Lately the cryptosphere has been booming not only for the techies, risk takers, anarchists and other fringe or outside of the mainstream but also some normal people, which means that, as the attention and interest pours in, there are also some aspects to be weary off.
Which brings me to the first topic of...
Pump and Dumps
If you're not familiar with the term, Pump and Dumps are organized events to buy certain coin and sell it once the wave of outside investors come in and there's profit to be taken. It sounds good in theory which made me try one of these groups a few hours ago. Since I didn't have much invites I only got the warning of the coin about half a minute late. It may seem just a moment but it's a lot in a coordinated PnD so if you don't get in as quick as possible (it also requires some practice in trading in the exchange which I didn't have) you start buying in the middle or end of the wave. And if you're not quick to dump, which implies selling it once the target is approached or you feel comfortable doing so you may get burnt. I did try with a relatively small amount and I didn't lose much, in fact, in the middle term it may even turn out to be a good purchase but who knows, right? :)
From a trading perspective it's rather risky and if you're mostly a HODLer like I am and you're just starting to learn the ropes of trading (and trust me, there's quite a lot to be learnt there) you should try to do trades in a bigger scope of time like a week or even a month to begin with and learn your TA (Technical Analysis) before that.
Exchanges
The more people are getting in on Crypto the more the demand for more exchanges. Asides from EtherDelta that is decentralized and is a good opportunity to buy new ERC20 tokens that are not yet in any other exchanges, chances are you're using a centralized exchange such as Bittrex or Bittfinex. Unfortunately, and for the time being, we don't have many reliable and easy to use alternatives to centralized exchanges which makes the crypto aspect of decentralization a bit cast aside. Since you're not in control of the private keys you're actually trusting a third party to hold your assets. I personally suggest dividing your assets to wallets if they're long term holds you don't plan on selling for quite a long time and the other part that you use for trading you should divide between 2 or 3 exchanges. And here's why:
- Most exchanges don't have all the trading pairs so it's quite likely you're not going to have all options in just one exchange;
- Arbitrage between exchanges (lower prices to buy, higher to sell) can create a good opportunity to trade;
- It divides your risk so if one exchange gets hacked you don't lose all your trading funds.
Shady ICOs
There are lots of amazing projects with real possibility to make through and change the world for the better and make the early adopters and investors quite rich or wealthy. But that's a small minority just like any startup project; most of them are either scams or just blatant fails with lots of hype yet no product or reliable idea.
@kriptonoob made a couple of insightful posts about how to pick successful ICOs, I suggest the read if you're planning to dive into this risky world ;)
Referrals
Referral codes are only as good as what is behind them. Downright ponzi and pyramid schemes use them as their non-existent business model as a way to sucker in more customers. HOWEVER, referral codes are also being used in new exchanges (centralized unfortunately, we have to deal with it a bit longer people...) such as Binance and Kucoin which lots of you have probably heard about.
In Binance's case it's a simple referral where you get some of the trading fees of the person who uses your link to join in. In Kucoin's case however it's a bit more intricate in terms of percentage rewards and so on. This video explains well how it works.
So, to sum up, these referrals that the new exchanges are using are a win-win-win situation: The exchange gets more users (Binance exploded in terms of users as you may know), the person who sends out the link gets some rewards from the trading fees and the other person gets informed of a new exchange without any problem on his end.
Exchange coins
Continuing the topic of Binance and Kucoin they both have their own coin: Binance Coin (BNB) and Kucoin Shares (KCS). In my opinion that legitimizes the business and gives more trading opportunities to the users who also get some incentive by holding the coin (at least in KCS at Kucoin, not sure about BNB) in the form of small airdrops of other coins traded on the platform.
https://coinmarketcap.com/currencies/binance-coin/
https://coinmarketcap.com/currencies/kucoin-shares/
I hope you find some value on my rants and simple explanations and if you want to join in on Kucoin and Binance (I heard Binance is not taking new users unless you have a referral code but I might be wrong) and a new exchange that is going to be launched this month, Upcoin (it "gives" out $500 worth of discount in future trading fees by just filling out a short survey so it has some value if you're a heavy trader), you can use my referral codes :)
https://www.binance.com/?ref=10271268
https://www.kucoin.com/#/?r=E36-FU
upcoin.com/?ID=bb58a2d6
Looking forward to your feedback!
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Does it really hurt you so much to see that someone has a different opinion than you that you need to downvote every single post?
Downvotes arent meant for disagreements, they are meant for spam, plagiarism, and illegal things like child porn.
I think you are porn addicted denerate but at least I respect your right to be one.
Learn to accept people's right to speak. How would you like it a bunch of christians joined dtube and downvoted you into oblivion.
People like you are whats going to keep steemit from succeeding unless people on here start thinking about the way they operate.
Because you're obviously a troll with absolutely no backing on what you're saying, you just want to rile people up and I think it's more than fair that I flag you as spam when you try to belittle everyone just by trolling and having other idiots upvoting you. Had you not put stuff in the "vegan" tag just to provoke I'd probably not even heard or see anything from you the same way no Christian would ever downvote me because I don't use the "Jesus" tab or "religion" or "Christianity" nor anything like that. The fact that you even took the time to go through my feed and comments (that are posted in the respective section they should be, unlike yours) proves my point even further that you're pathetic.
I put the vegan tag because the topic is veganism.
Who did I belittle? Vegan gains? The guy who made fun of furious pete for getting cancer? THe guy who viciously made fun of lex fitnesses wifes appearanc for no reason? The guy who who recorded his grandfathers death so he could put it on youtube and say how he deserved the heart attack for eating meat?
Or did I belittle askyourself who does nothing but make videos belittling people who disagree with him?
Using your metaphor. What if you wanted to write an article about how christians are trying to enforce their morals on society? Would it be inappropriate to tag your post with christian?
Are you so fragile with your convictions that you cant handle a different opinion than your popping up when you search vegan? My topic is veganism so vegan is the appropriate tag. Vegans don't own the vegan tag. This isnt a vegan subreddit. Its a forum for discussion.
No, the topic you're trying to put is merely just making fun of people and it is indeed in the wrong section, that's why I flagged you and if you check the reasons as to why it should be flagged, that's one of the reasons together with plagiarism and spam. If you want to talk about Vegan gains (I assume that's a YouTuber from what you say) there are certainly other tabs. Someone who does all those stuff you said is not a good person, in spite of being vegan or not so it's still not the appropriate tab.
If I wanted to do such an article (which I don't see the point because it's mostly untrue from what I see) I'd do it in a more civilised way and, once again, not needing to use the Christianity tab (organised religion, morals, ethics, liberty and so on would be more than adequate for that purpose) .
And you didn't aim for a civilised discussion or anything of the sorts and you know that. Your only intention is to troll which is perfectly in your right but don't expect to not have consequences like being downvoted. If you post a YouTube video that people don't like they'll also downvote you, same thing here, specially if you do it with that sort of attitude right away
Youtube downvotes have nothing to do with censorship. Youtube is a centralized platform that censors content bsed on its own authority. Steemit is very different. Content is censored through downvotes and downvotes based on disagreeing with someone are not proper uses of the downvote. Here is a quote on when NOT to downvote. from the following link
https://steemit.com/steemit-howto/@cyrano.witness/about-downvoting
"What not to
Since downvoting is a kind of censorship, it must be applied with care.
Do not downvote content that expresses a different opinion than your own. Its author has the same right to free speech that you have. Feel free to post your own opinion in a comment instead, or in a separate post.
Do not downvote content simply because you dislike its author. In particular, don't downvote a post just because its author downvoted one of yours. That's childish."
You are completely wrong in stating it is not the appropriate tab. It is common consensus on here for everyone except vegans that you do not have to agree with the majority of people who use a tab in order to post to that tab.
For example, it is common to post issues one has with steemit under the steemit tab. People disagree constantly but such posts do not get downvoted into oblivion since, as you can see above, doing so goes directly against steemit's ethical code.
In regards to your claim that what I was doing was simply trolling, this is invalid. I cited commonly accepted medical knowledge on vegan gain's condition and provided analysis as to why I believe it to have been caused by his vegan diet. Stating one's truthfully held opinion cannot be labelled as simply trolling.
That being said, trolling is a completely legimitate form of free speech either way.
The only troll here is you. The person who believes it is justified to censor someone over differences in opinion.
Steemit's ethical code as in one guy who made a post 2 years ago. But even then it's said that you can downvote stuff that is in the wrong tab and yours was because you didn't want any kind of discussion, you just wanted to trash talk. That's why you, even now, are not offering any arguments but only contest the downvote itself. You knew exactly what you were doing when you put it in the vegan tab. Sure there are people who might have reservations and even disagree but they make a civilised discussion so I'd say that's acceptable. In your case it was just clickbait nonsense.
And YouTube downvotes may not have anything to do with censorship (although YouTube itself does that by demonetizing and so on) but it's a user's right to downvote something they don't like. The same way they can upvote if they enjoy the content but they're not censoring anyone by downvoting and neither do the users here on Steemit. Of course that if you get a lot of downvotes your content won't be as visible but that makes sense, imo.
This isnt one guy, this is something that has been discussed extensively and almost everyone agrees on.
Anyway. Here is the ultimate question at hand.
Just because my video triggered you doesnt make it clickbait nonsense. How is it clickbait when everything in my title and description was legitimately discussed in my video? Except baby else which is obviously a joke.
If all of my videos surround the topic of veganism that means veganism is the main subject of my content. Why should I not be able to tag my video with its central focus?
Isnt the point of a tag to give a one word description of the central focus of your content? If so that is what I did.
If an atheist makes an anti religious video, wouldnt the main topic of their content be religion? How is that any different from what I did?