CryptoRobotics Chief Advisor and a member of the Eurasian SMB Assembly in Blockchain technologies has answered to five top issues cryptotraders face today.
Is it still worth it to invest in crypto?
There is no sense to get in crypto if trader wants to take profit within 2 or 3 months. In this case there is a big chance to lose a part of the deposit because such market fall trend is likely to persist.
If it is a long-term investment, go and get it. All prices under $10 000 are worth buying for BTC.
Anyway you should be aware of all the risks on the market. Do not invest with credit money. Cryptocurrency market is very risky. Nevertheless, the more risks the investor takes the more potential profits he makes.
What coins are worth investing?
Apart from bitcoin EOS and Ethereum are worth investing.Those two giants will rule the big smart-contracts market, all types of tokens and digital derivative creation.
Next year cryptoinvestors are more likely to kick themselves when looking at summer 2018 charts. Now EOS is for $5 and ETH price is under $320.
Looking at the whole crypto economy, EOS and Ethereum are less risky compared to other altcoins.That’s because there are big EOS and Ethereum ecosystems and active community with hundred thousands of users.
The altcoin price is pretty cheap. There are also slightly more than a dozen of different altcoins (NEO, Tezos и 0x, etc.) in my portfolio. Entering these assets is pretty reasonable.
**What is happening on cryptomarket now? **
A great majority of cryptocurrency markets have lost considerable value over the past few days. The overall cryptocurrency capitalization as a whole has dropped to $210B. US Securities and Exchange Commission (SEC) has postponed the official launch of the ETF-bitcoin. It has influenced the drop as well.
The market fall is more like a manipulation, because SEC has postponed the adoption for ETF several times for the last few years.
Forecasts from the experts
There are some experts who believe in the capitalization increase up to a trillion of dollars by the New Year. If it is true we will see new 10x and 100x gains.
At the same time the TA of many experienced specialists shows that bitcoin may drop down to $3 900. But in my opinion the probability of such a scenario is small.
What to do?
Many coins are at their 2018 minimums now. I would buy as much as possible and wouldn’t sell tokens of different projects got in ICO or on exchanges.
I recommend all cryptoinvestors to be persistent, control their fear at this stage and remember their initial goals they enter the market. No clear strategy — many losses.