This is applicable to everyone in the crypto space, not to attempt to do more than they are capable of doing. - For crypto traders, miners and investors, invest only what you can afford to loose. Do not invest all your money into crypto, believing that you will wake up one day to get a multiplier factor on your profit. It is either you have profit or loss.
- For bounty, participate in projects you can finish at a time. If you combine too many projects together, you might end up not getting anything reasonable from all the projects. I wonder some times when i see spreadsheets where some have 0 stake almost all through.
About the trading part, I recommend trading with low volumes but making a big quatity of transactions, it has worked for me and I am no expert on the subject, but it will definitely work for someone else.
Everything in crypto is a risky investment so be careful even if you put one buck as an investment. However, if you don't take the risk, you can't gain profits. Cryptocurrency market is highly volatile that's why we call this investment as a risky investment. I hope you can understand now.
I have heard people telling that you can become rich in really short time with cryptocurrencies, and I think it is true but with the condition of investing high amounts of money as well, after all, the money isn't actually growing in the trees.
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BoardAltcoin Discussion
Re: What are the reasons behind banning cryptos?
by
ColorfulJoseph
on 16/09/2018, 20:51:36 UTC
The decentralization of cryptocurrencies is good for the public but really bad for the governments, i my opinion, they won't like something that they can't control going on in the country behind their backs.
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BoardAltcoin Discussion
Re: BOUNTY PAYMENT PROBLEMS: Too long to wait before being PAID!
by
ColorfulJoseph
on 15/09/2018, 19:03:48 UTC
We have to consider that generally ICO projects take a lot of time to be completed, especially now that the market has been dropping like crazy and that the investors have to think their movements way more than before.
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BoardAltcoin Discussion
Re: encourage others to crypto
by
ColorfulJoseph
on 15/09/2018, 18:51:58 UTC
I think every person should have a minimum idea of what cryptocurrencies or at least blockchain is all about, after all, I think it is a matter of time for it to become mainstream.
Personally, completely agree with you on the matter that patience is a crucial characteristic of a successful investor. I think the most important thing that can provide you the trust and courage not to panic is planning the amount you can afford to lose.
Yeah, sometimes is better to mentalized yourself about the possibility of loosing your whole investment, of course there is also the oppostive option, but I think it would be good, in order to avoid disappointments.
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BoardAltcoin Discussion
Re: What are you doing with your portfolio on the bear market?
by
ColorfulJoseph
on 14/09/2018, 20:26:54 UTC
I am currently hodling bitcoin, ethereum, dash, cardano and eos, and of course a big variety of tokens that I am too lazy to sell, but I am hoping for growth on dash and cardano mostly.
Most times there are no strong reasons ,you just have your post deleted, I have seen such many times, I even thought it only affects lower ranks, it makes one lose stakes if you run a campaign
I am curious about how this would work, I have seen a lot of high ranked members doing really low quality posting and I think those posts are the ones that should be erased and not those of jr and newbie members just because of their ranks.
Thanks for your sharing, I wish all bounty participants could earn 5000$ per ICO but now its difficult to find good one and now its not good time for crypto, take a look at the matket sitiation, most of my tokens dumped a lot
That 5000 usd seemed kind of excessive even when the bounty scheme started, anyway, now the rewards fluctuate around 50 to 100 usd in most cases.
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BoardAltcoin Discussion
Re: shall i convert my bitcoins to ethereum?
by
ColorfulJoseph
on 12/09/2018, 22:21:04 UTC
I am currently doing just the opposite, exchange the ethereum I owned for bitcoin, which seems to be a big stable and should be pumping in a few weeks, I hope.
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BoardBounties (Altcoins)
Re: [BOUNTY][OVO] ICOVO - The World’s First ICO Platform Implementing DAICO
They believed in it because the market was already dropping too much, by logic they supposed that the market could pump once the drop was over, I still think the recovery could come soon.
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BoardAltcoin Discussion
Re: Do you trust ICO Rating sites?
by
ColorfulJoseph
on 04/09/2018, 21:55:31 UTC
Well, they are a good place to start when looking for ICO projects, but in the end a lot of the projects pay to be promoted in the site, which is kind of lame.
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BoardAltcoin Discussion
Re: What keeps you motivated to Hodl?
by
ColorfulJoseph
on 04/09/2018, 21:53:22 UTC
I think it is the capability of making passive incomes, I know there are other ways but cryptocurrencies offer the most profitable, on the downside, is the most risky too.
I agree that it is important to diversify our investments. When you keep everything in only one place, then it is very risky.
Well, it is kind of tedious to maintain multiple wallets, with such a big variety of tokens and cryptocurrencies, but I think it is worth it, after all there is money involved.
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BoardSpeculation (Altcoins)
Re: ETH, road down to $50?
by
ColorfulJoseph
on 03/09/2018, 21:39:47 UTC
Ethereum is ready to pump once again, the thing is that I don't think it will get to the 500ish price that it has a few months back, it could take time to surpass that.
Well, I bet bounty campaigns have managed to create a lot of hype to the project they belong to, especially on social media where you have access to communicate something to the masses.
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BoardAltcoin Discussion
Re: Where can I learn trading ?
by
ColorfulJoseph
on 02/09/2018, 16:09:47 UTC
Buy low and sell high, it is reduces to that at some point, there are a lot of traders in telegram and twitter, I prefer telegram cause the interface is faster and easier to look at.
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BoardAltcoin Discussion
Re: Long-term investment.
by
ColorfulJoseph
on 02/09/2018, 16:08:47 UTC
Long term was my priority when I started in cryptocurrencies as it looked like the safest bet at the time, and I think it is still suited for newbies.
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BoardAltcoin Discussion
Re: Bouty and KYC
by
ColorfulJoseph
on 01/09/2018, 23:50:50 UTC
I think kyc could be a way that bounty managers use in order to reduce the number of participants that get a reward, as it is know that a lot of people don't like being part of kyc.