I know most of the super newbies are here to participate in Altcoin Bounties and earn some money, but some bounties need you to have at least one merit. How to get merit, learn something and engage in conversations and give valid opinions. It may be boring to go through crypto terminologies and learn new stuff.
Therefore I thought to initiate something engaging, something fun (at lease in my mind!), this may flop, but I am trying anyway.
These are the rules.
- Let's assume you are given 1000USD and you must invest them in Crypto tokens/Coins whatever the way you need. You can not do day trading. You have to decide what are the coins/ tokens (Not necessarily only one type ) that you are going to buy and then hold them for one month.
- Neglect the Exchange fees, Gas Fees.
- You must provide a valid reason to buy those specific coins/tokens you selected. (Gut feeling is a valid reason, but if you can give proper reasoning I can send a merit on your way! )
- After one week You have to return that 1000USD back, if you made profit you can keep it ( Still hypothetically! )
My Train of thought behind this:
I myself wandered in the Altcoin section and blown away by the number of bounty reports. I thought whether these people really back these projects, do they know anything about it? Do they conduct even a quick research on these tokens before investing our time/ money on these projects? Let's do a quick little investigation, let's see how others chooses projects, how their thought process works. That is all!!
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Disclaimer:
I myself am a beginner, By any means I am not a trader nor expert.
The replies (If there will be any) are not finance advices!