long haul yes, look at cold wallets
Ripple only doubled in value since yesterday. But for those who bought it at under 20-30 cents. We are at 10-15x our initial investment.
My prediction of 2017 crypto was right and wrong.
Assumed their would be some form of mass adoption
Assumed wallstreet would begin investing into crypto
- BTC at 4000 dollars (based on the 4x value per year of its existence)
- ETH to be at 200 dollars
Predicted altcoins would gain major traction
More app base exchanges (wrong for now)
Crypto security boom (wrong for now)
Businesses would begin to adopt use crypto (wrong for now)
2018 Predictions
- Consumer level mining will become obsolete beside shytcoin mining, so now it will be more of a guessing game on survivors and prediction of alt future values with good level difficulty mining
- Year of the altcoins - alts will have the most changes and higher rate of return. I personally in the middle of 2017 begun investing into all alts that I felt would make traction. The chances of coming out with in the negative in 2017 was very slim. Cheap altcoins will fukk up the game. 1 cent or 1% of 1 cent investments will hit 20-1000x initial investments
- BTC will only meet 2-4x of value, ETH 3-6x of value, BCH - 2x-5x of value, LTC - 3x-6x of value
- Higher volatility for these coins (BTC will have a major hits (a lot higher than before) and those who panic will lose)
- Same will apple to top 20 coins in those price ranges
- ETH will be overthrown by ripple (already happened)
- BTC will be overthrown by ripple (depends on app exchange developments, ease of buying, and bigger consumer adoption of crypto buyers)
- 2018 will be the altcoin scam year (verge outrage is nothing compared to what is coming)
- Government (not just U.S.) will get more involved into crypto regulations, where it effects the market
- Various Exchange hacks, much more malware connected to crypto so get your wallets
- ICO will be dead, market will be flooded with ICO until a better solution to combat current issue
- digital currency will finally get the respect it deserves (society will let technology win, it always has) and news/whomever will be covering how it can be an effective way of "helping" people day to day living
- politics of crypto will really come into question with insider trading, insider knowledge, exchanges making decisions without user freedom of choice. 2018 is gonna be a rough year. I don't think people understand that. We are gonna see some highs and lows that we have never see before. Only the hodl gang will remain
Altcoins will be the wave for brehs looking for a real come up next year, be on the look out. Let me know what y'all assume of 2018