The title of the thread is funny. The projects are not lieing parse, because the value of the tokens are not hidden and could be verified. The only issue is that the same value cannot be assessed by bounty hunters after the tokens must have be listed and it could take a long time before such a value could be achieved.
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Christmas is fast approaching and there's so much tension in the society. Several people are struggling to meet up with the demands of family and this is evident in the rate at which expenses are incurred. I personally have been waiting for the prices to turn around, but the market has been unfavourable. Selling my tokens now would be very challenging as I would be selling at a massive loss considering the bearish trend of the market. I only do hope that the market would have a turn around.
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Day trading is actually much more lucrative compared to long term hold. If one is waiting for long term gains in cryptocurrency it could take a much longer time considering the situation of the market presently. The major challenge with day trading is to know the right tokens to trade. Some tokens are better to be traded daily or in short term because of their volatility ratio within a short period of time.
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I had an opinion before now, that the Chinese government does not want anything to do with cryptocurrency or virtual currency. It was on record some time past that the Chinese government banned cryptocurrency exchange which was domicile in the country leaving the citizens to their fate. From all the information, I've deduced from my little experience in this industry, I believe that it's twice as difficult to penetrate the Chinese Market especially with cryptocurrency inspired projects.
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I believe greed is the most prevalent reason for getting scammed both in the cryptocurrency space and the world at large. Most people who scam others presents a better deal to their victims. This serves as a bait to attract the naive and innocent, thinking that the offer will work in their advantage not knowing the opposite is their lot.
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I believe the government has a valid reason for restrictions placed on the project to only accept bitcoin as a means of payment. Bitcoin is a well recognised cryptocurrency and I know some countries accept bitcoin as a legal tender.
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Dogecoin is one of the least volatile cryptocurrency which makes it not suitable for short term investment as the value may not increase substantially within a short period. I personally don't find dogecoin a good source of investment, I'll prefer to invest in Bitcoin or a more popular altcoin like litecoin or ethereum than in dogecoin.
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It's quite laughable that we were once on the train of believing that Bitcoin would be heading to $100,000. I guess that was one of the believe that spearhead the 2017 bull run. Bitcoin is majorly in the hands of few whales who manipulate the market for their own interests. I only do wish that the bull run comes again.
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It's understandable that the market has taken a new switch lately with the bearish trend of several cryptocurrencies. I'm personally not surprised about the turnout of Matic which happened to be a top hit on the dumping of tokens. Binance team suspects bag holders to be responsible for the massive dump and promises to carry out more investigation into the abnormally.
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What can I do with this 9$ worth of Bitcoin Cash to make it grow in a short time? Should I trade cryptocurrencies? How about trading bots?
Congratulations on your first income in the cryptocurrency market. It would be unwise to trade such a small amount of fund considering the cost of withdrawal and deposits on your choice exchange. Its best to grow your capital to a higher sum before venturing into trading.
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I believe that when one is saying all altcoin, they actually mean, majority of the altcoin in the market would end up to be a scam project. From the stand point of a bounty hunter, you'll find out that over 80% of the tokens you earn as a bounty hunter are worthless. This shows the amount of projects that are actually relevant in the cryptocurrency space.
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The list of projects that failed to keep their promise are inexhaustible. I remember participating in a bounty where the tokens promised were not distributed. I actually had a negative feeling about that bounty because of the crazy updates that were made along the line. Its quite painful because the tokens are trading and I really needed that money for my personal supplies.
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The post is very informative, I like the last point which admonished us to be always up to date. This is one of the most salient requirement for maximum benefit in the cryptocurrency space. There's a popular saying that information is power. In this space, one needs to be available to take hold of opportunities. Due to the volatility and flexibility of the space, opportunities does not avail always.
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A good project is one whose team is committed to the achievement of the goals of the project and are consistently developing the project to meet with the technical required standards. Every good project should have a well composed team who are actively working for the promotion of the team and have a social face to relate with the community and give them a feeling of their presence.
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This information is very useful and beneficial especially to the new cryptocurrency enthusiast. Greed is something we all are guilty of. I had my fair share of losses due to greed when I recently joined the industry and got involved in hyip which brought great set back to my finances. I wish I was wiser then, because bitcoin was very easy to earn during those years.
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What led several persons to the cryptocurrency industry was the increasing return on investment. Most of the projects were born in 2017 to take advantage of the market situation. We are expecting a decline in activity simply because of the bearish trend. I vehemently believe that ones we have a bull run we would have another hype in activities.
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