Of course, I wondered a similar question when I first started studying cryptocurrencies. I'm sure the bearish market is beneficial for whales to Fund their accounts with coins at a low price and for all enthusiasts who believe in the future of cryptocurrency. I consider myself an enthusiast who has been watching the market for a long time and has been waiting for the opportunity to buy cryptocurrency at a low price, as it is now.
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I agree with you because I participate in bounty campaigns and after receiving the award I have to choose what to do with the coins. I usually hold coins to wait for the price to exceed the ICO price. Since there have been fewer good projects recently,this is especially important and the hodl strategy helps.
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You have made a choice in favor of very promising coins. I believe that investing in cryptocurrency now will bring you a good profit in the future. But in 2019, in my opinion, will continue to dominate the bear market, which by the end of the year may gradually go under the onslaught of bulls, in the case of the adoption of Bitcoin-ETF and positive decisions of governments to regulate cryptocurrencies at the legislative level.
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According to the portal Coinopsy in 2018 264 coins depreciated. The bearish market has played an important role in clearing the cryptocurrency market of bitcoins. I think that in the future the number of depreciating altcoins will only increase, because investors have become better versed in coins. In addition, large exchanges are launching training platforms that help beginners find promising coins and avoid fraudulent projects.
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Indeed, patience is a key factor in the cryptocurrency world. First, in order to earn crypto currency, you have to work hard and be able to wait for the right moment to sell your coins profitably. The same goes for crypto investors, very often in order to make a profit, you have to wait for the bull market and patience helps you not to panic when the market goes down.
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I think many of us understand that investing in altcoins is much more profitable than in BTC and we have seen many examples in 2017. But BTC is a less risky investment, Bitcoin is 10 years old and such a period says a lot, first of all, about trust in the coin. While most altcoins have appeared recently and their future is more hazy.
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I think this return will not be very long. Now the interest in Ethereum is higher, because the coin is expected to have several hard forks in January, as a rule at this time everyone is trying to buy a coin. But after the hard fork Constantinople price will go down again and XRP will regain the second position.
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I support your opinion, in my opinion too many people panic and shout that the cryptocurrency has come to an end. But none of them can make arguments, because they have not studied the market and they are ready to give up before the fear of uncertainty. If you know how to think sensibly and constantly study cryptocurrency, then you should understand that this is only the next stage of market development and only growth is waiting for us ahead.
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In my opinion a great time to buy ETH for the last 6 months, if you still have not decided, soon your train will leave. I think ETH is one of the most promising coins on the market and its price is extremely low now. Drop the doubt and start buying, do not necessarily buy a lot, you can invest a small amount every month.
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I have long been using the services of the exchange Binance and still have not experienced problems when working with it. I've heard a lot that exchanges freeze accounts or do not allow you to withdraw funds to a cold wallet for a long time. But I did not get into such a situation and I advise you to carefully approach the choice of the exchange.
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I am not an expert, but I have been following the cryptocurrency market for a long time. I can conclude from my own experience that we should not expect an increase in the price of altcoins in the first half of the year. This is primarily due to the fact that the market fell very much after growth in 2017 and in order for capitalization to return to this level, serious changes are needed. Theoretically, the catalyst for growth could be the launch of the Bakkt platform or the SEC's positive decision on Bitcoin-ETF.
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I think that hard fork is not enough reason for the strong growth of Ethereum. For a long time we can conclude that before any hardwork coin price increases, and then falls again. I think that Ethereum will not be an exception, and in order for its price to rise again to $1000, capitalization should return to the level of January 2018.
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The market was flooded with investors who happened to be here by accident and 2018 forced them to leave. Now if you still hold your coins, then you should believe in cryptocurrency and know about its prospects. I believe that people who will hold their coins for a long time will be rewarded when cryptocurrencies gain huge popularity and their capitalization approaches a trillion dollars.
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I think if you are looking for an opportunity to increase your income, sooner or later investment will become scarce and you will start looking for new ways. And then trading will be one of the best options, if you learn how to trade, you can easily increase the number of your coins, while holding forces you to sit and wait until the market becomes bullish again.
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I do not see any prerequisites for strong growth of altcoins this year. For this to happen, a strong growth catalyst is needed. Many expect that growth will occur after the launch of the Bakkt platform and the adoption of Bitcoin-ETF and these are really important events, but they will work at a long distance. Therefore, I propose to be realistic and not wait for a miracle this year.
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If we knew when the new bullrun would start, we would be the richest people. But I believe that we should not dwell on this, instead we should work as much as possible and participate in new bounty campaigns and airdrops. I wouldn't be hoping for a bullrun this year, I'd just dive into the work.
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