Another day in crypto; another day of red all across coinmarketcap. Blockfolio — disappointment. Twitter is filled with FUD, negativity and some of the last cryptocurrency ads which shall soon disappear. What also disappearing is last hope of those who entered crypto at values higher than current. Investors who entered at the end of 2017 with dreams of Lambo just in time for the summer of 2018.
I personally entered crypto space in the first half of 2017 and kept investing till I completely emptied my E-trade portfolio as well as bank account. Yes, I am 100% invested into crypto and have no regret of taking such a risk. I have confidence in blockchain technology and its future mass adoption.
My strategy from the very beginning was to hold and I have been true to it. Do I get emotional, concerned and frustrated with crashes and slaughter we are experiencing? Absolutely. I even catch thoughts of cashing out, but NO, I take a beating and stand my ground every time.
No one knows where the bottom really is. Not I, not you, not the guy/gal who appears to be the brightest bulb in the chandelier. The real factor here is supply and demand. It is what got us where we are today and it is what will determine where we are going from here.
Even though a dream of Lambo seem to be getting further and further away, most of us are very well aware of how quickly crypto market can take a turn and achieve new highs. This turn is what this article is about.
On more than a few occasions over the past two weeks I saw a few comments/tweets about $5 trillion dollars of institutional money entering crypto. Given current market conditions and trend, any possibility of $5+ trillion market cap sounded absorb; however, when it comes to crypto, absurd is nothing out of ordinary. Therefore; for the lack of other excitement, I started to do some research and came across a registration on Coindesk.com for their 4th annual event: Consensus 2018 which will take place in New York on May 14–16.
“Consensus 2018 will feature 250+ speakers and 4,000+ attendees from the leading industry startups, investors, financial institutions, enterprise tech leaders, and academic and policy groups who are building the foundations of the blockchain and digital currency economy.”
Quoted paragraph above taken from Coindesk.com briefly informs what the event is about. There was also a table of attendance.