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Week#1 (18.08-24.08)

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I have been wondering why people are dumping their alts what is really happening because I have been hearing even before I joined cryptocurrency that crypto is the future currency which is correct, because people are making real money from crypto which I have seen. Do you still think that crypto is actually a future currency because of the dumping?

Maybe, maybe not. Nobody can tell with 100% accuracy that bitcoin will be the future currency. But yes there is a possibility that said by many economic analysts. It will happen as soon as the governments of the world will legalize cryptocurrency. But it is not so easy. The maximum countries in the world are against crypto now or they don't want to talk clearly about crypto. So it will come in the future but it is not so near to now. we need to wait for some years.

I think it's time to go against the bloody direction of the bear market since yesterday, everyone thinks that 2020 is a good time for a bullish market so I started to invest in old altcoin to look for profits when the altcoin market really rose sharply, I think everyone has been waiting for this for a long time and they have come slowly buying some other altcoins, starting now is better than waiting and hoping.

Although the price of Bitcoin has risen to more than 800 $, but the price of ETH is still stuck at 145 $ and without any growth. I'm afraid for the future of ETH because if ETH cannot break the price of 145 $ then it will quickly return to 100 $ soon. ETH is no longer my best altcoin choice at this point, it's best to buy BNB and a few other cheap altcoins because its chances of price increase will be much higher than ETH.