We'll have a new alt season sooner or later, but don't expect it to be the same it was in 2017.
A lot of sh*t coins will decrease to almost zero and they will never recover.
Strong projects (ETH, BNB etc) with a real value behind will survive and can reach new ATH in the future.
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I think there are better options than just holding like forever.
Everyone should set his own expectations and to respect the thresholds when they have exceeded. Otherwise, by being greedy tou can lose a lot of opportunities for both buying and selling.
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I think that Trump's reaction was pretty much helpful as he advertised Btc for free.
It's a known fact that governments do not like crypto as they cannot control it.
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Crypto is already an alternative payment option.
Bitcoin is already used in a lot of countries to buy goods and services, all it needs is mass adoption to become a "real" currency.
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Many times these are inside jobs and then crypto haters use the publicity of the loss to say how crypto is not safe or isn't ready or regulated enough and so on. They love it because it makes it look like it's just the Wild West out there and everyone who uses crypto is just out there getting screwed over. That's what they tried to do with Ebay and the e-commerce industry as a whole in the early 2000's.
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Personally, I prefer IEO, but I never invest in a new project before asking some basic questions that every investor should ask:
- Does the white paper have a clear vision? - Does it look like the team really invested a lot of time into putting together the white paper? Is the quality of the language in the white paper exceptional? - Are there references in the white paper where there should be i.e. where there are mentions of exact data? - Is the white paper written using LaTeX? - Is the content on the website without any mistakes? - Is the quality of the language on the website exceptional? - Is the design of the website flawless? - Does the color palette of the website coincide with the nature of the project? - Is it easy to find what you are looking for on the website? - Is the logo of the project visually concise? - Does the project have an MVP? - Is there are live demo of the MVP?
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When you invest in an ICO there are a lot of aspects to be taken into account:
dont believe the hype read white paper be judgmental of design research the MVP research team follow announcements analyze social media activity (mostly telegram) look for competition and compare analyze the marketing investigate the company behind the project
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For BNB haters, do you realize that most exchanges have their OWN proprietary coin they utilize for fees? Did you realize that forex does this as well? Do you have ANY experience with financial institutions?
Do you know how cryptocurrency works? It operates with the same basic fundamental principles of every single coin produced. Every coin or token is utilized for a specific use case scenario. Some are tokens for their own marketplaces or exchanges or products or services. Some are used for faster monetary transactions. By stating BNB (which you know nothing about) is a pyramid is essentially stating that all currency is a pyramid scheme.
Are you one of those guys who whines about how everything on the internet is a pyramid scheme? Is internet marketing a pyramid scheme? Is it a scam? I can certainly make some validated arguments to support that, but it would be "reaching". Just like you're "reaching" on this topic. It always amuses me when people make such VAGUE and WILDLY INACCURATE statements on things they have no clue about.
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Except the manipulation, Bitcoin price is given by offer and demand.
If hype for many alts decreased over time, Bitcoin's popularity remained constant and even increased during the last 10 years.
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A lot of cryptocurrency might disappear, indeed, as they are just pure speculative without any added value for blockchain users.
However, some coins are quite valuable (top 10 mainly if you remove Ripple) and I think they still have a bright future ahead.
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Reaching 30.000$ is almost 200% from current price.
If you check the charts with how price behave in the past, you'll see that it's very less probable to have a 200% increase without any significant correction.
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Bitcoin raised a lot during last couple of weeks, so what's happening now is nothing but a normal correction.
People short their Btc for quick profits, then price will take its ascendant trend.
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Why do you think now is a very bottom? Alts could decrease for another few months before they recover.
However, some bad projects might not recover at all so it's better to sell now if you hold s**t coins, as they still worth something.
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You cannot compare grapes with apples just because both are fruits.
Same with Btc and Bnb. These 2 coins are very different and they serve to complete different purposes. So no, Bnb will never be a new Btc, but it still has a lot of potential to raise in the future.
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It's very hard for any other coin to reach the popularity of Bitcoin. This is why I think Btc will remain the king for many years to come.
The fact that Bitcoin's dominance is over 60% is another proof that things will not change anytime soon.
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You can still make profit out of btc, just stop crying for alts.. Now a days it touching 12k-13k then coming down to around 10k. Just look around buy at dip. There is a saying in trading market 'Buy the Rumor, Sell the News'. But very volatile market.
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In crypto things change from a week to another, so it is hard to say that Btc or Usd is better. It all depends on market trend.
During bull markets btc will increase a lot, so it's definitely a much better option. However, when market turns bearish, you might want to keep more Usd.
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I have a few tips for longterm:
First tip - BTC is not going back to 3k this year
second tip - buy in increments when it dips hard. BTC still has a long way to go before it reaches its peak this year.
third tip - Do your OWN research. Don't rely on others.
4th tip - Join some FB groups in order to find out more about crypto and what coins are hot right now.
5th tip - look at Medium articles (like mine at cryptoaccountbuilders) and learn.
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My tactic: keep buying small amounts of btc, this way you buy at low and high dollar/btc rates.
Eventually it will be worth much more.. my guess.
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BNB has been one of the better investment coins during the bear market of 2018 (and still is). If you have a few thousand to throw at it, this would be one of your wiser investments as I don't see it suffering from any major bear trend anytime soon unless Binance actually closes their doors, but that is highly unlikely.
In the crypto world where uncertainty is king, BNB is a better investment than most.
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