I think new exchanges need to be scrutinized well before joining them in their IEO. Most new exchanges don't care for investors. They just collect money from devs and then run shady token sales and list their shitty coins on their exchange. A good example is Bluenote that had its IEO on Dobitrade or was it Dobiexchange? The ceo has exit scammed over a year ago now
This theft of cryptocurrency needs to be addressed quickly and more security should be put in place to curb further breaches and thefts of investor's assets. If this is done, we will record lower crimes in criminal
I cannot blame people who fall for scams. Most just want a way to invest money and reap profits from their investment. It is too bad that wicked people use this medium to take advantage of them and rob them of their money
All I can see from the OP is frustration. I understand the way they feel. It is not easy to trade crypto or even be an investor especially after the surge in 2017. But it is not over yet. Crypto is going to bounce back stronger only that some shitty altcoins need to die first for quality projects to come up
Altcoins are just there for the risk-takers now. No investor wants to lose money so they boycott altcoins and focus more on the major assets like bitcoin and ethereum. Maybe new alts will be considered in future if they stay true to their project developments
Not surprising though. The government understands and fears the power of finance going into the hands of its citizens. They seek to wield and solely maintain control of money by force. Too bad, they are only making crypto more popular and nothing they can do to stop it
Are there any specific benefits for using crypto to pay rent as against using cash? What safeguards are in place to protect you or your clients from the inevitable volatility being experienced in the market?
In 2019 when the price of BTC went up to 13k USD, many altcoins never made it beyond doing 50% - 120% pump. So I don't think it will make much difference in price if BTC goes beyond that in 2020 but I agree that the low volume will not matter if the price increases as no one to sell to
I do not understand why a project will not be user-friendly. I finished high school almost 2 decades ago. Why should I be subjected to working out mathematical formulas before I can use a crypto wallet? This is why I stuck to ETH and ran away from EOS
I will not be surprised because there is an obvious reason why this project died - No demand for the mined coins. If everyone walks (mines), who will buy the coins? What other uses can the coin be utilized for? Since there is nothing of note, the volume on exchange will slowly die out and less people will use the app. Death of the project comes next.
Altcoins have lost value because most of the promises these projects made have been left unfulfilled. A lot of promising projects have exit-scam or abandoned their project and ensured it lost volume totally on the exchanges.