When Bitcoin dropped to $ 7,900, almost everyone said that this was a good chance for investment, but I'm not sure that all followers of this advice.  To date, Bitcoin has risen by almost $ 2,500 in a few days and everyone understood what mistake he made.  Personally, I make investments in Bitcoin every month, allocating a certain amount of my funds, but still I need to take into account the moment that investments in Bitcoin will bring good results not in six months and maybe not even in a year, but after a significantly long time.

Today I have more confidence, for example, in ethereum and other coins, which look very promising and have every chance for further practical use in every person’s daily life.  But nevertheless, I almost every month invest a certain amount of money in Bitcoin, too, because most likely I am subject to the universal charm of Bitcoin, which nevertheless inspires me with Great Expectations and confidence in future prospects.  Although I really cannot explain my actions in any other way than hope.

Until recently, I always paid attention to forecasts and looked closely at many Signals in order to give myself confidence in obtaining good results from trading, but as it turned out, in most cases these Signals were aimed at misleading inexperienced traders.  I was convinced that daily trading, like long-term trading, has very good potential, but the results depend not only on the correctness of the selected coins, but also on the time that a trader has for his activity.  Daily trading is an almost uninterrupted observation of what is happening on the exchange.

There are still quite a lot of very good exchanges on the cryptocurrency market, but I also have to use little-known exchanges, because I own tokens that are only traded on certain exchanges.  Nevertheless, for me, the best exchanges were Binance,  bitmax, bit-z, Bitrex and hitbtc.  Each of them has its own very good functionality and interface.  For example, Binance is very well balanced technical and every trader will support me in this.  But as for Bittrex, recently a lot of negative information has appeared that this exchange is leaving the market and other fraudulent projects appear that use the name Bittrex.  I don’t even know who to believe in this situation.

Of course, I understand the clarity of the question posed, but nevertheless I want to draw attention to the fact that it is more profitable to invest not only in Bitcoin, but also in other cryptocurrencies, which are in the top ten of the cryptocurrency market rating.  Why is there today a safer form of investment, unlike ico companies, and this is IEO.

Many people express their opinion that it was precisely because of the statement of the Chinese government that the cryptocurrency market made such a sharp leap in pricing Up.  As Chinese officials have officially stated, they will support the blockchain, and will also work on the creation of their national cryptocurrency.  In any case, every cryptocurrency user knows that the largest number of Bitcoin miners is located in China.  And if China cooperates with the cryptocurrency market, then this will positively affect cryptocurrency all over the world.

During my activity in the cryptocurrency market, I managed to earn a lot of coins thanks to the Bounty company.  Since 2016, several dozen tokens are in my wallets, but almost all of them are not traded on exchanges.  Of course, I understand that in past years quite a lot of ico companies were fraudulent, but today, when control is higher in relation to a new project, coins after listing are still ten times cheaper than the price set by the developers.  In this situation, I personally am in difficulty because I do not want to sell what I spent on my personal funds or earned.  But how long to wait for an improvement in their pricing is almost impossible to predict.

I am sure that those cryptocurrencies that have reacted to changes in the price of Bitcoin in the last few days are profitable for investors to pay attention to them.  I believe that only promising projects show their relevance in the cryptocurrency market if the market experiences a certain improvement.

One way or another, today Bitcoin is valued primarily for its volatility, because traders and speculators get a good income due to price fluctuations.  Few people are interested in using Bitcoin as a means of payment, but nevertheless, to achieve these goals, you really need to have more stable prices for Bitcoin.  The stability of Bitcoin will depend primarily on the increased interest of investors in this coin.  But until the scalability problem is resolved, large investors will not enter the Bitcoin market and the prospects as a means of payment look too vague.

I think that a good indicator today is a clear decrease in the capitalization of the entire cryptocurrency market.  Of course, you might think that many cryptocurrency users sell cryptocurrency and withdraw their funds to Fiat, but to some extent, speculators who, thanks to manipulations in the cryptocurrency market, earn cryptocurrency and convert it to dollars, thereby not caring for the future and reducing the capitalization of the cryptocurrency market  .  But nevertheless, if we compare the indicators of the highest-rated cryptocurrencies, Bitcoin and Ethereum at the end of 2018, with the indicators for today, then I am sure that these indicators say very differently, that a fairly large number of people are still interested in cryptocurrency.

The fact is that for the whole of October in the media a lot of negative information appeared regarding certain cryptocurrencies and new projects, which very poorly affect the pricing of even the most promising coins.  I agree with your opinion that this situation was provoked specially so that big Whales and speculators profit from the panic mood of cryptocurrency users.  I am quite sure that by the end of the year we will have the best indicators in the market and the current situation should be corrected within a few weeks.

Of course, you spoke very correctly about why you should provide passport data to investors, bounty hunters and other cryptocurrency users, but for some reason, providing KYC by users does not protect them from company fraud.

If a person brings harm to himself, then this is his personal business, if only his actions would not harm others.  In turn, I would single out very dangerous phenomena for any state and its economy, and first of all it is corruption of officials and unprofessionalism of the government.  This is the most important reason for the poor state of the economy and the lack of social benefits for citizens, even the working class, of any country.

It is very strange to believe that paper money is a scam.  When paper money was created, no one had suggested anything better to replace gold and silver when using it as a means of payment.  History shows how people and rulers manipulated gold and silver coins, reducing their weight, although their equivalent value did not change.  This problem was resolved with the release of paper money.  But today, non-cash payments occupy a special part of all financial transactions in the world, but we must also take into account the fact that a special layer of the world's population still uses paper money and will not refuse them, at least in the near future.

Since we live in a world of high technology, in any case, digital currencies will be recognized as the best and most profitable for non-cash payments.  But one must take into account the fact that paper money will still exist as long as it is claimed by a significant part of humanity.  Regarding gold and Bitcoin, Bitcoin still has to prove its potential in contrast to gold, since cryptocurrency today is a valuable asset for those who want to earn using high volatility, but few people worry about what the future will be about cryptocurrency and will  whether Bitcoin is used as a means of payment.

Of course, you have taken the path of least resistance, since you can have good profits with minimal risks, since the highest-rated cryptocurrencies have very good prospects and are always relevant for investors.  But from the point of view of increasing profits as a percentage and for a shorter time, you can consider investments in other projects, but for this you need to conduct a very thorough Technical analysis and at the same time choose not only those projects in whose prospects only speculators are interested, but  and those projects in which society is really interested.

A truly long-term investment is a very good choice in order to improve your portfolio.  Nevertheless, it is very difficult for beginners to implement this, since the whole difficulty of this activity is to choose the most profitable and promising projects.  The ability to analyze all available information is the guarantee of success.

Of course, you can blame people who conducted too aggressive cryptocurrency advertisements back in 2016, which is why many newcomers without sufficient knowledge wanted to earn big money and as a result got huge problems.  Nevertheless, each cryptocurrency user expressed his opinion that you should not be abused and hope for large profits, if you do not take into account the big risks.  In any case, activities in the cryptocurrency market should never jeopardize the home budget and personal well-being.  It is almost impossible to bring everything back under the current market conditions, but the person who made such mistakes should explain at least what he hoped for.

Bitcoin, in any case, remains a highly liquid cryptocurrency, which is valued primarily because of the ability to earn huge funds due to the volatility of Bitcoin.  In addition, Bitcoin is also a very popular asset for long-term storage today, especially considering the forecasts that its price will soar to several hundred thousand dollars.  But if we take into account the problems of scalability and security of Ethereum, then I think that Bitcoin has much more scalability problems.  Moreover, if you take into account that with the growth of prices for ethereum, new projects, such as ico companies 2016-2017, will take advantage of this situation, then I am sure that a mechanism will be created to monitor such projects so that there are no problems with fraud and junk coins.

Until the cryptocurrency market corrects and gets rid of junk coins, so that the cryptocurrency market capitalization is concentrated only in more popular projects and projects that will have good prospects, we will not be able to hope for good results in the cryptocurrency market.  Until this happens, we will constantly observe sharp fluctuations in cryptocurrency prices and the situation as in 2017 will not happen again.  In addition, you need to take into account the moment that the Bitcoin scaling needs to be improved in any case in order to improve the position of Bitcoin and thereby improve the state of the cryptocurrency market.