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My personal idea on this is, the market is coming down due to panic selling. Now the market is full with newbies who just joint due to the quick rise of BTC. It is good to increase the number of traders, but the issue here is that they do not have basic concepts of trading where initial community had.
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ICO was a really profitable way of investing a year ago, but now people use that popularity and the trust built in the community for scamming. Recently I saw a lot of ICO are just for collecting money and give away some tokens which does not have any potential. Yet only a few number of real ICOs are there, but you should be very careful picking them up.
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It is not just crypto related areas where a lot of Indians are involved. If you look at freelancing sites, the majority are from India. As India is a very big country with huge population, it might be hard to find regular jobs hence they tend to do online work which is a good way and gives a good return.
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To be honest, I do not read whitepapers of all the project I take part because it is not easy to read them all and understand the content. If I tend to invest of a project, then I take some time to go through their documents. Some project release a brief version of whitepaper know as lightpaper which is easier to read.
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I have seen that there is a immediate down trend just after tokens are listed in an exchange. This may be due to quick selling of tokens buy people who get the tokens from airdrops or bounties. People make this an opportunity to increase their total number of tokens buy selling immediately and buy at lower price.
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Cryptocurrency is a high risk investment from the beginning. Participating in an ICO brings higher risk than buying in an exchange as you do not know what will happen when the token is released. Private sales is even higher risky business as they impose some rules that you cannot trade them until few months after token release.
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I have faced the same problem as some of bounty programs I participated ended up being scams. The time we spent on them just becomes a waste. When I compare the bounties which were successful and which were scams, they do not show much difference, some scam projects even looks promising than real ones during ICO period.
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There are a lot of new comers for the bounty programs and most of them start with facebook and twitter. I have no obligation new comers coming to field, but bounty managers should have a mechanism to limit the number of participants according to their requirements, otherwise nobody gets a reward for what they do.
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It seems everything is going smoothly and the project is within its timeline. Personally I am happy being part of it. I am really interested knowing whether you have selected a exchange and expected date to list the tokens.
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I have been doing bounty for few months now. During that period, I have come across good ones and bad ones. As an example, I received tokens from a particular bounty and the value was below 50$. It is very hard to identify them until the end. But you can get an idea based on the project, team, structure, popularity etc.
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Personally I have been doing bounty for few months now. At the beginning I started with airdrops and kept track of airdrops which I did. Later I realized that the amount we get from airdrop is not worthy, because most of them were scams and some of them pay tokens worth below 5$.
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I have seen most of crypto projects use all of them, Facebook, twitter, reddit, steemit, medium, linkedin, instagram. Among all of them, I vote for Bitcointalk and reddit. Bitcointalk has an audience related to crypto and reddit has some disciplinary behavior
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Each one will have their own way of finding coins. I use coinmarketcap to get high level idea. There are other site who rate and benchmark coins. Subscribed to some TG channels and I receive information from them too. But be careful, these information might bias to some coins, so do not depend on a single source of information
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The thread has started few month back and we can check the predictions done has come true or not now. As at today, my opinion is, BTC ans ETH will have huge resistance to rise again. The main reason is the community is over crowded with people who do have the fundamentals of crypto and their panic selling.
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Your point is correct to some extend as I feel. Some people are doing bounty hunting to make living, so they need the tokens in their hand as cash as soon as possible. As I think, now this has become a kind trend. When I talked with some friends who do not have to make quick money to make living, they said, they know that the price will go down just after coin release. What they do is, sell quickly and buy again at lower rate to increase the number of tokens they have.
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This is how I do it, this might help you or sometimes will not suit your requirements. I have allocated a time slot for bounties as I am not doing it full time. I use google spreadsheet to tell me what to each day and to track all my work. Links of each bounty campaigns are entered as hyperlinks so that I do not need to save links separately.
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Good to make the people aware of these scammers. The new scammers are smart and if you are not careful, you might fall into their traps. If you ask something is a group and suddenly someone PM you saying he is from that group, he may be a scammer. I have experience this kind of things.
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