Crypto calamity
Every time BTC drops into another lower thousand bracket i always see a flurry of posts full of despair and doom and gloom.
Get real people!! Alot of the main crypto's are still over priced and they will continue to fall. This is a long game now. Thousands of investors saw an opportunity last year as they noticed the meteoric rise of crypto. Alot of those people have been holding their crypto and willing it to return to $20k so they can get out..They are starting to realise they may need to cut their losses now..
I bought litecoin and bitcoin last year. The litecoin went from $28 to $300 in a month or two. Most of that inflation is due to hype and speculation, it doesn't command that value...yet.
i also bought a few ECR20 tokens at ICO. I concentrated on those with great teams with pedigree and in platforms where the token actually adds value. I concentrated on education (something that must change), social media (evolving quickly), advertising and into currency platforms that are aimed at emerging markets. I'm holding those coins for at least 8 years..
Be realistic people. we are going to hit the bumpy road of regulation, a hostile press and the hurdle of mass adoption.
Its a great, innovative, lively technology and will transform how we live and trade..
Collapsing fiat economies in the coming years will give a welcome boost, but they won't give in easily. It will get messy..
This is going to be realised if we are realistic and patient, building our social and technical eco system as we go..
For me its not all about profit, its about change. I don't sell my advice (for what its worth) but give it away gladly. This technology and concept will free us and that doesn't have a price...