Crypto Rant
This may not be a value add post but I believe there will be many Steemians who will identify with and feel my pain
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I have spent a lot of time researching and investing in cryptocurrency projects over the past two years. In this current bear market I believe there are many excellent opportunities to supplement ones pension, especially amongst the "third" generation projects.
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Now here is the thing .... after raising millions of dollars a project will release their token and get it listed on a variety of exchanges. .......
BEFORE THEY HAVE A WORKING WALLET LEAVING ONE TO THE TENDER MERCIES OF THE EXCHANGES
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I am not an Ethereum fan so do not readily invest in ERC-20 projects so a generic wallet does not suit me. I have some legacy Ethereum projects tokens which I keep in my Eidoo wallet (most underrated wallet I believe) but these are not going to be three to five year HODL's.
The ones I have nbeen stockpiling these past two months are mainly 3rd generation blockchain type projects and Digital Asset unit store type stuff... and only one has just released it's beta wallet after almost 8 months on exchanges.
Your post @themagus is very valuable to us all.
this is amazing, have a nice day and always make yourself successful, I will always support you, because I am amazed with your kindness.
I will upvote and restem
I really have stayed away from tokens, partly because many of the seem to want funding based on zero working code.
Prove it works technically, then let's see if the business model is viable, then I might put some hard earned into it.
Well, I'm just waiting for a better time. My Deposit is very poor looks like, so I'm not panicking. Not panicking. I just believe in the future of crypto and wait for the moment when they will rise to the top again, overcoming all obstacles in their path.
I am doing the same, but sometimes it is difficult to believe {smile} .. I think we are at the despair and capitulation phase ... hopefully August we start recovering.