I want to assume that there are few people, who make several profits from trading altcoins, but sell their profit to bitcoin, and then over time while holding bitcoin, it dumps and their profits dips alongside bitcoin.
Why not do it this way ?
Since you trade mostly in altcoins, as soon as your make your profits, sell them to stable coins or fiats, close that trade chapter.
If you are passionate about hodling bitcoin, always convert to usdt or other stable coins and be patient for a fair entry point. Because the market isn't running away
What do you think everyone ? is there a better pattern that can be practiced?
I am open to more suggestions.
Some traders are already doing this, they always find their way to make a way of saving their assets than losing it. But, there is no way to escape loss, even the strategy you suggested that was already been used by other traders is not enough to escape loss. There's still a percentage where you will lose in trading depends on the movement of the market. |
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Being wiser is not enough since there are many factors when it comes to cryptocurrencies. Although I do agree if you have a good mindset from a wise investor, you will fare much better compared to without it.
So, what do you think an investor needs aside from being wise and thinking more than twice before investing? As I know, what makes you a wise investor is you keep on thinking, looking for an answer t your questions or simply making research, and will think again if you will take the risk or not. |
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There are no updates on this project and of course this project can be said to be over, so the coins you have in your wallet will not be valuable, save it maybe in the future there will be a miracle..
There is no update because the project is dead. There is no future and there will be no future developments for this project anymore. The coins bought by OP is no value now, there is no point of saving it because even if a miracle comes, this project will still be useless as it is right now. |
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What we have experiencing in crypto is just normal. It is not something that we should consider as dramatic condition since it have been happening all the time. Just do nothing, always be patient and wait for the right timing. Getting a ride with the wave of the crypto is very risky, that's why we should never take an action on its every movement.
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So what is or are your reason why you are dumping your coin?
The only reason is because it is my bounty. I wanted to use that bounty coin to my benefit. If I don't dump my coin then what is the point of joining bounty campaign. Every bounty hunters are dumping their coins and I don't see any point of having a reason why we all do that. That's how bounty works, after you receive your bounty, you will sell it. |
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That's a good thing when you learn something yourself, especially now that the majority of bounties are scams. Be smart in choosing a project, see who is behind the project, a clear roadmap, etc.
Some hunters just promote any project without doing some necessary findings before delving in. I came across a project asking people to deposit ETH in their wallet before getting their tokens and some members still participate in that campaign. At least we should always apply common sense before joining any campaign. Check if the project has backings, check the team behind the project at least. I do agree, most hunters do participate and accept every terms of every project without knowing if the project is suspicious or not. They do not review projects as long as the project has a large amount of bounty offer. They still participate even if the project is most likely a scam. |
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This is not possible. Bounty projects pays bounty hunter with their own token because they don't have the money to pay for hunters. They don't do anything like spending money coming from their pockets, or what.
Also, their reasoning of bounty hunter are killing the projects? It is just pure nonsense, it is just their way to avoid questions of why the price of their coin suddenl drop wherein, most of the time, they are the sole reason.
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The governments can't control Bitcoin because it is decentralized. It wasn't made in favour of a centralized system where one person or authority can have full power and control over its transaction. The farthest the governments can go is to impose regulations on Bitcoin transactions especially on the exchange sites.
Totally agree with you. Despite the regulations of the government of many countries, they cannot control the way people transact their cryptos. The decentralized nature of many cryptos make it hard for government to control them. Instead, they impose regulations to aid people in transacting their crypto assets. Yes, that is their only solution. Since they cannot control the bitcoin, they will control or implement some rules and regulations to the people who uses bitcoin. That way, they can at least show their power, they control the usage of people and makes it as their advantage over it. |
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Because I do believe that the history will repeat itself. What happened during 2016-2017 will also happen sooner or later. I just believe in ethereum that's why I know it will grow, just like what we are seeing right now, ethereum continues to grow.
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Looking for a legitimate airdrop is really hard, what you need to do is to participate in every airdrops to at least have a chance of being part with one legit airdrop. Because today, even in airdrops, there are so many good to be true airdrops that end up being a scam or just a waste of time.
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I have to disagree with you, bounty and airdrop is a way to promote projects so they actually help projects than kill it. Price going low for plenty of reasons, not because of bounty and airdrop alone so you should look again.
Thats true and even they sell their coins/tokens its not going to kill the project because the allocated rewards for airdrop/bounty is not huge to be the reason of killing it. If the project is good and the team is doing their job to make it progress and succeed, it wont easily die just because bounty hunters and airdropers are dumping their rewards. The price is depending on how good the project is so investors will support it. It is true, but no matter what we think, they can still put the blame on bounty hunters without defending themselves. It is to avoid questions why the value of their tokens getting lower. It is their only way to give an excuse to investors without knowing the real reason of the sudden dump. |
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I only hold bitcoin, ethereum, ripple, tron and bnb. Since I started holding again, these are the coins that I have decided to hold until the next bull run. Aside from it is good for long term holding, these coins are really promising and we can see a lot of improvements and they can still continue their developments.
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Many people think good about xrp? I don't think so. Many people think that xrp is a shitcoin, because it is centralized. Its price is being manipulated compared to other cryptocurrency in the market. But for me, I think xrp is great, in terms of having transactions, the fees is very low and the transaction speed is instant which cannot be found in any other crypto.
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A lot of people say they'll give it back to the original owner, but I wonder who would do it if it did. Most of the people here are bounty hunter and if there's a free amount like that, I believe they'll quickly sell it.  so you mean bounty hunter have no honesty or empathy and generalize all them will sell it and get its money? i dont think so ,i believe there are many people that will sent it back although actually they need this money. You can't blame him. Because when it comes to money, even a trusted user can take the money without returning it to its original owner. Especially if you don't know the sender, there is no way that the one who received it will actually send it back to its original owner. |
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For me, ethereum is better than trx. I am holding both of them before but I have realized that putting all my investment in ethereum is much better than splitting it into both ethereum and trx. Right now, I am only holding ethereum and I am really seeing that my investment is growing.
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1. Just because a golden year occurred in the past doesn't mean we will witness such again, yes it's possible but better adapt to present condition.
This is what we need to fully understand as a bounty hunter, what happened in the past, stays in the past. Even if we experience the increase in price in every crypto in the market, it still doesn't change the fact that what we experience in bounty campaigns during early 2017 will happen again this time. It is indeed possible, but if this happens, the history will only repeat itself. Scammers will surely come and will take advantage of the situation. |
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I doubt that this will happen in the Philippines. Right now, this seems to be impossible because of the negative news regarding crypto right now, this might affect for that to happen. Also, there are so many things to consider first and this will only happen if the government will really adopt crypto.
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Is FORSAGE a Ponzi scheme? Buying ethereum to keep and buying ethereum to invest in forsage, which is better?
If a business asks you to bring someone else before you can earn, be weary of it. It's the same way I am weary of the so called Forsage. It takes money from newcomers and pays old members as commission without any tangible business to fall on. The worst part is that there is a lockdown period before you can withdraw your earnings. Again, be scared and weary of any platform or business that encourages lockdown as its business module. Run as far as you can away from such. They always come down crashing, sooner than later. I do agree. People should be wary of their investment if they are being required to refer more people just to earn more. This forsage is a scam that their only goal is to gather more people to become their victim, because the more people they gather, the more money they can get. |
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If bounties were restricted to few persons, the reward would have been more substantial than what we have now, some projects are so conscious of giving hunters peanut, so when a campaign doesn't get a certain amount of participation, they slash the reward to ensure that the hunters gets a small amount of tokens after the participation and that's unfair.
Can you provide the list of some projects that did this? As far as I know, the project will only cut their bounty allocation if ever that they don't raise their maximum target or if the allocation is fixed, it is the bounty managers job to make sure that it will be fixed even if there is a few bounty hunters will participate. |
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That's true, there are some projects that start going Defi just because of the hype. Those kinds of projects are taking advantage to gather more investors to start investing into their project. DeFi is really popular right now that if investors heard that a certain project is a DeFi project, they will invest right away.
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