Quote from: audaciousbeing on February 14, 2018, 09:14:06 AM

Quote from: perrysaico on February 14, 2018, 03:00:25 AM

This is an observation. It seems people who want extra money/passive income
engage with crypto not thru investing money but thru bounty and airdrop hunting.
I think this is not healthy for crypto market in general. Very few capital flowing in, but massive
cashouts.

What do you think?

Its unfortunate what the market has turned into and its not only based on your observation but what is currently happening. Today I see a lot of adverts all over in various public forums and groups with captions like 'get bitcoin for free by joining airdrops' all they need to do is register get the air drop the convert to bitcoin and cash out. This is not only leading to lots of capital flight in the market but also damaging its reputation because any venture that you don't have funds invested and some amount of risk attached, for all you care, it can collapse tomorrow.

I think the beginning of this is because of the advent of forks all over and the ability to create tokens from ETH without much effort. This give developers the room to get the popularity they want without having to spend a dime and cause people to either vote or asked the coin be listed on an exchange market and that settles it. But I am hope that this will pass too as anything free is just going to be ephemeral. There is no need to lose sleep over it.

Exactly, we share the same insight. If this continues, real crypto boom will have a hard to materialize

perrysaico

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