2018: 4 tips for crypto-maniacs

in #bitcoin8 years ago

While 2017 may have been the year when crypto-currencies really began to be on people's radar, I predict that 2018 will be the year we see them becoming more widely adopted. Whether you are in the cryptos world or already a veteran, here are some tips for the coming year. Note: This is not a financial or investment advice.

Do your own research, and be thorough!
One of the most frequently asked questions at events or by friends and family is:

"What is the next currency in which I should invest?"

Frankly, I hate this question because everyone should really do their own research on the projects and crypto-currencies on which they want to invest their money. Not only is it the best to do, but it also saves everyone from the embarrassing situation of blaming someone else for making a financial fool. Nowadays, most projects are well documented and offer many ways to get in touch with the team directly. There is no excuse for not being meticulous and independent in your research in 2018.

Do not be attached to a crypto
Maximalism in cryptocurrency has never made sense to me. The beauty of the open source nature of Cryptos is that if someone does not agree with the way a project unfolds, he or she can get away from it or choose to buy other cryptos. To believe in one and to criticize all the others is useless and does not serve the cause of the cryptos. Educate as many people as you can on cryptocurrency.

Educate people
I think the community is what will make 2018 the year of the adoption of crypto-currencies. So go ahead and talk to people, or maybe even prepare some paperwallet of a cheap altcoin to let people try it for themselves. With all the FUD of the mainstream media and the ceaseless attacks of the skeptics, it belongs to the community to show the true value of the cryptocurrency.

Show the example: use your cryptos
It can be tempting to never spend your cryptocurrency. After all, what happens if the price flies tomorrow? However, thinking exclusively in this way transforms the cryptocurrency community into a band of speculators, considering their cryptos as assets correlated to the fiat. This is not the original intention of cryptocurrencies. Cryptocurrency can only flourish if its use cases are obvious to users and adopters. If its main purpose is to be a currency, then it must be a store of value but also a means of exchange. Personally, I use a "cold" wallet for "savings" and a warm wallet to "spend" as I do with my fiat assets, which seems to work pretty well.

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