I believe in the cryptocurrency market and believe in its huge potential. Though now and not the best times in the market. But experienced investors understand that this is only a correction of the market, which is a consequence of the significant growth of the market before!  But I think that many newcomers now need support. I wish us all patience! Soon we will see a new wave of growth, there is very little!!! For those who are quite sad reminded that " those who in 2013 and 2014 believed in the basic cryptocurrency ideas and invested very little in crypto-coins, then, a few years later, became super-rich»

So after the bearish market came
I've been holding more alts than BTC/ETH

Coins like COSS, NANO, CND and etc
I been making loss and missing out most of the pump because i sell these coins and convert it to ICON (ICX) which i waited it to be move
So basically after everytime i sold my specific alts, few days later it went 100%   

NANO, bought at 0.011 ETH i sold at 0.005 ETH, 7 days later, it went up to 0.013 ETH. Hold for almost 6 months and sold, it went up after 7 days.
Same to NANO, COSS

Everytime i sold, within days to 1/2 week
It pumped like crazy

Just like COSS
Sold off 100k at 28 ETH last week
Today 100k COSS priced at 53 ETH

Holy i been making huge losses in 2018 

What do you think will happen to the crypto market if there is an economic crisis around the world?
This topic is very interesting for me, so I would like to hear your thoughts.

So what would we do? Prepare to sell all altcoins to make a big dumping or continues hold? you say what we have known, but if we invest we must accept to lose.

As an amateur user I was always confused about all these ERC* tokens. I knew only ERC20 standard and could not understand why we need to make all these crypto things so complicated. And yes, I was Dummy.

So I tried to dig deeper and started studying all these complicated pieces of information. And now I want to help such people as myself to learn something new and save some time.

ERC20 - is specifically a fungible, smart contract enabled token that can easily be developed by a third party. There are a lot of such tokens and a lots of people owe them. If you have 1 ERC20 token and your friend has 1 ERC20 token and you make an exchange - nothing will happen. You will be the same proud owner of 1 ERC20 token.

The reliability and flexibility offered by ERC20 help it slowly but steadily grow to engulf most of the market.

ERC721 - is a unique non-fungible token. A non-fungible token allows for assigning an immutable identification to a non-physical object.

Remember Crypto Kitties? Yes, your cute kitty is ERC721. It is unique. It has unique price. If you ever make an exchange with your friend you will get another object. Nobody has the same kitty as yours.

Users appreciate the transparent collectible creation system and invest accordingly.

ERC1155 - allows to assign items (ERC721) to a class.

Items that are identical in game can be combined as a fungible asset, while still allowing unique items to be traded on their own.

I hope this information helped you to understand ERC tokens better.

P.S.

I’m still Dummy and I’m ok with it =)

*Ethereum Request for Comment

For those who still have questions about BLOCKCHAIN
Here is great article explaining everything about BLOCKCHAIN:

https://fortunejack.com/blog/article/do-you-actually-know-what-blockchain-is