yes it's really hard to detect a bounty that is a scam and for me ill check their ratings or their team.
Most of the time an ICO project that held bounty campaign is a newcomer, they have no rating and their team are not that popular either. it will be a struggle for people who want to finds out the truth behind a project. however there's a good ICO that involves popular people aswell. Even though that doesn't necessarily guarantee the legitimacy of an ICO but atleast that will increase the safety since that popular person will also bet with their popularity aswell. |
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Those exchanges you mentioned are centralized exchange where they store the data within a single server and thus can be stolen. That have absolutely nothing to do with blockchain. Blockchain is immune to hacking but not to 51% attack. However, a coin with big hash power will hardly be attacked.
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What do you mean, like if you used a visa card to pay for something using your own fiat, but the transaction was done through blockchain?
honestly, I don't see any advantage to this.
As it stands, electronic fiat payments are all pretty open, you can easily check and track your money and purchases anytime.
There is no problem at all with people tampering with it and many safety guards in place if someone does an unauthorized transaction.
Using blockchain as it stands now, however, has a lot of drawbacks.
First off, the cost is very high now due to the lack of scalable technology.
There are projects like nano and iota which could work if mass adopted.
Also, confirmation times don't scale either.
blockchain has way better uses than for just simple everyday small purchases.
More like paypal but using blockchain as transaction method, we were just thinking about it, we have to do a bit of research  Thanks for sharing your opinion! Such thing is already invented and that is called stablecoin. USDT, USDC and many more. So, basically this question has been answered. Also to point it out that majority of stablecoin being used only for storing wealth not for any means of transaction except there is some individuals that are willingly to do so. |
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it is true that since last year prices have really dropped dramatically, the current market situation is still not as stable and many tokens or coins are losing their current prices.
It is really common that the market will take a massive dump after massive pump, I have expected this when we hit the latest ATH. The reason most of ICO price went downhill after the exchange listing is simply because they have sold all the hype in ICO phase so there's no one left who intend to buy in the exchange when it got listed instead some average joe that might want to give it a try. |
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Adoption of decentralized exchanges will see an all time high in 2019, cross chain decentralized trading and atomic swaps will start to become the norm  a true decentralized exchange provides many benefits: - No need to give up control of your funds
- Censorship resistant orderbook
- Impossible to hack
- No concerns of fake volume and manipulation
This week Binance CEO CZ recommended people store their crypto on reputable exchanges... but what is reputable? If you do not have your private key, well then can you really call it crypto? What are your thoughts? Will 2019 be the year of DEX? I hope so. There are a lot of dexes based on bitshares (+ waves dex + forkdelta + others) but the convenience and performance of such solutions is very questionable. Plus all of them are full of shitcoins and there are no really legit and reliable DEX yet. The performance in decentralized exchange is really what make people avoid it, too many flaw and error however if they could eventually develop it to the point where it is nearly flawless and fast enough to compete with centralized exchange, I'm pretty sure people will be switching over. |
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I used to use usdt. It seems to me that this token is the most popular now. And this means that it is the most reliable.
And the most complicated aswell, I heard from some people that uses USDT or atleast store their wealth value in USDT asked for their importand data or went through KYC process. That'd be really troublesome for people if the money were frozen in the process. |
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I'm still spinning between the cryptocurrency and the main work! It’s impossible to completely go into one thing! I wish you good luck!
It is possible if you can manage your time and dedicate your time efficiently to learn things. Cryptocurrency is so flexible and so many opportunity waiting to be searched. Leaving your job for cryptocurrency could make your life troublesome so I dont recommend it. |
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The main problem is that you usually detect it too late and then you are probably taking longer to quit.
Kinda true and this happens most of the time when it comes to ICO Distinguishing a good project and scam ones is quite the challange you need to analyze the developers furthermore whether they are real thing or not and even if they are doesnt necessarily eliminate the risk involved. |
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As per recent article on Bloomberg , facebook is developing a cryptocurrency that will allow users to transfer money through their whatsapp messaging app and they are first focusing on market in India. They are developing a stable coin-a type of digital currency pegged to the U.S. dollar as bitcoin have high volatile nature. This is a good thing that big names are moving into crypto world now. For detailed study go though this articleThis once again proves that cryptocurrencies have great potential for using them in various fields. I am very glad that Facebook made this decision. I am not that glad, people are enthusiastic because a big name is trying to create a cryptocurrency but I am sure that it will not be that different from fiat and if that is the case why do we need such a coin in the market? They are only going to create even more confusion among investors about what it is a cryptocurrency and why do we need them in the first place. Pretty sure that this coin is not meant to be used as a tool for investment or such instead it will be used as a currency within whatsapp ecosystem and that is why the value will be pegged to fiat. Maybe the coin will be used to pay for sticker or anything else no need to worry. |
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If we can accept the risk, then we do not need regulations. Regulations are here only to protect investors before scams.
Your last sentences just make it more obvious that ICO really need to be regulated. I mean if it is what it takes to make investors be able to avoid the scam ICO then it should be done in the first place. |
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the way that we can avoid a scam project is by conducting a good analysis of all matters relating to the ICO Project. some supporting documents, teams and advisors are the main things to analyze
The main thing is not to trust the various sites providing information about the projects, there is no guarantee that they honestly check, all you need to recheck yourself The truth is they will only give us the visitors a necessary information but a biased ones. There is no borderline of those scam ICO and hthe legit ones. Even if you pay the site they will definitely do what you will tell them to do. |
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Correction or not , expect always a pullback when rallies like 2017 happened. The pump was like heaven and dump like hell. Correction are good if you sold high, but always a pain in the ass for people who both in the ATH and panic sold all their investment to stop losses.
Yeah expecting the worst that is, people just dont have a clue that there is always a consuequence behind something especially a huge pump it's like what murphy law's saying "Anything that can go wrong will go wrong" There's no way that a pump will last forever so people need just to chill since dump will also not last forever. |
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I can tell you my little theory about Ethereum. As I noticed a very large number of people have a positive attitude to Ethereum ! Even there are fans ! Let's imagine that the ascent movement begins and specifically the bullish trend ! I'm almost 100% sure that people will have a hard time parting with the coin that will lead to a new historical maximum, but of course after a series of updates to the network that integrates the development team in the near future and so on.
What do you think ?
Are you fans of Ethereum ?
Thanks for the reply.
I am fan of ethereum. I think positively about ethereum growth that growth cannot be predicted. Ethereum has its own path and we don't need to provoke it because in crypto we cannot predict anything. We just need to hold on and be patient for a better time where ethereum will return to the highest price. Provoking need capital anyway and this is just pure inefficient, let just the market flow and see what the market decides about Ethereum price because I'm pretty sure that if it's the right time for bullish then it will be a bullish time otherwise it will not. |
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Great!
I appreciate that someone here showed that we should stop thinking about the possible loss, but we have to try it because without risk, simply you can't become a millionaire.
Risk that involves every other person that are unrelated to the one who invest, yeah, I think that's pure madness to use other people money to invest. Lets be real here, you don't even get a clue what OP talking alright? |
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Many people I know never take CMC so seriously, they believe CMC is just giving a glance of price range some altcoins within.
If they really want to know how much a coin really worth also checking the existence of the liquidation they'd instead go to the exchanges that list the altcoin directly not CMC. However, the existence of CMC itself quite helpful despite having doubtful credibility due to lack of authenticity.
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Actually is easy, that is don't share your private key to unknown website who was asking to import or connect your account using private key.
Not that easy when you don't even have any clue if there's some kind of viruses infecting your computer. You may think that you never ever submitted your privkey to stranger or any phishy website but the hackers will still get it anyway. that's why always use 2fa and if you can afford one go buy hardware wallet. |
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One of my online friend bought apartment with Bitcoin last year. You just need to find someone who accepts crypto for their real estate.
But when you buy a house, you need to have a clear contract and papers. I don't think the law can accept buying houses with bitcoin or altcoin, at least in my country When there's a deal between individual even if that person paying with leaf everything can be cleared up and still be approved by the government if the documents are there and they are not breaking any law. It's a common sense that the payment method is up to the individual who made the transaction not limited by the government. |
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I understand the fact that investors should do their research before investing into any project or coin, but MarketCap sites, such as, CMC, CoinGecko and the likes, also have some roles to play.
Reputable exchanges do screen and scrutinize every coin that is listed on their sites and peradventure there is any already listed coin found suspicious of scam, it will be delisted. With this, i also expect that MarketCap sites should do the same, but these days, it seems they are left and displayed without doing the needful.
If this is done with due diligence by deleting or delisting scam coins, it will go a long way to help the system and at least make it safe to some extent.
I agree with you, since this platforms are very useful in terms of data and insights. They must observe transparency and professionalism with those things such as execution on truthful information about the platforms they want to list on the site. This is so important to avoid further problems regarding faked and scam front projects to be listed. As problematic as it seems they really not giving any attention to this kind of thing, they are only listing the most demanded coins whether it's implicated as a fraud or not. The unpopular ones will be left behind and will eventually get delisted even if they are legit. Even I've seen tons of crypto that works on ponzi scheme listed there, not a new thing. |
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I think it's easy to detect scamer. because right now by checking transactions they can check to find out the fraud they will commit. including now many have detected fraud
No, it's not. Which transactions do you mean? The OP refers to scam bounty campaigns. Right now, the scam bounty campaigns are getting higher in terms of quality. They already have detailed whitepapers, good website presentation, etc. They even join conferences and meet-ups. They even appear to have good products in their pipelines. But then they are only present while they are still looking for investors. As soon as their ICO is done, they are also gone, along with the raised amount of course. That is one thing that most of investors right here despise, only presence when there is money left to grab that kind of people are what making the ICO messed up. Multiple times I see people that are really passive after their ICO achieving milestones and they really seem to dont give even a single shit to what they promised. |
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All of the project's data is incomplete, so I can't judge anything. But I do not believe any ICO who is confident to say that they will post their token on most top ranking crypto exchanges in the world.
Quite the opposite if an ICO could prove such thing, it will seems like a legit ICO. They are fulfilling their promise and also a really big promise. If they are scam ICO they would just get over with the fact that they cant fulfil their promises. |
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