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Let me answer why Ethereum has a value. First of all, there's a lot of other tokens which is under Ethereum. Those tokens have values depending on the way it was delivered, it could a currency for services that a company offers, or it could be a dividend for something. Since those are under Ethereum, they would need Ethereum as a way to function. For example, a machine needs a source of power to move. Let's just say that Ethereum is the source of power of those Tokens. That's why Ethereum is worth money. Same goes for other coins. They have value because people like the services they offer like privacy and such.
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It really is. It sucks that we can't separate those scam projects to those who are legit and will really pay. Even if we read their whitepaper, research about their backgrounds, know everything about them, it's still hard to determine whether they are scam or will succeed in the future. It's sad that this kind of scheme are getting out of hands and people who did this are getting away with this. A lot of time and effort of bounty hunters are getting wasted, not to mention the money that investors invest. Let's just hope that this lessens when a regulation took place.
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There's been many cases where a project succeed without having to reveal their own team, but that was in the past way. Investors want transparency, they want to know everything that the project can bring because there's been a lot of scams happening in the entire crypto world lately. Nowadays, if a project where to hide something from the community, that would create a doubt to investors and might create a lot of refusal to the public. In conclusion, team and whitepapers are crucial in this modern times.
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Yes, I also believe that another bull market is about to happen. As of now, Bitcoin has increase its price by 3% already. We just have to give Bitcoin as much time as possible and be patient about it. If you've noticed, the market history is telling its tale and that how the cryptocurrency market works. Let's say if history does repeats itself again, then we just have to wait for that to happen.
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I think otherwise. Banks will be around for a long time. I know banks has been fighting crytocurrency for so long now but they have yet to win. Just like the old saying, if you can't beat them, join them. I think in the near future, banks would make a slight change in their system and implement cryptocurrency in it. They would use crypto as a way for them to grow even further which is nice because once they did that, they are acknowledging the existence and the benefit of cryptoccurency.
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To be honest, those kind of people are probably newbies or experts who spreads FUD as humanely as possible. I see some legendary accounts here saying that "Bitcoin is dead" "Bitcoin died long ago" "It's the end of Bitcoin" which other legendary members are just making fun of him. We know it's their own opinion so we just have to respect it. It's up to us if we are going to be blinded by them or research what is really happening. Well, we are still the driver of our own action.
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In my opinion a good trader does make more than holders. Good traders know how to analyze the market and use it to his/her advantage to enter the market or exit. Also, good traders are good at making their money flow in a daily basis and that their flow of money is continuous . If something happens, they would react faster than average traders which makes their money flow. Since they've been playing with money for so long, they know how to handle their emotions well enough. Meanwhile for the holders, they will be missing a lot of pump and dump because they are focus in the future price. They depend on the long term out come of a coin. Also, they have to research if the coin they are going to invest to are going to grow, unless it's Bitcoin or other old altcoins which has a lot of reputions now.
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Well depending on the situation and your investment strategy. But I prefer Token this time over Bitcoin because Bitcoin's market capitalization is too large to make a large profit unless you have a large capital and you timed the pump right. Meanwhile for Tokens, you could get them for free with their own bounty and you wouldn't have to risk money in it unless you invest. Also, newly created tokens doesn't have a market cap yet, meaning, you could gain a lot of profit from it but at the same time not. It's riskier to invest in Token but the reward is high.
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Yes, you are right that the technology of Bitcoin is superior which makes its demand high. I don't really care much about Bitcoin's price, I don't care if the price decrease or increase, because what I care is it's technology. Because of this, millions now have the power to transact without government restrictions, people are now free and that's what I like about Bitcoin. It's technology is what makes it good. But people are greedy. Since no one is owning Bitcoin and Blockchain as a whole and Bitcoin's future is in the hands of its users, people tend to abuse this which results into a tragic events which hinders the growth of Bitcoin. Let's just hope that good things comes to Bitcoin in the future.
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Most investors who are successful do diversify their investments because it's not guarantee that you will profit in just one coin. You say one time bigtime? How about one moment and you lose everything? This world you are into is cryptocurrency, it's kind of different from stock markets which means the market here is kind of volatile. One moment you are walking away with a big smile and another you are crying in the corner. If you are smart investor, diversify your coins to gain maximum profit.
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That's kind of sad mate. Let's just hope that you could get over it. There's still a way for you to use Bitcoin though. Use a VPN for you to hide your IP address or TOR network. You could also use other decentralized exchanges that doesn't require any identity verification. Before you do any of those, what part of Bitcoin is banned? Are the whole cryptocurrency banned? or just Bitcoin?. Before you do anything Bitcoin related, you should hide your identity as much as possible to avoid any problems in your side.
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Yes, that kind of fear will be around for some time but there's a way to for you to at least relax a bit. You could analyze the history of Bitcoin from when it was created and until now. You see, Bitcoin's been in that situation before so no worries for me. I'm sure one of this day we will have another bullish trend, we just need to be patient and relax.
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I agree that a regulatory body should take position. There's a lot of cryptocurrency that is storming the markets, investors are no doubt in risk of fraud and scams and no one will be able to stop it. I think the reason why cryptocurrency is not growing is that it's not trusted enough, you don't get any protection from it and nothing is certain, but, that's what makes cryptocurrency unique. In my opinion, a light regulation should be implemented so that frauds could be set aside which in turn more investors are going to join.
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