When I came into cryptocurrencies I was ready for anything. I was ready to lose all my money. We can't be afraid, we need to keep a sober mind without emotions. Yes, perhaps this year there will be no prices, as in the past. But the market will recover. The market is constantly falling and rising prices.
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Cryptocurrencies need new investors. This year a lot of people left the market. We also need a buzz like the one we had last year. I do not think that this year we will see a special increase, but prices will recover.
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I try to give cryptocurrency all my free time. But I'm not ready to leave work for the sake of cryptocurrency. Work brings me a stable income. But I believe in the bright future of cryptocurrencies, so every day I study something new for myself.
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I study the project and draw conclusions. If the project is promising, then I hold their coins in the long term. But at the moment the market is constantly falling in price, so I hold all the coins that I have and hope for better times.
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I would very much like to see a bull market, but this will not happen in the near future. Too long a drop in prices. In addition, at the moment there are no favorable factors that would contribute to the development of a bullish trend.
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There are many ways to become rich, but not everyone can do it. Someone does not have the necessary knowledge, someone does not have enough time, and someone puts other priorities. It is possible to become rich those who managed to combine these things, the one who found the desire, perseverance and faith. These things are already hard work. On a simple example: There are people who bought bitcoin when it cost a few cents and believed in it when everyone around led a finger to his temple. The work consists in the fact that these people did not give up and kept until the end, when everything told them that they are idiots. Also, these people had knowledge, because few people knew about bitcoin at that time. Therefore, there is no life is quick and easy. It is necessary to work. Faith and aspiration is the most difficult work, because without these things the world would not see many inventions.
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Panic is our worst enemy. I agree that the situation in the market leads to fear, but it is necessary to suppress it and look soberly at the situation. It is too early to panic, because bitcoin has already fallen so low this year. However, I am very worried about eth and altcoins. But still, I am sure that soon everything will normalize and prices will go up.
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I invested in eth and btc at a much higher price and have been at a loss for a long time. And now that the prices are very low I don't have the funds to invest yet. I think that my biggest mistake is the lack of savings for such cases.
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Even though ethereum has fallen below the $ 300 mark, it's still not dead. This is just a temporary phenomenon that we need to wait out. The wait may take 2-3 years, but it's worth it.
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I think we need to hold bitcoin in the long term. I doubt that this year the price for it will grow significantly, but next year or in 2020, the price is likely to grow strongly. Now is a very good time to buy btc and just wait.
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There has always been high volatility in the cryptocurrency market, there is nothing wrong with that. You just need to relax and stay calm. Low prices are a sign for investment. I am sure that investors who are focused on long term will eventually make a good profit.
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At the moment there is a record decline in prices for altcoins. Therefore, I think that now is the right time for investment, because prices will rise after a while. I think that by the end of this year or at the beginning of the next year prices will rise significantly.
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Of course, this contradicts the idea of cryptocurrency regarding anonymity. But projects need to comply with the laws of the countries. In some countries, ICO is prohibited and therefore the project team checks the data of investors and bounty hunters.
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I don't think cryptocurrencies will kill cash. Today, cryptocurrencies are used for trading on exchanges and are not aimed at replacing cash. They replace cash only on the shadow Internet. Perhaps after a time there will be a cryptocurrency that will be able to replace cash, but it will not be soon.
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Airdrop is probably the best way to draw attention to the project at the initial stage. However, today a lot of scams. I stopped participating in airdrops because of that. After all, in order to earn you need to participate in each of the airdrops. Of which 10% will not be scammers.
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The current situation is causing panic, and I think it will continue until 2019. But over time, I think that prices will go up again. However, I'm not going to invest any more money in cryptocurrency despite such low prices. Investments are becoming more dangerous every day and the cryptocurrency is losing confidence.
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I doubt that in this way it is possible to avoid illegal trafficking of money. However, additional taxes can be introduced. On that and is done rate. The proposal for the Russian cryptocurrency is just an electronic ruble, but not a cryptocurrency.
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Last year, participating in airdrop could earn good money. But this year a lot of scams. When I first started crypto-currencies, I took part in airdrops, but I got coins only with 5 out of a hundred. I'm disappointed in airdrops and don't waste time on them anymore.
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There were good times at the end of 2017. Now I have lost about 60% of my investment and I am not going to sell my coins any more. I intend to hold until the last. I am even ready to lose everything, but I hope that this is a temporary phenomenon in the market.
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Ethereum of course is more technological than bitcoin. Bitcoin, in turn, is the most popular cryptocurrency. But both cryptocurrencies are leaders. At the moment, it is pointless to compare them. It is important for the investor to invest in both cryptocurrencies.
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