The recent “dumpening” with crypto coins across the board has produced a division of ideologies. Which has always been pretty much the case. There are groups that feel crypto has had it’s day and was an interesting experiment while it lasted. The other side states that we are right at the beginnings of a global financial revolution and these things are just expected "bumps in the road" leading to a much better future for us all.
But one thing is for sure. 2017 was a game changer for cryptocurrency. Huge investment from large, invisible corporate entities who wanted in on the action and bought in by the bucket loads. The side effect to that being the droves of new users stampeding their way into the crypto space too.
Though there is a one golden rule to fully comprehend before anyone gets into the game at this stage.
Just take that statement as a given at present. Digital coins have not been around very long and are capable of moving more than ten times their current price in a matter of hours, only to fall right back down again a short while afterwards. Experienced investors who have been involved from much earlier on are very used to this sort of market behaviour, however it may be too stressful for many newcomers to take.
And I feel the terminology used by the media plays a vital role as to people’s perceptions in this regard.
For instance, “Bloodbath”.
A popular coined expression used in describing the crypto markets when in freefall. A bath full of blood. Crimson waters. Red being a staple colour associated with danger. Why must this language be the only way to explain what’s going on? When every single time the markets have done an about turn and recovered, most of the time superseding their original price? It doesn't make it sound nearly as dramatic when looking at the reality of the matter.
Though for anybody new to the markets, news propaganda like this can spell a quick exit. Take a loss and run with what you have left. But the bigger picture is what crypto is all about. And what I feel is a much larger bigger picture than a lot of us think.
I see it like this. Crypto is not about trading coins for profit per se. It’s about investing. Having a belief that what you are buying into is a slice of the future. Just look at the plain facts. The Internet, e-mail, dot.com, online shopping and banking as well as countless other examples. All these innovative changing to further improve our existence on this planet meant us placing a certain amount of faith and trust in unusual theories put forward by the masterminds of our generation.
I see crypto in the exact same vein. No pun intended.
We’re not talking a simple fad here. I have spoken with a few individuals very high up the corporate ladder working in some big multinational firms. And am lucky enough to call them my friends. They tell me directly that the key buzzword making the rounds at this time is “blockchain” technology. And that's because blockchain and business in general go hand in hand in terms of scalability, automation and efficiency. Transacting with suppliers and customers would be so much simpler, salaries paid out in employees more streamlined than at present, monitoring of expensive hardware and software without the need for human intervention. So many possibilities, the list is almost endless.
So we could be talking a historic and unprecedented change in society as a whole. And it's evolution will span over the course of numerous decades. Centuries even. So let's bear in mind, even our lifetime pales in comparison to where this thing looks like it’s headed. And if you are in the game now, consider yourself extremely fortunate to have discover it this early as what usually happens is that the masses at large find out about these things well after the ship has sailed. However, this is a strange and different paradigm we are in.
Big companies as well as end users are all vying for the same piece of the action. One humongous free-for-all. As I mentioned, the public are usually the last ones to find out what is going on, but not in this circumstance. We’re all sitting at the same table and can show are hands any time we want. It’s just a question of how much we can grab now before the year is out.
I feel 2018 and beyond will be much harder to obtain cheap crypto as well as any other unforeseen purchasing restrictions that may be put in place by the powers that be. We are waist deep in unknown waters and this is something we should all be very aware of.
So, after all is said and done, it should be quite clear which camp I’m firmly situated in. In fact, that’s part of the reason I have never powered down any of my "steempower" but wish to only accumulate more as time goes by. Forget about the flurry of media speculation every time crypto’s take a dive. Look much further down the line and see this as an opportunity of a lifetime. A one-time chance of boosting your financial portfolio to astronomical levels.
So, my humble advice is... Research, horde and store. Get in now while everything is being offered at a substantial discount and don’t panic sell. What you choose to do could not only have enormous ramifications for you and your family now but countless generations after.
Each day of our lives presents us with a plethora of branching pathways. So let's make sure we select the best ones we can.