I know what a lot of people are thinking: "Bitcoin is $2300+ now, alts have gone up 50%, 75%, 100% in the last couple of months... How much longer will it last?" The answer is that it has hardly begun.

Here's why:

1. People sitting on bitcoin are looking to diversify.

The rise in bitcoin and ethereum in the past months have increased their market capitalizations by $40 billion. From this rise, holders of bitcoin and ether are now sitting on a much more valuable amount of cryptocurrency and are looking to roll their profits into altcoins. This need for diversification is increasing the demand for the altcoins and causing the prices to boom, as we especially saw last week.

2. The regulators are coming!

As the cryptocurrency market continues to grow, regulators (the SEC, et cetera) will eventually have to get involved. When they do, the "scam coins" and "get rich quick" ICOs will become very rare and eventually cease to exist. As the cryptocurrency world becomes less of a shady place, investor confidence will increase and a lot of the downside and risk of an investment in cryptocurrency will be eliminated. 

3. Speculation and excitement

ICOs. Yes, I wrote about how some of them are scams in one of my recent articles. However, there are also some ICOs in which tokens are being offered that bring INCREDIBLE and REVOLUTIONARY blockchain technology to the table. In these legitimate ICOs, investors can expect (and in some cases have received) immediate returns on investment. The new technologies are going to keep coming, and will get better and better. More and more people will want to get involved, and there will be some huge returns on investments and gains for the cryptocurrencies that bring this new technology to the market. 

Think about it this way. The peak of the cryptocurrency boom is a time when you will be able to go around and ask your friends, "Are you invested in cryptocurrency?" and 9 out of the 10 times, they will say yes. Is this the case now? Not even close! I still find myself explaining what cryptocurrencies are to people almost every day! Until we reach this point where EVERYBODY knows what cryptocurrencies are, we will not have reached the peak of the boom, and cryptocurrency excitement and adoption will continue to grow. This will keep the prices going up and up more.

My advice to you, the reader, is to get invested in cryptocurrencies. Quick note: NOT ANY CRYPTOCURRENCY. Find one with actual purpose and/or revolutionary blockchain technology behind it. Whether you have $100 to invest, $1,000, or $100,000, EVEN as small as $10. Get invested, and get involved in the community. Learn about the coin(s) you have invested in, how they work, and get involved in the communities, message boards, stack exchanges, forums, etc. 

In summary, cryptocurrencies have been going up in value like crazy in the last few months. However, the ride is just beginning. We are still at the bottom of this mountain and it's going to be an incredible trip to the top. Thank you for reading.

                                                                                                                                              

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