Centralized financial institutions always look for reasons for criticizing bitcoin. After a drop on the price of bitcoin, fiat experts start to talk about how much investing in bitcoin is risky. We see very high fluctuations in traditional financial markets and nobody even gives a proper explanation. They only try to destroy reputation of bitcoin. But we haven't see them to say something about or criticize traditional financial systems that are under influence of manipulators and speculators.
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Since bitcoin goes up so high in 2017, it is not suprizing to see a correction in 2018. But the thing we have experienced in this year can not be named as correction. We have experieced speculations and manipulations in this year. If we saw some progress in adoption of bitcoin, it could have been only correction and prices start to go up after this correction.
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I wouldn't trust anybody except myself. If things goes wrong , there is only one person to blame and it is me. But I'm a open minded person and I'm ready to listen any idea comes from anybody. I would think about his idea and I seriously consider to invest an amount of money. If I do, I prefer invest personally and I don't trust people while I do trust in ideas and thoughts.
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To keep too many different coins is not reasonable and it is better to keep a few coins that you think have potential. Since it is difficult to control and follow prices of all, it is a better way. In order to choose right coins without suffering from a damage, you must be lucky and hardworker.
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Bitcoin is the strongest decentralized currency and bitcoin challange various kinds of rejections from parties like goverments and bank. They try to block adoption of bitcoin the world economy and development of new ways that can be applied transaction and payment. But they have limited control on bitcoin and they only cause some fluctuations on its price.
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Since we didn't see a progress in adoption of bitcoin into financial system. This caused a weakness on price of bitcoin and it made bitcoin vulnerable to manipulations and speculations. This week, we have experienced a slight drop on bitcoin price. This drop doesn't mean that bitcoin has lost its charm and it still has a greate potential. But problems will not be solved in a day and we need to be more patience.
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This drop can't be explained by black friday. I understand that everybody is trying to find an explanation for this sudden drop. ıt seems that price behaviour of bitcoin has changed a lot. We have seen a stable price for months and suddenly slight drop occured while people wait for a bull market. People must evaluate this new period seriously and necessary measures must be taken.
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Since their rules are different and profiles of investors are not similar to each other, it is impossible to say that there is a relation between trends of stock and crpto markets. Crypto is new to financial markets and we don't see a stability in prices and fluctuation is very high when compared to assets of stock markets. We can also say that they are alternative to each other which means that the money goes out from stock market does not go to crypto market, vice versa.
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This is just a normal day in crypto market. Don't worry for seeing such movements which may be at these rates. Also, this prices only can be realized if holders accept to sell their cryptos at these prices. Crypto holders would not let some whales to earn money from them by manipulating market. They have done a lot of things for buying coin for the cheapest prices and avarage prşces of top cryptos can't go deeper than now.
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Altcoins which can be holded for a long term are not so much and everybody knows them which they are ETH, ADA and EOS.There many other good altcoins worth to hold but it is very difficult to predict, find or choose a good altcoin which you'll gain a perfect profit.
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Like fiat currencies, every country will have their own crypto and price of an individual crypto will be depend on the performance of country which enforce it. At the end of the day, it means that use of fiat currencies is reduced and crypto currencies are evolved to fiat currencies. By this way, countries will have cryptocurrencies which are not decentralized.
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Since all losses fall onto the affected individuals, people must take any measure to make wheir wallets inaccessible by hackers. Before this kind of concerns will be solved many people would not consider to enter the crypto market. I think, it is very important that cryptocurrency exchanges must give users complete security of funds storage.
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Majority of investors see altcoins as short-term investments and most of them prefer bitcoin when compared with any altcoin. Bitcoin will stay to be at the top in dominance and the most important coin on market for years. Altcoins which are created continously doesn't mean they will dominate Bitcoin just because they are very large in number.
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I think the future of cryptocurrencies will be good. But it could be big problem to invest all of saving money, because will affect our family.
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In the Cryptocurrency market, selling with negative thoughts due to prolonged stagnation and price drop often results in loss. Cryptocurrency of potentially desperate for the future, may to sell and replace with others. First of all, we need to plan calmly.
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Price is still below what HDAC offers and the news and things to come. They should fix cmc listing if they wish to draw more attention. This coin probably one or two of the coins which will present what it offers. They are building Smart Factories with Industry 4.0, internet of things with smart cars, too many ways to commercialize.
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Assuming aren't experiencing the latest corrections of the market, what we buy is of great importance when buying. I'm trying to find the altcoins that will be quickly collected after a possible fall. Finally Hydro,Tezos, Stratis added it to my wallet.
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Sometimes a project announces that it will do airdrop and the price begins to rise. I don't wait airdrop to be concluded in such cases, I sell at the price that I find enough.
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While investing in crypto currencies, we can benefit from the ideas of others but ultimately we are alone with the results. No matter what you get, research project well and never spend all of your money.
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