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Yes you have no other choice than to continue holding unless you want to lose all your investmebts at a cheap rate and that will be a huge loss for you. The market will recover and start growing again soon while the prices of coins will get back to their normal price and moon again. So have more patience to continue holding and very soon I believe the crypto world will put smile on all investors face and bring us fortune.
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Do not panic to sell your coins you at a very low value. Market declining is not a new thing in crypto world and I want you to know the decline in crypto market is just for a while because very soon the market will recover and begin to grow again. So hold on to your coin, do not sell on a cheap rate; if you have enough capital you can even buy ans invest more now so as to sell when the market recovers and coins price grow higher again, through that you will get a huge profit from you investment.
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I still believe in ETH even though its price is depreciating every day. ETH is the leading altcoin and the best coin after bitcoin and it has a very huge popularity among ICOs. So ETH will never die, its price depreciation every day is just due to decline in crypto market and very soon when the market survives; ETH price will moon again.
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I think you should not invest all your $600 on ethereum only because the crypto market has been bearish and the price of ethereum as been going down and down. Though buy and investing in ethereum is a good idea but I will suggest you invest only $300 on ethereum. The remaining $300, you can invest it on different altcoins of your choice. There are many altcoins you can invest in like Litecoin, Hero coin, Matrix AI e.t.c
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As an investor that understands crypto market very well, I think you need no reason to be panic and sell all your investments on a cheap price. Do not panic because the market is depreciating everyday. The price of coins might be depreciating now but I believe in some weeks to come from now, the price of coins will begin to moon. So do not panic and sell just see this a opportunity to buy and invest in more coins. Then sell them when the market survives again for you to realize a huge profit.
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Long term investment is always the best method for you to adopt while dealing with crypto currencies. There are some coins that requires a long time either months or years for their growth in value. If they are on a low price now, but within some months or years their price will begin to increase hugely. So the best thing you can do to make profit from such coins is to hold them for a long term investment. There ate many good coins you can invest in like bitcoin ,ethereum, litecoin, ripples e.t.c..So long term investment is the best for you to realize a better profit from sale of coins.
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I see no reason why you will be comparing bitcoin with litecoin. Litecoin is just like the rest of altcoins and a coin which is not widely used or demanded like bitcoin. Bitcoin is the father of all crypto currencies and it is greater than litecoin both in value and quality. Bitcoin is around $6,400 while litecoin is just around $59. So do not compare bitcoin with any coin, not even litecoin.
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If you have enough capital I will suggest you buy BTC because that's the best and most reliable coin you can invest in. The profit return rate of BTC is mouth watering because it is a coin that it price increases hugely every year. So it is good and better to buy BTC and hold it for a long term. Then in some years when you sell it later, you will realize a fortune from it.
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Ethereum as a crypto currency is a widely used currency among ICOs as their payment blockchain because of ETH possession of smart base contract functionality. So it has become a more popular coin and it is the best coin after bitcoin. So it has the potential to be great later in the future and I see no reason why its price will drop as low as $50. So I do not support you saying ETH is on the road down to $50. ETH price is still around $280 now and the market will definitely survive soon. Then its price will go higher again. So ETH can never go down as low as $50.
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I have completed KYC My email : Olaposieniola@gmail.comMy status KYC is: verified and complete Join the Telegram Campaign and facebook campaign spreadsheet NO. FACEBOOK : 477 spreadsheet NO. telegram : 175 ETH address : 0x17EF3111f876eAa7fbd8Caa3d6930AfBF33f69AB |
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I'll never advice you to quit your job for cryptocurrency, cryptocurrency is so volatile and if you have no strategy you'll definitely end up with nothing.
Just balance your work and cryptocurrency, never quit it's dangerous.
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Saving money on cryptocurrency is at one risk, I think banks are saver for money in case of any problem and if they's banks are always responsible for your money in bank.
Banks are more saver than crypto.
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That's possible, another coin can beat bitcoin but not so soon probably in the future, currently bitcoin is the most valuable and largest cryptocurrency with many competitors, but it's so hard for any coin to surpass bitcoin due to large gap it has between itself and it competitors.
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Yes! some investors are tired and have already quite investing in ICOs, actually when looking at it 70% of ICOs coming out are scams and many don't end up well, the most saddened is that many won't be listed on exchange.
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You just have to follow your thought, tho Ripple is a good investment for long term holders, I believe the project will grow higher in the nearest future, but you investing in Ripple must have enough patience and wait for the time.
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