Well if bitcoin reached the massive price of 100k for each coin then there is no doubt that we will be facing a paradigm shift in bitcoin so even if it crashed I do not think it will be as bad as it was during 2017.

The crash of 2017 was so damaging precisely because of that, people believed this was what they have been expecting and this will drive world wide adoption and when that did not happened the price crashed incredibly hard because of it.

There are many ieos taking place in bad exchanges and many people are participating in them so that is not really a protection and even if an ico takes place in a good exchange that still does not guarantee anything.

At best those ieos will be slightly better than icos but that is all, even if those coins are not scams you are risking your money in something which has a huge failure rate and in which most investors have lost any interest as they have lost too much money to similar projects.

Do not do it, it is easy to think that just because ethereum has not grown as much as those coins there must be something wrong with it, but it is the opposite the growth you saw in those coins is impossible to maintain.

The price of those coins is already going down especially in the case of BSV which was the coin that grew the most during the past days and after such a huge unjustified pump we will see the dump, you must remember that you are in this market for the long term and I think ethereum is a way better coin than BSV and BCH.

Scammers are really smart I will not be surprised if they are already thinking about a new way to try to convince investors to give them their money, I really though that after the fiasco that the market of icos became people will never trust in any of those projects ever again.

But the popularity of ieos during the previous year seems to defy that theory, and if people want to lose their money to scammers there is nothing we can do except to not follow on their footsteps.

Which is as it should be people concentrate too much on useless coins just because they want to obtain profits and in a way I get it but at the same time while the profits you can get are great the people that get those profits are a minority.

Just look at Bitcoin SV, right now is the best performing coin and many are investing in it when its price is so high and most likely that coin will go down during the next days and weeks leaving a handful of rich investors and the rest will lose their money.

Fiat currencies are not the foundation of cryptocurrencies, there is a reason why bitcoin is often thought to be some form digital gold, bitcoin has almost all the characteristics of gold but with the advantage that it is very easy to store compared to gold.

But if at some point in time governments begin to develop their own cryptocurrencies you are going to see the difference, they are going to create a centralized cryptocurrency that is going to be nowhere near what bitcoin is about and it will not offer the freedom that bitcoin offers.

That is a calculated risk they are taking, they cannot let decentralized cryptocurrencies have a monopoly of this new form of money, but at the same time if they create their own centralized cryptocurrencies people may decide to adopt bitcoin.

There is nothing we can do except to trust that sooner or later people are going to realize that bitcoin is many times better than those centralized cryptocurrencies, and one great way to do that is for bitcoin to keep increasing in price and bring more attention to itself that way.

What is happening at the moment is that bitcoin is incredibly difficult to predict, if the year keeps going in the current direction with similar movements to what we saw today then there is no doubt that we are going to see a new ATH during this year.

But the price of bitcoin is not so easy to predict, it could crash tomorrow for what we know, so as much as I will like to know what it is going to happen I'm just like every other investor in this market, I do not know what bitcoin will do the only thing that I know is that I will be here to take advantage of it.

Without a doubt that is a foolish thing to do but it is not like investors always take the right decisions, there were many instances in the past in which investors put their money into an asset just because they wanted to earn money really quickly.

And the perfect example of that was the bubble of 2017 when many people that have never heard of cryptocurrencies decided that was a good moment to enter the market just when it was reaching a new all time high almost every day.

If at any point in time bitcoin really becomes widely adopted by the population of a country and they prefer to use it over their currency then bitcoin is not going to be the reason for the collapse of that currency.

Bitcoin will be nothing but the symptom of something going horribly wrong in the economy of that country, but while bitcoin has been adopted in some countries with economic difficulties that adoption has not been so widespread so we have no idea if this is actually going to happen at some point in time.

I think there is another reason why investors seems to have gotten smarter, investors that are not smart are not going to survive for too long in the market, they are going to lose their money and most likely after that happens they will never invest in the market again.

During that time scammers got a lot of money but now the investors that remain are smarter, they have a lot more knowledge about the markets and about the history of cryptocurrencies and they are not going to be so easily deceived as the average investor of the past.

That is only true if you make sure that you have several strategies to profit from different market conditions, it is completely different to try to profit from a market that is trending than it is to try to profit from a market that is ranging, unless you know the difference your profits are not going to be as good as they could be.

And this is what makes trading a very complex issue since you need to keep adjusting your strategy over and over again depending on the market conditions in which you find yourself to be in.

While bitcoin cannot be influenced directly it can be influenced indirectly, after all when you think of the value of bitcoin you think of it in dollars, and if there is an economic crises that originates in the United States then most likely the dollar is going to be affected.

And at first sight it may seem as if it is good for bitcoin but the truth is that if that were to happen many people are going to begin to sell their coins to recover the losses that they have in the stock market and that could reduce the price of bitcoin.

That is the right attitude but very few people have it, most people trade the markets as if every single trade is going to be the most important of their careers as traders but the market does not really work like that.

Most of the time you're going to make a trade and not much is going to happen, you're going to lose some, you are going to earn some, but you need to be able to maintain most of your capital during those trades because most of your gains will come from a few trades but you need to be in the market to take advantage of them and that is what those people do not get. You cannot force the market to move exactly when you want you are the one that needs to adapt and wait for the big trade.

Sometimes I wonder if people actually understand the magnitude of the growth that they are predicting, ripple is barely above 20 cents and you are predicting that during the next year it is going to reach 10 dollars, that is a growth of 50 times its current value.

Why do you think that ripple is going to be 50 times more valuable during the next year? What kind of adoption do you think that is going to go through? What kind of development are you expecting out of that coin? If anything people should feel really lucky if ripple reaches a price of half a dollar during the next year.

I disagree, there are very few good projects out there and it is not really difficult to understand why, Satoshi created the blockchain in order to solve a very specific problem and so far the best application of the blockchain is for the creation of a currency.

Since then many developers have tried to apply the blockchain to many other industries and I don't really feel like any of those projects have had any kind of success because they're trying to use a tool that is not really that good for what they want to do with it.

From time to time I see posts in the forum about people that are confused about the very low price of ethereum but it is not as surprising as it may seem at first sight, the price of ethereum is going down because there is no demand for it.

Right now people want to hold bitcoin because they believe it is going to go up during the next years and not only they are investing fiat to buy it they are also exchanging their altcoins to get bitcoin and this is affecting the price of ethereum and if that was not enough people are not really interested in icos anymore which was one of the greatest sources for the demand for ethereum.

Knowing when to sell your coins is probably one of the most important skills that any trader needs to have, and it is one that is incredibly difficult to acquire.

Most people concentrate themselves on the moment they enter the market but there are some traders that have made experiments and one interesting thing that they found out is that it doesn't really matter that much when you enter any market but when you get out and that is a personal decision that every single trader needs to take because the circumstances of everyone are different.

That is what all markets do, many people came to this market thinking about becoming rich really quickly because they saw all the profits that people that were invested in this market were having and they wanted the same for themselves.

But they did not really cared about bitcoin or the market of cryptocurrencies in general, they only wanted to get money and that is not really a healthy attitude when it comes to this market because as we know those that have gotten the most profits are those that really believe that bitcoin and the blockchain will change the world.

Icos have been replaced already by ieos, and while ieos had a certain period in which they were very popular we are experimenting once again with ieos what happened with icos.

People are losing confidence in ieos because they are not performing as expected, and while this may surprise some investors it doesn't really surprise me because the only thing that has changed is the way the developers received the money from investors but the projects behind that process have not changed at all.