What's the best thing to do in a bear market of cryptocurrencies? The Council of experts
Source:
Captainweston firms argue that during the bear market to invest in altcoins not as risky as Bitcoin. New Wave Capital told Yahoo that altcoins with small market capitalization incredible long-term potential. A startup from San Francisco as it hints at a big travelling bag which Bitcoin will drag along at the first . Therefore, traders for more confidence should be to diversify the portfolio under several long-term assets.
Of Course, the company noted that Bitcoin remains the most viable coin in any bear market. CEO of New Wave Capital Eric Campbell commented on the idea.
In a bear market, people tend to depart from altcoins and trying to escape something more «traditional» like Bitcoin. But I'm sure when the next bullish reversal is a huge part of the money immediately distributed to many alternative cryptocurrencies.
Although Bitcoin remains the clear leader of the crypts, there are several projects ready to make him serious competition on the technical side. For example, Ethereum allows you to create and run decentralized applications and smart contracts based on the public blockchain. Monero, offers users a much higher level of privacy than Bitcoin very lame. The company enters into a major contract, which later can afford to use the token XRP for everyday and cross-border payments.
At the same time, Bitcoin is the least affected in the course of the bearish trend this year. The coin has lost 54 percent of the cost, the same Ethereum fell by 74 per cent. Token XRP from Ripple has lost 78 percent, and Bitcoin Cash also decreased by 78 and 82 percent, respectively.
But despite , these projects are a great option for long term investment, as is already demonstrated their suitability for infrastructure. More data to search for .
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