RE: Cryptocurrency 2017 Price Predictions And Fundamentals
Agreed, Bitcoin is the opportunity of a lifetime. We live in very interesting and exciting times.
People talk about the risks associated with crypto, but less about the opportunity cost of missing this modern day gold rush as a new decentralized global order is established. They also largely do not understand that inflation is eroding their savings at an incredible rate.
Agreed the market is huge, I understand global fiat currencies are over $4 Trillion and gold around $7 Trillion. Of course we know fiat inflates and gold fluctuates, but at a market cap of around $130 Billion, crypto, in particular Bitcoin and Ethereum look decisively cheap.
My alt-coin currency picks are LTC, XRP, IOTA, STEEM, ZEC.
My token picks are OMG, PAY, REP, EOS, NMR, BAT & MLN.
Absolutely, one must diversify portfolio. My strategy is to weight the big market cap currencies as the bulk of the port, with BTC taking 40% and ETH at 15% and LTC taking 10%. The rest is distrubted amongst the alt-coins and tokens that I am drawn to and see have 100x upside - all being well.
Definitely need to observe caution in the ICO space. I always look for a great team of individuals with a track record in the space, a MVP (Minimum Viable Product), a USP (Unique Selling Proposition), a clear vision and strategy, active community of developers and evangelists, respected advisory board and investors and most importantly the X factor - something that intrigues me, keeps me coming back for more.
Thank you for your insights. It was a pleasure to read. Happy trading and investing.