A Crypto Advice For 2019

in #steem6 years ago

2018 was a bad year for crypto in terms of the prices. Many people joined the cryptoworld when bitcoin was 15-20k and ofc invested some of their money as they believed that the prices will skyrocket and reach the moon. That thought of course wasn't something that came to most people's minds by accident or by any vision but due to some "crypto experts"

Those crypto experts "promised" and made insane bets that the price of Bitcoin by the end of 2018 will reach 150.000k and even more. Some of those persons were quite famous and also add the fact that the prices remained steadily increased for a while and there you have it.....

the false hope for everyone to become a millionaire!


Then a couple of weeks later the complete disaster arrived to our doors. The prices kept on falling, everywhere in the news we kept hearing how the BTC and other cryptos are "failing the test", "are a bubble" and generally speaking how many people lost their money because of these "fake currencies".

I particularly remember a certain story about a guy that took all of his bank money, around 60k and invested it in BTC when it was around 20k. Then when the price drop to 10k he sold them back and as natural having a great loss and ended up saying how BTC and cryptos in general are a complete scam. I honestly can't imagine his reaction if he kept his money in till now that we have prices of 3500-4000k :P

Anyways i am not here to tell you if cryptos are a scam or not but i want you for this new year to change your crypto logic (if you still hasn't) and dedicate sometime to learn a few things about this whole system and how it works. First and foremost before you even begin investing a single dollar you need to learn where you must hold your cryptos and what exchangers should you use for your trades. That needs quite some research!

At the same time you need to do your research for the crypto-coin/token you wanna invest your money. For that you may have a generic idea of what you like, for example a crypto that can be used to buy things, a crypto that's very safe, a crypto that is going to send you in Mars, the choice is up to you and your tastes. Thankfully, there many promising cryptos out there that you may share the vision but you need to be a bit careful.

Find some cryptos that may seem interesting and then it's time you do a very big and thorough research for each one of them. You shouldn't read only their site because that's part of their marketing but you need to both read the whitepaper and then search in forums,Youtube,other sites some reviews and seek a more in depth knowledge. Never just hear 1-2 "famous persons" that considered themselves as crypto experts. Very few people know what will happen to the market the next day or month and trust me they aren't gonna tell you.

Have multiple sources and learn learn learn. Talk with others via forums or social media teams and if then you are certain that this crypto has any promise it's time for the investing part. Before that though you can check if there is any free giveaway! Anyway when it's time to invest some of your money you will hear time and time again by way too many people that you should probably invest money that you can afford to lose and you won't have any consequences in your daily real life.

So in conclusion, when 2019 comes, try to find the opportunities that lie in the cryptoverse but dedicate as much time as you can in research before you invest any of your real money. Be extremely cautious and not believe guys that promise fast profits and extreme prizes like for example that steem will reach 100$ by the end of 2019!

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