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Alternate cryptocurrencies / Altcoin Discussion / Re: Never invest no product ICOs
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on: June 04, 2018, 05:20:36 AM
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This is a true fact. Most of these new crypto base decentralized project have just a concept. some are not even feasible and practical. They just meant to run an ICO and collect funds. The probability of them to fail is high. People should be vigilant when investing in an ICO.
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3
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Alternate cryptocurrencies / Altcoin Discussion / Re: Scam coins everywhere.
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on: June 04, 2018, 04:33:51 AM
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This is just limited to crypto world. With the development of any field, the scammers are the next thing to follow. As the number of ICOs is very large, it is not easy to find out which are real and which are fake too. Anyway, we should not allow those scammers to gain their advantage over innocent people, we can spread the news of scam coin whenever possible.
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4
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Alternate cryptocurrencies / Altcoin Discussion / Re: Why ICOs are great
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on: June 04, 2018, 04:17:23 AM
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As the name says, it is the Initial Coin Offering, which mean you can get them at a low price. The advantage is, you can get profit easily when the coin enters the market. Anyway along with the easy profit, risk is also included. The ICO could end up scamming, never reaches market or price can start falling are the risks.
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5
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Alternate cryptocurrencies / Altcoin Discussion / Re: Pre sale or ICO?
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on: June 03, 2018, 06:38:23 PM
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What I feel is, this is the concept of high risk high return. In the stage of pre-ICO or private sale, you take higher risk than ICO, if theproject turn out to be a successor, you will get a high return. Same way, the possibility for the project to fail or become a scam is also high.
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10
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Alternate cryptocurrencies / Altcoin Discussion / Re: Investors and Bounty
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on: May 28, 2018, 07:02:20 PM
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i too have seen that the price starts falling after the bounty tokens are distributed. This might be due to the expectation of a bounty hunter and a investor is different. The bounty hunter wants to convert his reward to money as soon as possible (not every bounty hunter) where an investor is looking forward to multiply his investment by few times.
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Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Bounty and too many participants
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on: May 28, 2018, 06:53:12 PM
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I have personally experienced this and at the end the effort is just a waste of time for all the bounty hunters. The bounty should have a mechanism to limit the number of participants to a reasonable amount. This will also create a demand on the project where people have to go for the ICO to grab their share as the bounty is full.
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Alternate cryptocurrencies / Altcoin Discussion / Re: Token bounty must hold or sell?
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on: May 28, 2018, 06:44:19 PM
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The bounty rewards are paid after the tokens are listed and traded for some time now, but I before sometime the case was different. The bounty tokens are paid before listing them in an exchange. The issue here was, the bounty hunters started dumping their tokens immediately to the market price goes down quickly making investors lose their money. What I thing is, it is not a good practice to sell them immediately.
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13
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Other / Archival / Re: Is this the end for Altcoins?
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on: May 28, 2018, 06:39:35 PM
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Normally time to time we see the market is becoming red and green, so it is not an abnormal thing. Anyway there are some Altcoins which are in the dying cycle after a hype, there are coins developed just for taking profit but not delivering a real blockchain/decentralized solution to the world.
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14
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Alternate cryptocurrencies / Altcoin Discussion / Re: How to choose bounty?
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on: May 28, 2018, 06:35:49 PM
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As I have seen, there were scamming project with very good whitepapers too. So, it is not an easy thing to identify real projects over scamming projects. You can look into their whitepaper, the project team, the scope of work, the road map and the popularity too. Anyway, if you are a bounty hunter you should expect these kind of scams too, as it is not practical to differentiate them exactly.
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: why all coins are dropping?
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on: May 28, 2018, 06:23:17 PM
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i am also new in the field so I do not have a comprehensive answer. There might be one than one reason, but the main reason I see here is panic selling. Any market can fluctuate a little bit at any time, but due to that change if people start selling all their assets, then there is a disaster.
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Alternate cryptocurrencies / Altcoin Discussion / Re: What are the benefits of Crypto Currency?
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on: May 28, 2018, 06:12:55 PM
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Each individual might be using crypto for their own way of interest. One benefit of crypto is that you can make some money. To be honest, this is where I am too. The decentralized concept is driving the traditional systems to a new dimension so that in the future the limitations of centralized systems will over come.
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17
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Alternate cryptocurrencies / Altcoin Discussion / Re: Still did not get bounty rewards?
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on: May 28, 2018, 05:58:08 PM
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First I am really sorry to hear what has happened to your effort. There are few reasons where you will not get any reward from a bounty. The bounty might be a scam or you have not followed their rules correctly. IF you are sure you have complied their rules, then go ahead and contact the bounty manager directly so he might help you. As per my experience, If you fo 10 bounties, only 3-4 will get you a real reward.
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Alternate cryptocurrencies / Altcoin Discussion / Re: How to know if Bounty is scam?
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on: May 28, 2018, 05:53:03 PM
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It is not an easy task to identify the scamming bounty/ICO nowadays. There are hundreds of bounty/IOCs are going on and if you are a bounty hunter you also might now have enough time to go through all of their materiel. Anyway things you should look at are, the team, whitepaper, documentations, popularity and the project that they have proposed. Sometimes all of above seem to be real yet the bounty/ICO end up scam. You should expect that too.
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Alternate cryptocurrencies / Altcoin Discussion / Re: Where can I invest as a newbee
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on: May 28, 2018, 11:34:12 AM
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I cannot directly give a spot where you can invest your money but there are lot of opportunities to multiply your money like ICO, trading. Anyway you should know the risk you are taking because the crypto world is a very risky place where your money can vanish in second into nowhere. Take your time and do research before punting your money anywhere.
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