Hello all...
So we're starting ... I've probably already known for a few days a great cryptocurrency sale. One of the bigger capital escapes this year. Catching up on the hill, I decided to close the long position and started research, measuring sentiment in the market, foundations, etc.
Starting the adventure of investing in a crypt at the beginning of the year, I have to say that the market has developed immensely. Such growth is something I have been waiting for for a long time, and I am extremely pleased that the blockchain technology slowly becomes part of reality. No one is able to describe or even imagine what it will mean to our lives.
The question I put, what next? We all know that it is time to reflect, stop, and analyze the "candles".
Huge increases had to lead to a bubble that seems to me to burst. The number of projects that start from week to week begins to be absurd. ICO offers are attracted by the attractiveness of fast money. People are no longer aware of the real value of technology.
In fact, let's say who can explain thoroughly how the blockchain works?
Who is guided by the content when choosing the investment. The movie "Wizard of Lies" comes straight to your mind. Where the main hero, the head of a huge financial pyramid, who has been acting for more than 15 years, finally pleaded guilty. Most people can not make the effort EVEN IF their money is. Not many people realize how much time it will take to bring almost all projects to normal utility, and yet it can be years or even decades.
I therefore say that this correction is necessary. Time to take off the pink glasses and change the wallpaper with the "lambo" on your desktop.
They will survive the most reliable projects, with solid foundations and the future for success. And as far as investors are concerned, only those who do homework will be left.
I invite everyone to comment, leave upvotes, and typing their favorites for future purchases along with the argument.
Regards
@willku
hey wilku i just upvoted u...can u do the same for me please :)
sure :D
The top coins will survive and are at very good prices at the moment.
but what about their real value?
The only real value is to the company raising the money. Most coins will never be used for the purpose they were created. Currency must be somewhat stable to be useful. That is not cryptocurrency. So that only leaves investing and at some point the well will run dry because there is no real value.
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