On January 15th we saw the initial coin offering of Cryptobar - the next generation cryptocurrency community, as their creators claim. It may seem just another ICO, though it is not. I'm going to explain some of its strengths and why it is not only a good investing chance but a growth opportunity many of crypto's newcomers can benefit of.
Bars, pubs, taverns, coffee shops - they've existed for so many centuries as a meeting point for people. Building friendships, meeting up with colleagues, political debates or sport watching - there are many ways in which such establishment can be leveraged but all share a common aspect - people.
The cryptobar as a community - a telegram group to talk about cryptocurrencies - has existed for months now, maybe years. As the group grew up in users, the number of peer interactions increased. Many people were benefiting from its trading ideas and contributions so the question naturally arose: how can we encourage knowledgeable users to comment and help other users? The wick had been lit.
Building a good team to drive this project ahead was an easy task, but actually transforming its concepts into something feasible was surely challenging. The white paper is a good sample of that and clearly shows the path from a bunch of enthusiasts in a social network to a physical place in the real world. It will take time, but that's not a secret either.
Most ICOs present a concept that a development team must achieve, and ask your money for that. Fair but risky.
The cryptobar already exists, in its essential form, as three telegram communities (Spanish, English and Russian) for everyone to get in, share, receive and learn. You can see how it works. You can guess where it goes.
I've been a relatively passive user in the bar for long, nearly since I started investing. I've had fun with them. I've followed some trading advices. I've ignored others.
I'm not going to claim that the bar has made me rich. And you won't get rich in the bar. Well, kinda.
The market cap has increased a lot in 2017. TV, newspapers, feeds - everyone is talking about bitcoin. Some good, others bad, but in the end, that's driving lots of new, small investors into a cruel world. Would you go alone with a wooden sword into a wolf populated forst in the middle of the night, or would you better team up with other explorers guided by an experienced hunter?
You can learn in the bar. You can avoid FUD and FOMO. You can understand why and how.
Cryptobar's main strength is the way in which information is shared. You wake up and bitcoin has fallen a 20% - not a rare thing these days. Would you buy or sell? Well, most blogs/news/tradingview user reports will arrive some hours late and won't allow you to benefit from the move. Twitter surely is faster, but who can you trust? What benefits a Twitter user when they give advice? Are their intentions good?
You've got the bar. Just open Telegram and ask in the group, in case no one’s asked before. Have a talk with someone that can lead you in the right direction. If you are grateful for their answers, grant them $BAR - won't cost you a single bit but will reward them in actual tokens.
Same sample, just heads down. Are you tired of giving advice on Twitter, being attacked when you're wrong but earning nothing more than a bunch of likes when right?
You've got the bar. Earn from your expertise. It's far more rewarding, not just because of the money but the social interaction.
You can boost the cryptobar by joining the crowdsale. The bar is already opened for you in Telegram so hope to see you there soon!
