I was to write my opinion but i belive this is a better source than myself :
https://www.bloomberg.com/news/arti...-red-hot-ico-rule-no-1-is-do-very-little-work
there he says: “There’s a massive bubble here that’s going to pop in an ugly way. That’s why I’m not an investor in alt-coins and ICOs, and only trade them depending on what the market’s doing.”
And this is what is happening.
As many bubbles, it will be pumped cuz we belive in cryptos, cryptos are the future but is the future now??
In my opinion for a few years cryptos may bang again but sooner or later will become more steady and less profitable.
It may go down more or wont, we are not fortune tellers, the truth is : are this coins all necessary, do they solve a problem? I dont think so right now, some price movements = a dream , you think will go up? if many think as you it will go higher.
At the end cryptos are only projects that we fund, is like trading nasdaq , cacacola, Ibm etc, is a product.
Inverting in crytops cuz they are coins with no project behind will drain your wallet.
Just few crytos will hold globally in future as Money (we do not want to live in USA for instance and have in our pocket dollars, euros, sloty, rupies etc, if go to an indian market in usa we pay in rupies? ) Internet is global we need just a few secure coins the rest are projects we fund.
Focus on those products that you belive in , and enjoy profits in your ederly time.
Have a look at the past : " Intel bubble price by year "
Another example:
Extracted from :
https://medium.freecodecamp.org/are...ison-with-the-2000-dotcom-bubble-a463d8dd8d8b
See how some will loose all their money and other will go up.
By the way i belive tron is one of those that will loose all its steam, BTc may double its price this years but i do not belive long term use of bitcoin as will arise better alternatives, i am watching some others projects and may share with you my thoughts ...