crypto market right now is one big game. In other words pumping and dumping and will continue to be the norm for at least another year. It' short term trading that are making the big bucks, those who spent big early and got out after doubling, tripling, four folding — rinse and repeat. If you invested for long term then the one big risk is that whichever alt coins you chose to keep in your portfolio better have real world value in the future otherwise all you have is hope. When those alt coins that will actually have real world use is when we will begin to see similar patterns in them that we see in the stock market so my advice would be if you are looking to get in now, do your research on alt coins and stick with the ones you think will have real world value no matter how bad they might be doing as of this moment. Even if you bought at 20k high if you were lucky enough to pick the right coins in the long chances are when the market is back up you should see gains enough for when you put sell orders that you will be making profits. crypto market right now is one big game. In other words pumping and dumping and will continue to be the norm for at least another year. It' short term trading that are making the big bucks, those who spent big early and got out after doubling, tripling, four folding — rinse and repeat. If you invested for long term then the one big risk is that whichever alt coins you chose to keep in your portfolio better have real world value in the future otherwise all you have is hope. When those alt coins that will actually have real world use is when we will begin to see similar patterns in them that we see in the stock market so my advice would be if you are looking to get in now, do your research on alt coins and stick with the ones you think will have real world value no matter how bad they might be doing as of this moment. Even if you bought at 20k high if you were lucky enough to pick the right coins in the long chances are when the market is back up you should see gains enough for when you put sell orders that you will be making profits.
Also regarding bitcoin think about this. Bitcoin at some point in the future will take over fiat. This is fact. Bitcoin is like the old internet right now. The old internet was once slow, expensive, faulty and limited but had incredible value to it. Speed and reliability is what was needed. Eventually it got so fast and efficient it then opened those doors to pretty much everything we do on our computers today. Bitcoin is the same. It is improving like the internet once did. The lightning network now, cheaper transactions and soon all vendors will accept it as a form of payment. When this happens bye bye fiat. The next generation won't even had experienced using fiat, just like this current generation has never experienced the slumber of using dial up internet. So in 30 years would not be surprised if we will see bitcoins market cap alone be over 1 trillion on average.
