Cryptocurrencies a phenomenon to consider

I have been very skeptical about cryptocurrencies. Although I have heard of Bitcoin when it was trading for pennies on the dollar I had no interest in this strange virtual coin. What was it?

As I love history, it reminded me of the history of the Dutch Tulip bulb mania in 1636-1637. Everybody, rich and poor was trading the very popular imported Turkish bulbs in Holland and the price skyrocketed till it burst. Traders, bulb growers, ordinary men and even housewives, who wanted a piece of the action while they could not afford the bulbs, were ruined. That is how I considered Bitcoin. But there are more alternative coins out there and their popularity is growing fast. The bulb mania lasted just one year, Bitcoin and other altcoins are still going strong.

More and more people are seeing the potential to have and exchange virtual coins. Even countries like India, Japan, Russia and Switzerland are accepting or legalizing Bitcoin.

Then I heard Jeff Berwick of The Dollar Vigilante talking very enthusiastically about these coins. He even recommends his picks. My interest started to grow, but I still didn’t take action. When he recommended Steemit, I saw the potential I could have with my writing and the books I have published.

Suddenly all I hear are enthusiastic investors talking about blockchain, Bitcoin and altcoins. Now I am paying attention. Mind you there are almost a thousand altcoins trading on their specific market. Now I am convinced that Bitcoin and altcoins are here to stay.

Last week I followed a webinar organized by Palm Beach Research introducing their investment analyst, Teeka Tiwari, to train their subscribers to understand cryptocurrencies. Well now I am more convinced than ever to invest in cryptocurrencies!