Good and Bad news in Cryptocurrency

in cryptocurrencies •  8 years ago 

So I was attracted to invest in some crypto coins two months ago by the just insane run ups that coins like Etherium and Dash were having. The pessimist in me was sure I had missed the boat and all the explosive growth potential was over. My more rational mind concluded that it is still early days for crypto and I could still be one of the early adopters.

The good news is that I chose Antshares(now NEO) and got in at $7. The bad news is that I was only able to buy $150 worth. I plan to hold at least a year and hope NEO can match Etheriums market cap. The price of NEO would go to ~$600 if the market cap went to 28 billion where Etherium is at presently. It seems unlikely for the price to reach that high, but stranger things have happened. That valuation of NEO would put my $150 to $10,000.

The plan at that point is to try to find just one more coin with that kind of explosive potential and drop my $10,000 into it. That's retirement kind of money. Its a long shot but way more likely than buying a lottery ticket.

I see other coins that I think could take off, but still can't scrape together any more money to invest(speculate is probably a better word)

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