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I would say greed and a lack of knowledge, people are greedy and want quick returns, but if they would just hold and see where crypto could go the prices would increase drastically and we would be back at the ATH's very soon.
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Its been around a year since I frist stated in crypto and all I can say is research everything as much as you can before you invest in anything. If you don't understnad it or are unsure in anyway then walk away. There are so many scams around its unreal.
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I don't trust celebs endorsing anything. For me if someone has to be paid to endorse something then their word is tainted. With crypto it can be slightly different if the celebs have accepted the coin they are promoting as payment though as it at least shows a belief in the coin.
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To hodl is a very difficult thing to do, but in the end it will be worth it. For investments to truly boom there will likely be huge dips before so unless you buy in right at the bottom it's likely you will see dips before the big increase. Strong hands get the rewards!
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Try getting involved in bounties or airdrops for coins, you can then sell them off and buy ethereum. The trick is finding a good airdrops coin to join.
The better ones are worth holding for longer though.
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This is true in a lot of life, those that will really the greatest rewards in crypto are those who will hold on through the tough times. There are a lot of people now just waiting for the next bull run and then plan to sell off, these people will regret that in a few years time. Hold until mainstream is what I say!
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Quite simply no, the majority will fail, I would expect 10-20 coins will eventually dominate and control the whole market.
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I wouldn't say forget about the past, there's a lot to be learnt from the past, bear and bull times teach us a lot and can be used to help predict what the market will do on the future.
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My plans are fairly simple for now just hold what I have. I am hoping to hold for a good few years whilst it goes mainstream. Hopefully I'll have the strong hands needed.
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The market does seem to be like traffic lights these last few months flipping from red to green every few days. Although again like traffic lights it feels like it's been on red most of the time.
There is a lot of hope for a green October and November but personally I feel it's going to be early 2019 before we see a return to regular green days.
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As we all know By blockchain technology we can store data in secure condition. Data security will be the first booming working area for crypto world, Secondly instant payment for buying a small cup of coffee if we can mass adoption then the real bull run for crypto will start.
I agree with you on this one, I work with documents that need to be verified so a service like this can be a great help. Having seen false documents cause havoc and cost people a lot of money having a way to quickly and definitively verify documents is great.
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Applications or humanitarian services, just really looking for good news stories. I talk a lot with friends who struggle to see the benefits of crypto, I'd love to be able to share stories with them about how it's changed the world for the better.
We don't celebrate the good stuff nearly as much as we should.
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Interested to know what actual real world benefits people have seen delivered by altcoins. Personally I have seen a coin that used part of its funding pot to pay for school books for children and sponsor sporting equipment for various schools.
The reason I ask this is that good news stories can be in short supply sometimes and it would be nice to share more about the good that comes from crypto.
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Basically just hold what you have. I have no idea what's going to happen but holding cwont do any harm as all my coins I got for free.
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Suppose it all goes down to what you mean by long time, if you mean a year or two then holdings not a great plan, but if you are talking 10 years or so then holding Bitcoin is a very good idea. In 10 years we will see much much higher prices than now so you would make a lot holding for that time period
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It is good to see someone giving proper thought to ICO's and how they could be improved. The problem we have the moment is that its not possible to see if an ico is genuine or not, the scammers outnumber those who are genuine. Its a bad way to be.
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I don’t think that banks are immediately going to go away. However, I do think that banks are going to fundamentally transform the way that they operate today.Nothing will make banks disappear
I think some will go, probably the ones who refuse to move with the times. But you are right, banks will just adjust their play to work with crypto.
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there are many people who will have gained significantly from today's events, over the past few weeks the price has been yo-yoing so a lot of people are buying to sell short term. I suspect its people buying at 6k, holding until around 8k then selling off. They then seem to be repeating it over and over. Good way of earning some quick money but not good for crypto as a whole.
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I think they are but also think that numbers in airdrops and getting into mining are decreasing. When the next bull run returns we will see a sharp increase in numbers again though. Far too many icos are scams.
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I can't fault airdrops, most of my incomeover the last 12 months have come from them, I've been lucky with some and sold at the right time but still it's reward for little effort in the most cases.
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