MANAGE THE SMALL COINS AND SECURE YOUR FUTURE

in #cryptocurrency6 years ago

Time to times people are tempted to withdraw some of their small savings, the small crypto coins they have been able to invest. This could be due to the low growth of the coin and sometimes fall apart on their investment goals. Looking at the crypto coins trend over the last 2 months, a number of people have even hated the crypto world looking at their investment decreasing in value day by day. Well, Its still going down. This act shouldn't discourage any one and perhaps remind the the December scenario.

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I believe everyone saw how steem dollars, bitcoin and other tokens rised in value. No one could believe. Everyone was tempted to sell all his investments just to join the crypto word. That was just the beginning and many more are yet to come. At this moment, some countries are legalising cryptocurrencies, more exchanges are born and many more technological advancement is at point. Should we say that it's still the start? yes, I believe so. Well, some tokens will have to resist and others withdraw from the market. Only harp and future minded people will have to identify the best coin to invest in.

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No more doubts

It is said that ten years back, people thought that bitcoin was just a scam game and therefore caused people to reject the idea of investing in it. Well, still some people had to invest and plouff...there are considered as crypto millionnaires by now. Could this happen in the future too? Yes, I believe. It will happen, let's give it time. The art of patience is always needed to make progress in the investment system. Investment could attract bigger losses or benefits. Nonetheless, they are more favored than just chewing some money rather than trying it. Only risk takers will understand this. Remember, EOS was at 4$ three months back and now it has hit 15$ in May 2018.

Let's read at this article

The bitcoin price could reach $64,000 by the end of 2019, according to a new analysis of cryptocurrency mining economics.
The study, conducted by Wall Street strategy firm Fundstrat Global Advisors, argues that that the ratio between the bitcoin price and miners’ breakeven cost (P/BE) has proven to be a “reliable long-term support level” for the flagship cryptocurrency and that current and future mining infrastructure development will “underpin bitcoin price appreciation into year-end 2019.”
“We expect the mining economy to grow over the next several years, and project a BTC price of ~$36,000 by year end 2019 based on the historical average 1.8x P/BE multiple,” Fundstrat quantamental strategist Sam Doctor wrote in the report.
Doctor added that although $36,000 is the most likely target for the bitcoin price according to this analysis, it could end up anywhere in the $20,000 to $64,000 range depending how the landscape develops over the next 18 months.
Even the lower end of that range represents a 113 percent increase from the current bitcoin price, while the more optimistic target represents a 583 percent surge. At the time of writing, bitcoin was trading at $9,375 on Bitfinex.
As CCN reported, mining firms have been rapidly scaling up their operations following last year’s prolonged bull market. Bitmain, the world’s dominant mining hardware manufacturer, is said to have made as much as $4 billion in operating profit in 2017, and Canaan — its largest competitor — is preparing to hold an initial public offering (IPO) that it believes will provide it with a $1 billion valuation.
Fundstrat has long been bullish on bitcoin. Founder Tom Lee has argued that, among younger investors, cryptocurrencies are rapidly replacing gold as the most popular “store of value,” and the firm has published a number of analyses that suggest the ecosystem will experience sustained long-term growth.
The firm has set its year-end price target at $25,000 for 2018 and has previously said that bitcoin could rise as high as $91,000 by early 2020.

Article source
This could be real or wrong but the major point is that cryptos will shift at an appropriate time. No one knows the time but we believe in future months, years or even a decade that the decade will be high than ever before. What will you decide? Well, I'm not really a financial adviser but just a speculator. Well, we could consider all sources of risk as we all play the crypto game. Good Luck.

I will be glad to know your opinion about the future of crryptocurrencies in the comments below.

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Investing in cryptocurrency is a risk just like investing in other businesses is also a risk. Just like we find the right businesses to invest in, it's also wise to find the right cryptocurrency to invest in.
Well, I believe in the future of blockchain technology and I know that sooner or later those that invested in good cryptocurrencies will smile. It's even best to invest now the prices are low.

yeahh...my priority is now to discover the smaller coin which may yield profit in the future

Nice one!😎😎

There is no better opportunity than knowing where the world is moving and get there first! That's how I expect cryptos and their king bitcoin.
Thanks @jona12 for sharing!

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