Recovery after extortion

Extortionist is a computer malicious virus that blocks your system and requires ransom to unlock your files. In fact, there are two different types. First, PC-Locker, which locks the whole machine, and Data-Locker, which encrypts certain data but allows the machine to run. The main goal is to get money from the user, which is usually paid in a cryptocurrency such as bitcoin.

Identification and decryption

You will first need to know the last name of the ransomware program that infected you. It’s easier than it seems. Just locate Malwarehunterteam and upload a ransom note. He will detect the last name and will often guide you through the transcript. If you have a family name that matches the note, the files can be decrypted using Teslacrypt 4.0. You must first set the encryption key. Selecting an extension added to encrypted files will allow the tool to automatically set the master key. If in doubt, just choose <як арыгінал>.

Data recovery

If that doesn’t work, you’ll need to try to recover the data yourself. But often the system can be too damaged to get much back. Success will depend on a number of variables such as operating system, partitions, file overwrite priority, disk space processing, etc.). Recuva is probably one of the best tools available, but it’s best to use it on an external hard drive rather than installing it on your own OS drive. Once installed, just run a deep scan, and hopefully the files you are looking for will be restored.

New ransomware encryption focused on Linux systems

Known as the Linux.Encoder.1 malware, personal and business sites are under attack, and decrypting files requires a bitcoin fee of about $ 500.

The vulnerability in CMS Magento was discovered by attackers who quickly took advantage of the situation. Although a critical vulnerability patch was released for Magento, it was too late for those webmasters who woke up to find a message that included a scary message:

“Your personal files are encrypted! Encryption was done with a unique public key … to decrypt the files you need to get a private key … you need to pay 1 bitcoin (~ 420 USD)”

It is also speculated that attacks could have taken place on other content management systems, making the number of victims unknown.

How malware strikes

Malware gets through execution with administrator levels. All home directories as well as related website files have been damaged by 128-bit AES cryptocurrency. That alone would be enough to do a lot of damage, but the malware goes further in that it then scans the entire directory structure and encrypts different files of different types. Each directory into which it enters and harms through encryption is dropped a text file that the administrator first sees when logging in.

There are certain items that malware looks for, and these are:

  • Apache installations

  • Nginx settings

  • MySQL installations that are located in the structure of the target systems

The reports also seem that magazine directories are not immune to attack, as is the content of individual web pages. The last places he hits – and perhaps the most critical – include:

  • Executable windows files

  • Document files

  • Program libraries

  • Javascript

  • Active server file pages (.asp).

The end result is that the system is kept for ransom, and businesses know that if they can’t decrypt the files themselves, then they have to either give in and pay the claim, or have serious downtime for an unknown period of time.

Presented requirements

Intruders dump the README_FOR_DECRYPT.txt text file into each encrypted directory. A payment request is the only way to decrypt through a hidden site through a gateway.

If an affected person or company decides to pay, the malware is programmed to start decrypting all the files and then starts eliminating the damage. It seems that he decrypts everything in the same encryption order, and the farewell photo deletes all encrypted files, as well as the ransom note itself.

Consult specialists

This new ransomware program will require the services of a data recovery specialist. Be sure to let them know of any steps you have taken to recover the data yourself. This can be important and will undoubtedly affect your level of success.


Bitcoin Exchange Review

Technology is advancing by the day and by the day. It daily introduces new terms and systems for business and communication. The Internet has made a great contribution to this development; especially when it comes to business. Online trading or online currency trading has recently attracted many traders. One common form of online trading is the Bitcoin Exchange.

What is Bitcoin?

The Bitcoin exchange is a new money system for the Internet that works on the concept of digital currency. It initiates a peer-to-peer payment system for individuals who do not have a central authority. The new concept of cryptocurrency, originally introduced in 1998, is used. Cryptography controls the creation and transactions of digital money. Bitcoin runs through a software system and has no central control, so it is equally managed and controlled by its users around the world.

The work of the Bitcoin exchange

With bitcoin exchange you can work the same way as with any other type of currency exchange. Just like working with banks, making transactions through Bitcoin Exchange is easy. Like physical trading, the user has to pay for the purchase of bitcoins. The difference is that a person has to open an account in some Bitcoin Exchanger. The paid asset of the user will be available in the form of digital currency, which can be used to purchase any type of goods. Bitcoins can also be exchanged with other bitcoin holders. This system works similarly to the exchange of money in banks.

Making transactions

In almost all payment systems, payments can be canceled after a transaction via PayPal or credit cards. But with bitcoin, the situation is changing, because after the transaction can not be returned or canceled. So be careful when exchanging bitcoins for currency, because you may face problems with refunds. It is preferable to share with other bitcoin holders near you.

The benefits of the Bitcoin exchange

Bitcoin currency exchange is quite new. It is a kind of basic software payment system where you make transactions digitally. Here’s how it can benefit you:

· Do transactions faster than other systems

· Always available for transactions

· Make transactions from anywhere in the world

· Make transactions more secure

· Carry out transactions without the intervention of any third party

· Monitor all transactions from home PC or smartphone

· Buy any type of asset using bitcoin

Disadvantages of Bitcoin

Bitcoin exchange is an innovation in the world’s economic systems. At practical use some lacks are found out also. Some of them are as follows:

Ø Admission to the market

The number of bitcoin users is growing, but it is still not a widely used currency or exchange system. His level of recognition in financial matters is still low.

Ø Instability

Because bitcoin is not commonly used, it is not a stable currency. However, it is hoped that this instability will decrease as the list of users and the number of bitcoins on the market will be used more easily.

Ø Partial development

The big problem is that Bitcoin software is still in beta, and there are a number of imperfect features that still need to be fixed. New modules are under development to make bitcoin exchange more secure for everyone.


Fear and greed in the market

Greed and fear.

Two emotions that play a bigger factor in people’s success or failure than any other emotion we experience. Both fear and greed are related to the inner emotional state. Tens of millions of dollars have been earned and lost on the basis of these 2 emotions alone. In trade, in business and in relationships. So why are so many educational courses, stock books and online courses avoiding this topic together?

Perhaps they do not avoid the topic of emotions. Perhaps by teaching their readers certain techniques and skills, they are actually dealing with the emotional side of trading!

It is well known that emotions create a certain amount of pleasure or displeasure. It is also known that emotions are related to mood, mood, desires and passion. The list goes on … So how do we as individuals develop the skill set to navigate these emotions in business, commerce and life?

Charles Darwin argued that emotions actually serve purposes for people, and this is true when our emotions have evolved over 2 million years. Shouldn’t we use these amazing skills to our advantage rather than blaming them for making bad decisions? I believe that bad decision-making has nothing to do with emotions, and is all about laziness and lack of planning.

A lesson from one of the great ones!

I would have done my readers a disservice if we hadn’t mentioned Warren Buffett’s strategy. One of the most successful investors of our time. Warren Buffett followed his strategy and made big profits. Warren Buffett showed us how important and useful it is to follow a plan. When deciding whether to invest in a company or not, Buffett and his partners follow a few simple guidelines, one of which involves trying to determine the longevity of the company.

If the market is full of greed, the same thing can happen with fear. If stocks suffer large losses over a long period of time, the overall market may become more afraid of sustaining even further losses. But being too scared can be a serious mistake. It is at this time that successful investors and traders make their move. Real money is earned here.

Just as greed dominated the recent cryptocurrency boom or fear dominated the headlines about the potential outcomes of a trade war, investors are rapidly moving from one “safe” investment to another. It becomes a constant game of cat and mouse.

This flow of money into the stock market shows a complete disregard for many technical indicators that keep shouting that a correction is inevitable. Retail investors seem to be thrilled with the headlines that sound for ALL HIGH TIME. Should retail investors be overwhelmed by the fear of a major correction ?. Sure, losing a significant portion of your retirement portfolio is a heavy pill that is hard to swallow, but even harder to digest the opportunity to miss out on the huge profits that the market is currently offering to investors of all skill levels.

A clear understanding of my personal goals, an understanding of my success and creating a list of my own desires and needs rather than the dreams of others and trying to achieve them, has become a colossal factor in extinguishing the fire of greed in my own trade and daily decision making.

I also added a link to the books “Must Read” that were helpful in my way of dominating my emotions when making decisions. I will update this as I see fit ..

One method I found useful was to carefully measure success, wealth, goals, and most importantly, happiness. Nowadays it is very easy to allow external influences to affect our happiness and success. Social networks undermine us every day with the success of others.


Make money with Fiverr – 3 tips

In today’s “concert economy” Fiverr has risen rapidly and become one of the most significant opportunities for young people.

Ease of use, large audience and a large pool of very talented suppliers have made it the perfect solution for entrepreneurs with all sorts of opportunities, allowing people to earn everything from a decent life to a huge full-time income.

To that end, if you’ve heard of Fiverr or are looking for how it can help you make the most of your time and skills – this is definitely an opportunity worth a look. This tutorial will explain what Fiverr really is, how it works and what it means for vendors working around the world.

Founded in 2012, Fiverr has grown to more than 3 million facilities, headquartered in Tel Aviv, Israel. The name of the company comes from the starting price of each of its facilities ($ 5) – although a common mistake is that this is the “only” price at which you can list your services. The reality is that you can list services for up to $ 1,500. The price of 5 dollars is just a symbolic starting fee.

The way the system is is to give “providers” the ability to list their services as “gigs”. At these concerts, vendors promise to perform tasks ranging from digital marketing to creative writing for a nominal fee.

The customer will pay the supplier, the money is kept in Fiverr until the work is completed. The supplier then has a certain amount of time to provide the customer with their work. The customer can then request changes or simply rate them as “stars” for the service they receive.

The most important thing to remember about the Fiverr business model is that it is short and sharp. People go there for “simple” work, and for too ambitious, as a rule, will not pay. Although it started out as an easy way to make money quickly, being a student with difficulty, it quickly grew into the huge platform we see today.

Some of the most popular services purchased on Fiverr are copywriting and creative article writing. People want native English-speaking authors to create the “perfect” copy for their product lists, websites, and shared business portfolios. Providing these services on the platform gives you a direct way to earn an extra couple hundred dollars at a relatively small cost.

If you’re wondering how this works, there are 3 tips you can use to move forward on the platform.

  1. Be personal

    The most important thing (for long-term growth) is to be personal. Using your face, credentials and real portfolio is one of the most important ways to make progress on a website. While you can make progress by being anonymous – or hiding behind a company name – this is a much better option to make sure you invest in yourself. Some of the most prolific sellers on the site are people who simply entered their credentials and offered a service.

  2. Sell ​​what you know

    Instead of trying to copy what other people are doing, sell what you * know. It will take a few tries to get a gig that people will be actively looking for (e.g. my friend was a financial guy and I organized a Fiverr gig for him to sell articles on “cryptocurrency” – orders started coming in pretty quickly). The most important thing to say is that when you try to “fit in,” you are, in fact, ending up chasing a job that isn’t really your strength. Instead, you really need to put your best into it creatively (to get people to look for you).

  3. Always experiment / test

    Finally, you need to keep trying new gigs, new ways to promote your work and new ways to reflect on what you’ve been doing before. There is no point in stagnating because you are just wasting time and getting nowhere.

The most important thing to remember is that you can sell what everyone buys (which usually leads to short-term success). If you have the right skills, you can use the Fiverr capability to provide yourself with the opportunity to enhance your core brand.


Bitcoin Buying Guide – An easy 3-step guide to buying your first Bitcoin

Looking for a guide to buying bitcoin? I wonder where to start? People have many misconceptions about bitcoin – the very first cryptocurrency widely known and accepted worldwide.

Many people think, for example, that they are used only by hackers and clever people. However, bitcoin is actually becoming mainstream for everyone, from TigerDirect to to Dell and even Subway, who accept bitcoin payments.

Why so popular?

Well, bitcoin has many advantages over other currencies. For example, you can send someone a bitcoin as payment without contacting a bank intermediary (and get extra fees). It is also much faster than sending money through a bank transfer or wire transfer. You can send bitcoin to someone and get them to get coins in seconds.

With all this, it is not surprising that many people are now trying to buy bitcoin for the first time. However, it’s not as easy as going to your bank and withdrawing bitcoin – or going to the store and earning hard-earned money.

The system works a little differently. This guide to buying bitcoin will cover a few things you need to know before you buy – so you can buy safely and securely.

First, although the price may exceed $ 2,000 per coin, you don’t need to buy a whole bitcoin. In most places you can buy portions of bitcoins for only $ 20. So you can start small and go from there when you become more comfortable with how things work.

Second, this article is for general purposes only and should not be construed as financial advice. Bitcoin can be risky, and before buying you should consult with your financial advisor to find out if it is right for you.

So, here are 3 easy steps to buying bitcoins:

# 1 Get a Bitcoin Wallet

The first thing to do before buying coins is to get a virtual wallet to store the coins. This wallet is a text string that people can use to send you bitcoins.

There are a number of different types of wallets, including the ones you download to your phone or computer, online wallets and even standalone wallets for cold storage.

Most people prefer to have a wallet on their phone or computer. Popular wallets include Blockchain, Armory, Bitgo MyCelium and Xapo.

It is usually as simple as downloading a wallet to your phone as a program or downloading software to your computer from the main wallet website.

# 2 Decide where to buy

There are several types of places you can buy and each one is a little different. There are online sellers who will sell you bitcoin directly for cash (either bank transfer or credit card).

There are exchanges where you can buy and sell bitcoins from others – similar to the stock market. There are also local exchanges that connect you with sellers in your area who want to sell.

There are also ATMs where you buy cash and get coins in your wallet in minutes.

Every bitcoin seller has its advantages and disadvantages. For example, ATMs are great for privacy, but they will charge you up to 20% of the current price, which is ridiculous. (At BTC $ 2000, that’s $ 400! So you pay $ 2400 instead of $ 2000).

No matter where you decide to buy, be sure to research and contact a trusted seller with a good reputation and strong customer service. The first buyers especially have questions and may need additional support to help them with the first transaction.

Take your time and explore the different places where you can buy before making a decision. Factors to consider include coin prices, surcharges, payment method and customer service.

# 3 Buy bitcoins and transfer them to your wallet

Once you have found a place to buy, prepare your funds (i.e. you can send a bank transfer or use Visa to top up your account). Then expect a good price. (Bitcoin prices always fluctuate 24 hours 7 days a week). Then place your order when you are ready.

Once your order is filled and you have the coins, you will want to send them to your wallet. Just enter your bitcoin address and get the seller to send you your bitcoin. You should see them in your wallet within minutes to an hour (depending on how fast the seller ships them).

Voila, you are now the owner of bitcoins. Now you can send coins to pay for other goods and services or stay on them for a rainy day.

And the last thing to remember: bitcoin is still in its infancy. There are huge price fluctuations, and currency can be risky. Never buy more bitcoins than you can afford to lose.


Crypto TREND – second edition

In the first edition of CRYPTO TREND we introduced cryptocurrency (CC) and answered a few questions about this new market space. Every day in this market a lot of NEWS. Here are some highlights that give us an idea of ​​how new and exciting this market is:

The world’s largest futures exchange for creating futures contracts on Bitcoin

Terry Duffy, president of the Chicago Mercantile Exchange (CME), said: “I think sometime in the second week of December you will see our [bitcoin futures] contract for listing. Today you can’t short bitcoin, so there is only one way. You either buy it or sell it to someone else. So you create a two-way market, I think it’s always much more efficient. ”

CME intends to launch bitcoin futures by the end of the year pending regulatory review. If successful, it will give investors the opportunity to go “long” or “short” on Bitcoin. Some stock market vendors have also filed applications for bitcoin ETFs that track bitcoin futures.

These developments can allow people to invest in cryptocurrency space without having direct CC rights or using the services of a CC exchange. Bitcoin futures can make a digital asset more useful by allowing users and resellers to hedge their currency risks. This could increase the spread of cryptocurrency by traders who want to accept payments in bitcoins but fear its volatile value. Institutional investors are also accustomed to trading in regulated futures that do not suffer from money laundering.

The CME move also suggests that bitcoin has become too big to ignore, as in the recent past the exchange seemed to have ruled out crypto futures. Bitcoin is all that everyone is talking about in brokerage and trading firms, which have suffered against the background of growth, but unusually calm markets. If futures on the exchange soared, it would be virtually impossible for any other exchange, such as CME, to catch up, as scale and liquidity are important in derivatives markets.

“You can’t ignore the fact that it’s becoming more and more a story that won’t go away,” Duffy said in an interview with CNBC. There are “major companies” that want to access bitcoin, and there is “huge deferred demand” from customers, he said. Duffy also believes that attracting institutional traders to the market could make bitcoin less volatile.

The Japanese village will use cryptocurrency to raise capital to revive the municipality

The Japanese village of Nishiawakura is exploring the idea of ​​holding an initial coin placement (ICO) to raise capital to revive the municipality. This is a very new approach and they may ask for support from the national government or seek private investment. Several ICOs have had serious problems, and many investors are skeptical that any new token will have value, especially if the ICO turns out to be another joke or scam. Bitcoin, of course, was no joke.

Initial coin supply – (ICO)

We didn’t mention ICO in the first edition of Crypto Trend, so let’s mention that now. Unlike an initial public offering (IPO), when a company has a real product or service for sale and wants you to buy their company’s shares, an ICO can be held by anyone who wants to initiate a new Blockchain project with the intention of creating a new token on their chain. ICOs are unregulated, and some have been outright falsified. However, a legitimate ICO can raise a lot of money to fund a new Blockchain project and network. It is typical for an ICO to generate a high token price near the beginning and then return to reality soon after. Because ICOs are relatively easy to hold if you know the technology and have a few bucks, there were a lot of them, and today we have about 800 tokens in play. All of these tokens have a name, they are all cryptocurrencies, and with the exception of very well-known tokens such as Bitcoin, Ethereum and Litecoin, they are called alt coins. At this time, Crypto Trend does not recommend participating in the ICO, as the risks are extremely high.

As we said in Issue 1, this market is now a “wild west,” and we recommend being cautious. Some investors and first users have made big profits in this market space; however there are many who have lost much or all. Governments are considering the rules because they want to know about every deal to tax them. They all have huge debts and no money.

So far, the cryptocurrency market has avoided many government and conventional banking financial problems and pitfalls, and Blockchain technology can solve many more problems.

A remarkable feature of bitcoin is that the authors have chosen the finite number of coins that can ever be generated – 21 million – thus ensuring that this cryptocurrency can never be inflated. Governments can print as much money (fiat currency) as they want and inflate their currency to death.

Future articles will discuss specific recommendations, however, make no mistake, early investment in this sector will only be on your most speculative capital, money you can afford to lose.

CRYPTO TREND will be your guide when and when you are ready to invest in this market space.

Stay tuned!


Crypto TREND 2017-01

Everyone has heard how bitcoin and other cryptocurrencies have made millionaires those who bought a year ago. Profits of 1000% and more are not just possible, it has been a commonplace for many of these cryptocurrencies. Anyone who bought bitcoin in May 2016 for less than $ 500 would get a 1,400% increase in about 17 months. Then over the last few days we have seen that bitcoin has lost almost $ 1,000, so to say that these cryptocurrencies are unstable would be a significant understatement.

Since the creation of bitcoin in 2008, we at Trend News have been skeptical about the survival of cryptocurrencies, given that they pose a very obvious threat to governments that want to see and tax all transactions. But while we can still be wary of real cryptocurrencies, we are very aware of the potential of the underlying technology that drives these electronic currencies. In fact, we believe that this technology will be a significant destroyer in the way data is managed, and that it will affect all sectors of the global economy, just as the Internet has affected the media.

Here are some questions and answers to get you started …

Q: What is a cryptocurrency?

The most famous cryptocurrency (CC) is BITCOIN. It was the first CC launched in 2008. Today, there are over 800 CCs, including Ethereum, Litecoin, Dash, Zcash, Ripple, Monero, and they are all “virtual”. There are no “physical” coins or currency.

Q: How do CCs work?

CCs are virtual currencies that exist in very large distributed databases. These databases use BLOCKCHAIN ​​technology. Because every Blockchain database is widespread, it is believed that it is immune to hacking, as there is no central point of attack and every transaction is visible to everyone on the network. Each CC has a group of administrators who are often referred to as “miners” who check transactions. One CC called Ethereum uses “smart contracts” to verify transactions. Crypto TREND will tell more details in upcoming news releases.

Q: What is a BLOCKCHANE?

Blockchain is the technology that underlies all CCs. Each transaction for buying, selling or exchanging CC is entered into a BLOCK that is added to the chain. This technology is complex and will not be explained here, but it can revolutionize the financial services industry because transactions can be performed quickly and easily by reducing or eliminating fees. The technology is also being studied for application in many other industries.

Q: Are CC exchanges regulated by the government?

For the most part, the answer is NO, which, for some users, is a big attraction of this market. It is now a “wild west,” but governments in most developed countries are studying the market to decide what regulation may be needed. An important decision is to treat CC as a currency or commodity / security. Canada and the US have so far stated that CCs are legal, however the situation remains unchanged with regard to reporting and tax implications. Crypto TREND will monitor and report on these events.

Q: How to invest in this market?

You can buy, sell and exchange CC using the services of specialized “Exchanges”, which act as a broker. You start by choosing to exchange, set up an account and transfer fiat currency to your account. You can then place orders to BUY and SELL CC. There are many exchanges around the world. Opening an account is fairly simple, and all of these exchanges have their own rules on initial funding and withdrawals.

Crypto TREND will recommend CC Exchanges in the future.

Q: Where can I store CC?

To have the freedom to move cryptocurrencies and pay bills, you will need a digital wallet. These wallets are available in several formats such as desktop, cloud, hardware (USB), mobile phone and paper. Many of them are FREE, however security is an important factor as no one will ever want to lose their wallet or steal it. Crypto TREND will recommend digital wallets in the future.

Q: What can I do with my CC?

In addition to investing in CC products, you can also use cryptocurrency for certain financial transactions such as remittances and bill payments. The list of companies that accept cryptocurrency is growing rapidly and includes major ones such as Microsoft, GAP, JC Penny, Expedia, Shopify,, Dish Network, Zynga, Subway and WordPress.

Q: What’s next?

Starting, we will keep each of the Crypto TREND articles short and keep the scope of each as narrow as possible. As we noted earlier, we believe that cryptocurrency technology will change the game and such potential investment opportunities will appear once or twice in a lifetime. Make no mistake, early investing in this sector will only be on your most speculative capital, money you can afford to lose.

Even if you don’t want to invest at this time, an early understanding of this new destructive technology will put you in a good position to profit from our recommendations as we move forward.

Expect more news and specific recommendations from Crypto TREND when we embark on this journey into what may at first seem like an alien jungle. This is a volatile market and it may not appeal to all investors, however Crypto TREND will be your guide when and when you are ready.

Stay tuned!


How to trade cryptocurrencies – Basics of investing in digital currencies

Whether it’s the idea of ​​the cryptocurrency itself or the diversification of its portfolio, people from all walks of life are investing in digital currencies. If you are new to this concept and you are wondering what is going on, here are some basic concepts and considerations for investing in cryptocurrencies.

What cryptocurrencies are available and how to buy them?

With a market capitalization of about $ 278 billion, bitcoin is the most famous cryptocurrency. Ethereum ranks second with a market capitalization of more than $ 74 billion. In addition to these two currencies, there are a number of other options, including Ripple ($ 28 billion), Lightcoin ($ 17 billion) and MIOTA ($ 13 billion).

Being the first in the market, there are many exchanges for bitcoin trading around the world. BitStamp and Coinbase are two well-known exchanges in the United States. is an established European exchange. If you are interested in trading other digital currencies along with bitcoins, then on the crypto market you will find all digital currencies in one place. Here is a list of exchanges according to their 24-hour trading volume.

What money storage options do I have?

Another important point is the storage of coins. One option, of course, is to keep it on the exchange where you buy them. However, when choosing an exchange you need to be careful. The popularity of digital currencies has led to the emergence of many new, unknown exchanges. Take the time to exercise due diligence to avoid scammers.

Another option that you have with cryptocurrencies is that you can store them yourself. One of the safest options for storing your investment is hardware wallets. Companies like Ledger allow you to store bitcoin and several other digital currencies.

What is a market and how can I learn more about it?

The cryptocurrency market fluctuates greatly. The changing nature of the market makes it more suitable for long-term gaming.

There are many established news sites that report on digital currencies, including Coindesk, Business Insider, Coin Telegraph and Cryptocoin News. Aside from these sites, there are also many Twitter accounts that write about digital currencies, including @BitcoinRTs and @AltCoinCalendar.

Digital currencies aim to destroy the traditional currency and commodity market. Although there is still a long way to go before these currencies, the success of bitcoins and Ethereum has proven that there is a real interest in this concept. Understanding the basics of investing in cryptocurrency will help you go in the right direction.


Survival beyond FOMO – how to choose an ICO-winning project with a long-term cost

In a world driven by hype and FOMO [Fear Of Missing Out]It is becoming increasingly clear that a diligent crypto enthusiast must have a litmus test to choose a token to support in a world where it is difficult to find real viable projects, and good projects with long-term prospects are even harder to distinguish from seizures.

Due to recent developments, when most new cryptocurrencies are reaching record lows and new ICO projects are not keeping up with their hype after Crowdsale, now often frustrated “investors” blame ICO promoters on social media rather than blame. for failing to conduct a proper check to select the most likely winner after a crowdsale before purchasing a token during his ICO.

From my extensive observations, it turned out that most crypto buyers simply bought coins during the FOMO-based ICO (Fear of Missing), created by the masters of the hype behind these coins. Many just bought without understanding the purpose of the coin after the ICO or what the token was supposed to do after the Crowdsale. When nothing happened after the ICO, as is often the case for many ICOs, they jumped on social media to shout about the bloody murder.

Recently, my team and I just finished a tour of Africa and parts of the US to promote the Nollycoin ICO. We have organized and sponsored various conferences, held live AMA (Ask Me Anything) press meetings, and held numerous one-on-one meetings with crypto-whales, small investors, and crypto-millionaires of all colors.

With all of this, one thing that surprised me the most was that MOST token holders DIDN’T KNOW about the core business or project behind selling the tokens they were involved in.

Even more surprising to my observations was the amazing fact that many failed to tell you the value of the project, its goals or the company’s plan to thwart the market and capture some buyers in its industry. They just bought the ICO because a few pages in telegrams or Facebook that they visited kept telling them “Buy”. Go and buy more. ” Most simply acted on the basis of herd instinct rather than objective reasoning.

Now, if most of the people I met were just teenagers or uneducated people, I wouldn’t be so surprised by the level of ignorance of many crypto “investors” I met. On the contrary, many of those I met were college graduates and people with some affluence. However, less than 10% of them could easily articulate why they bought the coin, hoping that its value would increase over time. Wherever I went, few in the crowd could tell me the name, experience, and capabilities of the corporate managers of a company that sells coins.

The only thing most of them could point out was that the coins were recommended by “respected” influential people when the facts proved that most of them were paid with a shiver to create FOMO and respectability for otherwise useless shitcoins.

Apart from the so-called fictitious influential people, many crypto buyers only knew that the names of the team leaders were Russian, Chinese or Korean, although they knew absolutely nothing about them. As if all you need for a successful ICO is to list the names of people from Korea, China, or Russia that no one can verify with a simple Google search.

While I agree that of course you need to consider a lot of things that decide whether project tokens will increase in value over time, I think the acid test and the most immediate evaluation criterion should be the usefulness of the coins beyond what happens on cryptocurrencies.

Although most of the crypto token owners I’ve met didn’t even know about it, the reality is that if you bought a token at most ICOs, you didn’t “invest” in that company. You wouldn’t buy company stock, and you wouldn’t buy any securities from the company.

And at best, what you did when you bought tokens during most of the ICOs was a “donation” of the project in exchange for getting a useful token or coin that legally had no real value outside the company-controlled business ecosystem. issuers.

In short, other than your hope that the price of tokens will “month” or rise to make you a millionaire, you could do nothing with the token other than use the utility attached to it by ICO, if any.

Because no one could predict exactly how Crypto would work on the cryptocurrency exchange when it finally got there, recent experience has shown that prices for most tokens are likely to jump in the first few weeks after going public (with -for big sales by speculators), it would make sense to look at what other value or utility you could get from your token other than the expected “occupation” on the exchange.

As the cryptorevolution has continued to evolve, transform and adapt to different market developments, the only way to ensure that your money is not thrown away is to be sure that you can still use these tokens to get great value and benefits. even if you could immediately sell it with a profit on the stock exchange.

In accepting this definition, you need to ask yourself the following main question: What is the value, product, or service generated by the company that sells the token that will give me enough value for my money to make this purchase worth my time?

In a world of falling token prices on various exchanges, the more opportunities you have to actually use the token outside of the expected cryptocurrency listing, the more likely you are not to be disappointed and not be able to use the tokens useless to you.

So you have to ask over and over again: IF this coin had never been traded on an exchange, would I have been happy to have supported the vision? If this token has lost 70% of its exchange value, can I still use it and get an account for my money elsewhere?

If you have not been able to answer these questions in the affirmative after reviewing the DOCUMENT and filing the company’s claims, then you should think twice before buying this coin.

The last example

Take the current ICO, such as Nollycoin, which is a token that provides a blockchain-supported movie distribution ecosystem. Coin promoters have created various utility scenarios for coin buyers to ensure that no matter what happens to Nollycoin on the cryptocurrency exchange, their fans and token holders will smile.

Some of the great benefits attached to the Nollycoin token in the Nollytainment ecosystem include

• Ability to use Nollycoin tokens to watch exclusive movies in cinemas and cinemas

• Ability to use Nollycoin tokens to access 1,000 movies on their Netflix-on-steroids blockchain Movie Distribution.

• Ability to use Nollycoin tokens to purchase products and services at NollyMall, which is similar to Amazon’s entertainment platform.

• Ability to use Nollycoin tokens to pay school fees on the NOLLY Academy platform and in partner companies

As you can see, in addition to the usual expectation that tokens can be presented on the crypto exchange platform, you need to look beyond the ico hype for the immediate and long-term usefulness of the token and the viability of the underlying project behind it.


Some of the best cryptocurrencies you can invest in now for a free and secured financial exchange

Cryptocurrency as a modern form of digital asset has gained worldwide recognition for easy and fast financial transactions, and its awareness among people has allowed them to become more interested in this field, discovering new and advanced ways to make payments. With the growing demand for this global phenomenon more and more, new traders and business owners are now ready to invest in this currency platform despite its price fluctuations, however it is quite difficult to choose the best one when the market is full. In the list of cryptocurrencies bitcoin – one of the oldest and most popular in recent years. It is mainly used for trade in goods and services and has become part of the so-called computerized blockchain system, which allows anyone to use them, which increases the enthusiasm of the population.

Ordinary people who want to buy BTC can use the online wallet system to securely purchase them in exchange for cash or credit cards and conveniently from thousands of BTC funds around the world and keep them as assets for the future. Because of its popularity, many corporate investors accept them as cross-border payments, and growth cannot be stopped. With the advent of the Internet and mobile devices, gathering information has become fairly simple, as a result BTC’s financial transactions have become affordable, and their value is set according to people’s choices and preferences, leading to profitable investments. Recent research has also shown that instability is good for the exchange of BTC, as in the country instability and political unrest, due to which banks suffer, then investing in BTC can certainly be the best option. Again, paying for bitcoin transactions is a much cheaper and more convenient technology for contracting, thus attracting crowds. BTC can also be converted into various fiat currencies and is used to trade securities, for land ownership, stamping documents, government awards and vice versa.

Another cutting-edge blockchain project is Ethereumor, ETH, which has served much more than just a digital form of cryptocurrency, and its popularity over the past few decades has allowed billions of people to keep their wallets for them. With the ease of the internet world ETH has allowed retailers and business organizations to take them for trading purposes, thus can serve the future of the financial system. Also being open source, ETH helps to collaborate with projects of different firms and industries, which increases their usefulness. Again, unlike bitcoin, which is used to exchange money on the digital network, ETH can also be used for multiple applications other than financial transactions, and does not require prior government permission so people can use them with their portable devices. The cost of broadcasting also remains stable, and this avoids interference from outside intermediaries such as lawyers or notaries, as exchanges are mostly software-based, allowing ETH to be the second best cryptocurrency to invest.