-snip- I have a friend who nearly made half a million of dollars by doing multiple bounties throughout that year.
Nearly made..., meaning he did or almost did?
Sorry for being fussy but I simply cant believe these stories, moreover during 2017. Worst year ever.
OP is the best example, seven hundred projects and only few proved to be something useful, only this small percentage was profitable for him and think how much time it took. Most likely it wasn't worth the trouble, quite significant portion of his life wasted on stupid, spammy telegram groups, chats etc. I have very similar experience, only my sample group is much smaller.
Some hope was put in to KYC, it was believed that it can change something, that dumpers will become less likely to "infest" bounty groups, it obviously failed and nothing has changed. Probably never will but I truly want to be wrong.
I took me a lot of time to complete all the bounties but now I realized that maybe is was not in vain.I learned a lot from this experience about smart contracts, exchanges, partnerships and so on and I'm thinking to start my own community token project.This idea was stuck in my mind for a long time, is there somebody that would like to be the team of a new cryptocurrency, we can share ideas, plan the development, I would love to know what you are looking mainly in a community coin.I want to start everything from scraps since I don't have a huge amount of money, I'm thinking to distribute a huge percent of it to the community and create it with a voting system(the users can decide what is the future of the token) if somebody is interested or have any opinion about it please reply in the thread or contact me in pm.
When I started in this world, I participated in a good project, where I had no idea how the market was moving, my thought was always optimistic, if it goes down a little, that will increase ... There were many people with more experience than me, but not in the market as operators, this was November 2017, just when Bitcoin began its bullish phase, in fact, I can not accumulate many coins, if it reached 500 coins it was enough, others people had around 18k, 20k .. I started when they were worth 1 USD and the maximum value reached 20k, and I realized that all, most were not merchants, because they did not sell! They faithfully believed that the price should continue rising. After the market fell, and the currency crashed than 1 USD.
This led me to read many books in which I learned that the phases of the market are very clear (Accumulation, Trend, Distribution). Now, in this general phase of the market, we are in the accumulation. If you have currencies whose prices must be very low, you should now more than ever keep them, and wait for the market to recover, I am sure that your coins will also do so.