I agree with your opinion, in my opinion, investors who have a lot of money at their disposal are still waiting for a more favorable rate to enter the market. Most crypto enthusiasts, whose income can be called average or even low, have long succumbed to panic and sold their coins. When you see that the price is constantly moving down, you can hardly believe that it can return to the indicators of 2017.
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Ethereum has regained its rightful place, we all know that this is one of the most innovative projects, which gave the opportunity to see the light of many new cryptocurrencies. And now there was something that was supposed to happen, the king of altcoins again ascended to the throne.
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Now, many projects after the ICO delay the listing of coins, this is either due to the fact that there was no agreement with the exchanges in advance, or in order to wait out the bear market and not to lower the price of the coin. In any case, the number of successful ICOS has decreased and more careful selection is needed in order not to fall for the tricks of scammers.
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You should understand that after such a strong drawdown, the market will need a lot of time to recover. I think that in 2019 we should not expect Bitcoin to grow more than $10k. But even such a result will be a good sign and will strengthen confidence in the future growth of the market. Many have become hostages to this situation and we can only wait.
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This is really very important, because despite the decline in the exchange rate of cryptocurrencies, the market looks good in comparison with the previous bear market. Everything is very relative, but if you look at the entire distance, it becomes obvious that cryptocurrencies are constantly developing, and the market is growing.
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Patience is a very important quality of any investor, but this quality is especially necessary for the cryptocurrency market. Of course we have a lot of great coins, but the market is still too young and in order to make money, you need to be patient when choosing a project, when analyzing the news, to make a profit.
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Investors lost interest in the ICO, as after the end of sales and the release of coins on the exchange, their price drops sharply. As a result, in order to return the money and make a profit, investors have to wait for a bullrun. I think this is a key factor that deters new investors from cryptocurrency.
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In my opinion, many people have been doing just that lately. And it is because of this that we have thousands of coins that no one needs. Instead, it may be better to stop and focus on the development of several projects, because there are still many problems, for example, the speed of transactions.
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No one will be able to predict the price of BTC for the next month, and if there is such a person, he is just a fraud. If it was so easy to predict the rate of BTC, then everyone would have become millionaires long ago, but unfortunately, it depends on many factors.
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I believe that everything should be done in a timely manner. For example, now is a good time to buy cryptocurrency and wait for a new bull run. The most important thing is to buy crypto currency cheaply and sell it expensively, and it does not always need to wait for many weeks or months.
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And almost a year later after it had been written your post, XRP came in second place in terms of capitalization and continues to exist. According to the head of Binance, he is going to enter into a partnership with Ripple for the development of xRapid, and the company said that it exceeds SWIFT by 90%. Do you really think Ripple will die?
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I think that we will see a fall in February-March, and then the market will move in a sideways trend until mid-summer. By the end of the year, according to my forecasts, we can count on the cost of BTC around $8k. But I hope at the same time that this forecast can be better and we will finally get rid of the bears in the market.
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I think that participation in the ICO is an extremely dangerous idea in 2019. It seems to me that the cost of ETH reflects the state of the ICO at the moment. At the peak of the bullish market, the cost of ETH exceeded $1000 and it was the best time to participate. Now there is a very small percentage of successful training camps and there is no confidence that something will change in the coming months.
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In my opinion, there are very promising projects that are able to compete with the main cryptocurrencies right now. For example, the Zilliqa project recently launched a mainet, it supports sharding technology and is capable of handling thousands of transactions per second. It gives him a huge advantage over BTC and ETH.
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No one knows the exact answer, all just build forecasts that are based on charts or analysis of previous periods of market development. Therefore, you should independently analyze the situation and constantly monitor the news and the rate of cryptocurrencies.
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This is true. In order to begin to understand the cryptocurrency and understand how this market works, you need to go a long way, where you will find a lot of mistakes and falls. But only those who will draw conclusions from this and correct their mistakes will succeed.
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I've seen the potential since I met the cryptocurrency in the Ripple token company. In addition, I believe that Bitcoin is still the most promising and popular cryptocurrency. And in the third place I put a project called Qtum, in my opinion, this is one of the most underrated altcoins on the market.
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Investors need to be interested primarily in the finished product, which has a thought-out development plan and guarantees its success in the future with the necessary financial support. It is also very important that a team of professionals who are able to cope with any complex tasks be formed around the project.
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It all depends on your capabilities. If you have the opportunity to invest $2000 for a long time, you can conduct a similar experiment. But I think that we need to build a strategy based on the current situation in the cryptocurrency market. At the moment, there is a good opportunity to profitably form your portfolio and wait for bullrun to make a profit and revise the further plan of their actions.
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I can't say that cryptocurrencies are becoming an alternative payment method at the moment. Cryptocurrencies still have a lot of problems to be solved in order to catch up with mastercard or visa. But blockchain technology, which is the basis of cryptocurrencies, has a huge potential that needs to be disclosed.
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