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Of course! Cryptocurrency is a way around and out of the current financial system offering you swift and almost instantaneous payment solutions comfortably. They fact that this transactions can be made anonymously at top level security also makes it the more comfortable. Cryptocurrency not only present cheaper options for users but also ensure accountability and transparency, something that most financial institutions are unable to offer. The great thing about the crypto technology is freedom and ease of access. The world isn't ready but I tell you, when it is, cryptocurrency will be the most preferred means of transacting businesses.
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I firmly believe the choice is yours. However, to advice a bit, it depends on the coins or tokens you currently have in your portfolio. If they are assets with huge potentials, I believe it doesn't make any sense to sell them off at a loss when there is a chance that the markets will bounce back. You could just sell them now and regret later. In this case, the best decision is to hold and wait for an appreciation before selling. On the other hand, if these assets do not have great potentials, it will be advisable to sell now before they go even deeper. Once you sell now, keep an eye on them with a view to rebuying some at the dip. The reason for rebuying is to ensure you have a base to fall back on should things suddenly turn out great for the project in future.
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Currently, there isn't any support to this claim instead there is a whole lot indications and indices to point to the fact that this year might be the worst year for crypto ever. There is a general loss of confidence in Crypto space owing to the fact that the level of scam and fraud in the space is at an all time high. So many failed projects and ripoffs have infiltrated the industry and thrown it into a state of panic. I fear this may have caused the general FUD surrounding the market and it could take more than assumptions to get the market kicking again.
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There is this popular saying that I still place up there as a guide. "If it's too good to be true, then it most certainly is". The number one factor that leads to scam is greed. If you truly believe something is too good to be true then most time, it isn't true. My advice is, always stay away from strange projects that promise you too much for too little, avoid exposing your private keys not for any reason. If someone asks for your P.key/keys, runaway as fast as you can. If you are being asks to sign any message using your pkeys or json file, runaway. Always watch carefully to avoid putting your login details on a phishing site. Ensure you have bookmarks of your wallet sites and only access these sites by going through the bookmarks. Never back up your private keys online. These are some of the basic rules of avoiding scams.
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Am very sure over 80% of everyone associated with cryptocurrency is anticipating a bullish run. The truth is, only speculations and anticipations are left to offer some form of comfort. There are no backings or support to claims that there is an incoming wave of market growth but I can say with some level of expectations, experience and assurance that, the crypto market is near a recovery and will succeed in making everyone happy.
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Well, to answer your question, who goes to the market with the aim of losing? You try to do your best to ensure a profit. Now, apply it to this situation. The crypto market has been running on a low for quite some time now and in truth, it has affected just about anybody associated with this industry. It doesn't make any sense to sell your coins considering the market situations. Selling wouldn't fetch you anything instead it will add to your loses. Best case is to hold your altcoins and expect a bullish run and in so doing, you will stand a better chance of winning and earning some decent profits in the process...
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I think they are both valid tokens and projects and will survive the test of the present. Eth is widely adopted and used, second to BTC i think. Eth has enormous flaws but it still has a highly encouraging use case. EOS on the other hand has some pretty decent features which have come to correct the issues of the ETH. Though the current market conditions has meant a slow growth of the EOS project, I strongly think it is a sleeping giant and will blossom once the market normalises.
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This is NOT entirely true. Truth is, you must chose the coins or tokens you decide to hold carefully and you must also stay your objectives right. If your intentions are to feed off crumbs then you can always do short term trades but if you want to feed fat then you must learn patience and holding rightly. You can only hit the big bucks in this atmosphere by holding and waiting for the right moment. You should always consider holding as a long term project and wait for your moment of glory.
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Sadly, this is my worst year as a bounty hunter. The returns have been very poor overall and I believe this has been down to the downward movements of the market causing several projects problems and ensuring that potential good projects die before they even begin. I participated in several bounties with several of them stopping half way due to the market conditions. It's been pretty frustrating but I hope things shape up nicely soon.
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Let's face it, The crypto technology is outstanding and pretty impressive with its lots of advantages but going as far as saying or thinking cryptocurrencies will chase our banks or put them out of business is far fetched and plain wishful thinking. It will be completely impossible at least in the near future to see crypto ending banking activities. The truth is, not everyone has an idea what crypto is also, the guys on wall street and Major financial organisations will not want this to happen. It going to take a lot of effort to realise this dream.
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Actually, there is no form backing to this assumption whatsoever. The general belief is based on previous years leading to now. In years past, crypto has seen a boom towards the final quarter of the year probably due to the fact that more people tend to invest during this period. However, this may not form the basis for price appreciation forecast, we all hope this will be the case this year or next. So many projects have all postponed or push their token sale plans to future dates with the hope that the markets will appreciate and become stable.
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This is like asking what tomorrow holds which I believe is completely impossible to know. However, using past statistics and projections, we could say that there is a high chance that the market will pick up towards the ending of the year and first quarter of next year (2019). In recent past, this period has always seen a bullish run probably because people tend to invest more during this time thus bringing fresh funds and more money into the market and sparking lots of bullish activities. We are all hoping this will be the case this year as well.
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Of course! Btc controls everything in the crypto industry. Every coin is directly or indirectly tied to bitcoin and this means bitcoin dictates the movement of almost every coin. When bitcoin dips, others usually follow and at this time, Bitcoin is dipping and its already reflecting by the movement of other coins. The crypto market needs a stable bitcoin to actually maintain a stable run, an appreciation in bitcoin prices ultimately leads to an appreciation in altcoin prices and that is what we all want to see.
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Good question... Couple of months and probably a year ago ICOs were a goldmine. It presented a great chance to pick up tokens for a ludicrously low price and hold them until listing for a guaranteed x3, x5 or sometimes x10 profits. I made some good profits from ICOs back then as I understood the game properly. Fast forward to this present day, the reverse is the case. Purchasing ICOs now is like flushing money down a pipe hole. The market conditions have meant only a handful of projects do well once they get listed. The best idea these days is to wait for a coin to get listed and dump to over 75% of ico price before buying in and holding for profits which may never come early. It has been working so far, just ensure you buy only coins with good prospects. Those ones take a shorter time to appreciate in value after the dumping.
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100%! Cryptocurrency is the future of financial transactions and that isn't going to change. It is understandable that cryptocurrency is currently undergoing massive bumps and challenges at the moment. There a lot of people and government who do not want to see cryptocurrency succeed due to obvious reasons but the buzz created by blockchain is one that cannot be put out as evident in some public backing and support for the technology. This present phase will pass and there will be a complete adoption of crypto technology. It's only a matter of time....
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9.5BTC every day of the week for me. Reason being that, Bitcoin controls every altcoin and has the highest chance of growth over a short period of time. This means that, your 9.5btc has a greater chance of hitting more heights and ultimately tripling the value of your 150eth worth. Bitcoin is a more recognised coin and has a generally acceptable confidence ratio which translates into better growth percentage. This is why bitcoin has more appeal.
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