Cryptocurrency...Bitcoin, blockchain...Ethereum, Litecoin, XRP, TRX...
Conversations about crypto are all around us these days. Quite often we will hear talk of "going to the moon" when we hear those shilling their own agenda, and now that is becoming common words from the less educated investors.
Reality is that Blockchain technology is going to revolutionize every industry that takes hold of it by reducing waste while improving productivity, quality, and costs.
Cryptocurrency, in short is the power behind whatever blockchain it is integrated to. If it serves an actual purpose, it will always have value on some level.
So investing in something you believe in, that serves actual purpose, and is being used/adopted into the intended industry, is fairly easy to do without guidance from outside "experts".
....enter the moon.....
Without the above knowledge it is too easy to be swayed to invest in tech that will actually make you money when you are told that coin XYZ is going to be worth 5 or 50 times it's current value....over and over again.
The fact is, no one can predict these prices. Do your own research. What is the total of the token in circulation, multiply that by the claimed value expectation.... example: XRP, as I write this current circulating supply is 40 billion, I keep hearing $5 for a stable price for XRP by June. Let's review that for a moment. Assuming that the 60 billion XRP that are currently in escrow are not released into the market.... to obtain $5 value, XRP need a total market cap of $200 billion.
If the market grows non stop gathering and extra $50 billion per month into XRP alone, or we see it shift from the other markets to allow XRP to hold 45% of the entire crypto market (again assuming the 60 billion XRP in escrow never hit the market)
The biggest problem is that all the top 20 coins have fans that claim this to be the future of their favorite crypto.
What the crypto community needs is for us to help encourage and educate one another. This tech is just getting started and will offer a great many investment opportunities. The longer we use flash and flare to draw in more of the masses, the longer it will take to find the true potential, for both investing and improving the global economy.
Coins mentioned in post:
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @chaoscrypto! You received a personal award!
Click here to view your Board of Honor
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @chaoscrypto! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit