I do not think it is that bad that there is an intense movement in the exchange market. The fact that there is greater competition between them can only be beneficial for users, since it is likely that they will be forced to offer more advantageous services to deserve the preference of potential users. And in fact, compared to the Forex market, the number of exchanges is truly small compared to the hundreds of Forex brokers that exist today.

In fact the vast majority of the altcoins that are emerging at this time are the result of the great advantages that for many developers implies the possibility of capitalizing their projects through an ICO, which is why many of the new altcoins are rather the tokens developed to support those projects in the blockchain. Therefore, I think it is a good sign of the enormous potential of this market, given the ability of the blockchain to adapt to a large number of sectors of trade, finance and technology.

Undoubtedly, it seems that from the beginning the ICOs were the ideal business scheme that many fraudsters had always dreamed of, given the great euphoria that the issue of cryptocurrencies was unleashing and the little regulation that existed in these investment schemes. However, time has been in charge of unmasking the great weaknesses of the ICOs, and I personally see no motivation to continue investing in a product often nonexistent, whose chances of generating great benefits has been gradually decreasing to become an ideal way to throw our money away.

I think this year has been a great learning experience after a 2017 that was really a giant bull trap that brought many unsuspecting people to ruin. And from my point of view, one of the great lessons I have learned is that to date Bitcoin is the only crypto that has shown sufficient resilience to continue dominating the market at all times, despite the continuous development of new altcoins that promise to be the next "big thing" and end up being subdued by the King. Therefore I will persist in my accumulation of bitcoins, and only eventually I could acquire some altcoin as a simple instrument of short-term speculation.

In fact, the main concerns that bitcoin developers should worry about are beyond the political or regulatory scope that OP talks about. No matter how much effort the governments of the world make, reason will prevail and the global economy will gradually understand the need to change to a more decentralized economic and financial model, in which the blockchain can play a very important role.

In my opinion, all the efforts of developers should focus on solving the technological problems of this cryptocurrency, which involve a wide variety of issues such as scalability, energy consumption, the dangers of quantum computing and much more.

It is to be expected that in these times of uncertainty and hopelessness, people are permanently waiting for any sign, however minimal, to grasp it as a lifeline. The downside of this trend is that people tend to lose market perspective from a broader point of view; if all those who preach that "the market is about to moon again" give themselves the opportunity to observe the historical behavior of bitcoin, they will discover that the big pumps are isolated events that have only happened a few times, so they would think about it twice before trumpeting their overconfidence.

I don't think so, because the previous occasions in which some bubble burst was due to the fact that they were assets that had been overvalued, on which a great expectation had been built that generated an emotional reaction from the speculators that led them to invest frantically in something about which there was no certainty. In the case of bitcoin no one doubts how valuable it is, or how important it will be in the near future, although we must admit that at the end of 2017 there was also an intense speculative wave around it which led the price of bitcoin to the high levels observed then.

No, I do not think the bitcoin will fall, but neither think that its price will increase as much as many used to forecast some time ago, nor do I believe that its popularity will be so large as to be used regularly in most of the world's great stores. In fact, I tend to think that as time goes by bitcoin will begin to behave in a much less volatile way and in the near future may share its popularity with a lot of altcoins and financial technologies to come.

Indeed, I think the current behavior of bitcoin carries a strange paradox: if the price remains as stable as it has been for a long time, many might think that the market has matured enough to mitigate the high volatility that has made it inconvenient for its adoption by large companies and stores.

Therefore, when they start to intensify its use this could rekindle the speculative wave that implies the desire to hoard bitcoins, which in turn would lead to an excessive increase in its price, so I think it is more likely that we will see a recovery very slow and gradual in the coming months.

To be honest, my motivation to continue holding is due more to a lack of imagination to do something better with my bitcoins right now, than to a solid hope that the price of bitcoin will really skyrocket to levels close to a million dollars that many bitcoiners dreamed a few years ago.

Therefore, I would be willing to sell at least part of my bitcoins as soon as I see that the price offers me an acceptable margin of profit, and not because of lack of faith in the future of the cryptocurrencies, but because I believe that bitcoin was designed for a host of useful and practical things, but not as a long-term investment instrument.

The market is falling so drastically, that I think there is a lot of uncertainty about it, and it is usual that under these conditions the potential investors tend to retreat enough to expect more optimistic conditions. Meanwhile, the hodlers do not seem to have any alternative but to continue holding, because selling at this point seems unfeasible for those who refused to sell at a price three times higher.

The bounty hunters are not guilty of anything, to the extent that they have contributed in an extraordinary way to promote projects that otherwise would have had to expend important amounts of money in making their projects known. It must be taken into account that most bounties do not exceed 2% of the capital raised, which is a ridiculous amount when compared to ordinary advertising expenses, which often go beyond 50% of a company's budget.

Seeing the historical performance of the crypto market, there have been multiple cases of altcoins that having reached a significant value, have fallen in such a way that practically their current value is zero. Therefore it is perfectly possible that virtually any cryptocurrency could lose all its value in the long term, and even more if we take into account that sooner or later the current cryptocurrencies will become obsolete in the face of the inevitable technological advances of the cryptos of the future. So I believe that the current critical conditions of the market have taught us that we should be smart enough to buy and sell at the right time, without blindly committing ourselves to the idea of "hodl".

It is impossible to compare these events because in reality the cryptocurrency market is only at an early stage of development and has never become significantly large enough to generate so much uncertainty and pessimism. In fact it seems to me positive that this sudden fall has happened so early, because in this way the market will grow at a more natural pace without the great pressure that was beginning to exert the great speculative wave of 2017.

I have about two years investing in cryptocurrencies, but my biggest experience is in the Forex market, where I have more than seven years of experience with a very productive performance after a hard start. In addition to that, I am trying to invest a portion of my earnings in a long-term retirement fund; although its profitability is low (approximately 10% annual yield), but I think it is essential to look for safe havens in these times of uncertainty.

My friend, one of the things I have learned from this market is that given the great uncertainty and volatility that has prevailed in this market since the beginning, we can always expect a good opportunity to buy at an affordable price. Even when the price of bitcoin reaches over the $100K barrier, many will be waiting for a dip to the $50,000 to buy bitcoins massively, so take advantage now that the price is below $10K before it is too late.

It seems very poor and limited your belief that out of bitcoin, all other cryptos are shitcoins, because in these moments of the development of applied cryptology, is more than evidenced that bitcoin is still far from being the perfect cryptocurrency, so that many legitimate projects have emerged that offer adequate and functional solutions to the weaknesses that bitcoin has. And seen from that angle, it is undoubted that the bitcoin is a bubble for the simple fact of being worth so much, knowing the great limitations that it has.

I think that experience has shown the great futility of technical analysis to make accurate predictions about the future performance of bitcoin. In previous moments, many predicted that the lines of $1,000, $5,000, $10,000, $15,000 would be important resistance levels, but were broken without any problem by Bitcoin. What is a fact is that it will be difficult to repeat a period of speculation as intense as that experienced in 2017, but we all know that almost everything is possible in this unpredictable market, so it is really worth to keep and hold some coins for long.

Despite the drastic fall that the price of bitcoin experienced recently, I still think there is enough room for the price to move in swings for a little bit more. But to suppose that "Hodl" is still a convenient option for everyone does not seem right to me. I think the best times to commit someone in such a way with a cryptocurrency have already been left behind, and from now on we should get used to a more stable market where prices will remain for long periods moving in narrow ranges like the current one.

My friend, $1000 is a good amount of money when you first start in this business. Taking into account the great effort involved in earning that money and your little experience in the market, perhaps it would be more convenient to start with a conservative portfolio just to prioritize your learning about the behavior of cryptocurrencies. Therefore, I would suggest investing most of it in more stable cryptos such as bitcoin and ethereum, maybe 70%, and the rest in different altcoins with good growth potential.