Thoughts on where the cryptocurrency market will be in 3 months? a year? 5 years?
Ive heard some rumors now from various posts and threads, that so and so currency is going to the moon, bitcoin will be worth 100,000 dollars by 2022 or something along those lines, even that soon the marketcap will reach 250 billion.
How can we determine between the trustworthy of these sources and their reliability, or are people trying to just speculate or get everyone excited and then create a pump and dump?
Also are pump and dumps seen as like a unwritten law of what you shouldnt do in the cryptocurrency community?
Please forgive me for being a noob and feel free to follow me @freshmark
More posts coming your way soon :O
Educate yourself on the underlying asset. Understand what it is, the problem it solves and why its use case is better than any other crypto/commodity out there today.
Educate yourself about the source of the comments. Who are they? Why should we take them seriously, etc.
Ask questions.
thanks, ive chucked u a follow, hopefully i can learn from u and other steem users, hope u like my posts :) @ladimando
The market cap at the moment is very small compared to other industries.
If cryptos become more widespread - in which they should - then i think the market cap will reach 250b very quickly and then much higher.
LTC to the moon.