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RE: BITCOIN KEEPS REACHING NEW LEVELS OF LOW | WAKING UP TO ALL RED
@unclehermit I personally believe that people should diversify their portfolio. They should not go all in on anything. I also believe that people should not invest in things that they don't know anything about. The main reasons for this crash is the later. Many who entered this market were new comers. Sadly many lost their money while the old investors held on to it.
The crypto crash is a healthy response to blind speculation, following the crash what should emerge are the blockchain applications that offer the most utility. Things like asset backed crypto's, smart contract applications and those that will power the internet of things. I'm personally sceptical of pure cryptocurrencies such as bitcoin, litecoin, monero, etc. Governments will work to ban them and better technology will replace them.