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RE: The Crypto Rush - Tip #1 to help you with your future
Imo crypto will eventually revolutionize many aspects of our world. However, this current climate is very reminiscent of the dot com bubble. Personally I think many of these startups will fail, but the ones that last will become huge players on a global scale.
Also I don't think many people realize the difference between these cryptos, they are NOT just currencies. Each one has special characteristics and advantages. Ether for example has a multitude of uses outside of the token. It can be used to develop all sorts of decentralized applications that can have widespread use. And these innovations is what will fuel the growth of this "industry?".
Also I think that the time horizons for these revolutions are much farther out than people expect. The majority of people will lose their faith way before they actually make good on the promises of a better future. This current market is very speculatively driven. This will most likely result in a crash of some sort and will offer manyyyyyy great buying opportunities for those who are patient and realize the true value of what has been created here.
Yes, the hldrz will do well, but the investors shorting arent to be very happy right now. You can make some but not as much as the hype constitutes.
Yeah shorting right now would be like stepping in front of a train. Probably not a good idea. However if the momentum fades and they start decisively turning down, I'll definitely be looking for short opportunities.
Agreed. Ya I sold Strat when it was $12 and kept some and now its $8 or so. Antshares or NEO is a great investment right now because of all the hype, especially for shorting.
Ya definitely, like you said ether is a framework that uses coins like golem. Golem uses the fuel of ether to push transactions through.
What're your thoughts on the current prices and near future for these cryptos? How much farther do you think they can go? The thing with bubbles is that the participants are irrational. So trying to call the tops is hard because it's not like they are acting on logical decisions.
Well, the problem right now is you are correct, people are acting irrational because they are new to the trading/hldr world. Most of the time whales are testing each coin for weak hands so they can gobble up some cheap coin so it's very hard to predict growth, when they are trying to increase their coin capacity. I am planning to write up a blog about possible future prices based on my criteria that I do for all my coins in my portfolio. But for now I think we're going to see this weird flux in prices until the beginning of August when the HF(hardfork) is supposed to take place. I can see after that point tremendous changes in all coins. I would suggest gathering as much as cheap coin that have solid backing like (ANS, SIA, XRP to name some) of course ANS or NEO isn't cheap anymore but it's supposed to be the Chinese Ether. Hope this helped my friend.
Cheers
Mark
Awesome. I'll definitely keep an eye out for that post. Thanks!
Have a nice one.