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Crypto currencies contain a lot of risks and it does not matter what year it is. There were risky in 2016, 2017 and they are even more risky in 2018. The only thing that is left is to store your tokens safe and wait for the better times.
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All the ERC-20 tokens can be held on your MEW wallet and I strongly recommend to open up several wallets to minimise the risks of getting scammed. Also try to hold coins on different exchanges, this will also help to diversify your earnings.
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It is very bad for every altcoin. The dominance of BTC is pretty high and if the BTC is going down, altcoins are following them without any reason. People should finally get, that atlcoins are better and they will overcome BTC one day.
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I had the same feeling till today. Just look at the market, the same situation as during the whole year. When we see a sign of green market, we are happy and people are starting to buy. Few days later, everything crashes.
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Sure, Bitcoin is the heart of every coin on this market at the moment, because the dominance is simply too high. We need another green market, to divide Bitcoin from alts and let them develop on their own.
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ICO is an amazing opportunity to get perspective tokens even before their launch on any exchange. But due to the current market situation it is getting almost impossible to gain profits from the ICO right now.
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The best altcoin of the year was BCH. I used this coin for the whole period of time and made some good profit in trading this coin. Moreover, the hardfork is going to happen pretty soon, so I hope the price will go up again.
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You are absolutely right. It is the best time to collect the tokens that are on the bottom, but the problem of investing in fresh projects is, that nobody is ready to take some risks and to invest in them because almost no ICO is collecting a soft cap.
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I still believe that we will see the green market till the end of this year, because the signs were already recorded. Ethereum got +10 percent from Octobers price. We just need to be a little bit more patient and wait for the better market conditions.
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I prefer NEO. This coin has a huge potential and is a strong competitor to Ethereum. IOTA is also an outstanding coin, that will compete. But both NEO and IOTA should do much more marketing, partnerships and other things, to make their currencies more popular.
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Fiat currencies are not based on Gold for some years already, but there are some crypto currencies that are backed by diamonds, gold and fiat currencies. So the crypto is not a bubble it is based on a product or on an idea of the project.
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It happens, because such people simply do not check the projects, before taking part in them. It is sad, but it is true. For sure, there are some cases where everybody was sure, that an ICO is not a scam but after the TGE it turned to be one.
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I think that there should be some stable coins on the crypto currency market but I do not see any sense in investing in such coins. They are stable and you will not get any profit. But on the other hand, it is a great alternative to keep your funds stable outside the bank.
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Ripple will never be the first on this market. I hope there are some wise people left here, that understand the aim of Ripple. It is a blockchain solution for centralised banks and not a new revolutionary project.
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I am hodling a lot of Ethereum but I like Bitcoin as well. Ethereum is simply better as a crypto currency and I wish that BTC would raise again to 20k USD, but also want that ETH would costs around 25k USD. I hope it would happen one day.
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It wasn't very risky a year ago. People invested in every ICO and got very high profits. The market was bullish and people invested a lot of money into our industry, thats was the reason why a lot of projects have collected soft caps. Today we have the complete opposite of this situation.
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Because BTC was the first crypto currency and is the symbol of all crypto world. If you ask people about what they know about crypto space, they will normally ask that they heard about Bitcoin. Bitcoin is a great currency that should finally grow and move the market towards the green zone.
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You need to find a legit bounty before taking part in it. It is normal that due to such bad market conditions, a lot of ICOs are not meeting their funding goals and leave hunters without payments. Make a great investigation before starting to promote any ICO.
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I believe in Ethereum and think, that this coins deserves to be on top of our market. I hope one day people will understand that Ethereum is much better than Bitcoin and the majority of crypto community is using Ethereum instead of Bitcoin.
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