I completely agree with the author, patience is the key to success. But the crypto currency market is so tempting and sometimes shows an excellent growth that it is very difficult to refuse quick profits. And in this trap comes a lot of investors beginners. They do not know how to wait and start to sell ahead of time. All this is only because of the small experience and the desire to quickly earn. But patience - rewards more than those who can wait!
Bitcoin really surprised everyone when it reached the price of 20 000 USD in 2017, but after that I quickly disappointed when I went down to 6000 USD. Most likely now everyone is feverish from such a deplorable situation, as many hoped for further growth but got a strong fall. All this is the fault of the usual manipulation of major players. Now it is turbulent to predict whether there will be again a huge demand for bitcoin as many already treat it more cautiously.
Thanks to the author for the information. I learned some points for the first time and consider this article to be very useful for studying. Of course, blockchain uses most scammers just for making money and without having the experience and special knowledge it is difficult to distinguish good ico from ico scams. I think that it takes more time to study such information, that it would be better to get into ico and not fall for the bait of scammers.
I believe that Altcoin will always be needed. The fact is that Altcoin is an opportunity to diversify the market of crypto-currencies and create competition, which of itself should be, since competition generates with each time the best projects and platforms, in other words, development. And we want the market for crypto currencies to develop!
I do not think that the ICO market will die, the maximum that can happen is a change or entry into the legal field. ICO is a new type of investment and even one can say quite successful. The fact that there are scammers, so they are everywhere and probably will always be. Another thing is that it became hard to choose the best ICO as the market is already well saturated with offers.
Most likely in the coming year, two crypto-currencies will be legalized, in other words will receive the official status of digital money, but most likely everything will be under control and with certain rules. The financial system really needs a reboot and crypto currency is not a bad option. But I think there are a lot of surprises in connection with these changes.
At first, I used ETH only to participate in bounty programs. A little later I started to collect ETH and wait when it grows to earn it. After a little bit, I started buying prospective tokens for ETH. As a result, I practically use ETH in all directions, except for trading, since I have little experience in trading.
Definitely everyone is waiting for the trend reversal. But when exactly it will be, here is an interesting question. And most likely the turn can be when the ETF is accepted. There is also news that new video cards are getting ready for the market and you know who should buy them. Even these two events are able to really unfold the trend and send at least bitcoin to the moon. I think this is what everyone is waiting for.
As for Etherium, there was information that it would be specially dumped from a recent speech by Vitaly Buterin, where he allegedly spoke ill of centralized exchanges. But I think it's Bitcoin. It is because of the bitcoin that Etherium and other altcoins are being sold and all the means are being invested in bitcoin. And on bitcoin spend their manipulations. I think we just need to wait and soon there must be a trend change.
Investing is always a crucial moment and everyone must make this important decision himself. I also think that it would be possible to consider new ico, but which have their own coin and it is already traded on stock exchanges. Since in the process of distributing the project the price of a coin can grow significantly and you can earn money on it. As for investing in top coins, now the systation is not unique and it is difficult to make the right choice.