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Getting scammed the first time you see your foot in something having to do with money leaves a bad mark, and No matter the preaching, advices, your mind just never changes. No regrets in this side but I am somehow loosing the patience.
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it is easy to tell an experienced person how much patience is needed to get the money bag in crypto. Selling off is very much a part of newbies no matter how much you try to prevent plenty of losses and regrets.
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I used to give advice in the past but the market has made it difficult to advice people. The market is further shrinking professional advisors from reaching their goals with clients as surprises bumps up every now and then. For now it is difficult to advice newbies hence I advice myself all by myself.
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With the recent declines in so many alts, it is likely that many alts will go below bearable points. I once lost everything in my portfolio and was seeing a negative sign in my fiat value. I was completely broken and only had to invest more to further stop me from taking decisions that may ruin everything.
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Funny enough the things you mentioned above are what makes up this space. This space thrives on all of those and it is impossible to eliminate them.
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To say the least, I am late and early to the party, I came in during the 2017 boom but I regret coming in at the time. I should have come a little late but here I am now.
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Thats not feasible, the price cannot go down that bad no matter what. its just like saying bitcoin will go back to 100 dallars. Its really been a bad ride for eth sincee the beginning of 2018.
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I believe people have never been caught up like they are this time and this is as a result of the last Bullrun. In my opinion, people should quit checking their portfolio now as 80% loss is too much to bear.
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To a point, trust lives in the past, people are money conscious now having seen the level of gains people made in the last months. Always do your own research.
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Well it seems every bull and jack can open an exchange nowadays so long as they have the money to fuel it. Competition they say spice businesses up but here, I dont think its okay to have so many exchanges as this space Is fairyly young. They may wake up one morning to claim a hack and further tell the users "All funds are gone". The less the exchanges the more we have whom to trust.
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Not doubt the market hasnt been favourable since the first quarter of the year, and even till this last quarter things are not showing signs of a possible bullrun. It is now tiring to a point and most people are beginning to give up. Is this your breaking point? If yes, rise your mind back up, better days are still ahead, this is not the bottom.
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Its pretty difficult to get the best out of bounties nowadays even with all of the serious DYOR awareness. ICOs havent been lucky this your because of the nature of the market. However, I would still advise you keep pushing and not give up at this point.
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As and experienced person in this space, you cannot hold back to the truth but rather space the obvious. We have enough Alts to take is through the years, I cringe sometimes seeing so many projects still waiting in ICO line.
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I agree with you even though we have not send the end of 2018 to fully write it off, 2017 brought all of the attention to this space.
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Knowledge is needed not doubt, however, loss in this space cannot overly be avoided as the market is not completely a predictable one. Newbies should read and be ready to hold the emotions right.
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Of course it is time to go check out somethings in the backgrpund but definitely not yet time to sell. We all invested to make gains and not cut and count losses.
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Unfortunately, banks will not disappear because there is a new boss in town. In the grand scheme of things banks will further adopt the new technology and leverage in it with their already existing knowledge of finances.
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