The Good News and Bad News Of Cryptos. Good News Is You are Going To Be Wealthy
The good news regarding crypto currencies and tokens is that if you are an early adopter, you are going to be wealthy. Anyone that is observant enough to see that the global monetary system is converting over to the blockchain and crypto currencies and takes advantage of owning such currencies will become wealthy. Getting into crypto currencies and tokens is like investing in the internet and such companies as Amazon, Google, Apple, Intel, Microsoft and more in the early 1990's. History tells us how those companies performed. Fast forward to today and crypto currencies and the blockchain is like the internet of 1994.
The bad news is this. From today, forward, people, governments, corporations and criminals will try and separate you from your cryptos. The right crypto currencies and tokens will become extremely valuable. We are starting to see the consolidation of the top 100 coins now. Each month, over the next 3 to 8 to 10 years, these coins will continue to gain in value. Just imagine when we go from 2% of the population owning and using cryptos to 50%. What will the values be then? What will happen when Trillions of Dollars start to flood the market cap? You know, that eventually, close to $2000 Trillion Dollars globally will be converted into cryptos.
The powers to be want our cryptos. Governments will want our cryptos. Criminals will want our cryptos (some may say I already mentioned the criminals when I said powers to be and governments). As time passes, more and more sophisticated attempts will be made to separate us from our cryptos. News and FUD will be used. Global personalities like the 3 stooges yesterday Buffet, Gates and Munger will come out on stage, in their wheelchair, telling people to stay away from Bitcoin. Banks and governments will warn of fraud, hype and speculation all around cryptos, so stay away for your own good. Highly cleaver cyber attacks, viruses and Trojan software are already designed to steal your cryptos. None of us are safe.
What should we do? Keep building our crypto portfolio and secure our crypto assets off exchanges, off line and in safe hard wallets. Good luck everyone, we are swimming among sharks and it is our cryptos that they are after.
image from: cointelegraph.com, omaha.com, tvupstream.com
Excellent and insightful post...thanks to Jetblake...thanks to Matt Beasley - it is what it is...crypto crusade is gaining momentum in Africa and Nigeria is in the forefront.
Yes, Cryptos and blockchain is huge in Africa. Nigeria is going gangbusters with crypto. Stellar Lumens plans on being a major crypto currency and platform for Africa. I truly believe, that Africa will benefit the most from the blockchain crypto revolution. Thank you for your comment.
This is something cool news i have heard today. I will keep some coins for future.
Yes, keep some coins for a long term investment. I am keeping many coins for 3 years and longer.
Excellent post!
Thank You, I hope my posts encourage people to stay the course with cryptos and give in to FUD.
Hi @jetblake
I have crypto on an exchange but not on a hard wallet. What is the best hard wallet to buy to get all your crypto's on?
I use Ledger Nano S. Only buy one from the factory out of France. Their website is ledgerwallet.com. It is a great hard wallet that stores many crypto currencies.
Only one word comes to mind when i think of holding cryptos for long term.....Patience! If you have it you will do great, but if you do not have it you will cost yourself a ton of financial security.
I agree. Patience and holding is the key. I view crypto currencies as an insurance policy against a collapsing global financial system. Kind of like what Venezuela is going through currently.