Nothing would happen if bitcoin goes down to $ 1000 or even to $ 100. Cryptocurrency is real and it will stay here with us forever. On the shrinkage of ICOs, the dominance of ICOs is already fading. There are too much projects than we need. Only good, real and genuine projects will survive. Other will go away as the market is becoming highly competitive.
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I do not think prediction will prove right. Prediction is just prediction. There are very little chances that prediction proves right. Many so called predictors have predicted that bitcoin would hit $50000 in the fires quarter of the year, 2019. But the coin is staying just around $ 4000. So in my case, I do not believe in crypto prediction. Rather I believe in luck.
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I think nothing about Tron. What I think about the coin is that it is the best project and will reach the moon. I am wondering why this project is not staying behind? Justin Sun is young entrepreneur and he is doing his every efforts in making tron a success. The project has partnered with many organizations, which will give a surprise gift to the coin until the end of the year 2019.
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I definitely recommend buying cheap and undervalued coins in efforts to gain more profit. Luck also play out in cryptocurrency world. If you are lucky enough you will be made riches overnights. The project you have chosen irrespective of how cheap it is should have a reputed and strong team. Its technology should be amazing.
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To begin with, I was introduced to cryptocurrency much later, in fact at a time when the opportunities to earn much money had gone. Some two years ago, the cryptocurrency boom was towards its end. I mean when the bitcoin reached its peak of $20000. Right shortly, I invested in many coins on the advice of my friends. In initial days, it grew. But it did not last more than 15 days. Thereafter, the market started tumbling. Even now the market is yet to recover. I have suffered a great deal of loss. But I have hope.
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No it is not too late to buy BNB as the coin has started raising. But you can wait until the coin sheds some of its price in the recent days. It may fall to $10 I think. But your decision to buy BNB is a wise idea. Binance exchange is number one exchange across the world, and the coin is its product. It has recently added many features which will attract investors as well. So the coin's future is bright.
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I also do not understand why almost all altcoins will raise when the price of king bitcoin goes up. I think all altcoins are inter-dependable on bitcoin in a way or another. I think it is not the good think that coins are inter-dependable, which restricts competition in the market. But lately, the trend is being raptured. Even some coins are seen increasing in price when bitcoin is decreasing in price.
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Yes I strongly believe in cryptocurrency, a new invention. The new innovation will make change in the lives of the people across the world especially in transaction. It will liberate us of hassle-filled banks. I have seen many people become riches by investing in cryptocurrency. But what I have learnt that one needs patience to get riches. Overnight riches cannot be possible.
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So far people are thinking about cryptocurrency as a get riches quick scheme and this proved somehow right in the past. One of the main factors that cryptocurrency is getting popularity is that it provides benefits on investment. But it would be entirely wrong to think that it gives a quick rich formula. I think it is like any other business like a stock market which needs time to grown and give benefit.
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At some point of time, I am also tired of thinking that what is the relevance of holding coins one has, as coins are volatile. At one time, price of a coin goes down to its lower level and at another, it goes up unexpectedly in price. So far I have been holding many coins I have in the hope that they would increase in price making me riches. But I do not know when that time would come.
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Like you many investors are worried about the volatile nature of cryptocurrency. None can say when prices of a coin go up and down. Price of a coin jumps by many percent at a time and go down at the same rate at another. One of the bad aspect of cryptocurrency is its volatility. But it has many good features which has retained its importance and relevance so far.
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Personally I prefer tron over EOS. I do not have much clarification about why I prefer the coin. But Tron's initiatives in making the project a success is laudable. It has made partnerships with many good and well established organizations. Furthermore it has partnered with Tether to create its own stablecoin. I have some Tron tokens as well, which gives me its preference. But EOS is not that much bad.
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You have raised a serious concern especially to newbie who are unaware of how to find good coins that will grow and give much benefits in the days to come. As far as I have knowledge about cryptocurrency, there are some factors like project team, its technology, the purpose, reputation and trust in the market are taken into consideration. Above all you need to research yourself about the project you are going to invest in. You can consult with friends, crypto experts as well.
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It is good news that the market is correcting itself after a long bout of depression. It has sent a cheer moment to investors and crypto enthusiasts. It seems that the entire world is accepting cryptocurrency in a way or another. Even those who were against cryptocurrency earlier are jumping into cryptocurrency to create their own currency. Cryptocurrency is winning the heart of the people.
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Your concern is genuine and I also agree with you on the matter. As the market is filled with also those on the look out for seizing opportunity to harness money even through illegal means. Reports say that many fake ICOs have fleeced investors and bounty hunters in the name of ICO. So to discourage and end such scam, regulators should be concerned with it and do the needful in taming it.
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There are many coins in the market and you can choose one after carrying out research yourself. You can hear from others on which coins are good and which are not. To find out good coins, you can research yourself, consults with friends and crypto experts, see news about the related projects, see its team and technology. I think you can invest in All.Me token.
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Yes it is right time to buy as most of good coins have declined to their lowest price. But the market at present is bouncing back gradually after a long spell of depression. So hurry up for coins. Of the coins you have mentioned, I think ripple and cardano are worth investment and they are sure to rise in the coming days. But they are for long term investment.
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In a free and competitive market, such thing is expected to happen. If one cannot perform well, another will surpass it and go on to dominate the market. So is happening in the crypto market too. There are many coins that have been established without their any goals and such projects are sinking also due to many reasons like financial problem. So the market will have only the good and competitive projects.
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I think the current situation of bitcoin and altcoins is good and but not very much as I think this market surging will not remain for a long period of time. Going by the news, there are many good news about cryptocurrency. Even JP Morgan previously critical of cryptocurrency has introduced its own digital coin, while many countries are accepting digital currency in a way or another. So the future is bright.
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Ethereum constantinople has been announced many times but has not taken place once so far. But this time this news may turn true, I wish. Ethereum constantinople will give hope to the coin that is declining in price. And it is also good news that coins are trying to compete in the market by upgrading their system and making the whole cryptocurrency more stronger.
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