As a metafore, Cryptocurrencies biggest problem is that all the products they bring on the market have their own plug that needs its own outlet.
If you buy a hairdryer, the plug fits in the outlet you've got at home.
If you buy a computer, the plug fits in the same outlet you've got at home.
Got it?
Now imagine that you bought a brand new lifechanging product that has a plug that doesn't
fit into the outlets you've got at home. Would you still buy it?
A "product" like Indahash is such a product. It really is one of the best projects available on the cryptomarket but
it doesn't have the plug that fits into the fiat outlet. Oké, you can still manage to make it fit.
But hé, you're just an influencer talking about make-up because you can make a buck out of it.
Now getting payed in IndaHash you have to dowload a wallet. A wallet? Yes, a digital currency wallet like Exodus. And is she done yet?
NO. She has to use Google Chrome to install a MetaMask wallet too because an IDH is a ERC20 token.
An ERC20 token?
Yes, but honey, don't bother........it just is, but make sure you install the correct Indahash adress and that it has 8 digits.
Oh wauw, oké thanks? And that's it?
Ah, no. Now with the use of MyEtherWallet you can send your IDH to an exchange.
To an exchange?
Yes, to an exchange where you can sell them for Ethereum. But you have to make sure to have Ethereum in your Exodus wallet too, because you
also have to pay gas.
Gas? What is gas?
Again, don't worry honey. They just call it Gas. It is a fee you have to pay to make use of the blockchain. Just fill in 25000 gas.
25000 gas? How much is that in U.S. dollars?
Hum, good question. Nobody seems to know exactly. But don't worry honey, if you've got enough Ethereum in your Exodus wallet you can pay for it.
Oké, I've got it on an exchange now. Do I sell them for Bitcoin or Ethereum?
Yes, honey, you can sell them for Bitcoin or Ethereum, but I would take Ethereum because that's cheaper to transport.
Oh, oké, and then what? Where do I transport it to?
Now you can sent your Ethereum to Bitcoin.com to sell it.
And they pay me dollars for that?
Yes, they pay you dollars for your Ethereum.
Oké, but why are they giving me less than the value Ethereum has?
Oh, honey don't bother about that. Bitcoin.com has to make some profits too, you know.
And can I do this all the way at once?
Noooooooooo, you first have to register your Exodus Wallet, and register your MetaMask wallet, register on the exchange, register on MyEthereum Wallet,
register on Bitcoin.com and register with us, Indahash.
Oh, oké. Wait: "Revlon, Nivea, Elvive, Max Factor: Can you pleaaaaaaaaaaaaaaaaaaase keep paying me in dollars? Please?"
Just think about the above before you make your next move into cryptocurrency. Potentially it all can collapse like Bitconnect did! Keep that in mind!
p.s. I still do believe BTC can hit $ 20,000 or above again just because we're all stupid enough and only go for profits. Just like myself.
Did you already buy a celebrity on https://cryptocelebrities.co?
Did you already play the game on Decentraland?
check this out: https://vote.district0x.io/
Did you ever make use of the social media site of Reddcoin?
check this out and take a good look at the date: https://www.reddcoin.com/social-x-architecture-of-a-decentralised-system-for-social-payment-and-service/
Can you believe they had a volume of almost $ 20,000 in 24 hours?
https://uetoken.com/
Watch the whole video and tell me what they were talking about!?
https://www.elastos.org/
If there is a coin Monero, why would you buy a coin like Monero Gold?
Raised 18%
Just my opinion on what cryptocurrency really is about. If people would take a good look at projects, charts would look totaly different. Since
Indahas is a way better project than the non exicsting project Reddcoin is, why is Reddcoin still on place 90!
Qtum is one of the first real projects that is fire off a satalite (to the moon) It went down with 9.84%
Perhaps you should put this out as a blog post rather than putting it in the comments section.
I was thinking the same thing. It would a actually make a very good standalone post. He makes some good thought provoking points.
If you are receiving this message, you have been flagged for responding to a known scammy piece of shit. Enjoy your dwindling rep. Here is how @haejin supports the community.
P.S. - His 21k followers are complete bullshit and most are inactive and have been for months.
I'm agreeing with danpaulson. Think about a separate post for this. Good thoughts.
Me, I only invest in projects that are disruptive existing businesses/status quo or solve a big problem, and those that have the team to get it implemented and that I'm confident will be around in 5 years. I also real that all businesses have to start somewhere. So if there is an awesome idea with a good team, I realize it takes time for the cake to bake. I'm patient.
Yes good post! (or comment) I have been thinking the same about Crypviser secure messaging app they have an amazing product but the coin value does not match.