Forget everything you know about Bitcoin, cryptocurrencies and how to identify the next big “altcoin”. Everything “Crypto” boils down to simple arithmetic, there really is no need to speculate.
Yes you can make money…in crypto…if you do it right…
If you are bored and/or generally confused by all the chart analysts, “experts”, information, and misinformation being spewed out, chewed up and regurgitated all over the internet (as well as the main stream media)….we have something in common my Quora friend.
Talking about the “Tulips” reveals one thing about yourself….you know nothing (John Snow). In the next few months I will be publishing a whitepaper that reveals some crypto secrets that few seem to understand (AI bots aside).
Like most people, when I first heard about Bitcoin the initial reaction was to be very skeptical, still, it was worth digging into. After scratching the surface on the history of cryptography, Bitcoin, it’s founders and what blockchain technology aims to achieve, I was hooked. Cryptocurrency is not just the future, in many ways it is the past (sand-dollars, sticks, paper, debit cards…all look like “Crypto” to me).
Today, I “mine” cryptocurrency, sell “CryptoTech” products, buy “real stuff” with cryptocurrency, invest, exchange and roll through “Cryptocurrency markets”. For securing sensitive files and information, I trust cloud based blockchain storage over Microsoft and Google platforms, it’s also a lot cheaper!
Based on specific hypothesis, tests and refined methods here is my opinion on the following (most common) strategies:
FYI…charts reflect daily (15 minute increments) movement on just 1 Cryptocurrency Exchange.
Strategy 1 – Buy Bitcoin and HODL!
Your doing it wrong…the value of your Bitcoin is getting diluted every day and it will take a large infusion of others, “just like you”, to move the price of Bitcoin back to X*. Bitcoin is not as volatile as ALL the other cryptocurrencies. With this strategy you can expect to hold the longest and realize the lowest ROI (in comparison to “altcoins”).
BTC – Bitcoin
BCH – Bitcoin Cash
Strategy 2 – Forget Bitcoin, Buy Altcoins!
Your speculating and can expect the following scenario…Drop a grand on Ripple, it plummets 1% and Stellar goes up 1%. You stop your losses, sell Ripple and Buy Stellar…it immediately drops 2% and Ripple goes up 3%…
You get the point, it’s a gamble, a game of whack-a-mole and the odds are against you. One hint… You need all the pieces of the puzzle to put it together.
Strategy 3 – Get the Bot
What if I said you can buy a bunch of crypto, sell it for a 1% loss, and do that all day long on autopilot… Is that something you would be interested in?
I’m a straight shooter and will calls it like I sees it… Cryptocurrency lives in place that looks like a hybrid between your bank account, credit card and the stock market. Its also global and virtually unregulated.
Although this place is filled with smoky rooms and hackers, it’s actually easier to rig the stock market, sell your credit card digits on the dark web or hack your bank account using…shmenmo… than it is to access your hard wallet or Crypto Exchange (use that 2 Factor Authy).
That said, don’t go searching for someones bot or trading algorithm…just don’t do it!
Strategy 4 – Subscribe to the Expert Advice:
Aha… you knew there was a pitch at the end right? Nope!
Here’s the truth… anyone who knows the “secret” is going to charge you a brinks truck filled with cash, precious metals and property deeds for revealing ALL those secrets. I’m no exception.
If you subscribe to the email campaign or pay that Guru $49.95 for the “secret reveal”, just expect to get what you paid for.
Is it too late to invest in Bitcoin? No, but like any other “investment” do some homework and understand what it is you are getting into. Is it a Bubble? I don’t know, is the internet a bubble? Here are the questions you should be asking:
If you buy $50k worth of Bitcoin, does it matter if the value of 1 BTC is $1.00 or $1,000,000.00?
Is BTC more volatile than your Fiat currency? How does BTC compare to the price of milk, gas, housing, etc… and how does your Fiat compare?
Do you want to live in a world where your currency is diluted and/or regulated by “too big to fail” institutions and politicians or one where your currency fluctuates based on mathematics and equations that can be calculated based on what the market will bear?
Bitcoin is losing it’s volatility, which is necessary for it to ever become a true currency. Altcoins and blockchain products will continue to fluctuate just as the price of oil, milk, stocks, etc… Bitcoin is and probably will be (for some time) the medium of exchange in this newly emerging world.