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I feel the major answer to all your purported questions is PATIENCE OP. We must strictly initially follows the rule of buying when prices are very low and selling or cashing out at the periods the prices or values are very high, especially at the coins bullish periods. However, when these prices are bleeding, I told you, analytical patience mind is also the key, provided you have selected carefully the coin you are invested in to be very much future laudable and profitable following all the key elements/history behind such project from the management team down to the past history of the coin transaction records.
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I only lost few Bitcoin I generated, and ever since then, I have never been involved in any form of Ponzi scheme or cloud mining business in other to vividly avoid strong and future occurrence of such or bigger loss. Probably still considering myself been very timid or fragile in this regard to be loosing what I have over time been generating and accumulating as my store of value, as much as I know there can hardly be high progress without its prior loss/risks in most cases.
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Candidly Yes. Everybody's perception about Bitcoin in clear Terms is that it is the Pioneer coin that kick started every other coin including the Litecoin in question here itself through the BlockChain generation where every other coins are dependent upon for survival. Aside this, I don't think there can be any coin transaction of all other coins without converting them back to Bitcoin no matter what and how genuinely beautiful or creative their features could be, since Bitcoin is the only language understood by most investors outside this forum.
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Actually, Bank investment is a bit easy and of less risk to involve in, but it should be recalled that this is done by the Banks at the detriment of their customers by in one form or the other setting down some terms and policies guiding such deposits with them that shall deeply favors more the Banks. On the other way round, investing in Bitcoin is higher in risk truly, but are at the same time higher rewards promising in future especially at the long term hold.
What I am from my opinion saying therefore is to invest in Bitcoin is far more preferred than depositing with Bank if one is actually A Guru in the field, though entering the deal without biting more than what you can chew is strongly advised.
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If probably the high rate charges at the Exchange is fairly charged, this shall give room to welcome so many partakers of Bitcoin in different levels. Also, if we do not allow the maneuverability of Big whales to hinder our way of Bitcoin Subscription either by Trading or holding it shortfall of any Panic, there shall be tremendous improvement as well. More importantly, shunning of FUDs from any quarter or from any community is also an addendum to Bitcoin improvement.
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Never allow such inevitability caused by FOMO pulled you out of order at all, since this does not applied solely to you alone. You should have done this with mindset of Risk at the inception. But better still, be courageous to hold probably the ones you termed or think to be shit coins on a long term basis, watching over them. Who knows? they might surge unexpectedly. Keep on now on your former routine, and if you must invest in any new coin, thorough research on such is very paramount. Since experience is the best teacher my guy, you know?
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People invested in ICOs and so many others are still investing despite the high risk involved, because of their mindset of higher profit or greed for higher profit. Actually, life itself is a risk and if you can not be bold to take up a higher risk, you shall not be among the higher or richer people in the society. Though, it should also be borne on mind that one's greed for higher profit must be done with extra caution in other not to loose out in entirety all your capital invested, where thorough research and deeply know how of the project involved is less or not known, aside even the Scam ICOs in the Crypto Market.
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We should initially not forget that Bitcoin should not be taking for money as in fiat alone, it is also a future store of value, no matter its volatility. I can merely agree that Bitcoin volatility may dissallow it from using it as money, as in sited case of Estate as an instance. But to me, if the bitcoin price at which you buy the estate at the last time decreases this time, you must agree with me that the value of the Estate does not decreases, because it may not be quantify with Bitcoin price alone. And if they did, then the valuer is gaining at the expense of the owner, likewise if the Bitcoin price increases for the Estate, then, the owner is at the upper head making gains. Since this is vice versa, I do not think there should be any cause for Alarm. Life itself is a risk.
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So many reasons are drawn for the causes of this price falls of Bitcoin at its bearish periods. Some of these may includes FUDs which greatly affects especially in the Countries at which the FUD generated from, while others follows suit negligently without at times look into why such FUD unfolded.
Another cause could emerge from the adverse effect of the Big Whales manipulation, when they tend to Dump at great volume in other for them to buy more at later date from all panic holders that had equally dumped along the lines.
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You are very right and in the real sense of it, you are still not late at all, because if you opp in now and still hold for some time, even if you can not double your investment as predicted, you shall be more than been brake even for sure. All things been equal, come in with moderation, by not investing wholesomely all what you have but by diversing into few other better and researched ones in any case of eventuality. Also ensure to consider risk, where you should not invest more than you can afford to loose.
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I also don't feel there is really anything to be done in order to improve Bitcoin because it has gained it's famousity all over the world already other than for it to be accepted in various countries that are yet to. At the same time, I can just apart from the fact that Transaction fee at Exchanges should be worked upon for convenience sake, as well as the delay issue on confirmation, is that we must in all ramification be shunning any FUD from any Quarters because these FUDs are also Bitcoin hindrances.
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