The government - has no control over the use of cryptocurrencies, there is no control over their price, no taxes, users' anonymity. This is enough to not recognize any cryptocurrency by any state.
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I think now many people buy bitcoin because its price is unlikely to fall even lower (although anything can happen on the market). But judging by what already happened with bitcoin last times we wil l see its growth soon. I also now buy and hold, my strategy is unchanged.
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I think we don't need to worry much the market will return to its positions and will be green after a certain time perhaps by the end of the year. For those who for a long time in crypto nothing surprising happened. The fall was imminent. This has already happened in past years. Just be patient.
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I think that never need to rely on just one coin. Your portfolio should be compiled competently and have a minimum of 5-10 different altcoins. This, of course, is not a guarantee of success, at least in today's market situation. But in this case, your chances increase.
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I agree if you are not sure and don't want to wait any longer, in this case, sell. Here you still will not find an unambiguous answer. In any matter, people will be divided into two camps - "pros and cons". Therefore, only you decide what to do. Personally, I'm going to continue to hold my bitcoins.
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Yes, there are different cases. It's not very pleasant to participate in campaigns for several months and then don't receive anything. Or get a small change. But I participated in one campaign in which I received tokens in 5 months. And my expectations were worth it.
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I think that bitcoin will not be able to completely replace the fiat money. Because it was always important for people to feel money in their hands. At first, they exchanged goods, animals, then money began to appear from wood, metal and other. Therefore, such a transition is unlikely to be real.
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I don't sell tokens as soon as I receive rewards for the bounty campaign. Firstly, you can wait until the token is released to the exchange and see maybe its price is likely to grow well. And then already think, sell all or only a part. In some cases, I don't sell at all but I'm waiting for the product to be released.
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Investments in ICO are one of the most profitable activities in crypto. But in order not to invest in the scam projects you need, first of all, to look at the team, Whitepaper, read reviews about the product and the company. Many reviews, by the way, can be found here on the forum.
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One of my friends started trading with $100, the other didn't invest nothing at all, only his time, participating in bounty campaigns and airdrops. Therefore, it is impossible to say exactly how much you need to invest. Someone invests 1 ether into a successful ICO and increases their profits 5 times. Sometimes much depends even on luck.
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In any negative news we should always look for positive sides. Now everyone is not excited by the fall of the market but there is a good opportunity to buy some coins at reduced prices. This is undoubtedly a plus in this situation.
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I have seen in many publications statements that this or that country plans to issue its own cryptocurrency. It seems India, South Korea, Russia was. But so far these are only intentions. And also very revealing is the experiment in Venezuela with the El Petro token.
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If a natural disaster has come to your country, then it seems to me that all thoughts should be aimed at preserving one's life. It will not be possible to trading. It is clear that in Venezuela BTC is the most preferred currency for trade. But for sure there is also a fiat money for which you can buy both water and food.
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This will be unprofitable, first of all, for ICO projects. Although I participated in a couple of bounty campaigns where the reward was paid on the ether. But to be honest for me it doesn't matter for me in what currency I get money.
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I told several friends that I was a member of the cryptocommunity but I didn't urge them to invest in one or another coin. They independently decided to try trading and investing, and so far none of them came out from here and didn't make any claims against to me. I just shared my knowledge with my friends.
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