Ripple is a very promising coin, it is used in the real economy. But the popularity of this altcoin will never exceed bitcoin. In addition, the ripple is a centralized coin, this is a serious drawback.
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Will the Crypto markets collapse? You can not discount the possibility!
A market collapse will happen sooner or later, because bitcoin and other coins are not secured. In fact, they cost nothing. When people realize this, prices will collapse and something will happen to tulip bulbs in Holland.
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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?
I do not think that everything is so bad. The price of ethereum fell very much, it is true. But this is a general trend of the cryptomarket. It is believed that this fall was organized artificially for the purpose of speculation. Perhaps in a few months the ethereum will cost 500-600 dollars, it is quite likely.
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The last 5-6 days the market shows an interesting trend. Some altcoins have risen in price by 20-25%, despite the fact that the price of bitcoin has not changed. For example, ripple and bitcoin cash go up. In my opinion, this is speculation and soon the value of these coins will fall.
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I used to spend 4-6 hours a day participating in bounty campaigns. Now much less, no more than 1 hour per day. This activity does not bring any profit, except for a small number of tokens that cannot be sold.
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Bitcoin To Drop As Low As $1000 This Year, Wall Street CIO Predicts "I wouldn't be surprised if over the next year it's down to $1,000 to $3,000," Is this going to be real or not ?
I hope this will not happen, although Bitcoin can fall in price to 5k at any time. Obvious is the fact that there are no prerequisites for the recovery of the market and the appreciation of cryptocurrencies. Investors are frustrated with bitcoin.
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No ratings can not be trusted, because most of the ratings are done for money. Just as tokens are added to exchanges for money, ratings are bought and sold. A high ICO rating on a website does not mean a good project prospects.
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Altcoins continue to depend on the price of Bitcoin, so the fall in its value has a negative effect on the entire market. Until bitcoin starts to grow steadily, altcoins will not become more expensive. The problem is that the recovery period will not start soon.
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Now is a very difficult situation with bounty campaigns. Most of the projects are unprofitable, there are also a lot of scams. Even if you received your tokens, it does not mean that you can sell them. Most often they are not traded on the exchanges.
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The last 2-3 days Bitcoin Cache really went up in price very much. We could even say that this movement was not related to the general trend of the market. But I doubt that this coin will be able to maintain a positive momentum for a long time. In the coming days, the price will return to the previous level.
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Cryptocurrency can be stable only after the implementation of state regulation. But this process has not even begun. Without regulation, the market is controlled by speculators, so the value of coins fluctuates contrary to the laws of economies.
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Blockchain technologies are evolving around the world. But cryptocurrency, as a result of such technologies, does not attract investors. I think that in the next few years the price of bitcoin will decline, this will entail the depreciation of most altcoins.
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If you bought altcoins in the spring of 2018, now losses are about 50% In the world of cryptocurrencies, these are not such big losses as in the stock market. If bitcoin starts moving up (this is very unlikely), then altcoins can go up in price in two to three weeks.
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This year was very bad for ICO, most of the projects brought investors only losses. Some could not even add their tokens to the exchanges where they could bargain. But the next year, 2019, in my opinion will be even worse for the ICO and cryptocurrency.
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Who is responsible for fraud projects. doesn't that cause a lot of losses and what punishment is worth.
It is difficult to prove the fact of fraud if you received tokens. Issuing them is not a problem. But what will you do with them if after ICO the cost of these tokens is much lower than at the time of purchase? Developers will offer you to wait until the price rises, and this will continue forever.
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Ethereum has a very bad future, the coin does not develop, and I do not see any prospects for it. If the developers do not apply new technologies, the ethereum will continue to fall in price and will cost several dozen dollars this year.
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