When the rate is continuously dropping down and investors all over the world keep selling their tokens in the hope of not finding them out of funds, it's getting harder and harder to believe crypto has bright future.
True because the market is getting worst. And because majority of ICO's are scams its better for investors to dump once they have the chance to get a decent profit. Its not secret. It only makes is worst because we're in the bearish trend. Last year there were quit a few tokens dumps as well but its not evident because the condition is very different then.
What are the possible outcomes regarding the crisis, esp cryptocurrencies-wise and why they were actually invented for, namely, free exchange of funds with no borders and taxes, shops where you can pay without commissions and other things? We all saw a surge in ICO projects, each of which promised a real use of the crypto. Where are they now?
My thought is that crypto will still remain no matter what. Remember this is not the first time we experience this bearish trend. Much worst but crypto did survived, as for ICO, it looks like they're saturated already and no utility token coming out with real life usage. I think they will still go on and will continue to boom as well. But as ICO investors, you need to be careful and wise in order for you to make profits.
What are your thoughts and opinions on the future of crypto? Looking forward to hearing from you guys.
Sooner or later this bear cycle with end and a new cycle begins. I hope that you come prepared when the next bull cycle begins.