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Showing 20 of 21 results by GarenCoiner
⭐ Merited by fillippone (1)
" Bitcoin might never reach its ATH anymore" that's what I thought way back 2016 when I started embracing cryptocurrency in changing my life and it always prove me wrong. Bitcoin was able to fly at $20,000 way back 2017 which surprised me a lot because I was not expecting it to go that big, and I never doubted it since then.
Even though we're in the bear market for 2 years already, that doesn't mean bitcoin would not make another history. Remember, bitcoin that has to be mine is still on the process so it's imposible to conclude that it's gonna go down and down until it's reach the point where it won't have any price at all.
Even though we're in the bear market for 2 years already, that doesn't mean bitcoin would not make another history. Remember, bitcoin that has to be mine is still on the process so it's imposible to conclude that it's gonna go down and down until it's reach the point where it won't have any price at all.
I don't think that it is that easy to get something replaces bitcoin, we would find something in the high trend time back in 2018 when we saw thousands of blockchain applications and how many alt coins has appeared there
all were trying to make a better alternative to take bitcoin down
but what I think is, to replace bitcoin it will be something not about blockchain it will be a new era of technology
none knows what will this be, but at this time bitcoin going to be useless or just a legacy as old money we keep as good memory
Yup it's true. Most people f the new commers comes to this market with a attitude that says this market is full of profits. But that's not how the market works. That's why most of the time they end up being in scams or in loss. That's why you should learn about this market and watch how it works before any kind of investment. It's always better to do u ur own research and then go for investment. That's it.
exactly, it is like this is the tagline which attracts them all "get rich quick" that is why most of the new comers just lose their money, and that is why old ones are keep making money, I think somehow old ones keep promoting this to let newcomers lose so they can easily win
simply if no new people jump on the boat and we keep losing people who sell, this will let the market get poorer and pricing will drop, so it is all connected. but still, it is on the ones who didn't learn well about what they are about to put money and investment in.
The unstable nature of crypto made those investors with attitude think that this is a "get rich quick" scheme. While we can't stop their attitude, it is their loss in the end. As long as people think that they can benefit from something to their finances with such convenience in their entry, they wouldn't help but have that kind of mindset.
It's like saying that having microjob in the internet makes you rich.
it is their loss, but they make others suffer as well because they are acting unpredictably and this makes your calculations fail and you to lose or they convince others and let them lose and they are making it harder for the market to get stable.
yet we can't stop them from doing that unless we use only altcoins with restrictions that help to avoid such behaviors
if you really choose never to buy crypto currency, it's up to you, I think you lack experience about investing,
there are many investment instruments in this world, you have to learn
there are many investment instruments in this world, you have to learn
i think you misread the topic but I also disagree about telling people to never buy any coins, never say never you know
it is good to have new people in market, more demand ,but they are losing ofc and by their loss we gain
if none loses how will we gain
This is logical, demands will always have positive effects on the price of Bitcoin, the market has started hitting up with #defi projects and we have seen how the recent spikes triggered the price of Bitcoin. We will see another all time high not because of human predictions but because of demand theory. Though we might not see it now but in future, so, the global adoption of this technology will definitely give another all time high IMO.
this is true, but it is one side of the coin, on the other side you can see a lot of fake demand, and how many people are being it for just saving their current stock of BTC from falling.
this is not the big picture you need to look from each point of view in order to be sure (almost sure) of what is going to happen or to predict if it is even possible or not.
emotional analysis is more harmful than being useful.
The crypto worlds will get healthy when everybody will accept blockchain for its potential and not just short-term investment in order to get rich fast. That is the actual simple consumer belief and it has to be changed.
the ugly truth is, any field is getting always worse not better not more healthy, it is a fact that can't be changed, the crypto world is open-world we have no control on it, that would be possible if the community is closed with strict rules but it is not, so we all need to accept this ugly truth and get better by learning more and contributing to teaching newcomers to fight against that, but the battle will never end...
Every work every business neet time and patience if you think that crypto is one day game or quick rich game then it is absolutely wrong and you are losing everything. thanks for the post I agree with your arguments.
it is impossible of course to be in days, but even weeks are not possible to get rich quick unless you are super lucky, it is not about the right time in the year, it is about buying in the best time in the history of bitcoin
can you imagine how much of good luck you need for that??but to get rich or enough profit to not need to work and keep your work on pcs only comfort in your home you are in the right place.
investing in crypto carries a high risk could suffer a big loss but if you are ready to accept the risk then investing can be done because those who understand and have skills in the field of crypto investment will easily get profit
it is important to understand that high risks are also very high returns. the main thing is to make a correct analysis of the direction in which you want to invest money.I have to say that in crypto it is more like the market, where you can lose really big loss, actually in crypto if you invest in scammy coin or a bad project you can lose up to 100% of your money, this ofc means you are not watching your investment correctly.
but some have jobs and still learning or doing this as a side project while there is a lot of other responsibilities, that is what is making crypto much harder and yes it gives a lot of profit but it is also taking a lot of time and focus and eating your brain, it is not for free unless you are the super lucky one who just heard about the crypto and bought right before the bitcoin jump
I think the current crypto market is quite healthy. Everyone wants to 'get rich quick' attitude so that ain't for the crypto people alone. If this works for the real world out there, why not for crypto? Business is thriving because of 'get rich quick' and you have to spend a huge amount of effort to able making a fortune in your life. 'get rich quick' attitude doesn't mean there are no efforts or hardships in it, that is what I want to tell you.
exactly, it is not different from real-world projects crypto is not a virtual world it is just a crypto type of business still a business and still an investment. we can't keep saying everyone should learn before investing, if we all learn and we all buy n time there will be no profit
the profit comes from the loss of someone else, it is a rule written by me inspired by "Law Of Conservation Of Energy"
Basically, the possibility of Bitcoin getting ATH is very big. We know that the halving years made Bitcoin mining even more difficult. And we know that mining costs are not small. I am sure that going forward, with Bitcoin being difficult to mine, it will make changes to the interest and price of BTC.
But, don't easily believe this theory. Because everyone has a different view.
But, don't easily believe this theory. Because everyone has a different view.
One point is that particular halving, the difficulty of getting bitcoin from the mining industry.
While it's difficult to mine with more people start to gain interest, there's positive reactions that will take.
And yes, don't take any words but instead deal with your research and decide base from how you understand the potentials.
from this point, halving is a great reason for increasing the price, but if you think about the pandemic and how everyone was expecting to happen in the crypto world in such particular situation when we can't access fiat without making hands dirty
there are a lot of factors no normal human brain can analyze it all together to decide or be 100% sure about the future of BTC
what we can do is only predicting with a small percentage of knowledge and relying on luck more (we prefer to call it calculated risk)
the good news is the crypto market is now on the rise.
Even the virus is not been resolve the crypto market is already improving. It seems that the pandemic has no direct impact anymore on crypto thats why even the economy is not stable and the virus is still existing we are now seeing a price increase for coins.This might be because of the people staying at home for a while to control the people going out. Because of that they are looking for opportunity online to somehow get an extra income. Despite of the bad situation we are in, crypto managed to give us a light to take profit.
yes, the pandemic didn't affect on the crypto negatively, but who knows what would be the price of BTC if this didn't happen, maybe it would go much higher, we will never know that, but we might be slightly sure about is that crypto world now having a small boost if it is getting stable enough it will be another huge jump in prices
Speculating the prices has its pros and cons but I see it as good thing until the crypto market reaches some kind of adoption in the whole world economy because we are not yet up to the level to take into consideration.Currently the speculation is bringing the more people into the market if people don't really care about the prices we may not see such a huge bump in real short time.
The long pump is not because of the speculators joining in the pump, it occurs because of the shorts being liquidated by the margin trading exchanges and when this happens it creates more buying pressure in the market and hence the price goes up. Only people are calling longs now on every price point which is escalating the price movements now and once these calls will be put on halt that's when we will see the selling pressure and ultimately there will be a big fall in price of bitcoin.the hidden hand theory, I don't think so, most of these pumps up and down are random, no matter how they can affect the market, it can't be always the reason at least not the only reason.
the crypto world is much harder to control than world finance which also a lot of people think it is being controlled by a small group. the crypto market can't be the same, it has very different rules to play in.
When people just start topics like this with no basis or reason, I just dont get it.
NEVER INVEST IN CRYPTO
Then you start telling us the only way you think people should join crypto by earning.
Firstly, you cannot take away the word INVEST from crypto, it's like bread and butter. And if you have any otherwise(es) its should be clearly/factly stated
NEVER INVEST IN CRYPTO
Then you start telling us the only way you think people should join crypto by earning.
Firstly, you cannot take away the word INVEST from crypto, it's like bread and butter. And if you have any otherwise(es) its should be clearly/factly stated
mostly people like to get attention, you can't deny that, why we comment while mostly someone else said the same opinion.
we all like to share our opinions with everyone in his own way. and also we like to invest in crypto everyone in his own way
The "get rich quick" attitude makes the market competitive and pushing projects to compete agaist each other. This make the market more healthy. No good wills are going to do that, only people seaching for promising projects help define the market.
partially right, but it is also the reason for making the market unstable, making most of the new small investors dive blindly causing chaos.
making the market less stable and less reasonable and responding very randomly to each kind of outer events.
to prove they're not scammer project and minimize your investment of being scam...
1. look for the team if they're legit and real human... prove to yourself if they're human and real, not fake linkin from russia, reddit or facebook stuff...
2. list your find...
1. look for the team if they're legit and real human... prove to yourself if they're human and real, not fake linkin from russia, reddit or facebook stuff...
2. list your find...
really? that's it?
no check for the project itself and how valid it is, what is its potential, and if there are any competitors how far they are yet from competing with this project.
you need to check the history of the company or team, did they drop another project? how old this idea is.
don't treat crypto as it is different from the real world projects as we are in a virtual world.
you should always work on this as you are looking for a startup, how would you choose the right startup??
Wouldn't the whole crypto world be way more healthy by removing anyone have a thought about making a well-deserved profit by selling it higher to some else? How do you think if I tell you that your car or your house worth nothing because you shouldn't look at it as "an investment"? How would anyone buy a car/house if it doesn't have a price tag? State-provided cars and houses? Think about it for a second and you will see crypto is almost the same. Even if I don't consider my bay as an investment or invest in it, I'm sure won't easily give it away.
wouldn't apply such rules to the real-world will make it a better place, but you can't simply control everyone, you are not in their situation to judge.
sure some actions can't be justified even in crypto world, but it is a world of imperfection.
what you need is to make your own rules to deal with such reactions, trying to be step a head so you don't every time get hit by same wave. and accept it when you make the wrong decision, try to learn from it and make better investment next time.
So I've seen many projects come and go and it's always incredible to see the amount of people that are fooled (including me in the past) by projects that are nothing more than a website template and a generic white paper.
The ICO pump and dump from 2017 showed that many people made huge amounts of money in exchange of worthless tokens that
1. never hit an exchange
2. if they did they only lost value to never recover again.
3. never had any real value or usage.
It also showed that people don't really care about the technology but rather, the profit potential, hype and speculation around a project.
You can still find many worthless projects like these, despite the bitter past investors had in the ICO bubble and some IEOs. DeFi is a recent hype that has so much potential and risks at the same time. Most likely a lot of new projects will promise around this concept without being able to deliver or build anything significantly.
However, those that do survive and remain competitive after the first year will be good candidates to keep an eye on. You are free to participate in DeFi ICOs or invest in current ones at your own risk, there's been recent volatility around some of these projects so is always good to be careful when to invest or open a trading position as volatility is a hot potato game and is never good to hold the potato when the music ends.
We always have to do our own extensive research and figure where value is and detect scams. Sometimes is difficult because the project might seem valid, genuine and worthy. But as time passes, some seem to stagnant, underperform and eventually end. Soon their tokens become souvenirs in our wallets and we are only left with the painful regret of investing in them.
There's multiple reasons why a crypto project/startup dies. Most of the time, the lack of adoption is what really kills a project. Even if you have a working product and a great tokenized economic model (monetary policy, deflation mechanism, interest rates, utility, etc.), supply and demand rules at the end and if there isn't enough demand for a product or service or token, the startup is doomed.
The reason I made this post though is because I recently stumbled upon a project that shocked me because of how worthless it is, yet people seem to support it and I really don't understand why.
The project is called Originate Coin maybe you guys have come across it on the bounty or announcement threads.
"A decentralized database network" is what they propose.
Their site is a classical ICO template anyone can setup relatively cheap and when you read the white paper there's absolutely NOTHING that describes the project value proposition in depth or heck even a tiny bit. It only talks about blockchain technology, Ethereum, cryptocurrencies and the ICO structure. Very general subjects, it almost feel like it could be useful educational content for cryptocurrency and blockchain beginners, but nothing really special about Originate. It doesn't describe the token's utility, the economic model, the actual purpose of creating the project. Nothing.
In spite of this, they are cynical enough to write this:
"...Originate Coin cryptocurrency intends to reach the fifth place in market capitalization over the next two years..."
There's even a fake Linkedin button for the team members that doesn't redirect you anywhere and there's no description about who these people are. There's only pictures, possibly not even of the people behind this scam.
The Twitter feed is full of hype around the price and trading activity that supposed to be real.
This is the perfect example of a worthless project but what surprised me is the amount of "support" they seem to have on social media. There's over 20k members on their Telegram, and over 13k Followers on Facebook and Twitter and also a plenty amount of participants in the bounty campaign. The token is also already listed on two exchanges and on Coinmarketcap!
This might seem like not a big deal is just another project that needs to be avoided. There's been far worse scams like BitConnect and OneCoin so Originate might not seem really relevant but it only shows how risky the space still is, specially for the newcomer naive investor.
Exchanges don't care about the authenticity and integrity of a project as long as the project pays for the listing fee. Being listed on an exchange, and also listed on Coinmarketcap gives the false sense of authenticity. Obviously it's fake considering there's barely any buy support on these exchanges and plenty of sell orders. But I'm disappointed that up to this day, cryptocurrency price trackers and ranking sites such a Coinmarketcap with a respected reputation that claim to strive for transparent metrics and provide better tools for the average investor, allow these type of projects to be listed on their site.
Scams will always be around as long as there are opportunities to exploit and take advantage of. It's always up to us to avoid these scams so is always better to play safe and only consider reputable projects to invest and deposit both your money and trust.
Feel free to comment what other ridiculous scams you have come across recently or in the past.
The ICO pump and dump from 2017 showed that many people made huge amounts of money in exchange of worthless tokens that
1. never hit an exchange
2. if they did they only lost value to never recover again.
3. never had any real value or usage.
It also showed that people don't really care about the technology but rather, the profit potential, hype and speculation around a project.
You can still find many worthless projects like these, despite the bitter past investors had in the ICO bubble and some IEOs. DeFi is a recent hype that has so much potential and risks at the same time. Most likely a lot of new projects will promise around this concept without being able to deliver or build anything significantly.
However, those that do survive and remain competitive after the first year will be good candidates to keep an eye on. You are free to participate in DeFi ICOs or invest in current ones at your own risk, there's been recent volatility around some of these projects so is always good to be careful when to invest or open a trading position as volatility is a hot potato game and is never good to hold the potato when the music ends.
We always have to do our own extensive research and figure where value is and detect scams. Sometimes is difficult because the project might seem valid, genuine and worthy. But as time passes, some seem to stagnant, underperform and eventually end. Soon their tokens become souvenirs in our wallets and we are only left with the painful regret of investing in them.
There's multiple reasons why a crypto project/startup dies. Most of the time, the lack of adoption is what really kills a project. Even if you have a working product and a great tokenized economic model (monetary policy, deflation mechanism, interest rates, utility, etc.), supply and demand rules at the end and if there isn't enough demand for a product or service or token, the startup is doomed.
The reason I made this post though is because I recently stumbled upon a project that shocked me because of how worthless it is, yet people seem to support it and I really don't understand why.
The project is called Originate Coin maybe you guys have come across it on the bounty or announcement threads.
"A decentralized database network" is what they propose.
Their site is a classical ICO template anyone can setup relatively cheap and when you read the white paper there's absolutely NOTHING that describes the project value proposition in depth or heck even a tiny bit. It only talks about blockchain technology, Ethereum, cryptocurrencies and the ICO structure. Very general subjects, it almost feel like it could be useful educational content for cryptocurrency and blockchain beginners, but nothing really special about Originate. It doesn't describe the token's utility, the economic model, the actual purpose of creating the project. Nothing.
In spite of this, they are cynical enough to write this:
"...Originate Coin cryptocurrency intends to reach the fifth place in market capitalization over the next two years..."
There's even a fake Linkedin button for the team members that doesn't redirect you anywhere and there's no description about who these people are. There's only pictures, possibly not even of the people behind this scam.
The Twitter feed is full of hype around the price and trading activity that supposed to be real.
This is the perfect example of a worthless project but what surprised me is the amount of "support" they seem to have on social media. There's over 20k members on their Telegram, and over 13k Followers on Facebook and Twitter and also a plenty amount of participants in the bounty campaign. The token is also already listed on two exchanges and on Coinmarketcap!
This might seem like not a big deal is just another project that needs to be avoided. There's been far worse scams like BitConnect and OneCoin so Originate might not seem really relevant but it only shows how risky the space still is, specially for the newcomer naive investor.
Exchanges don't care about the authenticity and integrity of a project as long as the project pays for the listing fee. Being listed on an exchange, and also listed on Coinmarketcap gives the false sense of authenticity. Obviously it's fake considering there's barely any buy support on these exchanges and plenty of sell orders. But I'm disappointed that up to this day, cryptocurrency price trackers and ranking sites such a Coinmarketcap with a respected reputation that claim to strive for transparent metrics and provide better tools for the average investor, allow these type of projects to be listed on their site.
Scams will always be around as long as there are opportunities to exploit and take advantage of. It's always up to us to avoid these scams so is always better to play safe and only consider reputable projects to invest and deposit both your money and trust.
Feel free to comment what other ridiculous scams you have come across recently or in the past.
80% of ICO & Airdrop website are now closed, that is a big clear clue proves how scammy was most of these ICOs ofc some were legit, had a real project, but back in 2017 the experience was limited, resources was limited, it was new fresh technology having a big jump in use led to huge number of investors and normal people to jump right away getting scammed easily with cheap attractive slogans
but tbh this is the same happens all the time, it was just a big number due to the crypto was the trend back then.
Yes, I agreed that majority of the community here in the forum are too lack of knowledge where in the end most of them always ended up into
loss of their assets. And sometimes because there are people here who are greedy, due to they want to earn fast without giving any effort of their investment. Even they know that there is no shortcut for us here to earn big in a short period of time.
loss of their assets. And sometimes because there are people here who are greedy, due to they want to earn fast without giving any effort of their investment. Even they know that there is no shortcut for us here to earn big in a short period of time.
yes some lack knowledge and some are greedy but that is how it is going in every other invenstment opportunity, there is always a greedy or with low experience and just heared about a trend and wants to ride the waves.
sooner or later if he gets even rich by luck if he doesn't stop this approch he will end up with the same low assets and maybe even without the low assests he started with.
Actually new projects needs investment, why or for what you invested in cryptocurrency that'll be hard to find. By taking this side, I will suggesting to invest in cryptocurrency. After 1, 2 or more 10 years, you will sell your altcoins. Cryptocurrency can't stand on others donation. I don't like IEO investor, projects should be good but ultimately sell their coins during correction time.
some cryptocurrencies are made to receive funding for their projects, not all crypto is just for trading.
this part of crypto is interesting to investors less than coins made just for trading, because coins of trading can go very high or low for no reason (if someone buys a big bite of the market or sells it) cryptos made to support/fund projects have more stable steps but many shuts down in early stages because they don't get enough funding to continue
I think most people approach crypto in the wrong way. With "get rich quick" approach.
If you come to crypto with such an attitude, you should never ever invest.
On the other hand, if you actually had to earn it while doing whatever you are usually doing anyway, that involves money?
Examples:
You get crypto as a token of gratitude after making donation to some project. (crowdfunding)
or
You are paid crypto as a bonus to your salary.
or
... (any other examples come to your mind?)
Wouldn't the whole cryptoworld be way more healthy? What do you think about it?
If you come to crypto with such an attitude, you should never ever invest.
On the other hand, if you actually had to earn it while doing whatever you are usually doing anyway, that involves money?
Examples:
You get crypto as a token of gratitude after making donation to some project. (crowdfunding)
or
You are paid crypto as a bonus to your salary.
or
... (any other examples come to your mind?)
Wouldn't the whole cryptoworld be way more healthy? What do you think about it?
take it from an expert in life before being expert in crypto for 3 years
that would make the whole crypto world more healthy as if everyone working hard and doing his best for himself and others around him.
but does it what happens? no, why? because it is not a fair world, and every technology is a double-edged sword, some projects are using it the right way, some are abusing it.
it is better to check every service and coin and avoiding projects that are hiding the main info.
also, it is always better to invest in coins/projects for teams who have a past of stable development for other projects.