This will make you very sad or very happy

in #bitcoin6 years ago (edited)

Do you have a crypto-plan B? I found the first Coinmarketcap.com table I saved from November 29, 2013. Bitcoin was making the first bubble-like top, at least as it got known publicly in 2013. It’s price surged more than 10 000 percent in 12 months. It’s market capitalization was still very low, 13,3 billion dollar. (Now, it is 103 billion.)

Empty or full?

Is the glass half empty or half full? Your choice. If you bought Bitcoin for 20 dollar in 2013, I suppose, still empty. If you purchased it in December for 18 000 dollar with a credit card… 18 Litecoin.jpg
But this table also teaches us that cryptos can loose popularity very much, and being crypro-HODLER only doesn’t garantee success. Litecoin is in a relavitely good shape, although it has fallen to the 6th place, the price now is still twice than that in 2013. But the others? No signs a bright future.

68-98 percent losses

Peercoin is now on the place 186 of Coinmarketcap, Namecoin on rank 288, Feathercoin 244, Megacoin 871. Protoshares is called Bitshares now, on rank 34. Novacoin 539, Worldcoin 1043. (Of a total of 1486.)

Make plan B

Peercoin’s price fell 68 percent in all this years, Namecoin 88, Feathercoin 91, Primecoin 82, Megacoin 98 percent. Yes, the others fell, too. I know a lot of cryptos on the top of the current capitalization list are relatively new, were launched 2017, 2016 or 2015… But 5 years from now on, others, other totally new ones will occupy the best places? That would be bad news for HODLERS.
So, I suggest, don’t invest all your money in the same crypto, and make a plan B just for the case, a long crypto winter was coming.

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Sometimes you really need to have Plan Bin other case you can loose all what you have! And this is true not only for financial markets, but also for life too!

Some of the names of the coins are brilliant - BBQ coin and junk coin im looking at you

Thats why you diversify. Cant have all your eggs in one basket.

For trading in crypto one must understand the whole process and have knowledge of the crypto market so that he minimise the risk and get good returns from crypto market

#ImSmartNeoholder because:

-$NEO has a strong development community
-Proof of Stake, rather than Proof of Work
-Broad international acceptance with, to date, no evidence of fraud
-fitting the mold for a regulatory compliant.

Many other are in tears about what's happening to the market but not me cuz i'm very sure that #NEO is going to be one of the long term winners. Also the passive Gas income this way easier for me.

Honestly, the #NEO blockchain has a lot of legitimately solid projects overall,free zone of shitty projects

I suppose that's because Neo is now on rank 12, with more than 2 billion USD of capitalization. And one year ago it was 4,7, now 31,7 USD. I can't say which cryptocurrency is better for the future, I see that developers are working on many of them to make them successful.

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