It's a huge offer, it can cause a downfall for the project if the tokens are unlocked at the same time. If they offer an offer like that, then they need to have a distribution schedule in multiple installments to avoid causing collapses price
You all saying 40% bonus is too much, yes I agree but what if it's just a facade? What if the project intend selling the token for 1$ and then come up with a strategy that will attract more investors by pretending to offer bonus. When in the real sense there is no bonus, instead of 1$ initial price, they sell for 1.4$ with 40% bonus. If you understand what i mean, the 40% bonus in this case is just a means to attract more investors. Well i don't invest in projects giving too high bonuses to early investors, for me its unnecessary and might be detrimehtal in the long run.
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I don't believe in ICO ranking sites. Most of them are paid and not real. The more they get from the team (payment) the better the rank they will give!
What I am looking for in ICO is looking at MVP, live and working products. Something that really can make a difference. Not just empty words with fancy pictures.
This is true, most ICO ranking sites get paid to give a project good ratings. I remember when there were so many ico ranking sites like icobench, icobazar, icoratings, icobird etc etc where guys check before participating in any ico. Funny enough some people just rely 100% on information they see on such rating platform, hence they consider it their own research. The only ico site i still follow is icodrops, I'm not saying there is no form of paid rating there but atleast their ratings look more genuine. Also, OP as you mentioned checking MVP or working product, that's a great approach but nowadays advanced scam projects use an MVP to lure in investors, with no plans to develop the working product. Most roadmaps are just paper work, and will never be actualized.
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Corona has destroyed our lives and during the quarantine, we must stay at the home as you mention for God's sake. It is also necessary to find any way of earning money. Maybe try trading with top altcoins can help us with that. It seems, it is the best way of earning money, indeed you can also get income from bounties and airdrops. But it is obviously getting income from bounties to take so long time. But we should be more careful about scammers, l mean with corona there came also some chance for scammers and they take advantage of COVID-19 to make their goals.
This covid19 has really affected us in so many ways, but if you are good trader, atleast you can be making some profit from about 70% of your trades. I've been trading with aim of making small profit for each trade and then leave. If i make say 5% profit, I'm ok since I trade with a reasonable amount. Bounties are still ok if you can do proper research before delving in, but the problem is that there are too many fake new projects doing bounties.
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To be successful in any job, pre-experience is surely needed. But how we will gain knowledge. There are two ways- theoretical knowledge and practical knowledge. To be a successful trader, it is very much important to know how to trade, how to manage capital, how to make profit, when to buy when to sell etc. But if you only read books, papers, magazine to acquire knowledge, it will not be fruitful. Beside theoretical knowledge, you need to acquire practical knowledge. For that, you should involve with such persons who are directly engaged in trade for long days. You should study the market strategy and find out how it works, You can make a personal survey on different issues of trade. You can study the failure persons why and how they failed and so on. After all you have to start the trade in small volume initially and follow the successors to be a successful trader.
You made a good point about studying why and how traders fail in trading, and then make amend. Before i started trading, i did thorough research on reasons why traders fail, and everything boils down to improper risk management and greed. Knowing when to join a trade and when to leave is vital to be a successful trader, like OP mentioned ; safeguarding capital is imminent. Knowing perfect time to buy/sell is not easy. You need to be very good in technical analysis to get it right most times. However, once i make 10% from a trade, i set OCO with a tight stop loss. This ensures even if the coin dumps, I'm still in profit. I'm not saying i always gain in all my trades, sometimes i lose but my stop limit always stops me out reducing further loss. Sometimes stop limit hits and price surges up after. Trading is just so complicated, you can never get it right all the time.
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I don't know what will happen after this pandemic is gone but i expect positive or greenish crypto market, some thinks that crypto won't survive this pandemic and infact it performs better than stock now many are fully aware of crypto potential, I expect more adoption rate, let's all sit back and watch
All crypto enthusiast are optimistic that crypto adoption will boom after the pandemic, but i really like your first line "i don't know what will happen after this pandemic". It's a two way thing as always, but at least many feared crypto because of the negative side of volatility (which also has its pros anyways), now its clear that not only crypto is highly volatile since the stock market was also hugely volatile this covid19 period. Let's keep the faith alive, who even knows when this pandemic will be over. 😷
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Honestly the fact that fees are high doesn't make it scam. I once asked an exchange support why their fees are high and he said it's for faster transactions. Well, i dont use such services to convert crypto, I've been seeing changenow but I'm not sure about their reputation (whether good or poor), so why will i jump into it. Thanks for sharing your opinion OP, atleast it creates more awareness on checking fees before using such services.
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I laugh when people buy coins because of price action only, without proper risk management. Can the project boast of any product or atleast a promising MVP? HEX has been talk of the moment in crypto world, just because the price keeps going up. Like they say, what goes up must come down so don't get caught up in the dump when it happens. I'm still looking for good reasons why i should hold HEX for long term but none yet, so i sold the little i had today. Good profit anyway, I'm not discouraging long term holders. The community is superb, that's a good thing about the project.
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New use case my foot!
While we are all hoping for a new kind of Bitcoin that will beat the old Bitcoin many have lost a lot but in the end I begin asking myself why I want new coins by the way, the old coins can do everything we ever hoped for and infact these old coins does things better than 99% of new coins nowadays, whatever the case may be I'm sticking with Bitcoin and maybe ethereum forever
You are giving new coins thumbs down, yet you promote Relictum, somehow. However, you made your point ; most new projects do not offer anything new, more like adding to the number of already existing projects but with no amelioration or revamping. Looking at it from another point of view, we need new projects but with new project aims or an advancement of those already in existence. For instance, after BTC if ETH didn't launch, we won't be talking about smart contracts today. I understand that BTC can serve in place of most new coins, notwithstanding their use cases. Example we can use BTC for online shops, but some new projects take that as their use case which is cool if you ask me. Reason being that some people take BTC as store of value, since the network becomes congested at times and transactions become slow. Hence there is need for new coins, new use cases, new blockchain architectures etc.
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I wonder why someone will discourage others, saying bounties can't make you rich nowadays, yet he is wearing a signature. The aim is not to get rich quick, the aim is to promote a decent project and get paid. OP has a point anyways, we can't compare now to earlier days of bounty campaigns. Things changed; after doing some campaigns you might not even be sure of reward unless funds are escrowed, or sometimes reward doesn't worth it. This doesn't mean bounties do not pay anymore, recently people got well paid with a few bounties and it's enough reason to keep the hope alive.
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Which of the above are Genuine projects and will in a year or two will climb back up to the top 10 rankings in the next bull market? And which of these genuine projects had coin swaps or had been hard forked within the last few years? Or shall I assume these coins are genuine because they survived the bear markets for past couple of years and yet still maintaining that top 100 ranking?
Most of the coins you hold are genuine projects but holding too many coins at a time doesn't work for me. Two coins on your list I have been following are SONM and BNT (Bancor), and they keep rolling out development updates which shows the projects are still alive, others I haven't been following. When you hold too many coins, if there is a swap you might miss out since following all won't be easy. We just need to select a few coins, (for me 3 altcoins is maximum) and follow up on the projects.
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I thing it doesn't matter on the time. It's always the project it is good enough to stay at the market or not? If your project have some great appeal then whatever the time is the big investors will surely show some interest. And people who know how to pick a project or invest in ico or ieos will sure go for it. This specific time has many pros are cons. But o thing we shouldn't count them. Just hope for the heal.
Why do many people keep saying it doesn't matter which time you launch a project? It does in my opinion, and that's part of strategizing. A blockchain project with medical related project aim being launched now in this covid19 era should do better than a project related to sports. This is because no major sport games are going on worldwide, but the medical related project will draw more attention since it has something to offer right now. I hope my point comes with clarity.
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In the first place, avoiding to lose up to 80% of your portfolio is important, prevention is better than cure they say. If your stop loss is always intact, then you can't lose more than 10% of your entire portfolio at a go. Mind you, I mean setting stop loss to sell to a stable coin like USDT. However, if up to 80% of one's portfolio drops due to dip, best way out is to hold but that's if you are not holding a dead coin. By dead coin i mean coins belonging to abandoned projects after team has cashout. Let's be very careful, risk management is vital.
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Sometimes I wonder why some shitcoins pump hard up to 1000% with low trading volumes below 10k$. It looks more like the team pumping with bot action and then dump on greedy traders who will place huge buy orders. We just need to be careful not to fall prey to such and also build a good trading strategy that works for you. Never jump on pumps or reget why you missed out. I really appreciate the points made by OP, atleast newbie traders will learn.
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Scammers knows what investors want, be very careful
I really like your point of view and strongly support it. IMO project from the beginning looked messy to me, users didn't have full control of their wallet to begin with, no private keys or mnemonic phrase or keystore. Also, the percentage locked after participating in the initial exchange model was way huge compared to the percentage released, doesn't really make sense. Many Bounty hunters fall prey especially when a coin is trading (with low allocation as usual) or when the project has high allocation and hype even without being listed. The manager in charge also matters, that's one of the things to check before doing any bounty. Most importantly, do your best to ensure the project is genuine, if at the end things go south, atleast you've done your part, there mustn't be a perfect end all the time.
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Now the Coin Market is starting to get a lot of headwind though BTC has not been able to make a very good position. We need to look at future generation by buying more tokens or shares to make more profit.
When you mentioned BTC has not been able to make a very good position, are you talking about its impact in real world or ? Also buying coins to hold for future profit comes with risk, hence risk management is very important when it comes to this. OP mentioned we should buy more crypto since banks have their flaws, not mentioning the implications if it goes south. I'm very optimistic that crypto has a bright future, but we have to be careful which coins we choose to hold long term.
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The project may say that and if you are an investor, you shouldn't believe that right away. Because if it's just words without clear action or evidence then all is just bullshit
Listing announcements prior to listing is not entirely bad, unless the team lied about it. For a team with good strategy and planning, i think the best way to put it is "we will be listing in a top exchange" without mentioning the name of the exchange since some exchanges do not permit disclosure before listing. This pre announcement can even create hype around the coin, hence boosting price.
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What are the best exchanges to try and get your new token listed on? I'm talking about realistic exchanges that you actually have a chance with.
Consider Bitmax and Hotbit, they are actually gaining more popularity, trading volumes and increased trust rating. Also, the listing fee can't be compared with the likes of Binance obviously. I believe you are referring to an exchange with fair listing fee, yet dope. There are are other exchanges with cheaper listing fees, but reputation of an exchange is very important, not just low listing fee.
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Hey
I have noticed a few projects that developed a deflation system for their coins/tokens called burning.
They burn their tokens on a special occasion or simply when someone pays their product with the native token. They burn few percent of the price.
What do you think about this? Imo, if people actually buy the produc then it can really reflect the price of a coin?
Let me know what you think.
In the past token burn was a catalyst for pump, with time that factor changed. Burn news wasn't really moving the market for a while now, but recently, i was shocked that SOL burn news caused an immediate pump for the coin. I made 20% profit from SOL due to that FA. However, coins like BNB, KCS etc keep announcing quarterly burn and it now looks normal. Coin burn for me is ok, it reduces circulation, hence improves price.
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People keep asking when is the right time to buy BTC or ETH, the answer depends on your intentions. Do you intend holding long term or trading? If it's for long term hold, now is always the best time to hold some BTC or ETH in my opinion, I might be wrong. But when investing in crypto, risk management is important, do not invest what you can't afford to lose. I remember people who got affected when Parity was compromised some time ago, imagine you invested 70% your entire funds in ETH and stored in parity wallet, you might be a victim of heart attack. That said, if your intention is for trading, always find a very good entry, do not chase green candles unless there is a very strong FA, but always wait for retracement. The funds are yours, the investment is your choice to make. You know the level of risk you can take, it's that simple.
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Lol obviously its a shitcoin from airdrop. Check the token supply and other features. There is nothing special, I think i have that token in my erc20 wallet and I've never bothered about it since it looks more like a joke to me. Well, if it worths something in future, etherscan or ethplorer can help us know its worth, or even trust wallet simce trust wallet displays token worth. If I'm to give my opinion, do not put any hopes on that token.
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