You are right. As I tell people often, with investing, you buy a little now, buy more when prices are better and then you wait for the cake to fully bake. It takes time. Most people don't have patience. But in reality, most of the ligament cryptos that will be around in the years ahead are still working to develop their business. We have to remember these are essentially start up businesses.
There is another issue I don't hear anyone talking about. I think that in 2018 and 2019 the fraudster tokens will start to be delisted from the main exchanges and I've read estimates that greater than 90% of current tokes are frauds. Let's see, but one thing is certain, people will lose money. That's why I have many small positions. I suspect volatility to continue as people lose money and up to 5,000 new tokens are listed by the end of 2019.
Once again I agree. Far too many poor quality coins around. Hopefully the same will happen to poor quality ICOs.
Investors, especially new ones, are sure to scare from FUD, scams (there are MANY of those) and the poor performance of these "ligament coins" (good term). So yes, volatility will continue for the forseeable future.
You are right. As I tell people often, with investing, you buy a little now, buy more when prices are better and then you wait for the cake to fully bake. It takes time. Most people don't have patience. But in reality, most of the ligament cryptos that will be around in the years ahead are still working to develop their business. We have to remember these are essentially start up businesses.
There is another issue I don't hear anyone talking about. I think that in 2018 and 2019 the fraudster tokens will start to be delisted from the main exchanges and I've read estimates that greater than 90% of current tokes are frauds. Let's see, but one thing is certain, people will lose money. That's why I have many small positions. I suspect volatility to continue as people lose money and up to 5,000 new tokens are listed by the end of 2019.
Once again I agree. Far too many poor quality coins around. Hopefully the same will happen to poor quality ICOs.
Investors, especially new ones, are sure to scare from FUD, scams (there are MANY of those) and the poor performance of these "ligament coins" (good term). So yes, volatility will continue for the forseeable future.