Everyone is looking for quick return on investment and it has made people to invest in bitcoin with the mindset of making quick profit in the short run.
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Some projects are utter rubbish and as such there is no amount of bounty that will help it to attract investors. There are a number of ICO that never organised bounty but they ended up being successful.
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I'm partly surprised because while the market is down, I expected Ethereum to show a little resistance but it has not been the case rather it has been on a free fall.
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Airdrops add little to nothing in the success of ICOs, but Bounties help ICOs to get enough exposure and attract investors.
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Sometimes the problem is from the bounty moderators out of their lackluster and some projects that end up being scam with no intention of paying bounty hunters.
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I don't see the likelihood of cryptocurrency replacing banks, I believe they will both coexist alongside each other. Think of the many technicalities involved in cryptocurrency, it's not everyone that is savvy enough so many people will just prefer to transact with banks.
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It's a tough decision considering the direction the crypto market has been heading towards, no one really knows what will happen come 30th of September but we just be hopeful.
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It's true that bitcoin offers better security than fiat notes. Transactions are more secure, transparent although not faster but hopefully in the coming years, transactions will become more faster.
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I want to attribute the bad market due to a large percentage of the crypto capitalisation being liquidated either in Tether or USD.
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I believe there are a number of things, individuals and what not influencing or controlling the crypto market. One thing I have come to understand is that in this world, a lot of conspiracies are going on.
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Negative news in the media about bitcoin will have far effect on the price than a positive news. People tend to react most to negative news than positive news. But in general both good and bad news affect bitcoin in one way or another.
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The crypto market has been a rollercoaster for some time, today it's gaining the next day it has lost its previous day's gain. I hope we start seeing some balance in the coming months.
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Well...only you can choose what to do with them. Initially when the market started going down I decided not to sell my coins and hold but so far I have lost so much since that time and I wish if I had known I would have sold them when I was still in some profit or for a small loads than now.
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We should try as much as possible to verify and authentic everyessage we see or read. Easily jumping ship will make susceptible to being scammed, treat every strange person as a potential scammer, that way you will be very careful.
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My biggest mistake is finding out about crypto when I did, I wish I had known about it say 5 years ago.
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Depending on how I feel about the project, if I see it as a token worth holding I will hold it or I will sell it. But right now that the market is down what I have been doing is mostly holding.
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I can vouch for Amazix, so far all the bounties they have moderated I never had a problem in any of them. They have a group of knowledgeable and we'll mannered community of managers.
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Bad news actually sell more than good news, so each time there is bad news the media try to capitalise on it and make themselves relevant. It's no different when it has to do with Bitcoin.
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I was a victim of airdrop scam, I didn't know until I started seeing transactions from my wallet. It taught me a huge lesson, these days I don't take part in airdrops because the risk is more than the benefit.
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This is assumably one the best strategies out there, no need looking at charts unending. Thanks for sharing this information.
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