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The January 16, 2019 will be the earliest date for the ethereum blockchain upgrade called Constantinopole. It is obe of the three important upgrades. Ethereum is epected to rise again as soon as the upgrade is launched.
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This is just a proof that last year's hype was a bubble that burst this year. Now that the bubble had burst, cryptocurrency prices are back to low prices. These prices might be its real value as.of now.
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Year 2018 has shown us that cryptocurrency is not always an upward trend. It is a field where one can profit or loss. Events here in cryptocurrency are not on a yearly pattern. Just like the one year of bearish market that makes investors really disappointed.
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The downtrend of bitcoin greatly affect the overall market since it covers majority of the market cap. Considering that it is also the most recognize among all coin, the decision making other invetors are influenced by thia making the investors bearish.
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Since bitcoin is the most stable coins there, 50% to BTC. The remaining 50% to altcoins and make sure to allot at most 10% in an altcoin whose price is around $0.01. This altcoin will the coin that might give a multiplier of 1000.
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This is very interesting. Ethereum price is now playing around $90, but one of its upgrades will be release on January 2019. How could this be very interesting for investors. Will you buy ETH before its too late for next year?
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As long bitcoin continues to decline, so with ethereum. All cryptocurrecies are dependent on bitcoin price. As.of now it is slightly above $90 per ethereum. I don't think it'll reach $50, tbough we're not definite about that. With the current situation, nothing is impossible.
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For sure there is a lot of reasons why the market is bearish for a year, but we should start shifting our focus on the applications of cryptocurrency and how it can help the different transactions. Start to learn how things work in blockchain. From there, we migbt start believing again to cryptocurrency that might bring back the bullish.
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For positive thinkers out there, they will sure find good news from bad news. One of the good news of long bearish market is that scammers are slowly moving away from ethereum, the king of ICOs. Also, the awareness of the people here made some not.so good projects easily exit the fields.
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There are some people in crypto community who are believing that blockchain will replace the current banking systems. However, all their basis is the concept of blockchain that hasn't been made to its potential. This is my reason why I believe that blockchain won't replace banks.
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I believe it is! What do you do to relief trading stress? Do you have any alternatives? As for me I stopped trading for 3 months and play blockchain games. Now I feel myself better! UPD #1 Some people asked about blockchain games and how to find them. so I've made this list of games https://www.producthunt.com/@house_lama/collections/blockchain-gamesUPD #2 There is a good blockchain shooter War Field. it’s 100% not scam so I can send it here. you can read details about this game here (I don’t send direct link to their website not to make them advertisement) https://gameunculus.io/blog/96Yeah me too decided to stop trading few months ago. Way back before, my trading was good, but with so much downtrend nowadays, I decided stop for the meantime. I can't make the most out of the downtrend. There are traders that make this downtrend profitable. It seems my luck and strategy were not good. I need to learn more about trading during downward trend. |
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"DIP" is relative, depending on which reference point are we talking about. If we gonna consider the higher price such as %7,400, then $5,500 might be called "dip" at that point. But, since bitcoin price drops further, then $3,500 is also a "dip" with reference to $5,500. If you're referring to the floor price, it is better called "bottom".
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The market is still bearish and there's no sign of bullish market until now. Actually the market is not on a recovery period. It is still on a downward trend. Investing in an ICO is still a very risky one. We see a lot of ICOs didn't reach soft cap. However, there are few good ICOs.
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Trading is not for everyone. I think most of the cryptoenthusiasts are not very good in trading. Because trading is for skilled and experienced traders. Special knowledge is a must and not that easy to grasp the correct strategy.
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I think bitcoin will rise again because bigtime bitcoin holders will not allow bitcoin price to go very low. For sure price manipulation will occur again, expect dumps and pumps. I'm a bitcoin believer, so I believe in "Buy the dips."
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Only a small percentage miners has shutdown may be due to coins very low prices. It has a direct hit on miners who don't have enough funds to continue. This hasn't much effect on the cryptocurrency.
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This year has proven how cryptoenthusiats recognize bitcoin. With its price had fallen already by $15,000 from last year's price, investors are still accumulating their bitcoin by buying more and more. Its low price might be too attractive to investors believing its price will go up again.
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For those who bought their coins at higher price, the best thing you can do right now is to hold your coins until the next bull run. For others, this is an opprotunity to invest while the prices are very low, though it might not be the bottom yet.
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It's nice to know that some developed countries are implementing blockchain technology in small electoral processes. Little by little they are trying to test the capability of the blockchain technology. I will not be surprise that in five years time, automated elections are blockchain technology-based. |
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Aside from the downtrend wherein the prices of the coins are very low and going down further, this is a matter of trust and confidence to the cryprocurrency. If you're confident that the market will rise again, then this might be the right time to buy your top coins. If you're hesitant about buying, it only means you don't trust the market. So, it a decision you have to do.
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