticeably in price even when Bitcoin was standing still or even slightly rising in its price. I think that problems with ethereum are temporary and especially after the expected improvements to this coin, it should soon gain further popularity and grow in value.
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Why participate in a project where KYC is required, if you also doubt the legality of the ICO and its team. I always pass by such projects, as my reputation and time are more important! The fact of the matter is that at first the ICO teams do not write anything about the need to go through the KYC check in the future, even they are silent on direct questions about this, and sometimes they say directly that there will be no KYC check. And after the end of the ICO suddenly declare that you need to undergo such a test. Already after the completion of our work, when we are waiting for payments of tokens, to leave, this means leaving them with earned tokens. This is what the ICO teams rely on. This is a common fraud.
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Yes, we try, work for months to earn new tokens. However, the ICO teams have now invented a new form of fraud in order not to pay off the tokens earned by bounty hunters. After the end of the ICO, they unexpectedly, without prior notice, announce the KYC audit and impose such requirements that cannot be fulfilled taking into account the peculiarities of the national legislation or come up with other reasons for refusal.
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Do you read their rules before joining their campaign? Almost it has: "Team project and bounty managers reserve the right to change the rules" Even changing percentage of allocation for each bounty section. So, if they will distribute rewards afer doing KYC, I think it's ok. It's only problem with cheaters. That you more carefully read the conditions for joining the campaign of generosity ICO. There are surely indicated specific conditions that can be changed, this is the order, terms and amount of payment of generosity and some others. Otherwise, why then draw up rules if any conditions can be further changed. Any lawyer will confirm to you that such a document will be illegal. As for the announcement of the KYC check only after the end of the ICO, this is just a new form of fraud by the ICO team so that the bounty hunters do not pay out the earned tokens.
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what's your problem when you undergo a bounty? or can you say what obstacles do you sometimes feel lazy to do or work on a bounty? perhaps all of you have some obstacles which you can share here and might be useful for others. please share your experience Now the biggest problem in obtaining generosity is a new form of fraud on the part of the ICO team, namely, the announcement of the KYC audit after the end of the ICO and precisely with the aim of not paying the tokens we earned. This requires the provision of such data, which is sometimes impossible to imagine due to the peculiarities of national legislation or inventing absurd reasons to refuse to pass the test. For example, the refusal of political unreliability, when affirmed a positive answer to the question of whether any of the relatives engaged in political activities. And where is it before the tokens I earned?
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Currently seems every project or crypto company wanna create a stable coin now, except USDT, currently we have GUSD, TUSD, PAX.
But do you think it's really necessary to have so many stable coins?
Stable coins are very convenient when using cryptocurrencies and are very helpful in practice. Therefore, I am in favor of having more of them, so that there is a choice, and there is some kind of competition between them. For the time being we will choose which coins will be in demand, they will remain. I am very pleased with the appearance of stable coins.
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Most cryptocurrencies are tokens, and the scope of their application is still very diverse and as they continue to emerge, as people have new ideas for their practical application. ICO activity is a very good way to improve cryptocurrency, so we need new coins and tokens. Vseravno useless types of cryptocurrency market will reject, so do not be afraid that there will be a lot of coins. On the contrary, investors now have a choice.
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In vain you sell your coins and tokens. Cryptocurrency market develops cyclically. During the recession there will always be a rise in the market. Nothing significant has happened. Bitcoin pumped in price, and that was followed by a very long correction. Therefore, it is now most reasonable to save your funds in a cryptocurrency and again expect the right time for trading. Impatient and fearful will periodically lose their money, and due to this, others will make a profit. This is the law of the market.
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Well for me i do not think that there would be a pump for the bitcoin like last year but still i am hoping that it will happen next year or maybe pump but not like last yeat as well. For you what do you think will happen
Everyone knows that the crypto market has a cycle. According to the schedule of 2016 and 2017, at the end of 2018 there will be a furious growth in the market. However, many were burned in early 2018. Because everyone planned that the market will be bullish in 2017 throughout 2018, but there was a collapse. This just indicates that no plans and schedules work in a cryptocurrency. While it is clear that there will be no big growth in the cryptocurrency market at the end of this year. Investors are very passive now, they lost most of their cryptocurrency funds this year. Everyone is waiting for how events will develop further. Of course, they can still develop in different ways, because it is a cryptocurrency.
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