I will attribute this occurrence in huge part to greed. The Blockchain Technology wasn't meant to be bastardized the way it has gone. It was built with a primary focus of decentralisation, privacy as well as giving control to the people far from was fiat has done for the human race. Unfortunately, it has been reduced to pile of fraud and greed. Most projects believe ICOs present them the opportunity to grab as much money as they can and disappear into thin air. This has been the case with so many projects and as such, it has encourage people with same motives. Only few projects out there in the open ico market have a real use case. It is now so difficult to know or identify the right ones.
I sincerely doubt bitcoin has any real challenger in the crypto industry. Bitcoin is heads and shoulders above every other cryptocurrency. This can be attested to by the fact it is not only dorminant but seems to control the movements and reactions of other cryptocurrencies. When bitcoin snizzes, every other cryptocurrency obeys. Bitcoin has one of the highest adoption rate as well as acceptance. It is also the most trusted and most recognised cryptocurrency. Its going to take a lot of effort from other cryptocurrencies to displace the King Bitcoin!
My biggest mistake in the crypto terrain will continue to be bitcoin. Some time in early 2010, an Indonesian Friend of mine approached me with the chance of purchasing bitcoins explaining to me how the technology was one to watch out for and how it was going to make a difference in future. I looked at it briefly and brushed it off. Fast forward to this present day, we all can attest to the fact that he was right after all and now I am left to regret the missed opportunity. Sad but I think my case is one out of the several like for like bitcoin missed opportunity.
Investing in altcoins now may not be a bad idea. The markets have been pretty much at base level and so have many coins(altcoins), now seems like the best time to get in on potential coins for far lesser than their actual value. It might be the last time in a while for this downward stretch. My advice is, do your due diligence and purchase some very good coins to your portfolio and watch out for when uptrend starts. Always remember to Do Your Research.
There is every need to worry. In as much as the Blockchain Technology is one of the major revolutions of the 21st Century, there is so much powers at play seeking to truncate this innovation. We as first row adopters have already seen the enormous benefits and strengths of this technology yet there is so much to be done to ensure this same vision is seen by all. The only way blockchain and cryptocurrency will be guaranteed a 100% future is when there a major law enactment supporting its use and acceptance. This could come from institutional investors pushing for its unanimous adoption. I truly think nothing can stop this technology from blossoming even further.
Hodling any cryptocurrency is mainly because you want to be like that patient dog that eats the fattest bone at long last. It is like locking away an investment with the believe and hope that such an investment will yield massive percentage increment in the future. Instead of selling for peanuts now, why not sell for better returns in the near future? So many persons have made tremendous wealth from holding unto their digital assets. It is a strategy that has worked miracles for many. If you are new into cryptocurrency, the best way to go is to hold some good coins or tokens, while learning day trading. It's the best way to go.....
It is quite understandable that must projects are taking this option. A project that values its idea wouldn't want to list in these conditions. It is highly likely that once a token gets listed in this market conditions, it might never recover the dip and thus, devaluing the project. Delaying listing is just a way to preserve the value of the project which should be the sole purpose of the developers.
I will say a resounding yes! Though the markets are completely down at the moment and every thing looks bleak, this wouldn't continue forever. Some very good project tokens are trading for extremely cheap prices. These are the kind of coins/tokens you will want to have in your portfolio while anticipating the bull run that will surely come. It's only a matter of time, believe me, once the bulls come around, you will be completely excited and thankful you took the decision to invest in some of these projects at base prices.