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along with the development of cryptocurrencies, part of the crypto spheres like DeFi and NFT of course also developed. If NFT used to be only about digital art, now it's developed to another use case like a usable item in-game, staking, and even be a part of the DeFi project. So, the opportunity to gain some profit and the usability of NFTs is increasing. Many project that has been trying to add the value of NFTs in their project and it's not limited on artsy part only.
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ugh, it's so hard to endure the temptation lol. I was working so hard for the past couple of months with more than 20 new projects and I've learned one or two things from it. I faced some unpaid bounties, low price bounties, and what makes me agitated is the period of the stakes counting and distribution. It takes 1-2 months even more and it's frustrating. In the beginning, I thought that more project means more opportunities for me to have good tokens/coins but man it's so exhausting. I was doing social media like Twitter and Facebook that took much time with little payment, but now I think I have to be more selective and try to do another task like youtube, article, or translation. By the way, now, I only take projects from high-level bounty managers.
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There are two opposite feelings in me regarding the DOGE hype by Elon Musk. In one side, I feel happy because a big figure like Elon Musk was starting to acknowledge how amazing cryptocurrencies are. But on another side, I feel disappointed, why it has to be Doge, a meme coin without certain utility. There are so many projects with amazing use cases out there that can be introduced to common people. I'm afraid with this kind of hype, the crypto world is only known as a dump and pump scheme without any clear purpose.
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DOGE case is proof that the crypto world is insane, either in a bad or good way. I mean this is my first time ever to face something as mind-blowing as cryptocurrencies. It's like anything could happen in a length of seconds. The Crypto sphere is very dynamic and unpredictable. I thought it's all about how people will be amazed at the technology, and utility in real life, and so on, but no! a meme coin can be so much value if certain people said so. People so enthusiastic to join the hype, but please always be aware of the high risk. Keep safe!.
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I think our worst experience as people who engaged in the crypto world won't be far from scammers, thieves, and hackers. But as a bounty hunter especially, I experienced many unpaid bounties, arrogance bounty managers or developers, and manipulation. However, I make it a great experience that taught me to be stronger, wiser, and more meticulous in this crypto world. We can't trust anyone here, we need to guard ourselves and learn about risk managing. I try to become more selective in any project that I took or invest although it won't be guaranteed 100% that all will be perfect but yeah, at least I try to be better.
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For me investing means managing your own risk. I agree that those projects that you mentioned before have a good future considering that they're already steady enough. Each project already has a good track record in the crypto world. However, I think because of their steadiness, there won't be many surprises. The profit won't be too high now. In this crypto world, everything is about managing risk. Higher the risk, probably higher the profit. I've found several new exchangers with unique features and great development like Burency and AdonX, you might want to check it.
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FOMO is an abbreviation of Fear of Missing Out. It's psychologically explained that people emotionally want to join the ruckus and hoping to gain some profits when more people buying. FOMO can also be a strategy for people who are doing pump and dump. They create hype to attract "naive" people to buy, after people buying at a high price, then they will dump it. These "naive" people will be scared to death and sold at a cheap price. People who already sold at a high price will fill their bags and if it's enough they'll pump it again and so on. In my opinion, these "naive" people are victims. So let's not be those "naive" people.
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I've met a lot of scammers throughout my journey in cryptocurrencies since 2017, and yes there are no such clear glasses to see through the project. Sometimes what we've thought a great project with the great whitepaper, developers, and so on apparently just professional scammers. I was amazed by their effort. I can't even differentiate between the legit and the scam one. However, although not 100% accurate, I started to learn to be wiser in choosing projects. Currently, the scam was just changing the name and form. They would always be those devils in crypto as long as there's no regulation, so let's bear with it and guard ourselves right
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cryptocurrencies sure are one of a way out to solve our financial issues in this pandemic. I can see one of the reasons why that the popularity of cryptocurrencies increasing because we're in pandemic states right now where people can't go out, people got fired, etc that makes them tried to find another alternative to gain some money. We don't need to go out from the home to gain some cash and it's answering our needs in this pandemic state. More people joining, more hype for crypto sphere, more risk there but more we can gain.
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