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you are right mate, knowing the reason why one ventured on crypto will help especially during this red period, me am here to explore the awesomeness of crpto and reason how to put blockchain tech to use
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i been out in crypto for a while and now that im back im looking for incoming or ongoing ICO that have lot of potential im planning to invest and join bounty program hope i can discover something today to be able to get such ICO, then you have to learn how to research ICOs your self, most ICOs are fake, most of them are not genuine...so look into many that are available now and do your due diligence instead of deciding based on people's suggestion.
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We all know how powerful bitcoins are especially in financial terms. Having one makes you feel like a newly-crowned king ready for his throne and lux. Its value and essence is something that we cannot just ignore, resulting for some people relying on these 'God-given grace' instead of working hard and gaining the money that their own country uses. Some thought that it would be better off to have bitcoins and convert it into any kind of currency rather than to get a job and earn some thing. What do you think? Will bitcoin be able to eclipse the existence of national currencies in the near future?
People tend not to look for jobs and earn their country's currency because the have the impression that crypto currencies value are on the increase and their value will never go down in contrast to most of the countries currency that has no value and devalues day by day
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I feel that even it was possible for them to manipulate the price of coins, that the prices will only be reflecting on the exchange alone and not on all exchanges, so if some one goes to another exchange, the person will see the geniune price
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of course am very surprised at the price of ether right now, infact i also know that many crypto users would be surprise as well because ether has been known to the most valued coin after btc.
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the reason is because most of them don't really believe in the prospects of some of the projects they do bounty for and coupled with the way market is crashing by day
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Not just you mate, i equally think so, ethereum go what it takes to be compared with bitcoin in all ramifications, with the way many alts are coming up, no doubt ethereum will be valued so high very soon
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keeping bitcoin for at least five years for advanced crypto users is not practically possible, except the person will forget the password to his wallet and totally try to forget about crypto generally, that's the only way one can keep bitcoin for atleast five years
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For me, most time i would prefer the bank to crypto especially with the of hacking that go on these days, phishing sites are increasing by day, people wallet are getting hacked, most people private keys have been compromised.
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with the way many startups are taking advantage of ICOs to raise millions and enrich them selves, i see in five to ten years time that more people will get into this ICO thing the more consequently leaving the crypto space with many shit coins that won't have value.
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Seriously, market is taking too much time than i expected to recover this year, its now getting to a year approximately since the crash, most people regret not selling off when it recovered a little some time around april, but am still hope full.
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In my country, Nigeria, the Government seems to have issues with crypto currency, they refer to it as ponzi scheme , even though that blockchain technology will help a lot in fixing most of the challenges we have been facing in the country, but they don't want to look into it.
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From all indications, ethereum has always showed sign of growth and seem very promising, other coins that i would also expect growth from is Neo and Dash, anyways these are just my opinions.
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bitcoin is safe but its safety totally depends on the owners, if you take every measure to secure ur wallet, surely your coins can never tampered with by any hacker in any way
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truly, bitcoin is seen as an investment for many, but this shouldn't be the key feature why people should get into using btc, it has various lots of usages, having the impression of it as just an investment creates the heart break when its price goes down
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well, i think community is very important in any crypto project, community shows how popular the project is the people's view about it, it shows how valuable the utility token that the project has, and this will derive its value when it enters the market
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obviously, this get rich quick mentality that most people have on crypto is what causes them most unfortunate things that befall them, most people easily get scammed all because of trying to get rich quick, easy does it, rome was not built in a day
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if eth goes down to $50, it would really mean so bad for ICOs and startups especially, but talking about coins decreasing down in value, almost all coins are affected, even the father all coins BTC is not left behind in the downfall of coins
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With the way market has been for a while now, is there still any glorious coin?...i doubt that, any ways i believe some traders will be making short trade gains even in this period.
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