I think KYC procedure can't resolve the problem at all. Often KYC procedure in bounties is to use just scan of primary document like passport. For example many bank and insurance staff have an access to a lot of that documents. So they easely can use fake personal data.
I think the main problem is that there are a lot of cheaters that are using multi accounts at the same bounty to earn bigger rewards. I think KYC solves all this problems and you can also proof that it was your article because you have added it to the spreadsheet first.
KYC procedure is acceptable for trusted ICO / projects. Sending your personal data to unknown person / group is not the best idea. Or bounty organizers should also disclose their persons to the participants, like KYBM (Know Your Bounty Manager) procedure
Ive never bought any coins before and am considering opening an account while the coins are low
How would you invest $1000 - 2000
Thanks
At the beginning the best choise is Bitcoin. It's very easy to buy Bitcoin. You even don't need to register at crypto-exchange. Also there is a lot of Bitcoin ATMs. So you can buy BTC for fiat cash
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BoardService Discussion (Altcoins)
Re: ☛ Signature Bounty & Merit System
by
AzureDragon
on 11/02/2019, 18:55:16 UTC
Looks interesting. It potentially can increase both Signature bounty quality and message content quality too
Investors in 2018 are still active and they seek for good and potential ICOs. It is just a matter of time if there will appear new ICO with low crowd sale capitalisation.
Not only ICOs can give some profit this year. There are several intresting innovations in cryptocurrencies: protection from 51% attack, "no-blockchain" coins. It will be interesting year
The cryptocurrency market is a place where we need to adapt to a rapidly changing situation. Many expected a fast-growing market. Because of this, many mistakes were made. And they feel disappointed. But now they are starting to change their trading strategy.
The market never growth fast after longterm downtrend. Never. The initial growth is slow and steady and often eve looks like non-growth. Now should stay tuned. The key level of BTC price carried out support role and price begin to go up
I think it is necessary to say that I became rich thanks to cryptocurrencies. And above all first of all I mean Ethereum. It is a very interesting cryptocurrency which has good prospects to grow further. I am sure that it will be so.
But Ethereum now is too big. It can't give x100 anymore. Even x10 looks like a dream. But anyway there are enough projects that could give such profit in future
But the chance to lose money is also higher, it is necessary to keep part of the funds in the fundamental coins as they are unlikely to fall and not to rise , and the fundamental ones can back up your finances and wash away in case of drawdown will restore your portfolio
Yes it is. I think put 50% of your cryptoinvestment portfolio to solid coins like BTC, ETH, LTC and the rest could be put into mo risky but probably higher profitable coins
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BoardAltcoin Discussion
Re: Panic selling! Yes or No?
by
AzureDragon
on 07/02/2019, 19:00:45 UTC
If the panic already began just wait a day or two. Never sell on emotions. Of course it's very painfull to observe how your deposit melts down but panic doesn't help you
There is no Actual amount of profit you can make investing into altcoin , But the reason why people are choosing to invest into altcoin is that we believe that one day bitcoin will hit 200k and when bitcoin hit 200k our altcoin will also hit 1k and 2k which can help us to makes more money now that most of us are not able to purchase one full bitcoin .
Moreover altcoins have higher growth potential. Thus they are more interesting for investment than Bitcoin. But do not forget that altcoins also have much more drop potential than BTC
I think it is necessary to say that I became rich thanks to cryptocurrencies. And above all first of all I mean Ethereum. It is a very interesting cryptocurrency which has good prospects to grow further. I am sure that it will be so.
But Ethereum now is too big. It can't give x100 anymore. Even x10 looks like a dream. But anyway there are enough projects that could give such profit in future
If you want to make profit you do not need to be greedy. 20-50 percent for each coin is an amazing profit on a falling market. Do not make this mistake to await 1000 percent profit for each single coin or you will be left with nothing.
20-50 percents in altcoins looks like tears. At least x2-x5 is good enough. Moreover now many altcoins already fallen deep and buying now could get x-profit with high probability.
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BoardAltcoin Discussion
Re: Do you already own some GRIN privacy coins?
by
AzureDragon
on 04/02/2019, 15:26:07 UTC
GRIN is unique coin. Of course now there are some forks of GRIN, but with no innovations. GRIN will be interesting for investment but not now. At first main support and resistance price levels shoud be defined
I think you need buy not new coins but coins which has survived this bear market in 2018 becouse it means project has potential ,good devs,good communty support i can suggest DeepOnion as a coin like that.
DeepOnion could be good choise but do not forget that it has mainly airdrop distribution. It will bear on ONION price for a long time
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BoardAltcoin Discussion
Re: New project in 2019?
by
AzureDragon
on 02/02/2019, 15:24:59 UTC
At the moment really difficult to find reliable project. But I can name few: they are GRIN and SUQA. I think they have enough growth potential in near future
It is still very early to talk about a new bull jump, now the market is not predictable in every sense of the word. My advice is not to make a hasty investment.
Yeap, the growth will not be rapid at the beginning. So it will be enough time to buy cryptocurrency after the beginning of bull-trend
Get your self some Grin https://bitcointalk.org/index.php?topic=5090427.msg49456846#msg49456846 . It is one the few cryptocurrency with unique technology. It's arguably next to Bitcoin in terms of true innovation. It is anonymous and scalable .. It is probably the most anonymous in cryptocurrency space.
It is the step brother of Bitcoin
GRIN is really unique. Of course we see a great start: listing on many exchanges, high volumes, CMC in just one month! But is it the time to buy GRIN now? The price could drop enough before big bull run.
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BoardAltcoin Discussion
Re: 2019 Shopping List
by
AzureDragon
on 30/01/2019, 10:08:37 UTC
Ethereum will be interesting for buying if it will be above 0.025 BTC next few month. 0.025BTC is a key support level. From that ETH can rise x4-x5 in year or two. Also LTC is interesting but not above from 0.006 BTC
I will give the secret for you, how to choose the great bounty. First you must be patience for join the bounty you must waiting for 2 weeks ICO if the ICO success you must join the bounty. And you must looking for the project of the bounty you will paticipated, and make your self believe for the bounty.
It's probably very good suggestion. Will try the method in future. The analysis of the volume of funds collected by ICO can give enough clear picture of the project.
More bear market, with big announcement on taxes, laws and legislations AGAINST CRYPTO, denial of ETF at least for 2019 and almost sure for 2020. Market cap in absolute decline, massive run away from crypto for the part of investors, which BTW, they are doing right now to gold.
If you thought 2019 would be better, well, just sit down, this is hell.
If BTC will go below 3k than it rapidly will go to 2400-2200 or even lower. It's a pessimistic scenario. The situation around Bitcoin ETF is really curios