The Market will keep fluctuating for now,
Once there are some solid coins with releases, such as the ADA mainet etc, we may see a new resurgence of people interested in this space.
Until then, it may be a painful ride,
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Haha, crazy at the time this question was asked, within a month pretty much all alts had done a 5x, Hopefully we see the market recovering towards the end of the year when more working products become available.
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Damn, PRL is only 1000 SAT's now,
Alts have been bleeding non stop, its a shame really as there are some great projects out there.
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Back in 2017 I used to sell off my ICO coins once they hit 3x,
This year its a different market, I made decent profits last year, so am just holding coins that I have faith in this year for the long term such as ADA
Hopefully the next few years sees an increase in awareness and use of the crypto products
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I agree,
I did well from Airdropped coins in the past, was in DO from week 1 which lead to allot of profits and I still hold thousands.
If you can get involved with some solid Airdrop programs you can do very well.
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This is great,
I think that allowing the employees to choose is a nice thing for this company to do, at the moment those who invest in essence pay ourselves in bitcoin in the sense we just convert our fiat paychecks to bitcoin, the method above saves on exchange fees etc.
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I am a little skeptical, however when the bulls run, it tends to be in large small bursts, for example a 3x rise in the space of a few weeks, so i guess anything is possible.
We will see in September with the decision of the SEC which will help determine the price.
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Generally, it depends on the project for me, if its a bit of a crap project that gets pumped, I sell off about 90% then and there for profits, either into top 10 coins or into Fiat.
If its a long term hold for me, such as ADA or NEO, i just ride the waves and will check back on them in a few years of roadmap development.
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Yes of course you can,
Thats like asking, can you still get rich with penny shares etc, a load of coins will crash and burn, but there will be some with real world applications that go from strength to strength, get on those and you will be laughing.
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Hopefully it dosent explode as fast as it did in December and Jan, or we will just have a huge amount of people sell off again causing another crash.
as Long as the bull is a steady rise, then I will be very happy long term.
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LTC will rise as BTC does, but I do not think it will ever overtake BTC Personally.
It usually sits around 1:60-120 in terms of BTC to LTC,
So if BTC hits 100k then LTC will probably be between 800-1600 each.
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I think the best Alts are those with working products or a strong development team, many of which already have large market caps in essence making them too large to fail, such as NEO and ADA.
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I would go for other larger marketcap coins, such as NEO and ADA,
Both of these should do well once blockchain becomes more mainstream and they get an increase in DAPPs on the platforms
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Personally I doubt its the bottom, the market growth from 10bn cap to 800 bn was insane in Jan, this year even if it settles around 200 bn thats still a 20x growth for people who invested back in Jan 17 - these same people will still sell at these low prices, as its all profit for them. However once some of the larger coins get working products, such as ADA's net coming up the next few months, we will hopefully see a resurgence in both interest from the general public, and prices.
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There are a number of coins out there with low market caps, however most of them do not have great products.
Some that have decent projects and are under the 100m threshold would be coins such as Lympo and red pulse
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In the current market, there's no coin that can do this apart from a pump and dump coin,
Even big release news is not affecting coins the way it did in Q3+4 last year.
I would suggest if you NEED to double your money, you dont use crypto as you can HALVE it in those two weeks instead so only invest what you are willing to lose.
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I believe NEO will be a good Long term hold,
It has a large following and many DAPS in progress on the chain,
On top of that you generate passive income with GAS which is great as you can sell each bull run.
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I like NEO,
DAPS are starting to be produced on its blockchain, and just holding NEO generates GAS which is a plus,
If there is a large bull run over the next few years, you can sell off the GAS for a tidy sum and still hold the NEO and repeat.
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You should look at the Marketcap of a coin rather than its price,
A Coin with 100,000,000,000 is unlikely to "Moon" if its market cap is already in the billions, however if its market cap is 5 million, it is much more likely.
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Whilst I hope you are right with a bull run just around the corner, however I can't help but feel we have several more months of decline ahead of us.
Look at the market cap in January last year, even with the current prices Crypto as a whole is up 25x, that's a phenomenal return on investment and people who have been in since then will still have a long way for the prices to drop before they come close to making a loss.
I sold a decent amount in January, but still hold an equal amount of coins now, so I hope that a larger range of institutional investors will start to get involved and help stabilise the price.
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