The main problem is funds, one the new bounty project failed to raise enough funds on exchange it will become hard for them to pay promoters, the project team can even decide to split bounty pool only if they have it in mind to really pay bounty hunters
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Damn it, I never knew this fork was real, I would have buy some steem before the fork happened and make extra income from it, I still don't know what's wrong with Tron ceo, he already has enough to be worried about, first is Tron and second is Bit torrent, what is he doing?
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It's definitely more than three go on Twitter you will see some more stupid Corona tokens on there, what surprise me is how people are falling for these cheap scam tricks, no wonder we keep getting more and more scammers
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This virus can't be permanent for sure but it will do unspeakable damages if no care is detected sooner, many will be forced to sell their coins to sustain and this will bring more damages
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No offence but we surely have some blind investors in crypto space that don't do research on projects, they dream of making big money and they don't bother to do research, whatever happens is your own fault
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Whales do some dumpings, scam project did some dumping as well but we can't deny the fact that Coronavirus still affects everything in this space, it would have been better if there is no virus
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From my own point of View; Reviving a dead coin mean a whole lot: 1. The need for greater involvement and effort in other to wash the former stains of failure, 2. The Developer having that sense(once dead) will be compelled to or better still be motivated to bring the coin back to limelight. As such the effort of the Developer will be utmost and hence the end will meet a well reformed Coin. NB: Reviving a dead coin is not all waste of time because it is possible and easier since there's already a foundation though not strong enough but restructuring can make it stronger and more Feasible( that is if the project didnt die as a result of fraudulent but poor finance)
It's like looking for an easy way out, every single one that was revived performs very badly, it's not wise to continue and abandoned project, it's not a waste of time if you want to use the old project to expand your knowledge
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We wouldn't have problem with these exchanges if new projects aren't listing on them, honestly the reason why many users are on this exchanges is because of project teams that lists on them
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Coronavirus needs to go or else it will take a very long time before crypto recovers back to its All time High, crypto seem stronger than stock market now so it's a better safe haven
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Many are aware of the dump from plus token and I think that's over by now, no more further dumps and Bitcoin is already on its way up, even Coronavirus is not that affecting crypto anymore, though will be more better if it's gone
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It's better to hold to avoid loses and there is assurance that crypto will recovery from now on and also let's not forget that Bitcoin halving is not that far away anymore, holding is the best choice and I'm not worried about crypto market anymore
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It's happening, market is now recovering I guess bitcoin got tired of Coronavirus panic already lol, it's time to say good bye to the panics I suspect there won't be any unnecessary dumps anymore and moreover Bitcoin halving hype is still out there
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Stable coins are the only safe crypto assets today, all other coins are highly volatile, this is not the first time and it won't be the last either, price increasing and dropping is a must, Bitcoin died thousand time already, get used to it
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1. The market condition isn't in good shape right now, all projects are getting affected 2. Might be that early investors decide to dump since we are in panic state right now in crypto space. 3. Might even be that the team are responsible for this action, it's not a new thing in crypto space
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I remember when binance was hacked years back I had little fund on there but luckily they pay all of us back, that happens once in a blue moon in crypto space and I thank binance for that but still since then I don't leave coins on exchanges anymore, they are safer in your wallet that you owned the private keys
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I expect everyone to see this time as a big opportunity to accumulate better top coins, stock market was crashed intentionally maybe to get hands on them cheaper don't you think? This is not the first time the market will face such downfall, get used to it
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One month into the year we can see that if the trend continues it would create a huge bull run for altcoins. After analyzing my favorite tokens this would be the top 5 for this year.
- NEO: they might officially get the Chinese government on board on the whole blockchain bandwagon and capture most of the Asian market by 2020. China is going all-in to crypto and neo is already the favorite crypto "alt" asset there - ETHEREUM: New Ethereum 2.0 can be a huge deal-breaker. With the Ethereum Enterprise Alliance, numerous strong partners and global corporations stand behind the project - CHAINLINK: In 2020, the topic of getting external data into the blockchain will become even more important. With its Oracle technology, Chainlink can take the leading spot. - NEWSCRYPTO: Just from the fact that they burn 20% tokens for every membership, and their brand recognition and userbase started increasing by huge amounts its a sin to not hold newscrypto coins. - FABRK: the concept idea with the support the project is getting at the end of 2019 shows that the will become one of the mainstream crypto projects by the end of 2020 easy!
What are your thoughts on my picks, and which are yours?
It doesn't look like it anymore, Coronavirus has ruined this year market and for recovery it's going to take months, although NEO is extremely cheap right now and it's a good time to buy but buyers will have to hold for long term
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Many will be happy about this golden opportunity, that's how I see it, those who understands how valuable Bitcoin can be will definitely start buying from dumpers, it's only a matter of time market will surely recover
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No matter what the market will recover, if what is happening right now e.g Coronavirus happened years back it would have done some huge damages but now crypto is more than just a startup technology
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If that happens it's not bad, I will definitely be forced to buy, maybe I will have to borrow some money or sell off my land to buy because that will be a great once in a life time opportunity
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