A View on the State of Cryptocurrencies.
It not hard to tell that with each time cryptos take a big hit the skepticism will grow 10 fold. The reaction is understandable as many crypto investors are new to investing in a whole; BTC and the lot of other coins are viewed as a bubble by a large group of people and many being the legacy investors that have done it as their living for years.
The truth is, Apple was apart of the "tech bubble" but many fail to realize that a good deal of those companies rebounded greatly. Managing to create some of the strongest companies today.
It's hard to say for certain where the crypto market will go in the future but all investments are based on great timing and stalking the opportunity, entering directly when you want to avoiding excess risk as well as maximizing potential. Every new investment option is a new opportunity and no matter the current trend of the market its always important to keep an eye on in case there is an easy chance to make money it's always worth taking.
Would love to hear some other opinions on where cryptos are heading in the short term (next 6 months) and long term.(over next 20 years)
Happy trading :)
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