I'm gonna be honest with you all , i have been trading/investing since 2017.
I earned about 110.000 by trading and basically lost it all, i decided to sell the rest and just quit. I'm gonna explain why, this cryptocurrency market
is very manipulative and can easily be controlled and it will never stop. The icos/alts will always keep sucking all the btc cash so it will always be hard for btc to grow and
dominate.
This market is made to make money and profit from noobs it's like a bitconnect scheme. Every dollar that is made by someone, someone will lose money. Every dollar that
is made in this system will be sold to fiat and if there is low btc buy power it will mean that btc will only keep going down. This market is basically made to make
money from new users like a scheme. For example can you actually believe that if you would've put 10k usd into bitconnect you would have a monthly return of about 4500
every month by lending? This is unbelievably high which again means for every btc/dollar you lend out into this cryptocurrency system = someone will lose money that's
the main reason this market won't be there for long. Because it's basically a pyramid scheme.
No shit. If you don't know what you're doing and is blindly investing in bitcoin uneducatedly then it's no wonder that you have lost everything that you've invested in. I'd like to correct you, bitcoin is not like bitconnect. Bitconnect is a ponzi, while bitcoin is a currency. Bitcoin is not a scheme that promises you infinite returns, it's a free market, if more people believe in the potential of bitcoin then the price will naturally go up.
Learn these basics before you even attempt to trade anything.
Cryptocurrencies have a long way to go. While the price may drop in the short term the long term price should hold up and continue to grow, in my opinion.