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there are chances that even if its bull run, the altcoin where you will invest may go down or may not go much higher. So it totally depends on the altcoins project development and success.
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I think we should have our investment in diversified manner to just be safe in worst conditions. And it is very important for ourselves to stick to some rules for the market, to get most out of it.
If you want you can accumulate more Bitcoin on declines keeping altcoins as is.
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Truly speaking, it will be very long term prediction and so no one can judge the price in 2022 now.
They is because lots of things can happen in between with respect to cryptocurrencies evolution.
For short term around 2020 end I believe eth can hit $1500 if market supported by Bitcoin.
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I think yes. However there will be many opportunities in coming future to buy Bitcoin since it may again come down to some extent.
I think one should accumulate more.
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In the world of cryptocurrencies, we should stick to some rules not to get disappointed later. Sometimes it happens that the decision we have taken is wrong, but while taking decision we must do it carefully by doing possible research and not to feel guilty if something goes wrong.
We have to always remember that the decision taken at that point of time was correct because we trust ourselves to do it.
Its just like we have sold any stock or altcoin and after selling there is a huge price increase.
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For me its holding the current assets for long term and if the project is very solid with consistent developments, with buying opportunities at lower price, we should accumulate more to get best out of it.
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Yes, we need to trust only top exchanges to participate in IEOs.
At the moment, many projects are listing IEOs on exchanges which are newly launched or not much popular or even which are not known. I have also seen the the paged price is set up high and as soon as IEO is finished, the price gets dumped to great extent.
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I always refrain myself to exclude the "download app" campaign. Recently there was news about asking private keys and API keys by that app which then stolen the hard earned crypto from the wallets.
In this everywhere scammer world, we have to be very careful for doing any action.
Thanks for the advise.
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Absolutely agree with you. The allocation for bounty tokens 3% or 5%, no all 100% bounty hunters sell their tokens immediately. And even if its done by all, do the project is that weak and the entire price will get dumped by more than 50% ?
Its a fact that bounty hunters are blamed for price dump for every project. And moreover, I have seen few projects distributing token 2 months after listing or imposing few months lock period on the rewards even they know the real situation.
Nevertheless, keeping everything aside, we should keep the rewards for long term to get real benefits.
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At the moment IEOs are much popular for investment in cryptocurrencies' projects. Whether. It's ICO or IEO, I have seen a single thing in favor of investors.
The discount offered by projects is nothing but kind of bounty to attract more investors showing how much money they have raised.
During the IEOs I have observed many times that instruments "paged" price is much higher than current market price at that moment. As soon as IEO is over, you will see a sharp fall in that instrument.
Untill regulation will not come, exchanges and projects will play their games to make profit for themselves.
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ICOs->
1. Need extensive research.
2. High chances of getting scammed.
3. Lack of transparency on funds raised.
4. No confirmation about exchanges.
5. No guarantee that softcap or hardcap will be achieved.
IEOs->
1. No need of extensive research about legitimacy of project due to involvement of exchanges in the process.(top rated exchanges).
2. Very rare that project will turn out as a scam.
3. Complete transparency on funds raised.
4. The IEO processing exchange gives assurance that coin/token will list at least on the same exchange.
5. Hardcap/softcap is guaranteed when IEO is on top exchanges.
Now a days IAOs, i.e. Initial Auctions Offering is also getting popular in some projects.
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Yes, with IEOs the risk of getting scammed is reduced to a great extent. Along with the project, reputation of top exchanges is also on stake due to running IEOs.
This is actually win win win situation to all. To investors, projects and to exchanges.
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I think these points will help finding good bounties but not all. There are chances that we may not find correct information about team and partners. The cocept will really help to know the project better. If any existing technology is transforming to blockchain technology, some assurance will be there.
However, IEO sales will not help to identify good project because, the actual price will be determined only after complete development which may take more than a year.
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I totally agree with you because now a days bounty rewards are not turning much profitable. After doing lot of tasks for more than four weeks, we see the tokens received are with very less price.
I hope the season will soon come.
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Thanks for sharing this.
I have also observed that some projects do not update the correct status of the funds raised. This seems they manually edit it and so there are highly chances that information could be misleading.
At least due to introduction of IEOs, I think we are in better position to avoid such scenarios.
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