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There's no point regretting mate. No one is absolutely sure of what the future holds, be glad you even made profit, as for me I got greedy and left my portfolio. Now the portfolio is a shadow of itself.
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Cryptocurrencies is down probably because institutional investors and moneybags are waiting to see some sort of regulations before coming onboard. Also, different regulations and bans especially in Asia with large population is another challenge but I believe this would ease of with time and the market will pick up again.
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I hope we aren't due for another global recession because the regional recession experienced recently in West Africa bite harder than imagine with exorbitant prices of commodities. Thanks to good economic policies and foreign direct investment, the economy is now in a recovery phase but won't last long, if a global economic recession kick in.
Moreover, those who can have feasible plans to cushion the effect on the micro level are the super rich but for a young graduate just settling out, I can only hope it's not true.
What advice will you give me @Op ?
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In my opinion, cryptocurrency over stock market. Reason is that, the cryptocurrency market is still new and growing, it hasn't attained it's potential yet therefore one can easily make more profit compare to stock market.
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I was only able to convince one out of about seven close buddies of mine. Others sees it as some form of pyramid scheme or HYIPS, I'm not bother by their opinion or stance because I'm sure it will take them by surprise. Blockchain tech has come to stay.
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Cryptocurrencies generally are emerging technology which the government is trying to figure out a perfect way of adopting it into the main economy. There are also other areas of concern such as tax evasion, money laundering etc, which government wants to block.
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In the event of the fall of USDT, I foresee a situation where other strong fiat takes its place. Other currencies such as the Euro, Pounds or even the Chinese Yen readily comes to mind. I don't think it will have a significant effect on the price of Bitcoin.
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You're so right. Money get things done. Life would be boring without money but yet, money is not everything. I will continue to choose sound health over money everyday because without it, you cannot enjoy the money you have, no matter how wealthy you may be.
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To solve a problem. Blockchain projects are often develop to meet a need and they like other projects requires funding, hence, the need to create coin/token and raise money from ICO to execute the projects.
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Very funny. As much as many are clamouring for fiat elimination, I don't see it happening anytime soon. Aside the fact that not all part of the world is digitally connected yet, some transactions are still dependent on fiat.
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Unfortunately I have exhausted my savings, believe me this is a time to invest in solid project and reap huge profits when the bull returns. Lot of projects are in their all time low, as for me, it's a time to buy, buy and continuing buying.
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I love the faith investors kept in the system. Definitely like any other sector, there's bound to be downtrend but remaining positive in the ecosystem is the way forward till we need another uptrend again. Weak hands already sold off, it can only get better from here.
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I chose to be optimistic. Though we're in a downtrend, I predict a bull run anytime soon because the market has experience a correction close to 80%. I definitely, cryptocurrencies has come to stay, it can only get better.
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Yes, Bitcoin is a disruptive technology changing ways in which transactions are being carried out across different sector but to be factual it's a currency to pay for goods and services and therefore not a weapon and in my opinion it would forever exist alongside fiat.
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I still believe that cryptocurrencies is the future and that we are just starting, hence, my preference for it over other investment options highlighted by Op. Meanwhile, it is very crucial for every investor to do a diligent research on any coin or token before investing. I personally believe that lots of the project today won't see 5 years but the ones that survive eventually can make one a millionaire atleast.
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Governments generally do not encourage whatever will diminish their influence, hence, a preference for traditional ways of doing things. Gold, Silver and other precious commodities are already regulated by government. Hence, the preference for this over cryptocurrencies.
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