As expected. Ethereum has shown the fact that it could stand by itself and hold it's market together without been weaken by volatility of bitcoin. As we all know, every Altcoin derive their value from bitcoin this position seem to be changing for ethereum.
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Ethereum has been my most profitable coin till date. I bought the ICO at that time less than 50,000 sat per coin and right now Ethereum is 10Million sat. It has really change my finances for good. Considering the fact that I was newbie at that time, I didn't possess any special skill to have been able to amass such wealth to myself.
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It is actually bitter sweet situation. When you look at your portfolio and you see 80% decrease in your entire cap, your head will start turning and you may not even recognise the opportunity presenting it's self at that moment and trust me there multiple opportunity been created by the event of general price decline.
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I am not surprised that China bans cryptocurrency trading and exchange, China is closed society and the idea that they could suddenly embrace cryptocurrency that pushes idea of freedom beyond democracy is preposterous!
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Low price excite the experienced and low price on the other hand scare the hell out if the new investors! So the excitement during low price of bitcoin and other cryptocurrency is totally depends on who is buying or selling!
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KYC for bounty hunter that hunt in signature campaign or twitter or facebook is totally and completely irrelevant. This bounty hunters are like fan of their individual project. They only promote and not necessarily buying. They are not customers but supporters.
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There will new price alt for every coin that survive the bleeding period experienced in the market. The amount of FUD and rumour that trigger selling of bitcoin and some Altcoin is enough to drown any asset yet bitcoin and Altcoin are still standing.
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Litecoin can easily replace bitcoin in the event that bitcoin become unsuccessful. However, ethereum has been successful in setting up many businesses and novelty idea that appear progressive but would ethereum serve as a payment system that can handle world wide transactions!
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No matter how appealing and good vibes surrounding a coin or other asset, never go all in for any investment. Investment terrain is very unpredictable and you can not say for sure that what you invest in will bring profit!, you may even lose everything.
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Ethereum in this year will be very valuable! The scaling plan and the huge uses for ether is going to push ether price the new height! And my prediction is that ether will be $3000 to $5000 by the end of 2018. So what are you going to do with this information!
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It is amazing how things change in cryptocurrency ecosystem. Before now it was slack that provide social presence for ICO then slack started allowing bot to phish a lots of users account and now there is migration of crypto enthusiast to telegram. Many successful ICO hold part of their success to telegram and this trend is going to continue.
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Actually, I don't see how porn could be used on blockchain yet! Porn is everywhere and there is no particularly any revolutionary idea needed for porn. And if there is anything to benefit from putting porn on the blockchain, it will be porn decentralisation of which it's not clear how that could pan out!
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For example; my local TV station ran an extensive news coverage on bitcoin and everything said was junk! The most funniest part was the part where they concluded that Bitcoin is dead and people should not bother buying! I was so petrified at their ignorance.
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So we should be expecting twitter to also follow suit. The incredible amount of coordinated FUD against cryptocurrency these days is staggering. I am sure a lots of newbie will panic sell and many recent investors in cryptocurrency will be burnt. I hope we can help with some educational thread.
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Thisis another dip and if you don't have plan to buy this bear already this is the time to get one. The bear might go on for S while considering the amount of FUD be perpetuated on daily basis. These event is creating opportunities for you to buy Bitcoin cheap.
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Altcoin from time to time will appreciate and depreciate in market price this doesn't mean anything it is just natural volatility that is second nature to Altcoin generally. The time for Altcoin to appreciate will come and if you don't know what you are doing with your portfolio, there will be a lot of regret.
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It is natural that when bitcoin is decreasing in price, investors usually put their fund in Altcoin to avoid depreciation. Ethereum is becoming the toast of all investors because ethereum had proven itself to be a solid stand alone platform that can lead cryptocurrency in the future.
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Ethereum Is the next big Altcoin. Ethereum has surpassed many Altcoin in network stability and use. And there is planned development that is been carried out in Ethereum. Another thing is ethereum has a leader that is constantly steering it to adoption and development.
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All these FUD storm that is been concorted and dish out to the public is not accurate. I am sure cryptocurrency enthusiast will not be moved by these deliberate attempt to discredit bitcoin and the technology behind it.
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I see decentralized social media coming. Many changes that are coming in the future will make you wonder if we ever lived and accept the centralized control of some of the tech we enjoy today. People all over the world will be so decentralized in the services been provided to them and they will not even be aware of it.
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