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People's interest in investing in crypto is decreasing due to the downtrend of market for quite a long time. Almost all ICO's are based on the ERC20 platform of Ethereum and most of them either have scammed or are running in loss, due to this they are now cashing Ethereum which they have with them.
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The Cryptocurrency market is a highly volatile and unpredictable market. There is no one who can predict what will happen in the coming days. But I think that this is not a bull trap because the market has been in recession for a long time and after finding its support level, it has start moving forward.
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Ethereum has excellent prospects for further development and have huge potential, but from last few weeks Ethereum is showing unexpected high volatility and go up and down very sharply. So please wait till when it is stabilize then invest in this coin.
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It is very difficult task in present scenario that find and join a good bounty because many ICO's are scammed every day, But there are working some reputed boutny platforms like btcltcdigger, amazix, wapinter, yahoo and some automated bounty platforms like bountyhive, icorewards and bounty platform. These all have good and active managers and distribute rewards for bounty timely and transparently.
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I will not quit as i am familiar with this market and know that this market goes up and down. If i got profits from here then i am also ready for losses if market drops due to any reason.
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At present scenario ICO hype decreasing as many ICO developer sold the Ethers collected during their token sale this year, its resulting the demand from ICO has reduced significantly, and now ICOs are not selling out fast like before. So I think ETH price may drop more in near future .
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Yes, it is very safe for doing bounties. I was joined bountyhive platform since March 2018 and I have completed some campagain and i recived reward them in my wallet without sending any report. This is a automated and well managed platform for doing bounties.
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If you want to earn more profit, I believe that you will have to take more risk. Still Cryptocurrency is in the early stages and there is no such thing as easy money. There is a lot of patience, knowledge and deep study required to earn money here. There is no one who can predict the future of crypto.
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When you loss money, then not try to invest quickly, control your emotion and be patient as this market has very high volatility. If you have more funds to invest then average the cost of your purchase and wait for the market to recover. Never sell in panic, because it is always gives losses.
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With this kind of coins, Which have small market cap and low trade volume are more risky. They can disappear at any time after listing and you will lose your money. you can go with some good coins with strong fundamentals and project and get decent profit from them.
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Almost all altcoins always follow the high or low prices of Bitcoin , whenever bitcoin prices start to fall, then market goes down in recession and prices of all the altcoins also fall significantly. On the contrary, when the Bitcoin trades in bulls hand, all the altcoins also move up sharply.
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Always buy good coins when market weakens as all coins in weaken market traded at their lows and whenever market revive, those coins gain momentum quickly and you get maximum gains. Quality coins recover quickly rather then all other coins.
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My preference after bitcoin is one and only ethereum as ethereum is the best investment option for those who cannot buy without due to its high price. Ethereum is number one altcoin and highest market cap after bitcoin.
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If your horizon is for next 2-3 years then you can buy now as approx. all altcoins are their lows of this year and if you invest now then you can get good returns in short span of time as market is consolidating and can move up anytime.
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Yes completely, now cryptocurrency is in its initial phase and from here it has to travel a very long journey. It works on a new emerging technology based on blockchain and it is currently in the middle of the journey and in the coming time it can grow very well. Some countries, and experts, and companies are increasing their steps towards accepting such technology.
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So far, there is no regulation and authorization, which is responsible for taking action on those ICs, who make scams, and disappear by taking money from the innocent people who invest. There is a great need to create a special international legal body in order to control the ICO, to prevent the scandal in this market and to make the market prosperous.
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Since December 2017, the cryptrocurrency market has been running in a major recession. And its impact will also be seen till the end of 2018, If there is not come any good positive news from anywhere, which can revive this market again.If this market explodes in 2018 as mostly G20 Nation's are wants to regulate this market, if they did, then it will open a gate for new investors whose are not in this market due to no regulation there.
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In near future this not seems that any other coin will replace the bitcoin in terms of market cap as bitcoin has approx 2.5 times more over from Ethereum which is just next under to the bitcoin. Till now Bitcoin is the king of this market and there is no possibility for any other coin to move beyond the bitcoin.
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