as you have said that ... the whole idea of cryptocurrency is anonymous peer-to-peer trading without government intervention, so the intent of the idea is contrary to personal identity (KYC), but the reality is (KYC) can help reduce fraud (multi -account). and the most annoying when I have completed (KYC) to claim the project token but not paid.
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I agree with your point above that right now we are talking about facts. most project investors and project promoters (prize hunters) prefer exchanges, where the project token is already listed on the exchange after the project is completed. so don't get bored or wait too long to trade their tokens, if the tokens already have their own exchanges.
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all know that bitcoin is one of the biggest cryptoqurrency in this market and bitcoin has always dominated the crypto market, even from then until now none of the altcoins can dominate the market or rival bitcoin. so I think if the Libra project is present in the crypto industry, it will not reduce the dominance of bitcoin at all.
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cryptoqurrency related to risk, be it investment, trade, or other things that cover about crypto are always at risk. it's just that if you have knowledge that is rarely possessed by others in this field, always be careful before making a decision and avoid if you find a suspicious project. at least it can reduce your money loss.
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the emergence of blokchain technology has caught the public's attention especially when bitcoin ever reached its highest price in 2017 at that time and I regret not knowing it in the past. yes maybe it can be said that crypto is part of my life, because I personally do not have a real job and only rely on this job. to be honest, cryptoqurrency has changed my life better than before.
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I think many of the problems that have occurred in this market include project failures, weak market situations, project fraud, project products not functioning properly and much more about market issues. but I am sure that the market situation will not always be at the bottom, all will be beautiful in time. we are all really being tested here including how to survive when the market is bad.
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Well, I think the inability to differentiate a legit project from a scam project. That is one of the reason why many people got scammed on the internet. Another thing is the trust on the circle of friend. When one friend suggested something to invest in, we often times go for it without even doing any research due to the trust that it is advised or suggested by a friend and believe that it is all good.
I completely agree with your point and conclude that investment does not depend on the investment of random people or I mean it does not matter but on condition not to fully trust them, do further research from every suggestion they say.
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I always corner every team and project developer through a number of questions, just like those who fool us especially with the sweet promise .. and conversely as investors we must know how to avoid or make them look like fools. with some important questions that are difficult for them to answer, it's one of the criteria for a garbage project.
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actually it's simple, depending on what altcoin you hold. if altcoin that you have currently has no further development my advice you need to sell immediately or replace it with altcoin which is better than that. patience is a normal human attitude. but you also need to think ahead and don't rely on patience or stick with altcoin that is difficult to develop.
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to be honest if I want to start trading using an application for cellular phones I personally doubt it, except if the application has an official company certificate and many traders take part in it, maybe I will reconsider. I prefer trading on exchanges especially binance, they have good features even a beginner can easily use binance for trading.
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I know that this project is a fraud. because I was a little suspicious when the team decided to buy tokens on their website and planned a good strategy for project development. when I ask the group admin and I still remember if the admin said that @Tim MiracleTele will continue the project in Q3 in December this year. that's just bullshit! I was kicked out of the telegram group and they were gone in waves.
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bitcoin and blockchain are complicated topics? as we know that the crypto market is very volatile and the risk is always there. this is a real challenge. I mean, you have to be able to handle the challenges of crypto, if you can't master the market situation, you won't get good results. from this challenge you need to have a good strategy to avoid the risk.
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in general the best time to invest is when prices are cheap, everyone knows about this. related to BNB I think altcoin is very feasible for investment in the long run, they have their own platform, a strong community, a professional team and many users have invested in BNB as well.
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no one knows for sure about the fate of altcoin or other cryptoqurency in the next year and the following year again, this is just about speculation, where you have a good strategy maybe you will find a good way too. the point is that no one will know about the future, the skills that will determine your destiny in this market.
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my opinion about BNB is altcoin which has great potential in the future, currently many are investing with altcoin BNB considering they have their own exchanges and many users are investing with them, it is highly recommended for you to take part by investing in BNB.
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it's very good if you are not too worried about the crypto market, but you need to know that holding altcoin is also risky especially if altcoin is not the top altcoin. the market is currently still weak, so to minimize losses I think you need to exchange it for the highest altcoin and while waiting for the market to stabilize as before.
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what I feel is that in 2019 the ICO project fraud was more dominant, that for most of 2018-2019 many projects emerged but did not produce sweet results. most ICO projects end in fraud. now investors have lost confidence because of that, our only way is to wait for the market to stabilize significantly, so that investors return to the crypto space and invest in real projects again.
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I will take a small sample, if the government can eradicate project fraud in this market, of course I would strongly agree if you want to involve the government. but unfortunately that is not possible, so the government cannot regulate this market. and now we are seeing market correction, after the price of bitcoin has jumped in the last 2 years and now the market is the opposite. but according to the analysis of crypto 2020 is a glorious year like 2017. And hopefully that will really happen
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I agree with your statement, prize hunters must be exempt from the KYC requirements because they receive free tokens from bounty campaigns, different from investors because they buy project coins. this needs to be reconsidered for prize hunters before doing KYC on any project.
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