What happen to ethereum is as simple as people dumped their ethereum and the price of ethereum goes down, when there is a huge supply of a coin and there is less demand, the price goes down and that's what has happened.
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For me i am not really afraid because i feel a little sad about it because any time the market goes down, your asset keeps going down too, so it's a bit sad seen your asset worth going down because of the condition of the market.
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In my own opinion at the moment I will prefer to exchange my altcoins to dollars because the condition of the market is not yet stable, so it is better i exchange for dollars and wait until market gets better then I will exchange to bitcoin.
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You made a good point but the question how do you start all over again when you have almost lost everything? maybe you can share some good tips on how we can start all over again, it will really help.
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Like the saying goes, when fires catches a forest, no tress will be spared whether big or small, bearing fruit or not, that's same thing happening to the crypto market as well, bear market don't know which coins are good.
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Well I see that happening in the my own opinion, the much bakt exchange is been postponed until next and by next year, if the market is not in stale condition, it might still be postponed again, bakt will lunch when market is stable.
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Well people will always recommend Bianance exchange, they are one of the best in the game because of their volume, So will still recommend Bianance for you, they have both mobile and web and are planing to launch their dex soon.
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Well it's simple because a bounty hunter dumps at any giving price without minding the price of the token, when a token is launched on the exchange, people will normally price the lower and some bounty hunters will still at that given price.
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I think next year will be better, because there are a lot of things that are been schedule to happen next year, and I think if the ETF which will have it's final decision on Feb will be approved then we are back up.
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For me the way i buy coins is that I will wait when the market is in downtrend, I will buy immediately the downtrend is over and there is a increase, i normally do these because i am follow a lot of signal groups to know when things are going downward and when it's going upwards.
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I think I total agree with you, to return sanity in the space, ICO's should be funded through VC's then they will do airdrop to the community and list the tokens, if the community are impressed with their project, they will buy these tokens and increase the value, the way it's been done right now, I don't like it.
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Not really the whole year, I will say August this year things has gone so bad for cryptos market and ICO, early this year was good for ICO's and bounty because then things were at the peak.
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Of all the points you highlighted, I will agree with The fact that ether has infinite emission. and this will make the number to grow large as the year goes by, I believe they may fix it on their ethereum 2.0
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I don't really like the idea of KYC, cryptos was meant to protect people's privacy while dealing and trusting each other on making transactions, so I don't really like KYC because you don't know the people you are submitting your documents to and hoe they will handle your personal data, so doing KYC is risky, so i try to avoid it as much as i can
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In the past I do but currently due to bear market, I don't invest in ICO's anymore, though i still believe in ICO, but I think the market is not conducive to invest in ICO's at the moment.
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I will prefer to invest in a well known coins like bitcoin and ethereum, the coins that will make a quick move when things improves in the space.
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I support your point because that exactly what i have decided to do, I have watch some my coins that were worth thousands of dollars going down as low as $100 and $200 and it's really painful to see such a thing, cashing out profits is what I will always do.
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The panic still continues and I think the selling will continue until next year, I think the market might look better starting from next year, and I wish it will start on a good note, this year is not really good for cryptos
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Well I think the sowing seasoning is no longer for me because I have lost everything in the bear market, it's luck for the people coming into the space newly to take the advantage, I will have to hold my coin and wait for recovery
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It will take a very long while before that can happen, because bitcoin still dominated the crypto market, for that to be done, bitcoin dominance will have to reduce, but looking at the market and the way regulations is happening in the space, it will take a long while if it's going to be ever possible.
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