What usually takes weeks or months in the regular stock market gets compressed into hours and days here. All of which is thrilling, but at times can be stressful. The ability for hedge funds and other big players to manipulate the market with speculation is always going to happen. To the average person, crypto is magic and they fall victim to the newness and as soon as they see red, they think of how dumb they were to try this magic and sell...just what the big players wanted. All I say is, buy low, and HODL. Do you venture into alts at all?
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ALT coins are the future,,,, money coins are boring.... VeChain,,, RentBurry,,,, EOS,, IOTA,,, COB,,,, are game changers of the future
Potentially and no doubt one or two will be huge. But just like starting a regular company, most fail (over 90%) even with funding, good team, etc and after another 5 years, 90% of that number are gone. Based on the five coins your just listed...low probability those are the ones that will be around 10 years from now. Fingers crossed that they are for you tho! I'm most excited about BAT at the moment.
Exactly, that's why one needs a well diversified portfolio built up over time to reflect many industries (preferably in the Decentralized Spirit)... and that is why "money coins" (Bitcoin, Litecoin, Ripple, Monero, Zcash XVG, BTC, BTG, etc etc) will at some point not be necessary or practical,,, you'll go to buy a car with CAR coin and they will accept your HOTEL token to purchase the CAR tokens with,,, etc,,, there will be no need for "general money" -- tokens will be by industry or service.... JMHO