The year 2018 by brought a lot of high activities in the crypto neighborhood, which includes an improve in mainstream participation, increase in the number of crypto customers, more awareness of what Crypto is, progress in funding for ICOs when compared to prior years and lots more.
Nevertheless, the year had come and gone and the market remains. Some of the lessons that could be learned are:
1) Never anticipate much from the government: it is worthy to note that there had been a lot of speculations with regard to US SEC approval of Bitcoin ETFs which a lot of Bitcoin customers and other crypto analysts felt was the needed catalyst for the market to bubble. Irrespective of all the expectations, none of it was approved. Also, some nations like India talked about the creation of a national cryptocurrency, but the government is the 1 that has placed a ban on cryptocurrency related activities.
2) Change is Continuous: alter could either be good or negative based on the side it takes. Yes, irrespective of the downtrend in the market, most investors kept hoping to see a good alter, with out acknowledging that alter is two-sided. So, anticipate either in the world of crypto with high volatility.
3) Don’t be certain on any problem that is not within your manage: some investors and Crypto proponents had faith that the price of some coins will go up to a certain level. Nevertheless, all the predictions failed because the volatility in the crypto market can work for and against speculations. So, becoming certain of a coin price at a offered price could only be the boldness of a scam addict.
four) Don’t be hasty to profiteer: like in all investments, it is always counseled that 1 invest only what they could afford to lose. The early bullishness in the market in late Dec 2017 produced a lot of individuals to rush into the market in early Jan 2017, with out knowing how the market functions so as to make a quick gain which is now a high degree of loss for investors in the top coins.