This message is from South Korea. A few month ago, I was interested in Bitcoin and I searched and googled cryptocurrency. It was amazing and surprised. After that, I got to know lots of cryptocurrency coins. I thought that cryptocucurrency will be the center of the 4th industrial revolution. As time goes by, value of cryptocurrency has increased. I started invest in value of bitcoin, Ethereum and some altcoins. However, as I purchased coins, coin markets are down likes ski slope. In Korea, a lot of people purchased cryptocurrency on speculation. I was so sick of speculation. However, cryptocurrency was a hope and light of the middle class. Some people made a lot of money. Cryptocurrency speculation was overheated in Korea. Compare with cryptocurrency world market, Korea market is very higher. We called it Kimchi premium(korean market coins are 30% higher than world market). However, if someone makes money, someone must lose. I heard that only top 1% control cryptocurrency market. It was so sad. If it is true, the value of cryptocurrency was not fair as new currency. I invested in bitcoin, ethereum, etc for their value and future. However, because of overheated market, I also became a speculator. I had invested in all the mountains such as money for marriage, house and parents' money. After, I lose everything, I regret and figure out that how I was stupid. Still a lot of people believe that cryptocurrency will make people rich. People believes that high risk makes high return. It migh be true. I hope that people should invest in value of cryptocurrency not for money. I want cryptocurrency help change people's mind. And someday, I hope bitcoin, ethereum and altcoins are settle in world currency. Also, please don't make same mistake just like me.
Thanks for reading and please advice me.
No, the Bitcoin is not over. Even though the market value of Bitcoin and other altcoins are on a downward slope, it doesn't mean it is over. It happened to it before then after that the market value of Bitcoin trends up high fast. Cryptocurrencies are the future. I compare Bitcoin and other cryptocurrencies as the Bittorrent in virtual currencies. Napster and Physical banking system are the same, they are centralized, if someone breaks the central system it's over. That's how to differ Cryptocurrencies and Bittorrent, they are decentralized technology and it is impossible to break.