If we're talking about rest for the crypocurrencies, i guess, it's not going to happen because what we are experiencing lately is just a proof of how volatile cryptocurrencies are. But i don't really think that it will go back down to where its price started.
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I always believe in bull run but the question is do you have the patience to wait for it? Can you able to hold on to your digital assets for long until the bull run arrives? Sometimes, holding to your digital assets can be frustrating if you don't have the patience and optimistic mind.
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If that's going to happen, then i just lay my ass in bed overnight and continue to hodl my digital assets. I believe that a good bull run will not only last for one night. Just imagine how the bull run in 2017 happened because it lasted for months until it reached its peak.
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Seeing ethereum's market price to go down is a good timing to buy it since we know how valuable this cryptocurrency is. Being the top alternate cryptocurrency, its significance to the cryptomarket is quite big and that's one of the reason why so many investors invests on this crypto.
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All alternate cryptocurrencies have its own story of ups and downs. Being a volatile asset, it really makes sense that it will rise again whenever it falls (especially talking about general crypto like eth) because as we can see, eth has slowly climbing back.
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Considering that the market is already down, it's still hard to determine whether or not the market has already reached its bottom. It's really better to have a good timing when it comes to investing so i'd rather choose to invest when the market hits its bottom already.
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If we can just really do that to the bearish trend literally then i can say it's already been over for the bearish trend long ago. It's really been a tough challenge for crypto hodlers keeping their digital assets in tact while waiting for the bullish trend to come.
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I don't expect much about positive trend for the cryptocurrencies this year as i focused on hodling my digital assets in a long term plan until the 2020's. I am a little bit more optimistic in the long run rather than expecting as early as this year.
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Getting a chance is about pure timing. If you see the market is down, it's better not to waste time and invest more if you have money or rather wait a bit until it reaches the bottom. Once you see the market is healthy, then it's the right time to sell some of your digital assets too.
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I think it's really good to hold alternate coins that are already tested through times. If you know what i am saying, then just look at the market and see the top alternate coins listed in there. You can start looking at number 2 down to number 20.
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I could not deny that i am one of those who converts Bitcoin (BTC) to Ethereum (ETH) but i am doing it with wise decision. I converted some of my btc to eth only during the time Eth is so low while bitcoin is having a pump. With that, i really get a good volume of Eth with my little chunk of my btc.
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It was a couple of days back when we see a good sign of bullish trend but unfortunately, it didn't last long before we realized that it's just a sort of pump-and-dump. Only time can tell when the market is going on a very good bull run again.
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That's simply because cryptocurrencies are volatile, basically. Don't expect it to rise all the way up without having a day or time that it will fall down too. If 2017 is going to repeat again in the coming years, i am sure that i will have a better profit than what i have last 2017 because i have already invested well during this time.
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Bitcoin being the base crypto in the cryptoworld, it is already expected that altcoins' market value is dragged down whenever bitcoin falls down too. That's the very reason everyone who are holding until 2017 when bitcoin's price rises drastically because their altcoins rise significantly too.
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For me, i prefer both of them because the rise of EOS is very obvious too. EOS can have a good market cap an price in the future and it seems that the latter is traversing in a very promising path. As we can see, EOS has pushed its rank to the top 5 now.
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Talking about cryptocurrency exchanges, there are actually lots of them to be found but of course, not of them are good in terms of popularity, volume, and security. For me, i list the following cryptocurrency exchanges to wit:
1. binance 2. bitmex 3. okex 4. kraken 5. houbi
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For me, the king of altcoin is still Ethereum because of its use case that no other competitor altcoins have. The widespread use of Eth is undeniable that almost all ICOs are preferred using and most of my cryptos in my wallet are also using ethereum's ERC-20 blueprint.
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Escrow can be a good indication that an ICO has a good and pure intentions or basically not a scam ICO. I've been into a project that's using an escrow for now and it went good so far considering that the campaign manager is very trustworthy too.
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That's what one of the biggest mistakes people have made when they engaged into cryptocurrency investments. They think that it can make them rich real fast but when the market falls down hard after that 2017, they start complaining and whining now.
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Giving up is not the option that i have in my mind now that the market is unhealthy and continuously giving us very unpleasant scene to our crypto portfolio. Since i have a very positive mind that a 2017-like year is going to happen in the future, then i keep on holding on my cryptos.
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