Latest posts of: defunctec

My advice is to not seen advice on any type of forum or trollbox. You will get burned. The majority of people on here have ulterior motives, they are pumping, dumping, or doing something else to benefit them. Trust no one in the cryptocurrency industry unless you meet with them in person. Try attending a local conference. Search on coindesk or another similar resource for conference information and dates.

I think it's sad that what could have the potential to transform funding for legitimate businesses is being abused and used by con-artists. The truth is this is hurting the industry, and it is hurting investors as well. Yes you can make quick cash if you get lucky and you are not burned first but that is not sustainable. Would you not rather invest in the next company that could be the Amazon or Tesla of the cryptoworld?

I like the name... but that's about it. Anyone with any common sense has long abandoned this project after multiple exchanges refused to even list that coin. It's not worth wasting your time even researching this any further.

I'm personally waiting for the next WAVES pump to sell off my waves. It's a nice platform but considering how long they have been on the market I'm not seeing much traction which is sad as I was initially excited by this coin. Maybe, hopefully, I will be proven wrong and a huge ICO will be distributed on this platform.

I'm assuming you meant what are the top 3 ICOs at the moment. The real answer is it does not benefit current coin holders to share what the top ICOs are, as the less coins on the market once the ICO finishes, the higher the value of each coin. It's why all the big ICOs such as Bancor and Tezos have actually returned negative earnings to coinholders.

Honestly with only $500 i would choose trading a coin on a legitimate exchange. The odds are higher than you do well than gambling on an unknown ICO which odds are might not even hit the exchange.

None of those coins are too exciting, UTrust has all of these outlandish claims without letting us know how they will actually achieve any of it. It's really easy to promise the moon. What are these coins actually doing to differentiate themselves and do any of them have more than a whitepaper?

It's so sad that bitcoin which is supposed to be the decentralized wave of the future is so centralized in the hands of a few traders and miners. It's the downfalls of centralization without any of the benefits of regulation.

Unless BTC can get some common sense in the house, and learn how to scale properly, Bitcoin Cash has potential to become a market leader in the next decade.

That is quite the ambitious project to want to become the successor of Ethereum. While I congratulate you on aiming high, instead of making outrageous claims, can you explain exactly how this will be achieved. Why should we believe these claims? Can you show us a demo of your product, if you don't have a demo yet, why are you launching an ICO?

Tezos is getting sued, and it won't be long until class action lawsuits are launched against other fraudulent companies that are raising tens of millions, or sometimes hundreds of millions, with no intention of ever developing a product. Unfortunately, you might need to be in a specific jurisdiction to participate in these class action lawsuits. Also good luck suing companies that are based offshore in dodgy jurisdictions.

Waves is a much more user friendly platform that Ethereum. The problem is people see Ethereum ICOs collecting 50+ million, and then they watch ICOs on Waves struggle to reach 10 million, and they logically decide to go with Ethereum. Until we see a large ICO from an established successful company launch on Waves, it won't get much traction. If anything Waves needs to give an incentive, and possibly added promotion, to a large company to use them as a platform.

I wish myetherwallet was more user friendly so we could finally start seeing mass market adoption. I'm not sure why Vitalik has not prioritized this development more. I think the reference points people have made are solid, I would use the private key to login, and make sure you have it backed up multiple places in case your computer crashes. Most functions can be performed from the "Send and Receive" link.

I agree with the last poster, if you are expecting us to invest our hard earned money you are going to have to place a bit more effort into this. It's like the recent Bee Token that wants to overtake AirBNB but they have no idea how, and no concise plan on how to do this.

At a minimum you should give us your business plan, references on your team, and a timeline of when we can expect the business to launch, and become a market leader.

I think this behavior clearly answers the question of whether or not you should invest in this. With 100s of ICOs to choose from, I would simply move on to something that doesn't smell as fishy. There are a lot of options out there, there is no reason to settle for this type of behavior. Use your common sense, and if it smells like a rat, wiggles its tail like a rat, it probably is a rat.

Most people invested in this because of a big name "Tim Draper" investing in this. I remember visiting the website and thinking that if they can't be bothered to pay $50 for a wordpress theme, that they are not worth investing in. The website looked like a joke. I'm not sure how people poured over 200 million into this con.

They deserve to be sued, and to be honest, most of the investors who threw money into this deserved to get swindled. How do you invest 200 million into a company with no product, no development plan, no business plan, and almost no website?

Honestly most coins that airdrop are junk, but you never know. Unless you have a significant amount of bitcoin or ethereum, to therefore have large airdrops, it's really not worth the headache about worrying about this too much. Simply let it happen, and maybe once a year login to see if any of the coins are worth anything. The ones that look like duds, transfer to an exchange, and sell.

I'm not a fan of any of the Ether wallets as most of them could be much more user friendly. (why is there no login button?) but I think myetherwallet is the best of the lot. Jaxx is pretty horrible in comparison. I would recommend this as your main Ethereum wallet due to the lack of competitive options.

If you rely on the usual sources (bitcointalk, reddit, Google, etc) you will never get ahead. I learn about them from going to conferences, from newsletters, etc. I learned about the new overstock.com ICO a long time ago from word of mouth. With newsletters you can learn about new ICOs before they are announced to the public or at a minimum before they are well known.

You'd have to be completely clueless about the world to invest in this not realizing that it's a ponzi scheme. Greed is getting the best of people, they are trying to invest money, earn returns, and cash out before the whole house comes crumbling down. I'm shocked it hasn't been taken down yet.