This is very unreasonable, in my opinion, having heard the opinion of one person immediately to run away and sell their coins. And even more so to encourage others to do it. You need to think with your head and not give in to emotions.
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I'm not going to derive all the cryptocurrency I have. Even when I can buy what I dream about. I believe that the cryptocurrency has a future and I want to be a part of it.
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Yes, I also believe in ICO, as this is my way of earning at the moment. I agree that there are fewer and fewer worthy projects but who is looking for, the one will always find. The main thing is to be attentive and be able to distinguish a good project from an unsuccessful one.
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Already year I've been investing in cryptocurrency and I consider this to be the best way to manage my money. And as for mining, I think that now it is profitable only in large volumes.
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If I had such a budget I would have invested it in a few altcoins. Ones of them I would hold for a long time, others - I would sell, and invest in next. For me, this is the best option.
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The guy decided to sell the house back in December last year. I wonder if he did it? Then there was a very good price of bitcoins. Now he can sell it too, quite well, just increasing the number of bitcoins. I do not see any problems in the sale, such deals have already been committed and are being committed.
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I never encourage or convince any of my friends to invest in a cryptocurrency. I can only share my knowledge and tell them about what I'm doing and what risks I have. I believe that every person should make his own choice and I don't want to force anyone.
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Hardly paper money can disappear forever. How many years already there is a computer and the Internet but we can't say that they are used all over the world. There are countries and people who have never used these benefits of civilization. Also with electronic money.
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Long-term for me is bitcoin and about ten more coins. They are of the greatest value for me. Some coins for me are medium-term, and some short-term ones in which I don't see development prospects and immediately sell.
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I chose for myself such altcoins as ZIL, EOS, and CPX. I believe that these coins are the best for investments since I like how their projects develop.
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Why sell all altcoins? If you watch the market a little you could see many examples when some coins have grown several times in just a few months. Sell part of the altcoins that you consider unpromising and invest to bitcoin, and hold the rest coins.
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It's not the case that people think that fiat money is better they are just accustomed to this money and people are comfortable using them. If only bitcoin was also available as a fiat money people would be accustomed to it as they used to plastic cards in their time.
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