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For the purpose of just trading, kyc might not be required, just like in Binance and even KuCoin exchange where you can trade without kyc verification though limited to withdrawal amount but once it has to do with IEO then every trusted exchange will impose kyc, so it's up to you to go ahead with IEO or not.
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Well the truth about initial coin offering and initial exchange offering is that they are both the same, after the so much scam of ICOs came IEO to remedy the situation. The edge IEO has over ICO is it's direct listing and some sort of assurance when done in a trusted exchange ,these trusted exchange carry out research on the projects before giving it's consent but on some small exchange it is even worst because the sales are most times not successful there. IEO on Binance, KuCoin, Gate.io , Okex are good and successful.
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You are very right, people should be blamed for their own actions on the internet. Most times, lack of knowledge or ignorance is really the cause of all these happenings, what you don't know is bigger than you, yet without any knowledge you get yourself to invest in what you have no idea about,what were you thinking? Infact I believe the major reason would be Greed, after seeing the reward, you just want to get rich without any research. Whatever is the outcome is what they deserve.
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Well it is Possible that Altcoins could go crazy if bitcoin gets to $20k,in this space the unexpected happens a lot but I think old investors would go more for Bitcoin and perhaps some top altcoin like Ethereum, xrp and so on. Talking about the correlation it could be drawn that this past week that bitcoin rose,many altcoin also showed some upward trend, so it's possible the $20k for Bitcoin could also bring about the Alt Season.
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First of all, we should know that failure is a way to get back stronger and better, if you have ever been involved in a failed project as a hunter or an investor, all you need do is possibly do more research, try finding out what led to your decision in investing in the failed project, then make amends,but don't dwell in your failure, move ahead.
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Generally, investment is a risky game no matter how we look at it,and in this situation we have to choose an option that is less risky, now I would go for buying the token immediately after IEO sales, so I can also benefit when the prices begin to gradually move up but buying during IEO can also be more profitable if the project has very potential.
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Investment in crypto is profitable if only you ate able to detect the right trade, knowing also when to buy and sell. Talking about hodl & calm ,this can only be achieved when you use a spare Money that you would not bother to use,else the way crypto goes, you won't be able to stay calm, so it is always advisable to invest money you don't need urgently,so that when the bull season comes you will be happy, you were hodling.
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I like your strategy,it is one way by which one can increase his or her holdings especially in this bearish market, trading is very profitable but only if you know how to go about trading else you get burnt if you take the wrong positions. In a situation where you know you can't trade, it is better to hold your coin as long as it is a potential coin and wait for it to increase in price then you sell and take profit.
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Generally the prices of every coin is down even Bitcoin and as such ethereum isn't an exemption,once the market starts getting bullish and bitcoin starts taking the upward trend, then ethereum will slow and steadily follow suit. One of the reasons why I think ethereum fell was when investors became sceptical of investing in ICOs due to scam and most of these ICOs were built on Ethereum network. Gradually ethereum will recover.
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Presently the main coin I hold is Bitcoin, this is because I am very sure that no matter the fall in price, it will surely rise up. For Altcoin I think holding ethereum might not be a bad idea, and xrp also. Or you could do some research on the first 20 or 30 altcoins on coinmarketcap that should help a long way.
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It isn't about the ratings, high or low rating could turn out to be scam,most times bounty hunters promote scam project not intentionally, this is because they do not have the patience to carry out research and at the end they also fall victim like investors who didn't do any research. In as much as there is no certainty, some research should be carried out before investing at least this will be helpful to some extent to avoid fraudulent project.
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I could go on and on with so many reasons, but one of them is Laziness, because some people don't want to work but they want to get rich over night and as such they get involved and before you know it, they have been scammed. I think Greed could also be seen as a factor here, aiming for too much, yet you are lazy.
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As risky as a new project could be, but with proper research we should be able to reduce the volume of risk associated with new project, there are some upcoMing project that would produce good product so we shouldn't despise all new project, even though bitcoin dominance is taking over but then some project with Product will survive
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You are right, the best thing to do in a situation that is not favourable is to look for a strategy that suits, or that will be better than the present condition, also one can seize the opportunity to buy the dip but buy coins with potential, as long as we believe in blockchain, the good project will recover only those without use will go into extinction.
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For me, I wouldn't do that, this is because I really see blockchain as the future, so I would decline the offer but there are people looking for an opportunity to get out of the crypto space, all they need is just their capital Which was used for investment,they have waited a very long time
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Well, I think keeping them in a flash drive I mean the private key is cool and safe, also you could save them ofline in a paper. Remember that when using a web wallet, you really need to be mindful of the links you click on, this is to avoid pains in the future. Like everyone would say ,hardware wallet is still the safest
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Decentralized exchanges are cool and also since people value their privacy, decentralized exchanges are preferred because no kyc is involved, you are also in control of your private key, though it has it's own disadvantages, most times new investors or users can hardly understand how to use them unlike the centralized exchanges which is more easier for newbies.
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Investment itself is risky but atleast we need to curtail the amount of risk we absorb and as such buying top 10 coins in the coinmarketcap wouldn't be a bad idea. We need to buy coins with a known use case, backed up by an active team but investing in an IEO project in a renowed exchange is also a welcome idea.
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