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Author Topic: Old crypto ways fades away easily  (Read 653 times)
joseyphil82 (OP)
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March 24, 2020, 06:00:24 AM
Merited by tk808 (2)
 #1

Once upon a Time in every bounty life these makes you very bullish on new coins,
1. Well known advisors
2. Burning remaining unsold token after ICO
3. Team Locks their own tokens for years

And now the game have changed a lot, if the following doesn't happen well may God help you

1. List on top exchanges like OKEX, Binance or gate.io
2. Coin already trading and have good volume
3. Promotion has very limited reward for promoters
4. Highly demands for the coin or token

What do you think? Drop your thoughts

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March 24, 2020, 09:59:57 AM
 #2

The times have indeed changed and it's great to see the community/people learning from the mistakes in the past, and adapting to our current meta right now. Very interesting points because some of them are true, but now, those locked tokens, burn, etc. is no longer enough for people to trust your project.

Coin offerings have improved too, from the usual ICO, to STO, and now IEO's. We're also in an era where the technology itself has been continuously improved, people can even now build their own custom blockchains or digitize any assets with arbitrarily complex rulesets. We can now smell scams and projects that have no clear intentions miles away.
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March 24, 2020, 10:19:06 AM
 #3

Honestly I've gotten tired of projects with burn token and advisors like John McAfee, it doesn't work anymore, everything seem adjusted and many have learned, most of the projects hyped by advisors in the past are dead already because the lack of interest is present

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March 24, 2020, 10:41:23 AM
 #4

Honestly I've gotten tired of projects with burn token and advisors like John McAfee, it doesn't work anymore, everything seem adjusted and many have learned, most of the projects hyped by advisors in the past are dead already because the lack of interest is present
Those advisor is not really help the project sometimes they are the reason's why the price of that token deacrease in just a moment without even distributing to hunter's thier payment.


Also the new way with only small rewards will not attract bounty hunter's to continue advertising a project. The smaller the rewards the lessen the member who want to participate.

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March 24, 2020, 10:55:04 AM
 #5

What we need is better use cases that people around the world will definitely benefits from and very responsible team work too, this two thing is what makes a good crypto project today, if I have to add more it will be better partnerships, but my first two points lays the foundation
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March 24, 2020, 11:02:25 AM
 #6

What should make an investor bullish is a project with an actual real world application and it not being a duplicate of an already existing project. Anything beyond these, the project can only survive for so long before it starts to go under.
Project developers can use any of these methods listed as a means of attracting investors and yet still creating a useless coin.

I would advice everyone to stay away from ICOs, STOs or IEOs, a very huge percentage of them turn out to be scams or poorly organized projects.

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March 24, 2020, 11:06:43 AM
 #7

Once upon a Time in every bounty life these makes you very bullish on new coins,
1. Well known advisors
2. Burning remaining unsold token after ICO
3. Team Locks their own tokens for years

And now the game have changed a lot, if the following doesn't happen well may God help you

1. List on top exchanges like OKEX, Binance or gate.io
2. Coin already trading and have good volume
3. Promotion has very limited reward for promoters
4. Highly demands for the coin or token

What do you think? Drop your thoughts

I think it is wrong to join a bounty just because they have well known advisors, that does not translate to a good product or project.
Also, i think it is wrong to join a bounty because they have an oncoming burn, hbrs token did a swap and a burn and the token has still remained a shit.

Joining a bounty because it is on top exchanges, trading with good volume is a chance i reckon with, and make sure the high volume translate to a very high buy orders daily, else you will earn peanuts.

Neutrally, i think high demands for a token means it is a good product, hence leads to increase in price and value.
palle11
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March 24, 2020, 11:29:03 AM
 #8

I rather think that new way is more of deception, it is filled with hype and scam. Their are more scam projects now than even before. I consider 2017 as old way but hunters and investors made reasonable money from their time and investment but from 2019 to now, I doubt if money is being made but more of volume drop and price diminishing.
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March 24, 2020, 11:44:47 AM
 #9

Because everything change also in cryptocurrency.
Do you think that there are also lot of money are being scammed before, while some are earning huge money?
I think today is better than before. Because today, most of the projects now are kinda legit continue to progress.
While if you see some shitcoins, they are gone or starting to fade away.

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March 24, 2020, 11:53:15 AM
 #10

Once upon a Time in every bounty life these makes you very bullish on new coins,
1. Well known advisors
2. Burning remaining unsold token after ICO
3. Team Locks their own tokens for years

And now the game have changed a lot, if the following doesn't happen well may God help you

1. List on top exchanges like OKEX, Binance or gate.io
2. Coin already trading and have good volume
3. Promotion has very limited reward for promoters
4. Highly demands for the coin or token

What do you think? Drop your thoughts

times are changing, and they are changing fast, more people is now introduced to crypto than two years ago, and with more people, more scammers as well, so to speak, investors and bounty hunters learned eventually something from their mistakes, and this puts hurdle up for new projects to be visible and recognized as good
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March 24, 2020, 12:06:35 PM
 #11

It is normal that investors are wise now in the previous Bullrun we have learn our lessons. Those ICO's days are gone and will never come back, it has been damaged by scam/fraud projects. Now if I heard about ICO it does not interest me at all unless a well-known company is launching it or has some legit big partners but it is very rare to happen right now.
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March 24, 2020, 12:13:31 PM
 #12

Most bounty hunters want the assurance of the bounty that they join. If it happens to be listed on any exchange and that's something that passes their standards because it's hard to find projects that lists their tokens on known exchanges.

Time has changed a lot so don't think that things from the past will comeback.

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March 24, 2020, 12:16:50 PM
 #13

Honestly I've gotten tired of projects with burn token and advisors like John McAfee, it doesn't work anymore, everything seem adjusted and many have learned, most of the projects hyped by advisors in the past are dead already because the lack of interest is present
True, projects that rely on advisors such as John McAfee will no longer function at this time, because investors have learned a lot and have a lot of experience too from previous things, so they will not be affected again by the words of the advisor.
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March 24, 2020, 12:26:21 PM
 #14

Investors have learned from past mistakes, back then you will see investors rushing to buy a coin or token because a well known person hyped the project on the internet or a popular man becomes the project advisor, that doesn't work anymore, things have changed
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March 24, 2020, 12:35:53 PM
 #15

All of that has changed since the ICO fraud occurred because some hunters considered that the bounty now needed a long time.

Old bounty
1. Fast sales even in a few days
2. Not long bounty only takes a few weeks
3. A good developer and also serious in handling it
4. Teap entry and the price according to what is expected and therefore many hunters are happy.

Bounty now
1. Sales do not reach targets (even fail)
2. Bounty takes a long time and is also waiting for distribution for months
3. The team always stall for time (that's what always upsets the community)
4. At the end of the scam and the hunters do not accept anything even after months of promoting it.

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March 24, 2020, 12:47:26 PM
 #16

Honestly I've gotten tired of projects with burn token and advisors like John McAfee, it doesn't work anymore, everything seem adjusted and many have learned, most of the projects hyped by advisors in the past are dead already because the lack of interest is present
You are right, now the hype of a new project that is able to anesthetize investors with a strategy to establish cooperation with large exchanges such as Binance, okex, bittrex or others. because now the fundraising system is done through IEO with a fairly short duration. Advisors are not an attraction for newly built projects.

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March 24, 2020, 12:47:55 PM
 #17

Once upon a time people use to earn a lot from Bounty projects but now a lot of them use to be scammers, a Bounty projects success depends on the exchange listing. People have lost faith in Bounty projects these days and crypto exchanges are dying but they won't fade away.

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March 24, 2020, 01:02:53 PM
 #18

What we need is better use cases that people around the world will definitely benefits from and very responsible team work too, this two thing is what makes a good crypto project today, if I have to add more it will be better partnerships, but my first two points lays the foundation
Obviously, the two basic points are the most important among those that are important for each project, because they are the foundation for strengthening the project in the long run, because with these two things can also add new partners to the project itself.
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March 24, 2020, 01:09:29 PM
 #19

Once upon a time people use to earn a lot from Bounty projects but now a lot of them use to be scammers, a Bounty projects success depends on the exchange listing. People have lost faith in Bounty projects these days and crypto exchanges are dying but they won't fade away.
because many people see the opportunity to earn making an ICO thats why more of them ended up to be scam, becasue the founder of that ICO doesnt have any idea how to make business they all think its easy to make a project by having a money that why they asked for money for ICO. They dont realise there are also many things need to considered if they dont want to end thier project.

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March 24, 2020, 01:54:59 PM
 #20

I recently saw a Hitmex bounty campaign. there also everything was very positive on these points, but now the campaign has turned out to be a scam. The project has already been even on coinmarketcap. Now everything is very incomprehensible. it is not known which project will be really good. but I prefer to participate in projects where payment occurs every week.






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