I used to be addicted to checking prices.
I would check it every single free moment I had.
At work, at home, everywhere.
It was really stressful to say the least lol.

I think everyone goes through this phase.
AFter awhile, when you get used to it, you learn to just leave it alone and pay attention when it is important.
Especially if you have a specific trading strategy, you need to stick with it.
Constantly checking prices will just throw everything off and cause you to make foolish decisions.

False.
I think you are overestimating the influence bounty hunters have.
First off, take a look at the percentage allocated to bounty hunters.
In a typical ICO, it is only like 1% to 2% of the coins available.
Some ICOs will go as high as 5%, but that is still a tiny fraction of the overall supply.
It just isn't enough to totally crash a project even if every bounty hunter completely dumps their coin.
(and not all bounty hunters do).

The biggest factor in an ICO getting killed is one that people seem to overlook:
It was a crappy business to begin with.
People like to blame bounty hunters, market situations, scammy practices when really, the business had no hope to begin with because it was just a bad startup.

I actually don't think scalping is a good strategy in a bearish market because there isn't that much trading volume going on.
You need to have a lot of trading volume to take advantage of the small and numerous gains you hope to achieve.
Without the volume, prices become stagnant and fall.

Also, as others have pointed out, it is very risky.
You could end up putting all of your capital into a coin that just doesn't move and all of those gains are negated.
You need to realize, in order for scalping to be successful, you are willingly giving up huge profits for tons of smaller ones.
All of those small profits could be swept away by one wrong move.

Hmmmm, how is that HYDRO looking like now?
I remember the general sentiment was that you just hodl your coins and you will be a millionare.
Obviously, the market has shown that it is just not the case.

The big takeaway from this is you need to time your sells right.
If you just never cash out, you truly are making no money.
So having a set goal to guide when you should cash out is important.
Otherwise, you could be sitting on a wallet that is just full of dead weight.

Yes, profits during bullruns can be very good.
In fact, in the world of crypto they can be downright crazy.
When I look back to dec 2017 and jan 2018 when crypto was at its peak, I was making around $800 usd a day off of day trading.
There was just so much trading volume and pumps that it was easy to take advantage of it.

Now, there is also a lot of opportunity.
Even though it is not as crazy as 2017, this year has truly been a fantastic bull run for btc.
Something to think about: last dec. btc was in the $3000s!
So instead of sitting around and waiting for thigns to happen, just take a look now, lots is happening!

From the very beginning, I've always thought that the long term hodl has been foolish.
To me, long term hodl is the same thing as putting your money in a bank account and trying to get interest.
It just isn't effective when compared to actively investing.
And so far, I have been right.
I have gained far more capital and grown my portfolio much larger than I ever could just hodling.

You have to realize, that when you hodl or just put your money in a bank account, it just sits there.
Instead you could use that capital to increase your equity.
Even just the basic set percentage buy low sell high method will get you more than just hodling.

I'm sorry, but there is so much about your post that shows you have little understanding of the market or crypto.
Anticipated bull run?
What are you even talking about?
BTC was $3500 at the beginning of the year and is now at $10300.
That is absolutely insane growth.
We are right in the middle of a bullish year and you are still waiting for something to happen?

Also, recent price drops follow market trends normally.
In a supply and demand market, there will always be price corrections.
If I were you, I would seriously stop waiting and worrying and start to participate and take advantage of all of the money that can be made.

Well, altcoin is such a general label these days.
Techinically, it means anything besides bitcoin, so that's like thousands of different coins lol.

But if you look at the trend this year, you will see that btc has outperformed everything else by an insanely large margin.
Look at the past trading history of btc.
It always benefits the most, especially in bull runs.
Sure, temporarily there might be something that outperforms it.
But you have to realize that in order to cash out, you have to go through btc.
And it has always gone above and beyond.

Nowadays, prices crashing after the ICO or IEO is more about project health and development instead of dumping.
In fact, I would say that the vast majority of these new coins crash because there is no trading volume.
There aren't any buyers or sellers.
In that case, the price will quickly fall and never recover since a baseline was never established to begin with.
Also, with no demand or utility for the coin, you can expect it to never rise.

As far as the 40% discount goes, that is just bad tokenomics.
Highly inflated or deflated prices are never sustainable.
If there such a huge discount, then I would stay away from the project.

Well, there is a totally different way of looking at it.
If a brand new company was stupid enough to get scammed by a third party, then they deserve it.
And if you are stupid enough to invest in that kind of a project and you lose money, you deserve it.

Sounds harsh, but if a new company can't even handle their fundraising properly, then how on earth can they be successful later on.
People blame scammers, exchanges, bounty platforms and everything but don't realize the most basic thing:
The project was doomed before it even began.
It was doomed because of no innovation, no professional competency, no technical prowess, no business sense.
The vast majority of ICO/IEOs are like this.

Of course binance maintenance was a cause for the market to lose 25 billion dollars.
Imagine if NASDAQ or Dow decided to just shut down for a day for "maintenance".
It would totally throw the entire stock market off.
Commodities, securities, stocks, and yes, crypto are affected by second to second trading decisions and price fluctuations.
When the vast majority of a coins trading volume comes from Binance and it suddenly stops.
It will have a huge impact on its price in other exchanges.

But, a smart trader can take advantage of this through arbitrage or by even simply buying back in.
Temporary setbacks are exactly that: temporary.
The market will rise again just as quickly as it fell.

If I were to give a recommendation, actually, I would say that ICOs are not a good way to recover your investment.

The most straightforward way to recover your losses is to sell it and then reinvest.
Cut your losses and then use what is left to reinvest into one of the major coins that perform well (btc basically).

If you have lost so much that it's not even worth selling it, you can either wait or buy back in.
If you have hopes it will go up someday, you can buy more of the coin.
That will vastly decrease your cost per token which means when you eventually do sell it off, it will be easier.

Of course, you could just put aside a percentage of your income to regularly invest more into a stable crypto.
Bascially, if you lost money because you made risky decisions, than stop making risky investments and go with stable ones.

I would imagine that article itself made crypto look bad.
But I would suspect the article itself.
I mean, where did that number even come from? 60%? Sounds like a fact that was just made up.

The thing is, I don't think we really need mainstream people jumping into crypto investment.
I do believe that crypto will go mainstream, but I would rather have institutional money jump into crypto rather than the average person.
The stock market is mainstream, but it's not a good idea for everyone to jump into it.

One of the reasons why I believe it's bad is because it brings so much volatility.
Inexperienced traders always cause the market to become unstable.

No, I don't think that is a bad sign.
I think it's more of a sign that eth is trying to establish a new baseline.
Obviously, people still love it and support it, but there is a lot of speculation as to whether or not it can compete with the newer smart contract platforms.

My guess is that after it stabilizes, it will once again rise along with btc.
In the long term, eth has so much going for it that others just don't have.
It has market penetration, brand awareness, and the largest crypto network.
People will flock to it when they start to see bullish signals.

lol, I like how simple and straightforward your post is.
And, yes, nano is better.
Once you use it, you just never go back.
You really start to wonder why you ever bothered with fees or confirmation times at all.

The thing is, btc is where the store of value is.
So I do have quite a bit of nano that I actually use for transactions (typically, if someone asks for btc for a service or transaction they will almost always accept nano if you just ask).
But most of my profit has been from btc.
I used to make quite a bit flipping icos, but that's just not possible anymore.
So I grow capital using btc only for now.

I think your analysis is pretty correct.
But the real question is: will btc ever get 80% market dominance?
I don't think so.
BTC is already 9 years old and the crypto market is around 7 years old.

The market and tech has matured to the point where I think it's impossible for btc to have more than 70% market share
Right now, it seems like btc is the only thing that is doing well and just continues to dominate.
But other projects will come to rise and take big chunks of the market.
After all, btc is almost always only an entry point for investors.

In crypto, cheap is a very relative term since basically every coin can be divided into 8 digits:
For example, 1 btc is currently around $11400, but that can be divided into .00000001
One satoshi is less than a cent.

Also, the price of a coin is highly dependent on circulating supply and maximum supply.
So while something may seem expensive, if the circulating and maximum supply is low, than it can actually be considered cheap.


One more thing to consider is how high it is on coinmarketcap.
top 50 coins can be way overvalued even if the price seems low.

So these are all of the reasons why you should run numbers and compare instead of just going off of "cheap" coins.
Just targeting the ones that are like 10 cents or less isn't a wise strategy.

I think you point out some good things.
But really, the #1 safe way to invest in cryptocurrency is actually easier than all those things:

Don't invest more than you are willing to lose.

You need to see your investment as something you can completely lose.
It's not being negative, it's being practical.
If you see it that way, you will be much more smart in how much and when you invest.

and then, the #2 safest way to invest in crypto is to immediately pay yourself back as fast as you can.
If you invest $1000 dollars, your first goal should be to earn $1000 back and have some left over to trade more.
That way, after that, everything is a gain.

I think the major reason for KYC is for legal reasons.
The thing is, there really aren't any laws in any country that requires it for crypto yet.
And that's the key word: yet.
So although KYC is currently totally uneccesary, there is a high chance that it will get more regulated and possibly require some form of KYC in the future.
To protect against that, projects have KYC all the way through.

Also, it can help weed out scammers.
First off, it can make casual bounty hunters who aren't serious go away.
And it can help multi accounting.

But, despite all this, my own personal opinion is that it is totally unnecessary.
Every country that makes a new law doesn't do it retroactively, meaning, you aren't held accountable for things done before the law was made.

When it comes to user data, you need to assume that everything you use tracks data.
For exchanges (or any business) it is buried in the terms or user agreement somewhere.
But no one ever reads those, so most people don't know any better.
Data gathering and selling has become one of the most valuable commodities in the world now.
It's a trillion dollar market and no one even realizes it.

So yes, they make money from our data.
But, you shouldn't underestimate how much money they make off of fees.
In the case of changelly, it is the biggest swap exchange out there.
The trading volume is HUGE