Sorry if this disappoints all you fud lovers in this forum and beyond. But I just need to share my thoughts about the future of Cryptocurrency and blockchain technology. The future of blockchain technology is real and it has high value. The future will be mainstream usecase for industrial applications of the technology. Thanks Simon Cocking, for publishing something that doesn't make me want to throw my phone across the room. #StopDaFudOverThere https://lnkd.in/gmKd_Rq |
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Yes, we experienced a long bearish trend this year but I think it will not last forever. 2019 is another great year ahead of us and I believe that at least the first quarter of the year will be good for the industry. We also need a self regulated system for ICOs in order to regain the trust of investors in it.
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Yes, am still investing in Cryptocurrency and even made some investments yesterday. I strongly believe that the current situation of the market is not the end, the industry is still very young and innovation don't stop in this space. Blockchain technology is the future of industrial applications and any public ecosystem that will use Blockchain technology will surely have its own native currency for its operations. We still have many great years ahead but it will be for the strong not for those who are been tossed around by the present reality.
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As for me, I usually make my findings from reputable ICO tracking sites. If it is well ranked by experts, then I will join their telegram group and watch the reactions of members of the group. If I feel satisfied with the reaction of people in the groups, then I will make good decisions about it.
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I don't see it coming again this year. This year has been a trying year for the enti industry but everything doesn't end here. We still have many years which will bring more adoption to the industry thereby giving early investors huge profits.
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This is a welcome development and good for the entire industry. This is part of the mass adoption that we want and if a brand like Samsung takes it up, then it will be very hard for others to follow suit.
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For the remaining part of this year, I don't think there will be any significant change in the market. For some months now, everything in corrective position and this does not seem to be ready to stop now though there will be a little increase but I don't it will last for long. Let's brace for next year and forget about the remaining part of this year.
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I think this is not true, we should call a spade a spade. The situation of the market where only few whales dictate the state of the market per time has defeated the concept of decentralization. I can't blame those that are selling now because that's decision that most everyone will take even in traditional industry like Stocks and Gold. What an average investor is to sell and buy later if it get deeper.
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That's will be quite surprising, it has never happened like that before. If Bitcoin fell to 4k, then it will means 50% of its decline within a week and this will further affect the entire market. This year is almost and I don't expect any magic to happen again but in all this, what's paining most is that I don't have money to buy more. Those that have money to buy now are the lucky breed because Cryptocurrency is here to stay and those that buys now will smile in some time to come.
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If am asked to choose five altcoins that I will like to hold for the next five years, my list will go thus
1. Ethereum
2. LiskCoin
3. EOS
4. Gochain
5. Nem
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There are many things they can do, if it is a new project and part from their distribution method all they need to do is to have many tactics that will continue to maintain investors trust about the project. This may include listing on reputable exchanges, instantly start working on the roadmap of the project, transparency with investors and coming out with good news and relevant partships.
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This is a big problem in the industry but I don't think we signing petition will changed anything. I think what will be the best option now is regulation though I don't really like it because it will defeat the concept of decentralization. My conclusion is that much is required from an investor to do thorough personal research about a project and be fully convinced before investing his hard earned money into it. So far most of all these ratings platform has failed us, one need to have personal conviction about the authenticity of a project and not rush to buy what the project is assumed to be by others.
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For ICO investments to be more competitive and profitable, we need a new ICO model. This present ICO model is not progressive in nature and it gives room to all forms of manipulation from project owners. We need a model that gives investors rights in decision making of a project, we need a system that will made project team to be accountable. With a new ICO model, investors right will be protected and even secondary buyers will be excited to buy the coin or token on exchange once they know that the project will not be a fly by night project or a slow dying projects.
What do you guys think about this?
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It's a very bad act and I don't think it is right for the industry. All the excuses they that are giving are not reliable and they are not sufficient for them to delay listing. I bought Acorn during ICO, they delay listing since June. They just got listed yesterday and the token still don't hard. This is a free market and they should allow the market to dictate the price of any coin or token per time. The truth is that we need a new ICO model that will give investors right to be part of decisions making of any project.
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You selling Bitcoin or holding it will depends on the time you bought it. If you just buy it and the loss is not that much, you may say it if you're skeptical of its future but if not I will not advise to sell Bitcoin at loss esp when you have lost much from it. This is not the end of Bitcoin and Altcoins, all these shall pass but how many of us will endure till the time it will ends.
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This is not the first time that XRP is overtaken Ethereum on the Coinmarketcap. The same thing happened in September this year and it also happened last year. I don't see it retaining the position as it was unable to do previous times. Am sure many will agree with me that the influence of Ethereum in the market is more than that of XRP and even many are still skeptical of Ripple because it is not fully decentralized.
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As for me, that's a bad sign even if what they are working on is awesome. If there's no ulterior motive, why are they now proud of their project and share information about themselves. I won't advise anyone to invest in such, they are not Satoshi.
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Not all, we need both of them and they can co-exist. Banks is a critical part of the world’s economy and it will take a while before Cryptocurrency can take the role of banks in our society so they all need to exist together.
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Calm down and be at peace with yourself. If you want to make money in this space then be ready to also lose money, both works together. One just need to know how to reduce loss than profits. There is no way that you won't lose money unless you are not ready for the industry.
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