I believe that investors should always be in search of new investment opportunities. Cryptocurrencies at this stage of development provide an opportunity to become rich from scratch and this is their advantage over investing in other assets. If we compare with the already Mature and Mature markets, the cryptocurrency market looks the most promising.
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I think we will see the market even lower. Yesterday, one of the Twitter users posted an interesting chart and it shows that the bitcoin price chart is very similar to the 2014 chart. If we imagine that we are going the same way, next year we will see bitcoin at $2K.
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We can call these words prophetic, we are very close to it. Bitcoin this year has lost 80% of its value and is trading below $4k, but the year is not over yet and we can see the price even lower. People lose all hope and in a panic sell all their bitcoins.
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Vitalik Buterin certainly made a huge contribution to the development of Ethereum and is its inspirer, but a huge team is working on the project. I believe that without a team of developers the project would have remained an idea or developed very slowly, competitors would have had time to pick up the idea and implement it much faster.
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I understand that you are upset with what is happening with cryptocurrencies. If we compare the value of the portfolio now and a few months ago, it will look like a disaster. But do not hurry to bury the cryptocurrency, I am sure that this period will end and we will see Bitcoin for $20k again.
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This question sounds very funny today. Obviously, no one could have imagined that bitcoin would cost less than $4k. But I am sure that this can not continue forever, in my opinion, the launch of the Bakkt platform will help the cryptocurrency to overcome this crisis. All the market needs now is new investors and Bakkt will provide the necessary tools to make this possible.
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I believe that finding a good project now requires a lot of effort, but it is possible. For many bounty hunters this is really the end, but for those who know how to choose projects it's just a difficult period, which brings less profit than usual. If you are a beginner, I do not advise becoming a bounty hunter now, most likely you will just be disappointed.
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In my opinion, trading should be done by professionals, if you are a beginner, there is a very big chance that you will lose everything. For mining you do not need to be a professional in some field, you can find a lot of instructions on the Internet, but you need money to buy equipment and pay for electricity.
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I understand your frustration, but I'm in a similar situation, so let's stick together. In my opinion, in the near future you should not sell your coins, now there is a mass panic in the market and everyone is selling cryptocurrency. It is necessary to wait out this period a little and wait for the launch of the Bakkt platform.
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The future of the market is directly related to bitcoin and the bulk of your money is better stored in BTC. But if the price of altcoin rises in relation to bitcoin, you will get more profit. To do this, study the market, choose a reliable altcoin and invest some money in it. I think Ethereum is a great option for that.
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Of course you should. If we separate the two concepts, the blockchain project and the cost of cryptocurrency, what will we see? And we will see that despite the cost, blockchain projects continue to develop, enter into partnerships and be implemented in our lives. Today, the capitalization has minimal records, and tomorrow will be more than $1 billion. All relative, just look at the benefits of us cryptocurrency and you have answered your own question.
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Just panic began in the market, the decline in capitalization is understandable and I will not cease to believe in cryptocurrency. Because of the fork of Bitcoin Cash, many switched to the mining of this crypto currency, in this regard, the hashrate fell in the Bitcoin network and weak investors rushed to flee in horror. This is all fueled by news of the postponement of the Bat launch, and in the end we have what we have, not enough to bury the cryptocurrency.
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I think that the right time to buy bitcoin and altcoins is already lasting for 6 months. But no one knows in which direction the market will move and the fall was simply more predictable. It is possible that we will see the price even lower, but in any case, if you have not yet decided to buy cryptocurrency, now is the time.
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Thanks for the advice, I agree with you. Self-analysis of the project, allows you to learn more about it and make sure that it is working professionals who will make the finished product and will not be scammers. Even visual familiarity with the site, checking for errors, the number of users in social networks and their activity can already tell you a lot. But it is impossible to get a full guarantee that participation in the ICO is guaranteed to be successful.
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New altcoins appear every day, but not all of these projects will get on the exchange and find their users. Despite this, they have a positive impact on the development of the blockchain and cryptocurrency industry. This increases competition, accelerates development and makes our lives easier and safer. We are on the threshold of new discoveries and opportunities that blockchain will give us.
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I believe that now is the time to buy XRP for the long term. The token shows excellent resistance, despite the collapsed market, it steadfastly resists the downward trend. I believe that when the new bull run starts, we will see a new record, as it was in January 2018.
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I believe that legal regulation of ICO projects is necessary. It would be correct if the projects went to the ICO with at least an alpha version of their product and some budget, and the investors funds were protected and returned to them in case of unsuccessful fees.
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In my opinion, it is necessary to keep your money in stablecoin and buy coins in parts to respond flexibly to market changes. If the price of the coin falls, it is a great chance to buy cryptocurrency at a better price. Think over the plan of your actions and stick to it, no one can solve it for you.
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