If eth falls more today, what will raise the price in the twinkle of an eye can raise it. Sometimes, it depend on the developer and other stakeholders. There is no cause for alarm. Ethereum is one of the most useful coins that we presently have, so there is no way it can be totally discarded and that which cannot be discarded has every tendency, with more developments to back it up, to grow.
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Projects coming up with new developments to support their coins, will continue to remain relevant. When it comes to the adoption of a coin, it is mainly concerned with the product. When a coin has a good product and sometimes, not just one product,but series of products. Which is one of the reasons why we see some coins grow, despite the situation of the market.
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OP, i was first confused when i saw your topic, because i thought your intension was not good, but on seeing the content, you have really made and talked a lot of sense. So many people make a lot of mistakes when investing. I do not know why people will see a shit coin that has pumped and yet go ahead to still invest. There are strategies to go by while investing.
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The building of smart contract of ICOs on ethereum network, was what brought about the tremendous increase in the price of eth and at that time, cryptocurrency was booming, so it was very easy for eth to rise fast. The ICOs that have enabled the rise, are also the ones that are bringing about the fall, because virtually everyone involved in altcoins or tokens that are on eth network are dumping eth. If only it stops or reduces, then eth will gain back its ground. Also, for now, nothing is able to replace eth.
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If you are truly a trader that is skilled at trading, then you won't be afraid of a fallen market, because that is the time that skilled traders make it most. Why do you think most people are now opting for trading? It is because other aspects, although not all, seem not to be lucrative at this time, except for long term holders. I do not need to be afraid, but to make good use of this opportunity.
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Fear is a weakness in crypto that can bring about loses. Most times, the fearful ones ten d not to last long in this space and they are the ones that go about asking questions like "will the bear continue?" They do not have the gut to withstand the challenges attached to cryptocurrency, which is why they are easily affected by FUD and you see them panic sell.
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This fault sometimes, might not come from the projects itself, but the market situation which determines the price, alongside other factors can bring about this effect. I have seen quite a number of them dumped. Even if the project team decides to do a buyback, there is little to how far that can go,because after the whole buyback, the price might dump again. So organic growth most times is the best.
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Predictions might be found to work sometimes, even if it is nit accurate, but there are times it might just go wrong and you may even blame yourself for following such. So many people predicted the bottom, yet it keeps falling. Well, it seems the fall is about to stop and we are likely to have better reactions on the part of the market soon. I can't just wait for it to surge.
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Whoever refuses to learn from his or her mistakes, might likely repeat such mistake again and this time it might be worse than the first. Just because we are humans, there is every likelihood for us to make mistakes, but nature expects us to learn our lessons and not repeat such again. I have made a lot of mistakes and just because i am always after learning, i was able to overcome them.
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That was the collapse of ETH, because most of the airdrop and bounty programs were through the ERC-20 platform. Do you think the same thing happened?
That is not the reason, because it is not every project that uses ethereum platform that is paired with eth on exchange, because the only way I feel that can happen beyond control is when they are all paired with eth. Then after that, by the time the eth is dumped at ridiculous prices, it will then affect the general market, but this might not last for long.
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Before i decide to partake in a project in the crypto space, the first point of attraction for me is their website. By so doing, i would gave surveyed through the site, by studying it's contents, the whitepaper, the roadmap, the team of the project and some other things and of cause, in locating their social media platforms, it would have been seen on their websites.
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I know of people who are into Facebook bounty and are still on it. Also, i can say confidently that Facebook did not ban cryptocurrency entirely , but that there might be some controls over it. To my surprise, the project i promote on Facebook uses the hash tags of #bitcoin #blockchain other cryptocurrency terms, yet it has not been banned and the bounty is still on.
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This month might mark the last time we would be seeing bear market. Very soon everything will be back to normal and what we will be looking at, is the bull run. Time is really running fast and before you know it, December would have ended. I am not looking at XRP that is now in second position, because i believe eth will take over when the time comes.
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I believe cryptocurrency is still in use in China, it's just that it is not yet official. I have seen quite some number of people, most especially those i know, whom are merchants. They buy goods from China using cryptocurrency and that has made the transaction between both parties to be easier. The only issue China may have on this, is the tax evasion, which most government are agitating for.
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Hacking is one of the biggest obstacles to the cryptocurrency market. 1- Ever been hacked? 2- Lost your coins in an exchange hacking? 3-Did the exchange pay you back for lost coins?
Please share your story, and give some TIPS on how to avoid being hacked.
One of the reasons hacking is not healthy for the system, most especially cryptocurrency, is because hackers dump the stolen coins at ridiculous rates, thereby, causing the market to suffer more bear. I have never been a victim of stolen funds, most especially on exchange, because i keep my funds in my private wallet, that I have full control over, through the private key.
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I do not know how one would hate himself and still expect to succeed. You can hate your actions or decisions, but nit to the point of hating yourself, because with that, you will continue to make wrong decision. The reason being that you will not expect any good thing to come out from you. Also there are still many ways to earn from the crypto space. People are still earning, so learn one of the ways.
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Buying when price is rising might not be a good idea, because are likely to end up losing when the market falls again. Instead look for good coins to buy during bear market,most especially when there is serious bear. It is wrong when people wait for the market to rise before buying coin, just for the fear of not missing out. When there is FUD and price has dropped, you can buy then and sell when there is news.
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We might see a better performing market in this new month, also the month that culminates the last part of the year. There might be higher market capitalization, prices might go higher, ethereum might remain at that third position, which invariably means that xrp will maintain the second position. The change might not be feasible at first, but with time, it will become more evident.
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forget about bitcoin which fell to the value of $ 4,570.01 some time ago and etherum fell to a value of $ 136.14. see the current market, how the market is again marked green, although the increase is not significant. Will a bull run happen soon? not necessarily. but at least this is a sign for us to always believe in crypto that prices will not always be red, there must be a chance for green again.
There is only one thing that is constant in this world and that is change. Everything is bound to change no matter what. Which is why no matter how long red market lingers, we will still seethe green candlestick. Which is one of the reasons why i am not perturbed, because i know that there will be improvement. We might not really see it now, but i believe a great change is coming.
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ICO is one of the best things that has ever happened to blockchain technology and cryptocurrency at large. Although, some insincere people have taken advantage of it and just because of the way so many crypto enthusiasts have come to like and accepted it, the so called scammers have taken advantage of it and using it to scam them. There are still genuine ICOs, if one can search.
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