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Because the price is falling and people manage their losses, and the more they sell the more price is falling. It can be good only for people who are buying cheap and then hodl and wait for the coin to moon.
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Read, read, read. A lot. Gain knowledge before making any real moves with money. Read this forum, do some quality posts on a daily basis. You can also check out some crypto blogs and videos on YouTube, in this way you will get information before you gain experience.
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All successful people are patient people. Whatever we do, patience is the key to success. In cryptocurrency business, where you need to watch the ebb and flow of prices without panic selling or making other stupid decisions. Patience breeds success.
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I think in these market conditions it is normal to wait six months and more, the wait is increasingly long now. Some companies will pay out in a week and some won't in a year. It is all different and hard to tell how long you will wait.
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For me it's an opportunity to earn money so that I can change my life for the better. It is risky, but any change is. I just try to be patient and not freak out when prices drop. I believe that cryptos can seriously affect the global economy and change the lives of many people.
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The simplest way to become rich is to invest in a quality ICO, then invest money that you earn in their bounty in a good coin.
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Bitcoin is always the best option as it is the most valuable coin in the market. Investing in ICO can be very risky as many ICOs are out there to scam you. You can also diversify your portfolio with some altcoins such as Ethereum, NEO, Ripple.
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The product is always important in a ICO. That's what they promote. If ICO is a scam, their product will be good only on paper. If ICO offers a good coin, it's a sign that they can attract more investors to the project.
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The coins that are supported by strong communities are always a good choice. I prefer EOS, ETH, XMR, LTC, VXG. And of course, the king of them all - Bitcoin, whose price will increase seven-fold in five years, is great for long-term hodling.
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Check out their bounty managers first, monitor social media updates on the ICO, read all the whitepapers and roadmaps, follow expert advice, and check out websites helping with choosing the right ICO bounty.
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I think it has never been so difficult to say which altcoin has a good future. You should do research of project white papers, market trends, and developer team background. I think today you can invest in such altcoins as Ripple, Ethereum, Litecoin and HODL them to maximize the profit.
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