I have seen the crypto market for last 1 year and the last 6 months are not so good for BTC and Alts.
The total market cap is going down and price of BTC is pumping and dumping again and again.
What should we do now hold or take a exit and wait for more drop ?
The total market cap is going down and price of BTC is pumping and dumping again and again.
What should we do now hold or take a exit and wait for more drop ?
That's the problem with you guys. You just spend less than 2 years and you got lucky you didn't enter around 2013-2014 specially right after the Mt. Gox heist wherein the price plummeted for not just a few months, but for years. Now I want you to go and check this: (https://coinmarketcap.com/historical/20170813/). That's last year snapshot of bitcoin's price, as you can see its $4000. Now, check the current price, you see the difference? We are still on the positive year-to-year. So I really don't get why you keep on complaining about the price. I'm sure that you wanted to see the price goes up, new all-time-high. But this is a speculative market, the price can go up/down anytime. If you are bothered by this, then I think its better if you exit.
My worry is as time passes, awareness and adoption of crypto has increased, however the real economics has not started !! meaning as of today it is just crypto - some may suffix currency or coins or asset ..what not ! only demand and supply of willingness to just HOLD in wallet or Trading (for traders doesn;t matter what is underlying asset that they are trading, only price fluctuations matters) is driving prices on either sides mainly FUTURE CONTRACTS which is dangerous all most all !!
All major governments across globe have not opened up there banking system to trade-on with their respective fiat nor they have allowed to do commerce with goods and services , this means they have not accepted it yet as alternative to fiat currency for the commerce in respective countries nor regulated fully as revenue stream to governments. This is the greater concern for any person to hold crypto-asset(my assumption until I buy any goods or services instead of fiat) with conviction or belief that as probability of regulation outcome is either 0 or 1 and it is greater risk from the point of Investment which is in the quarter "out-of-control" as per theory.
Good indication for me to decide on status of cryptos - as No Body has tried to put light on the points of my worries !!! means it true that people are just holding in wallets, and looking for just price point of view for trading. No one is worried about regulatory aspects, so hodl with very HIGH RISK.... prepare for either 0 or 1
