I do not think that Ethereum is better than Bitcoin because it is completely different cryptocurrencies and they can not be compared. As for investment, now is a great time to buy any promising altcoin.
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I'm guessing you bought the altcoins at their height. You have two options: the first is to wait until the market starts to grow and sell your altcoins to breakeven, the second is to sell now and fix losses.
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I believe in cryptocurrency because I think blockchain technology is very promising. I am sure that in the future cryptocurrency will take a strong position in our society and we will use it in everyday life.
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If you could see, the prices for all altcoins have dropped significantly due to the correction in the market. So I think that now you can buy any altcoin you are interested in.
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Bitcoin may still fall in price, but I think that below $ 5000 the price is unlikely to fall. I am sure that this correction will end sooner or later and Bitcoin will return past positions, and possibly update the old highs.
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I fully agree that all beginners who are just beginning to get acquainted with the crypto currency need to study all the nuances and principles of working with the crypto currency, as well as technical and fundamental analysis.
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I very much doubt that litecoin Or any other altcoin will be able to replace Bitcoin in the near future. Perhaps in a few years the situation will change, but so far the cryptocurrency market is dominated by Bitcoin.
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I think bounty hunter's job is much easier and less stressful than a cryptocurrency trader. In addition, in order to successfully trade on the crypto-currency market, you need knowledge and experience. However, this is only my opinion, for someone on the contrary easier trading than bounty.
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People sell their altcoins at a loss because psychologically they are not ready to wait for the market to grow again. I think that these people have little experience in investing in cryptocurrency and therefore they are not ready to wait long.
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The fact that the market capitalization of the cryptocurrency market has decreased does not mean that the entire cryptocurrency market has collapsed. I think that this whole situation is temporary, created artificially and sooner market or later will begin to grow.
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I have heard about cryptocurrency for several years, but I started to study and deal with it only 1.5 years ago. I think that the cryptocurrency has a huge potential, but favorable conditions are necessary for its development.
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I only do bounty campaigns, because I like it and I think this direction is promising. Of course, trading is a more profitable direction, but in order to trade successfully you need knowledge and experience.
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Now the entire cryptocurrency market is going through hard times, and it is possible that the price of your altcoins will fall even lower. Sell or keep on your altcoins is up to you, but no one knows when the market will start to grow again.
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Before investing in ICO projects, I would recommend a more thorough study of the project chosen for investment, assess all the risks and only then decide to invest or not. All this is necessary because now there are a lot of scams on the market.
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I agree that cryptocurrency is very much subject to attack from hackers. However, this is not a reason to completely abandon the cryptocurrency, you just need to pay more attention to security.
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Yes, I agree that many tokens and altcoins will disappear over time, because this is how the market works. However, I do not agree that there will be only those altcoins that are used to pay for services and goods.
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Yes, I agree that there are a huge number of altcoins, but none of them can replace Bitcoin, at least in the coming years. However, no one knows what will happen in 5 years, and what will happen to cryptocurrencies.
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Indeed, now there are a lot of different ICO projects on the market, and every day they become more and more. I can say with confidence that most of these projects will not be able to be implemented, because they have no prospects.
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Cryptocurrency exchanges are not a secure place to store tokens, and they are not designed for that. It is best to store your tokens on the myetherwallet wallet or on the cold Trezor wallet
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In order to be able to identify promising ICO projects, you need a lot of experience. First of all, you should pay attention to the project team, product, advisors and white paper, but all this does not guarantee that the project will not be a Scam.
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