Major crypto currencies are falling down again. Bitcoin now at the level $7325 / BTC and Ethereum is at level $398 very far away comparing to January 2018 markets. During these months only, the prices have been falling down several times, and mostly due to the heavy sold out of the curator of former exchanges's stocks of bitcoin which suddenly poured into the markets.
Many investors said HODL (to hold) the bitcoin and other coins we already keep in our wallet or exchanges. At least that was the only things we can do. Try to sell to the panic markets will only create more turbulences. Bitcoin markets from 12k level tumbling down to now level at 7k had really made all investors bloodbath indirectly.
I remember how Ethereum also affected badly with this turmoil markets. Apart from heavy garage sales of the bitcoin and ethereum to the markets, many rumors and bad policy create more bad sentiments against the cryptocurrencies.
For opportunistic investors, they might run exit the markets and disappear.
But for long terms investors who have intention to invest and have the good guts, this is in fact the right time to start shopping around, buy the prospective cryptos from the markets whilst the prices are very cheap.
Most important, we must select carefully only good quality cryptos with long term prospects like Bitcoin and Ripple (XRP). Bitcoin we believed will again raise to the top as its limitation to be mined. Ripples is prospective due to many financial institutions have started to use the currencies and the systems to speed up the remittance process.
The more they choose and use Ripples as the remittance and payment basis, the more Ripples will be looked by the markets.
On the highest price, Bitcoin is still very interesting as long terms it might go to more than $20,000 or even $200,000 / bitcoin which is possible. While Ripples is still very cheap now and now at the level of $0.52 / ripples and had been in the market ranges of $0.85 / ripples or even more than $1 / ripples hence the way to go up still very possible.
Why cryptocurrencies and trading cryptocurrencies are still very interesting and prospective, are due to the facts that anybody may buy cryptocurrency even for only USD 1. Normal is best minimum USD 10 to start.
While to start invest in Shares, Stocks you must start min USD 10.
If small volume, on cryptocurrency you may only need to proof your identity and some kind of proof of residence like Bank statement or Credit Card billing statement. While for Stocks shares the due diligence process and KYC will take more complicated to follow.
Both investments have the risks. Risk to gain but also risk to loose.
However, based on my own experiences, the risks is much better and attractive in cryptocurrencies as the gain is quite descent.
So I believe the cryptocurrencies will remain attractive and prices will go up again very shortly due to the demands will be higher compared to the limit of availability of the cryptocoins.
For me, HODL is better as it is attractive to HODL the coins for long term and infact this is the time to buy while cheap.
