How do I find the next big thing like Bitcoin?
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18 ANSWERS
Rizwan Asif
Rizwan Asif, Chief Artificial Intelligence Officer (2016-present)
Answered Jan 3
Jeff Bezos, the CEO of Amazon, was once asked , “What’s going to change in the next 10 years?”. The interviewer was also hoping to hear the ‘The Next Big Thing’.
However, Jeff’s reply was a smile and, “ That is a very interesting question; it’s a very common one. I almost never get the question: ‘What’s NOT going to change in the next 10 years?’ ”
With the changing dynamics of markets and human behaviors, it seems difficult to predict the right choice. However, we can predict things that will stay with us and choose what to invest on. Let’s look at Jeff and Amazon. For him the thing that will stick with his brand will be timely delivery and low cost. No one in 10 years would like late delivery times and super expensive stuff. So he invested his time and money on improving that and today we see Amazon, a leader in the online market.
The secret that Jeff threw at us to find the ‘The Next Big Thing’, is not by looking at something that will drop from the blue but something that will stick with us. That’s where you make money.
As to answer the question in relevance to Bitcoin. Just ask yourself, ‘What is the future of banks?’
A wise person once answered that with, “There are no banks in the future”.
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Olof Smith
Olof Smith
Of course there will be banks in the future as well. Or another institution that can lend you mon...
Rahul Parashar
Rahul Parashar, Invested in it like mutual funds, further growing portfolio
Answered Jan 17
To find the next bitcoin first you need to look into the bitcoin history and see how its price fluctuated.
As you can see here in WikiPedia the bitcoin price history, which follows
March 2010, bitcoin price was $0.003
May 2010, bitcoin was $0.01, Laszlo Hanyecz made the first real-world transaction by buying two pizzas in Jacksonville, Florida for 10,000 BTC
July 2010, it was $0.08 and in just five days the price grew by 1000% to $0.8
Feb 2011, it was $1
July 2011, it was $31
Dec 2011, Then it dropped to $2
There after it rose to $266 in April 2013 and dropping 60% to $100 in June 2013
Then you need to understand that why bitcoin price has gone upto $20,000 in Dec 2017, it was only because of speculation. And the limited coin supply. Only 21 million can ever be mined.
Bitcoins have some problems, the major problem is slow transfer time and high cost of transfer.
There are many other altcoins which seems to be solving this problem, like cardano etc. But there supply is huge, There will be billions of coins, Cardano has max supply of 31 billion, then there are many alt coins whose prices have already surged.
As of date today, the market is correcting.
From a all time high of over $830 billion market cap on Jan 7 2017, it went down to $483 billion market cap on Jan 17 2017, in just 10 days, it lost over 40% of its value.
This is all because of Rumors that Korea is banning cyrptos and due to panic selling. More over Warren buffet stating “Cyrpto will see a bad ending”, I respect Warren Buffet, but he is too old to understand the future of currencies, future is Digital, and there will be no paper currencies it will be all digital currencies in future.
More over, this is not the first time this crash is happening, it has happened in past and the market has rose from ashes to break the all time high to achieve new peaks.
No one can stop it from rising again. There are many investors who always look for such drops so that they can buy more at lower prices to get more profits. But for non risk takers it wise to sit tight until it start rising again.
Those who held on to their bit coins even though it dropped from $31 to $2 and trusted on their investment have seen great profits.
So if you are non risk taker and want to buy a coin which has same supply as bitcoins and offering them for FREE then it wont take you more than 2 mins to signup and get your 5 FREE coins.
Legit Coin which is worth $0.6 as of today and is predicted to reach $70 by March 2018, who knows if you hold this coin for 7 years it might worth as much as what bitcoin worth today.
Legit Coin too have only 20 million supply just like bitcoin. Unlike Bitcoin which is only a cryptocurrency, Legit Coin is not only a cryptocurrency, it will be real money as they will be issuing a MasterCard which can be used to cash out your Legit Coin from ATM. Also you can convert your bitcoins, ether and other altcoins to legit coin and cash it out.
As per their website :
Legitcoin can be safely stored in wallets built for the Cloud, Android, OSX and PC and it can be transferred directly to anyone instantly at virtually no cost – without banks, without chargebacks.
Legitcoin users can monitor their transactions through our own block explorer.
The system is capable of handling up to 5.9 million transactions per second, and it is compatible with today’s crypto platforms. Legitcoin will be listed and freely traded on several cryptocurrency exchange sites including Bittrex and HiBTC and will be accepted online by merchants in an ever-increasing number of countries.
We will be one of the fastest blockchain ever made.
They are offering $10 worth of Coins for FREE on sign up. Click here to signup and get your 5 FREE Legit Coins
Disclaimer : Before investing money in any of the coins, make sure to do your own research as well, I am no investment advisor, just a crypto lover. Also make sure to follow the golden rule of crypto investment, invest the amount which you can afford to lose.