We all know that the situation with market is not that good as we want it to be. Thus it affects a lot of ICO projects. On the one hand people don't invest in coin so much money as they did last year. On the other bounty hunters sell tokens fast and the price goes very low. That is why some projects prefer list their token on Idex first. They want to see how a coin plays on market.
And what investors should do in such situation? Sell all they have for small money or wait until a token will go up?
I'm asking as a person working in such project. After ICO token price went down (KCY, I'm sure you heard of it). And It is interesting to know investor's opinion about such situation.
What is your idea?
Hi there aleksandra!
First and foremost, you have a great table topic here.
It has been a consistent downtrend for most of the cryptocurrencies around and as many cited, this is not really abnormal, it is indeed a part of any economical cycle whether fiat in nature or digital.
I could not really speak in behalf of other investors, but what else could we do in times like this but to hodl as much as we could. Fight the cringe until before we literally break.
It's like having a piggy bank and fighting off the itch to smash it open till we really have no choice but to break it. And we really wouldn't care anymore how much is there as long as we have something to spend.
That's the downside of investing in crypto. It would be wise to realize that volatility will always be an intrinsic characteristics of any digital asset.
I just hope things get better soon so that people like us who are dependent on the crypto economy gets to breath fresh air again. #winks