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I tell you straight up what motivates me to hodl. It is chiefly because I'm in loss on a particular coin and since the loss is not really actualized until I sell, I'm forced to hodl. This is the case for most people in the crypto world
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I believe in Monero Elf, NEO, UTK, and Steem and I know they will return to their ATHs. These are solid projects with known use cases. They have solid teams behind them and huge communities. I believe they will all come back
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This is a great news and victory for crypto especially at time when investors moral is at an all time low. Australia is a crypto friendly country, it get if this has a ripple effect and other countries follow suit as well. |
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It's tough to tell a scam ICO from face value, this is because scams can get well packaged and make it hard to detect. Still, there are ways to detect scams. The wordings on the website will be full of errors and too basic for a technical project, that's one way they give themselves away. Also, if they tell you the value the tokens will at the exchange and name exchanges they will list on even before the ICO, that's a huge scam right there. Run as fast as you can with your hard earned money!!
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This current bearish has me lose some money and it has taught me valuable lessons;
1. Market Correction: I have learnt that a bullish market will not always continue, the market will always find a way to correct itself which is an introduction of the bearish market condition. So thinking the market will continue to be bullish is foolhardy
2. Take Profits often: I have learnt this bearish market to always take profits in the bullish market condition. Hodling should be done strategically. Losing all the gains made during a bullish run in the name of hodling is foolhardy. You can sell the coins in the bullish market and wait to buy the dip.
3. Crypto uncertainties: In the world of crypto anything can happen, nothing is certain.
Lastly, it has taught me patience, which is a valuable virtue in a bearish market situation when sizable losses have been experienced and the crypto world in general.
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As a bounty hunter, it is really very frustrating, when a bounty participant does not receive anything for his or her hard work. It is the cruelest thing that, ever could happen to a bounty hunter. It will demotivate the person.
But why are we not receiving tokens anymore? What is the main reason behind it?
If did not receive tokens from a bounty, it's either there is a delay in the distribution of the tokens from the project team or bounty manager, which in this would have been communicated on their various channels including the bounty thread OR it's just a scam project that had no real intentions of advancing the course of the project. |
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A lot of reasons why you should continue investing. The market is still at it's infant stage and you can say you're one of the early adopters for most of these techs we have in the blockchain space now. The important thing to do is to invest in coins will use case
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It's currently listed on about three markets/exchanges. It's looking interesting. I'll try and invest a few dollars, not more then $300 for a start after doing my own research. Here's hoping it becomes profitable.
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This might not sound nice, but a lot of altcoins will not survive this crash. A lot of them will die, prices will get to their par value and most of them will get delisted by the exchanges trading them. This is because they were scam projects from the on set and had no real value
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The crypto space is replete with so many ICO review sites. So I'll ask, what are your criteria for listing an ICO on your site? Do you have any mechanisms in place to ascertain whether scam projects or not? This will determine how far you'll go, because as a review platform, some people will end up relying on your analysis (even though not encouraged).
You're absolutely right, selection and listing criteria is key, because listing scam projects and impact negatively on their reputation especially for noobs who hardly have a mind of their own in cryptos. |
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Except for a noob, current market conditions are not entirely strange. When you have a bullish market condition for sometime, expect to have a corresponding market correction to follow suit. If however, the market goes below levels, say for example BTC goes below $4k, then there's cause to be worried.
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In my own observation on these past few months,if the bitcoin price in the market goes down,all other coins are also down. Other coins will remain,if bitcoin's totally died?
Any opinion please!...
First things first. You need to understand the fact that there's a technology backing bitcoin, the same applies to every other good altcoin project out there. The technologies have real life application, reason we call it use case. The death of bitcoin would imply the death of the blockchain tech, which is almost impossible |
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It's safe to use myetherwallet so long as you apply basic online safety principles. What's however not safe is you imputing your private keys on phishing sites, thus compromising your safety. Always bookmark MyEtherWallet.com on your browser. Use metamask to log in to your account, at least it's been working for me without any issues.
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Quite ambitious prices you put out there. But the market doesn't work that way. There's no given when the current market situation will end, there are guarantees that even an ETF application being granted can turn the market around. Hodlers bother much about the state of the market, they always wish the market stays bullish which is not possible because we're not in a perfect system. Traders on the other hand make money everyday, whether in a bear or bullish market.
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Hi admin, you requested a proof for the change of Sylvial to Lighthouze on content bounty. This is it. Kindly do the needful.
Number on spreadsheet: 116
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It's not a problem, more exchanges mean more options to trade, as long as you know the risk, certainly we have to check and read some reviews about those exchanges. If there are many people trade so well in those exchanges, then it's good enough.
Besides, more exchanges bring positive competition which may reduce fees as people tend to choose exchanges with lower fees rather than one big exchange dominate the market.
You're absolutely right, more exchanges implies more option to available to trade. If one exchange doesn't have the features you expect, you simply move your assets to another exchange with what you want. Moreso, exchanges will always remain profitable even in a bearish market condition, fees will always be paid when the trader incurs losses. More exchanges implies there's more competition and no control of the market by a single or few exchanges. Coinex has been making waves for some time now because they claim to be in competition with Binance, and as such they dole out freebies upon freebies to gain more users. Recently they introduced the stoploss feature which the big exchanges do have as an edge over other. They also have lower fees. This is what the space needs, healthy competition. |
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I keep reading some really desperate people on a forum (other than this one) and they seem sure that crypto is dead, because it is scam etc.
Crpyto is not dead. Don't be stupid. HODL.
Crypto isn't dead and can never be dead because there is a technology behind each coin and this is what drives the acceptability of these coins. I can tell what can die, shitcoins and scam coins without any value and tech, those ones will die no matter how long it takes for their demise to happen. |
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Crypthomie, a Reddit user identifying as a 32-year-old male living in Abu Dhabi, recently posted a photo of his repayment schedule pertaining to a six-figure loan that he took out on the 18th of December, 2017.
The Redditor borrowed 338,000 dirhams (roughly $126,500 USD), with a total outstanding amount of 393,296.80 dirhams ($147,200 USD) including interest from Emirates Islamic Bank. The document outlines a repayment schedule of 8194 dirhams ($3067 USD) monthly until December 14, 2021.
The investor wrote: “Here is my bank installment related to the loan I took to invest in crypto. Still three-and-a-half years to go until I’m freed. Until then, I’m working for nothing and I’m at 85 per cent loss. I hope it gives you a lesson.”
Okay, I'll say this simply, one of the unwritten yet golden rules in cryptos is "DON'T INVEST MORE THAN YOU'RE WILLING TO LOSE". This implies that taking out a loan to invest is a no no, except of course you're willing to lose it. Again, it begs the question: would you seek a loan to invest if you had the money, and would you be willing to lose a loan? He made a wrong move and I'm sure he's learnt his lessons. |
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I think 99% is grossly exaggerated. That being said a lot of projects are scams without any intentions to continue work on the project after fleecing people of their money from ICO. This is why important to research various ICOs before committing time and resources to them.
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