Kyc isn't ideal for cryptocurrency, it defeats the purpose of decentralisation which it's suppose to be but since it's like this we have no option, especially when trading in some exchanges, kyc has to be carried out. Also if you want to invest in an IEO , you have to submit kyc details else you ignore investing.
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In as much as some school of thought would want to see initial coin offering as same with initial exchange offering, I still believe that one has an edge over another. Initial exchange offering has the edge over ICO this is because before a project is accepted to launch it's IEO it must have have gone through verification, also after the sales it is very easy to get the project listed.
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Indeed,what ever people get on the internet is entirely what they deserve, because they want every thing quickly, they want the result fast, they want to get Rich quick so instead of them to take out time to study what the investment is all about, they feel they Will be wasting a lot of time, and so they invest without research, and at the end they weep. In every space, research is in indeed important.
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It is true that Bitcoin and Altcoins are our treasure and as such we need to keep them safe,other wallets can be used to keep them safe as long as you keep your private keys safe and you avoid phishing links but the safest still remains hardware wallet even though it has it's disavtanges as you listed, everything has advantages and disadvantages. So when we talk about safety for Coins, Hardware wallet comes to my mind.
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Remember that in crypto, there is really no certainty. So to what will be more profitable could really be hard to say, but all things being equal, I would go for initial exchange offering (IEO). With research and proper due diligence ,if you are able to find a very good project , then you will be happy that you participated in the IEO, the profit will be huge.
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For me diversification is key, I basically split my portfolio, sometimes after carefully watching a particular coin, I go into trading with the coin and I get profit but trading should be done with carefulness. Also some of my crypto I leave for Long term investment, it is very safe.
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I think both are profitable depending on which area you find yourself. If you know how to trade daily and got some experience then day trading would be a right choice but if you don't know how to trade, the best thing you can do is buy and hold coins with great future, do some research before starting the hodl game else you get burnt like you would if you go into day trading without the knowledge of day trading.
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There really isn't any need to remove useless altcoins from the market, as useless as it is, it will die a natural death on it's own so no need stressing that out. Also people introducing newbies to the crypto space should endeavour to give them adequate guide as it pertains crypto generally so the don't fall victim of the vices associated in the space.
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Well it is profitable to trade and make some huge increase in the number of coins you have but what if the person doesn't know how to trade? well I think it still goes down to holding, you can never go wrong while holding a project coin that has a working product. So if you don't know how to trade, buy your best coins at downward position and wait for it at the top position, then you sell.
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So many reasons can be attributed to why people get scammed. The first one would be greed, wanting to get so much profit with a little capital, also sometimes like in the crypto space, if you lack the required knowledge, some scammers might take advantage of you, so knowlede of the environment you find yourself is needed. So you know what to do to avoid these scammers
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I don't think the disappointment is from ethereum ,the market is generally bearish and as such most coins went down and also looking at bitcoin dominance it also affected most altcoin, but the good thing about ethereum is it's use case and acceptance, it acceptance will trigger the value in the near future. It is definitely a coin worth holding.
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For some time now, we have seen loads of new coins and we think they do not have any use case but the truth is that if we look in closely, we would find some good projects but I think what these projects need is time to grow not forgetting that the dump really affected the crypto market.
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Newbies should try to read about the blockchain and all surrounding it like the wallet, make sure you do not allow anyone to have access to your wallet's private key,this is because your wallet will be now accessible with your private key. Also we should try to avoid clicking on phishing links which could lead to your wallet.
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Presently nothing excites me. It seem like nothing is moving up, like the volume in coinmarketcap doesn't moves up but one thing I know for sure is that there will be a time when the market is green, so seize this opportunity to buy the crypto you have longed, buy now before the bull market comes.
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I really like your write up, same thing I would also. First of all, for me to invest in an initial exchange offering then it has to be binance exchange, KuCoin exchange, gate.io and okex, at least I have seen their success stories and they don't just list any project, they investigate before listing, also the community is also a plus to watch out for and then the team backing the project. All these amount to the success of an IEO.
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In the crypto space, you can't be certain of anything, but at least you should be able to do your research and trust the result of your research, from your result you would be able to tell if the new project has a working product , the activeness of the community and the team backing the project, these features should give you a green light to investing.
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Like the name implies "kyc" it means know your customer, and if you are participating in an initial exchange offering,you are definitely going to submit your identity details, so it's up to you to participate or not but the rules for IEO remains that kyc has to be carried out.
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I believe you did carry out research or you have a reason why you are holding those coins, first I would say you need just a few good coins to hold so you can follow updates properly, so you know when to sell or even when to buy more ,I think those are too much. Also in your portfolio there should be Bitcoin and Ethereum, I think you should also look at holding hydro, the team is really working.
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Well every investment is a risk taking venture, but I would rather pick my risk carefully, I wouldn't invest in an Initial exchange offering in a new exchange. The essence of IEO is trust for an exchange, so I wouldnt want to invest in an IEO on a new exchange because not much can be said about the exchange since it is new.
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Now remember that in every aspect of business, there is always scammers, those who would want to imitate and deceive people. So what we should do is to get more understanding of what crypto is, with the knowledge of crypto and enough research, one would hardly invest in a scam or copy cat project because you know how the real one should be.
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