The key is not to get emotional and panic buy or sell. When the prices are falling, we should remember that it's happened before and everyone survived, they can't fall forever, we should just be patient and wait it out.
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BoardAltcoin Discussion
Re: Bounty hunters are a job?
by
DarkHerO15
on 29/09/2018, 16:23:55 UTC
Depends on how you define a job. If it brings you money, why not calling it a job? I think bounty hunter can be a lucrative business when the market evolves and becomes more reliable in terms of getting bounty rewards for our efforts.
Now market comes out from bears hands and stabilizing here to start a new run up and it will start anytime. It is not surprising if we see a big shoot up in ethereum price as it dropped too much in this bear market.
I think we shouldn't worry, bear market will end, bull market will end. Worrying won't stop it and won't affect it. Crypto will survive and we need to wait.
Crypto currency is the future of money. All this is well understood and therefore participate in this. We are all waiting for when our investments multiply. Everyone is waiting for the same thing.
Agree. We are waiting for the moment we all came here for: coins mooning and we getting rich. We are waiting for the prices to rise. But what will make them rise?
You should do good research of the project, try to find one with good working product and low market cap. It can take some time but if you thinl on investing long term that may be a strategy for you.
Reading a lot helps doing right choices.
If you consider invsting short term, than take a close look at top ten coins, with bullish market than bring some profit.
Good luck
I agree that reading a lot helps to make the right choices. Your advice on long-term and short-term investment is very helpful. Thank you.
Of course you can leave, but you need to choose a good exchange, of course, for example on polonies or ku coin, you can safely keep and are not afraid
I would also advise not to keep everything in one exchange. We should split the assets among different good exchanges to reduce the risk of losing coins when the exchange is hacked.
It will still end sometime, but no one will say the exact date. The market will not drop to zero. They will simply eradicate unreliable users, lower the price to a minimum, and then mass procurement will begin again.
It should have begun already, the coins have the lowest price. We need to wait for SEC decision and then we will see where the market will turn.
I would never recommend to anyone that they put all of their investment into just 1 coin, the risk associated with this is far too great. That isn't to see that it cannot be a strategy that works just that it is a single point of failure. I would pick 4 or 5 projects to invest with that way if one of them turns out to be a scam or fails for any other reason I still have the others to rely on in an attempt to cover and make a profit.
I don't see how diversification will be detrimental. We can select good coins out of many bad ones. I think diversification is the best strategy because it allwos you to still have profit even if other coins you're holding failed.
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BoardAltcoin Discussion
Re: Are you selective when you participating in ICOs?
Well of course you have to be extremely selective, otherwise your starting capital would vanish rapidly. Last year it was enough to do some research on the team of the project and their token metrics, their idea etc. and you could make nice returns, but this year a lot depends also on the demand for the project, the previous mentioned factors are not enough.
Yes, it is not enough to just research on the team and the quality of the product they offer. The market is oversaturated. We need more time for researching demand.
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BoardAltcoin Discussion
Re: wasted 3-4 months in bounty and at end got nothing ??
I know your feelings ,I have been in similar situations several times,but there's nothing we can do about it, this is crypto and no one can give you 100 % guarantee in investment in ICO or rewards in bounties, so everything at your own risk.
Unfortunately you are right, anyone can experience this situation and it can't be helped. We can't complain to anyone but on here, and we can't guarantee that it doesn't happen.
Basically the creation of altcoins includes eth to compete with other coins including btc, but eth crying is indeed the best btc competitor, because now there are many new crypto projects that use eth's platform, and that is one factor why eth can be called the best altcoin.
Yes, the ETH platform is one of the factors that make ETH so good, but competing with BTC, I dont think so. The both coins are just in the market, going its own way.
I feel keeping our coins in exchanges, mininize the risk of loosing our coins to wallet hackers.
As there are wallet hackers, there are exchange hackers. Nothing is secure. Exchanges may get hacked. You should still keep your coins in our wallet, or wallets. Have many wallets, and many exchanges. This can reduce the risk.
If I decline, I don't think it will decrease, but it is more likely for investors to be more selective in choosing an ICO, now many ico have sprung up and not all have good prospects, surely investors must be good at choosing ico who has good prospects and potential
It only seems that one person's voice doesn't matter and if you refuse investing in ICO it won't affect anything. Its a domino effect, so I think the number of investors is decreasing after scams and one by one.
Bitcoin keep on falling down and no sign of raising. How long can we keep holding?
You must be patient to achieve your goal The story is not the timing but the goal you set for yourself The market now needs patience and wisdom in dealing.
Absolutely. We need these. And the length of a wait each time depends on so many factors that there is no clear-cut algorithm and answer to that question.
To see bitcoin on 1 million dollar or Ethereum to 10000 dollar, we must all understand that it takes mass adoption to get on that point. And mass adoption begins from home, so how do you educate your friends and family about crypto?
Do share so we can all learn from each other's method
I'd refer them to some general info forums and videos kind of "for dummies" (lovingly). There are plenty of videos on YouTube not going into details of trading tricks. You can show them some videos.
That is something we can only guess. Personaly am a fan of ICOs, and believe the importance of their existence. Also like bounties, which will not dissappear, as long as there will be ICOs IMO
I hope ICOs won't disappear like an idea. I like bounties too and think all ICOs should have them. For some time, at least for a couple of years, we need ICOs.
You don't have to have thousands of dollars to invest. everyone invests according to their means. For some people there can be very little money for 1000 dollars, some people may even be a nice target
I agree, we should start with whatever we can afford to lose in case of bad luck. And even if we lose we can join a bounty or take a break, earn money and reinvest fiat.
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Re: Spreading Wealth to poor areas through bounties.
Indeed a noble act of kindness to share with less fortunate people especially in those remote areas wherein poverty is more evident.Continue your noble act for you will be rewarded in the end though I know it would never be easy because you have to educate them about crypto and of course provide them internet to do so.
I would suggest workshops based on information that he knows about crypto and some Skype and conference calls to train practical skills. He can rent a place and do some consults from there or go from office to office and spread the word that free money is there about to be airdropped on people.