i use one, to store tokens which i hardly use or which i intend to keep for long term. those which i mean to trade etc. i keep on exchanges or in other quick-to-reach places...
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this is because in any decentralised mkt, new teams always have the right to jump in the game and compete with existing players...i guess what we need is some way to judge each token more conclusively for what they are -> useful tech/middling token/scam.
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buying from top losers doesn't always work, there's been tokens that's been on permanent downward spirals...best to find out the circumstances involving each coin
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the uncertainties regarding any new asset class is huge. and bitcoin/crypto is one of the newer asset classes to hit our financial history in recent times... hopefully, as more ppl own/use it, its value will stabilise, just like gold did...
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no one really knows for sure, the uncertainties regarding any new asset class is huge. we can only hope that blockchain gets more mainstream integration and traction...and find its own intrinsic value
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wun give u a recommendation directly. best to do your homework before putting ur money in. the following are some criteria u can consider
Hype: twitter users reddit posts telegram members discord members responsiveness/truthfulness of moderators in these channels Fundamentals: Availability of MVP Team strength (number of experts in the field; linkedin profiles) Whitepaper originality/technicality/clarity Independent reviews Partnerships with corporates/academia Use-case strength Clarity of roadmap
Others: Existing Competition (other coins in the same space? how established are they) Regulation Risk (does it have security characteristics?) Hardcap (is it asking for too much money for its use case?) Share of tokens distributed (are the founders/team keeping too much for themselves, escrow?)
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read, read and read. understand what's going on ard the world, how crypto interacts with various industries and economic developments, and decide for oneself whether certain projects have the potential to excel or are just headed for the bottom
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erm...despite the encouragement, i wld like to highlight that crypto is a very young asset class, volatility is crazy and that ppl shd not invest with more monies than they can afford to part with.+
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crypto has too short a history for us all to tell...it will depend on what role crypto/blockchain plays in people's lives going forward...and how govts ard the world react to the use of crypto as payment systems
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to consistently make profits from trading, u have to develop the requisite set of skills. not everyone can make $ from trading, if going ahead, best to start with small amounts first.
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i've learnt not to speculate too much abt crypto trends. the volatility is just way too crazy. dun play with money u cant bear to lose.
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too many altcoins on the market. new projects are coming out like donuts in a bakery. best to do your homework before putting ur money in.
Hype: twitter users reddit posts telegram members discord members responsiveness/truthfulness of moderators in these channels Fundamentals: Availability of MVP Team strength (number of experts in the field; linkedin profiles) Whitepaper originality/technicality/clarity Independent reviews Partnerships with corporates/academia Use-case strength Clarity of roadmap
Others: Existing Competition (other coins in the same space? how established are they) Regulation Risk (does it have security characteristics?) Hardcap (is it asking for too much money for its use case?) Share of tokens distributed (are the founders/team keeping too much for themselves, escrow?)
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1) i'm interested in crypto for its potential to change our society and economy. 2) used to be a few hundred a month, now almost nil 3) nope, too tedious dealing with hunters. 4) u need to be carefully in selecting bounties u're joining in the first place.
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i'm also concerned abt the large volumes of ripple on the market and help by ripple co. further, we're not too sure exactly how banks are using ripple - whether it's in a way that actually gives ripple tokens value, or whether they r just using ripple tech.
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not too sure, but i think there's a lot of market manipulation in the crypto world. also, because liquidity is scarce, price changes are very rapid and large.
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if u are looking for overnight riches, best to stay out of crypto, or only put a few hundred bucks for fun... risk comes both ways, portfolio values can tumble more than 50% in a week in some cases...
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i use bountyhive and bounty0x, but have been stopping bounties for a while, as it's not worth the effort under the current market conditions...
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it is stabilising now, whether the entire market picks up will depend on adoption by real world use cases...that's anyone's guess for now...
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depends on which aspects, there's no regulation against crypto per se, but there's clear guidelines and rules to mitigate the illegal use of crypto in aspects such as money laundering...
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in any new asset class, the potential and pitfalls both abound. never invest/speculate with more money than u can comfortably afford to lose...
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