Nobody can tell you for sure when/if the price will go up or diwn, otherwise there would be many millionaires on this forum, don't you think so? However, if you plan to invest in cryto, as the entire 2018 was bearish I would rather say this is a good time to do it.
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Comparing Btc with Eth is like comparing apples with grapes just because they are fruits.
Ethereum has been developed for different reasons, ut is based in smart-contracts, you will never go to a shop paying in Eth, as you already do with some shops with Btc.
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If you compare momentum with 2017 this is a way better time to start investing into cryto. Comparing with early adopters (2012-2014) prices are still high.
If you have patience, price will recover in the future as it always did after big dips.
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I still believe in Bitcoin and I'm sure that sooner or later price will recover.
However, for this to happen a huge amount of fiat needs to be poured back into btc and a big pile of speculative minded enthusiasts got their fingers burned badly last time they "invested" like that. There is no sign of "mass adoption" coming up anytime soon. But if you have patience, cryto will be adopted in the future.
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Once you're that deep in the red, it makes no sense to sell whatsoever. If you sell now, you'll never recoup your money. So holding is the right choice. You either get out early for a small loss or you stick around until you get your money back.
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So, if you don't know how something works, it's fishy or a scam. Nice. But you are right, there is manipulation in the market. Just like there is manipulation in stocks and forex. Don't worry, mate. Ethereum is definitely not a scam.
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Even when market is red, you only lose if you sell. Cryto market is cyclical, there's no secret that sooner or later it will recover and if you had patience and hold your coins you will not be in loss.
Blockchain is part of technology and the last 20-30 years technology grown a lot.
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If Ethereum will go down to 2 digits, this will be definitely a good buy signal. Even if the market is rather red during last months, it will recover sooner or later and that will be the moment when it's good to have as many ETH as possible bought at 2 digits price.
As cryto market is very volatile, don't invest more than you can afford to lose, no matter what the price is.
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For the near future no coin can take the Bitcoin lead due to its huge popularity. In terms of utility, Ethereum has some chances to take the lead one day, but during bearish periods altcoins behave worse than Bitcoin, so it would be very hard to predict.
Also, New projects that haven't been pumped yet might have an important raise when market becomes bullish.
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After listening, most of the projects drop due to a lot of reasons:
- ICO price has been artificially set too high for the projects' potential - many participants from presales or private sales got good discounts and they are in profit even if selling under ICO price - Bounty/Airdrops participants sell their tokens for a quick profit. As they didn't invest money into ICO, but time to do different activities, they are not interested too much in selling price.
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I think Bitcoin will become great again when there will be new money coming on the market a d Lighting Network will become operational.
It is only a matter of time before this will happen, we just need to be patient and stop panic selling at every market deep. Cryto is volatile, price fluctuates a lot, this year unfortunately only in one direction: down, but things will change in the future when adoption rate will increase.
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Cryto is just like in real life: do you trust foreign people? If you do, you shouldn't. Same in cryto.
It's very important to do your own deep research before investing in any project: team, milestones, other trust websites references to the coin/project, social media activity etc.
And maybe the most important rule in cryto: never invest more than you can afford to risk/lose.
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If there will be a bull run anytime soon, I would rather think this might be in January, not in December. A lot of people convert their cryto into fiat during Christmas or New Year holidays.
Cryto is volatile and hard to predict, so I wouldn't be surprised if this year things will stay completely different than in previous years.
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Nobody knows for sure if Btc will be fine or now, it's up to you to decide if you step in or not. The problem is that people invest more money than they can afford to risk/ lose and after that they panic sell in big loss when market is red.
Once you're that deep in the red, it makes no sense to sell whatsoever. If you sell now, you'll never recoup your money. So holding is the right choice. You either get out early for a small loss or you stick around until you get your money back.
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Anything can happen. Maybe BTC will go to $0 (Not going to be quick for sure) or maybe BTC can go over $100.000++. Because there is still a lot (Like seriously A LOT) of people who never try using BTC before, and if those bunch of people come and buy.. Well the rest is about supply & demand, think about it yourself. P.S: I'm a BTC holder myself, but i'm not going to say that BTC will rise over ATH again or anything, its just that i believe in the technology.
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If you are a true believer of coins that you hold, I think you can forget about them for a couple of years and check after if your decision was wise or not. Usually you sell when you want to get out of the game, otherwise, for someone inexperienced it's very difficult to get into buy back "later" strategies.
However, usually you need to buy when everyone is selling and sell when everyone is buying.
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If you still believe in cryto, best thing to do when price dumps is to buy more. You need to determine your strategy. Dollar cost averaging is a good approach to get into the game. There is not one person on the planet who can guarantee where this market will be 3 years from now. Too many variables involved. Historically, the market has always made some gains in the month of November - but not this year. This could be a sign that further downside is about to happen. I wouldn't be surprised if consolidates in December.
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I also hold my Btc and I'm confident that the price will recover in the future. There’s absolutely no reason to try and pick the bottom.. if it starts going up, you’ll have plenty time to jump in and make gains.. a trend doesn’t end in a week. This down trend has lasted 10 months.. the uptrend before it in 2017, nearly a whole year.. just sit tight on your powder and wait until it’s safe and obvious
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Both mining and trading have advantages and inconveniences, too. It is up to you to see which one fits better on your need.
If you are an experienced trader and live in a country where electricity is expensive, you would be more probably interested in trading rather than mining. If you have free/cheap electricity, mining could be a good option, as well.
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