Jan 1st 2017 - a comparative look at crypto prices then & now
This is how difficult it is to not make money when you invest into crypto. Jan 1st 2017 was not all that long ago yet the prices are ALL so much higher now.
Those of you wondering how to make a return on your crypto investments should take a good look at this list and understand that the returns are a virtual guarantee assuming you have not invested into a scam.
If you had learned about crypto for the first time on this day and found your way to this list, even if you had picked the worst performer here you would be looking at an increase of x2.8 on your investment.
Can you imagine if your pounds euros or dollars went up by x2.8 in a year? Yep... ain't gonna happen.
The original image which was posted in my trading group yesterday so I added todays prices and posted it on Facebook with the intention of opening the eyes of those who still believe this is a bubble built on speculation, set to burst at any moment. Trust me when I tell you there are many of them who continue to mock my excitement. Not that I care about that. I simply want to help them get rich!
I wonder how many years they will be saying it is a bubble before they invest into it? Hopefully not so many now they have seen the incredible growth rate demonstrated in the image.
Ethical choices?
The interesting thing about this marketplace is that it is so vibrant right now we can think beyond the idea of returns to the ethics behind the coins and ask ourselves which ones are REALLY bringing VALUE to the WORLD?
@dannyshine & I were chatting about this a few days ago and wondering why there isn't a website dedicated to analysing and rating the coins based on this criteria?
- Do we want to put our money in Ripple?
- Do we want to put our money in Steem?
There are a plethora of questions to be answered if we are to understand the whole marketplace. Looking at the above two coins as examples it is clear to me now that choosing Ripple is ultimately supporting the banking system and is unlikely to bring any real value to the world, while our beloved Steem on the other hand is singlehandedly turning social media and the structure of its reward system upside-down, bringing power to the people.
Both coins will no doubt rise in value but Steem has the REAL value over Ripple, so when we choose our investment we can do so with a feeling of empowerment.
Or do we just wanna get rich right now?
At this stage of my 'trading' career I am in it for one simple reason. I have set myself a target of 1M which I intend to achieve by the end of the year, so my focus now is on the coins which have the potential for the biggest gains.
Once achieved I will become a much more responsible investor.
Until then I am dreaming of the moon ;)
Looking online there was a surprising lack of decent 'to the moon' images which clearly represented trading cryptocurrency so I created this one.
Feel free to use it as you wish :)
BTC is fast approaching $10,000 after hitting $6000 a week ago, and there can be no question now that the 2018 Crypto Games have begun.
Happy trading folks!
Who is @samstonehill?
He is travelling the world with his partner & two children and with no bank account he has been living on STEEM & crypto for over nine months.
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This is a great analysis! I'm definitely with you that Steem has SOOOOOOOOOO much room to grow and with the developing ecosystem, both integration of the steem blockchain into applications and the approaching SMTs, I think it is a sure thing barring any catastrophic changes in the market! @stevelivingston pointed me to this article, so thanks to him for that! :)
It is an exciting time for all us Steemians!
Appreciate you dropping by here :)
For us, it's the question of 'if only'. hahaha 'if only' we put in some money into crypto a year ago as we moved from England to Thailand and we knew we wouldn't be using our English accounts as much, so instead of letting it sit in the bank; why didn't we invest earlier? Yet, we didn't know and it's all in hindsight now. You either get it right or wrong. You live with your decisions.
Still there is optimism looking ahead and we hope to see gains and that this is the last time we see Bitcoin in a four figure value. Hopefully, you can get to your target of 1M in your crypto portfolio by the end of the year. That would be a great Christmas present to yourself and your family. For us, even 100k-250k in a year is fantastic, but then again we're not trading (at least not yet) :)
You and me both. I heard about BTC years ago but didn't do anything till I met the guy in the jungle who told me about steemit!
Still, no point in looking back when the only way is up from here ;)
You will be trading soon enough...
I know. When we look at how far it fell, it's still so much higher than it was before. It's amazing. It's easy to fall into the trap of thinking it's doomed or it's going down so low, but comparitively speaking, it's going up, even when it's going down.
That's exactly right. The media loves to focus on the HUGE crash without mentioning the bigger picture!
Thw whole Bitcoin is a bubble thing drives me nuts. Perhaps one could argue that we saw a bubble in December from 7K to 20K in such a short time. But the whole thing is not a bubble, because it did not, and was never going to, go down to 0. And it's steadily moving back up now. They're ignoring it now that it's rising again, but they were all over it and trash talking it while it was crashing.
Yep. All of 2016 was a huge buying opportunity. The trick is to remember that the big buy zones (time-wise) come after the cryptocurrency market has been flattened and the general public thinks that crypto is 'dead', a 'fad' or whatnot.
I really wish I had borrowed to buy more STEEM on the day it made the "Deal Altcoiins" list. Back then, it traded for a dime.
I agree. Wish I had seen the potential back then and just borrowed a bunch of money off someone!
Still, no need for that now. There are still plenty of waves to catch... and thanks to Steemit I actually have some money to throw at it :)
Yep, same here. Just goes to show you the wisdom of the old saw: life is understood backwards, but must be lived forwards.
I am praying For your success mainly because if you make it to a a milllion, i have a chance too.and that list is insane!!
You have more than a chance Danny. Especially after we have figured out the Bitshares option of BITUSD. I had a look by the way and have an idea of the basics now...
we all wanted success, i am hoping also that slowly, steemians should study how crypto evolve fast,
so we have a little hint why is it worthy to invest in steem power and the other cryptocurrency at the same time!
Absolutely. Steemit opens the door to the world and watching our Steem increase in value will always have the effect of turning our attention to the other potential investments...
#neversell
lets wait and see the screenshot from jan 2018 and jan 2019
It's going to be AMAZING ;)