More than half of the 2020 crypto conferences were either canceled or postponed due to the COVID-19 outbreak, while mining manufacturers had to stop the equipment production in China, how good is this for crypto?
These are desperate times and certain measures needs to be taken to ensure life is protected at all costs, in respect to that I believe the participants who are meant to be in that conference will understand, I even see it that they will be happy. For manufacturers, it will be a hard time but the best option had to be taken; therefore in general it affected crypto badly because there was a huge dump in the market. But recently things are returning gradually both in the crypto space and in certain countries who are relaxing their lockdown, thus crypto is regaining its healthy state once again. |
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Actually this is how most projects all started from, drop good lines why their project is the best and so on, but once they list on exchange and get the funds they need, the true and sad story behind a good number of them unfolds. Nevertheless, am not saying your idea or project isn't a good one, it sure is because usage of crypto in daily life activities is a good one, but it will be more better you drop proofs of the stores where this cryptocurrency has been used in purchasing of goods and services.
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Is your use case already developed? Because even with free listing on DEX you can still not get investors, it is as easy as at that. Another point you and your team have to take into account is that, if there is no anticipation or plans of listing again on a good exchange after the free Dex listing then the platform is likely not to see a better growth. Lastly, there is not enough information to know about this project on coingecko, the team should do something about it.
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I want to do some research. But I don't know where I can get start info.
Do someone know how to find a lot of tokens (names of projects / websites) that are based on exact blockchain (EOS, Tron, LISK for example).
Thank you!!!
You can visit coinmarketcap, and use the search engine to search for your desired coins and tokens, select the coin and on that coin's page, you will see the information you need such as the website, announcement, chat or the telegram group, the explorer and many more. Going down the page, you will see a brief summary of the coin in question in addition to the current price, All Time High, All Time Low, supply and so on. Coinmarketcap: https://coinmarketcap.com |
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I think when something or better still when a warning is made more than once then there is highly a truth in it. For a long time now I have known about this issue and since then have taken caution. I have no business with any browser extension whatsoever and good a thing, most wallets now can be accessed or created via mobile apps.
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If you have a cryptocurrency, but you cannot sell it, because this cryptocurrency blocked deposits on all listed exchanges ( detail the withdrawals are enabled )
the reason for the deposit block is a request from the cryptocurrency project team itself, for "investor safety" reasons. but the blockchain has not been stopped and the transfer from wallet to wallet is normally working!
this is cause for suspicion of the right project?
I'm here asking, because I don't want to see meaningless answers from the project team, they don't know how to answer that question.
if anyone here is curious to know what project it is, it is NRG
Most of the times, deposit block on a particular project means a platform upgrade is going on or there is security challenges and If I understand clearly I think the team have every right to direct the exchange on what to do and on what they want since it is for the project's good. I don't know much about this project, but if you have seen recent developments then it could mean an upgrade is going on or better still construct your questions and ask the team, I believe they will answer. |
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Well, Ethereum is the best altcoin till date and hence has all it takes to reach that price and even more but as it stands in the crypto space, it is hard or there is no way to accurately predict the future price of coins hence we can only but hope things work accordingly. However, with reference to the growth in recently we might be seeing a bullish trend in its price.
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Seek for more crypto knowledge before investing in new projects, it's not always that easy to choose, as a newbie it's better to stick with old top altcoins on coinmarketcap, why? Because many newbie are in rush to make fast returns, if you are this type pls go for better top coins, 90% of new coins aren't serious at all, they are here to steal money from investors and give fake promises in return
Newbies are safer with top altcoins until they start learning how to choose wisely, do better diggings on new project to avoid scams
Cov-19 have been used to scam many newbies and even Corona virus coins are built too which have no real use cases
Play safe and be willing to learn
In as much as I agree with you that newbies are better off with top altcoins I wish to say this does not only apply to newbies but also to a certain number of other people. Most altcoins are not serious and that's it, reason why you see people still having the mindset that only Bitcoin or probably ETH, or maybe top 50 are worth holding. But since the matter is about newbies, then yes, they need to stay with top altcoins most especially when they have no trusted person to teach and direct them. I also came across the Corona virus coin and wasn't surprised when I heard one of them exited scam, hence another reason for newbies to be careful of most new projects. |
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What do you think are the advantages of doing an IEO vs simply listing a token in a exchange?
Project Team only do IEO because of funds, sometimes they might have funds from private investors then doing IEO again to collect more so as to be able to finish their development; that is to say, IEO forms a palatable ground where team can source for funds, after the IEO comes listing. On the other hand, simply listing on an exchange can come in different ways, it could be through IEO, or a project already on an exchange seeking to list on another exchange. Also, listing can happen when a team already have access to funds, therefore not seeing the need for IEO, in this case, they list on their desired exchange. |
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What about those projects which got listed then trade a few days and the price becomes worthless with the team doing nothing to assure the community all will be well, or continuing their development to attract more users, in this case who is to blame? I have seen a project which raised a good amount of money got listed on exchange, couldn't trade up to a month and the price went really down, after a while the team layed off their staffs with the reason that, there is no more money; what happened to the money generated? These are cases we meet every now and then, thus when people make certain decisions about their crypto investments in most projects, they are not to be blamed.
On the other hand, if one comes across a good project doing all it can to grow, their community will know and support them, there are also many projects like that today.
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I agree with you, anyone who isn't ready for one or two losses should not go into trading, most times the market will go against what was analysed maybe because of news etc which might result in losses, the best thing to do in this case is exit and take a break instead of looking for what to blame, as that won't solve anything. Lastly, technical analysis also matters a lot and shouldn't be ignored or taken for granted, in addition, trade with what you can afford.
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I do not totally agree with you, when the pandemic was declared it had its effect on the crypto space because countries started going into lockdown and with this lead to most people selling out of fear and that caused more panic and anxiety. Nevertheless, as the world is looking for a cure most people have adjusted to the nature of things (coupled with halving) hence the reason why the crypto market isn't bad like other markets. The thing to understand is, news, human dealings etc affects the crypto market which either leads to uptrend or downtrend, and Covid-19 isn't an exemption.
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The price is terrible on coinmarketcap and shows a non-serious project. Come to think of it, since 2018 till now is enough time to have good data on coinmarketcap, don't you think? As for my honest opinion, I don't think the project team are serious at all, a project whose team is serious should know that coinmarketcap is the first place potential users will visit to checkout the project, and if since 2018 till now they are not doing anything about updating their data, then something is wrong. Hence, forget about it.
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What is the best coin in 2020 for long term buy? I'm going to invest in a best coin for long term please suggest me?
New altcoins goes with a lot of expectations and only few always stick to their goals and the problem would now be, finding the few that will do. If you are considering long term in which you won't be bothered by anything, then Bitcoin is the right one. Now in terms of best altcoins, Ethereum, Stellar and probably BNB are the right ones also. |
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The next altcoin? The problem is, many people are now skeptical about holding most altcoins for long term because the team in most new projects only cares about their own gains and that is the reason why most altcoins finds it difficult having a good price once the hype reduces or once IEO is over and the dump has been made. For short term, yes people can try it out for profit but for long term only a very few can do so.
Lastly, from your list, I think Olportal has a chance because the team looks serious with their developments.
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Straight to the point, the good and simple difference between the two coins is that one is decentralized and the other is centralized. Now, Bitcoin as the most decentralized blockchain offers a high degree of trust, thus on that note, Ethereum being decentralized as well offers a good level of trust also. BNB which is centralized lacks this good feature, hence making Ethereum better and more trusted than it. But difference aside, both are good for long term investment.
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In this difficult and challenging time is when people will lose their money to scammers, this is really bad and hurtful. On a more serious note, EOS needs to have their own wallet built by the team which users can easily use and be at peace, all these third-party wallets, some are not easily understandable while some are fraudulent, a good example is this one. Having a platform's wallet, solves these issues.
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No where in the world is currently safe from Cov-19 and there is lockdown in every country today, this is the best time to gain people's trust, online job seeking have increased through Google search and new people are getting into crypto investment, what is the best time to release your project if it's not now?
The chances of launching a project and it will be successful now that every country is on lockdown with workers, etc struggling might be slim. Yes it is true that most people will be in need of money thus looking for a way out or an alternative in which most might get involved with crypto also it is good to know that even though most people will need money they might not want to risk the little they have on the crypto space knowing fully well of how volatile it is. All I can say is, launching a new project in this time will depend on the type of team as well as the use case. |
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Since beginning of Cryptocurrency We and other our senior fellows experienced all type of Market behaviors. Where people learnt a lot, some learn by lost their asset and a few was survived by done wise decisions and make reasonable profit. But during this journey it was a tough to handle during dead market, where you are not in a position weather you hold coins or shows bravery by selling them. But this is confirm patience always pay back. Here is i suggest a few tips to avoid any regret latter. Here is various types of investments like a few peoples are looking for Long term investment, and other are interested for shorter term. But in all scenario basic concept are remain same. I am mentioning A few basic points in following list: Project ProductThis is the key point of any business, If any project have a great idea this will cover many flaws but if your business product will be ordinary than it will be very tough to make a successful business. So when you hunt a project for investment you should concern about it.Project TeamAfter product importance for a business the second important point is team of the platform, which can do anything with their hard working and capability the have. As per the suggestion i recommend you to be informed about TEAM before you select any coin for invest.Previous HistorySpecially in trading market we are knew about how important is trading history chart, Which is our basic tool for estimating where is coin and wha was its milestone . Finally after considering above stated both points you could not skip trading chart studing before selection of coin which you desired to add your portfolio .I think if you will consider my suggestion which i break in three points and then you decide your next move, I can assure you this will not lead you to a dead end, But if you will be patient and trust your decision you will not Regret ever. Finally i am requesting to my seniors or any single one point out or add point for make its more fool proof plan for any investor in the WORLD. This is adequately arranged such that even a newbie can get a good standing on investing on any project. I agree with you, the first thing that matters is the idea within the project or the project product, how unique, good and workable the product is will determine how far the project will go, it also exposes how experienced the team is. Another thing I want to add is the type of engagement that goes on within the community, it matters as well because it shows if the community is supportive or not. |
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Do not be fooled, Cov-19 doesn't disturb new project from launching, few new projects are using Cov-19 to make excuse, good quality projects don't see any reason to hold because of the pandemic, any project that do this should be considered as Controlled by weak team
Actually it might be true and workable, at the same time might not be true. From one side, this pandemic is not helping things at all as almost every business, organization etc is feeling the hit, and thus most people aren't making money because of lockdown but spending the ones they have. On another side, most people might be looking for another way to make money and thus might see it as an opportunity to do so. All in all, it depends on the project and how solid their idea is. |
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