Well, that's exactly what I mean. How many crypto projects directly related to donations to people in need and NGOs do you know?. Of projects that appear in forums and social networks, I think the answer is simple, 0. In all the years I've been in crypto (and it's quite a few years) I have yet to see any project publicly feature donation accounts, and that says it all.
In real life, I don't know anyone who has invested in crypto projects that are related to NGOs or support those in need. That doesn't mean I don't think there is such a thing. I just believe, like you, that it's very rare that such projects are truly charitable when you examine them more closely.
I think the truth lies somewhere in between. I believe that diversification is very important, whether you are looking to hold for long-term profits, trade, or speculate on very new cryptocurrencies. So even if you are interested in newer, more risky cryptos, it is worth having some top 10 cryptos in your portfolio so that your overall risks are lower.
I think we all see it that newer cryptocurrencies usually come with greater risks when investing. You see potential, but you don't know yet how the prices and the project will develop. Nobody can see into the future. I also see it as minimizing risk when you diversify.
But you don't have to invest money in all cryptocurrencies that you want to have in your portfolio. With some crypto projects, you can still mine something even as a single person.
Oh ok I see. As it is a proof-of-personhood concept this is to verify you are no machine – can’t a robot already read the content of pictures?
Do you also have to solve these puzzles to invest/to buy coins of this cryptocurrency? And the other way round: Am I right, that you can simply be part of this and have a look how it works without really investing and money at first?
In the future, robots may eventually be able to solve such picture puzzles. But not yet. It is probably already the case that bots can recognize individual elements of the images. But that's not the point of the picture puzzles at Idena. You have several pictures, which you have to put in the right order, so that the pictures make a logical story for humans.
The puzzles are created by the community. I think that if bots eventually become much better than they are now, the puzzles will certainly be adapted as well.
I know it's hard to imagine when someone describes it to you. But you can try it out without any obligation. Either at one of the validations or just to practice.
As far as I know, you can buy IDNA even if you are not validated. But I did it differently, because I wanted to become part of the community first, before I make a decision to invest.
Cryptocurrency investing can feel overwhelming at first and there is alot of information to take in. It is good idea to cover other financial bases before you buy your first crypto.
The fact that cryptos initially overwhelm you is probably the same for everyone when they first come into contact with them. But you don't have to invest large sums right away. The fact that you have your finances under control beforehand is also a very important prerequisite for me!