The moment you look at the amount of support Tron has been receiving lately, you immediately realize it’s not just yet another blockchain-based platform. Tron’s technology aims to deploy world’s largest FREE content entertainment system. The platform allows anyone to store and own data, and to freely publish their content. Its app “Peiwo” already gathers 10 million enthusiasts and is on the road to become the world’s first TRON-compatible entertainment app. This technology revolves around the following ideology: All contributions on the network should be of equal quantitative value, the Internet should be decentralized, and data creators should have the absolute ownership of the data. It’s important to realise though that Tron has been pushed like hell by an ambitious marketing department… I have not yet decided if this is a cryptocurrency which will survive but, for a one year hold, it seems a safe bet.
I wrote about this on my blog. The market is only nine years old, and thus, the Crypto asset class is extremely new, and while these assets have been traded for a few years now, market conditions are continually changing. Unlike the stock market, we do not have decades of trading data to guide us. What worked a year ago might not work today, even things which worked three months ago might not work now. As new investors come into the market and liquidity improves, trading patterns are not always consistent. We must accept that nobody knows that the fuck will happen, and anyone who says so is purely speculating, and as such, it is essential that all ‘expert’ advice is taken with a pinch of salt.
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When I first started taking an interest in cryptocurrency I thought I was so lost in this huge sea of unknowns. Where do I start? What are the useful keywords to look up and keep in mind? What are the available helpful resources? This cryptocurrency investing guide is written so that in just 20 minutes, you would have a sense of what to expect of your upcoming crypto journey, and how to best go about starting it. Enjoy it, it might just be the most exhilarating ride of your life.
Steindorff: The market’s growth has accelerated much faster than I initially anticipated. However, I believe the market is still being driven by 99% retail investors. As the space matures, becomes recognized as a unique, uncorrelated asset class and institutional investors find investment vehicles they feel confident in we’ll see an influx of new money into the space. Witnessing the birth of an entirely new asset class which can provide a hedge against economic downturn is a once in a lifetime opportunity and institutional investors won’t continue to sit on the sidelines.
From there, you’re ready to buy and sell Bitcoin based on the current market value. Rather than paying for a set amount of Bitcoin, you will tell the exchange how much money you want to trade, and they’ll break down how much Bitcoin you can buy. Unless you’re investing thousands of dollars into the cryptocurrency, you’re likely to be buying a fraction of one Bitcoin.
Investors tend to focus more on fundamental analysis with technical analysis used to support entry positions and portfolio balancing. Investing long-term enables you to benefit from the compound growth of both your portfolio and individual investments, enhancing this by diversifying profits from good investments into new opportunities. Where investing in stocks allows you to benefit from incremental income from dividends, with certain Crypto investments you can do similar by staking and receiving newly minted coins from block rewards.
Long-term investing is simply as its name says – taking a long-term view of investments. Everyone defines ‘long-term’ differently. In the stock market, ‘long-term’ normally means anything that lasts years… However, given the fact that the cryptocurrency market moves extremely quickly, we can scale that number down to couple of months or a year. If we look at stock market investment, the legendary investor, Warren Buffet, is an advocate of long-term investment because of the many advantages it has to offer.
I am not your guru. I’m a crypto enthusiast, not a professional trader, and I make plenty of mistakes. There are a huge amount of ‘gurus’ and ‘experts’ out there but the truth is that many of them haven’t got a fucking clue what they are talking about. Opinions in cryptocurrency are like assholes, everybody’s got one. It’s extremely easy to predict the market and hell, everybody seems like an expert, when cryptocurrency is experiencing a bull run.
People are getting excited about Hempcoin (THC) because it’s slowly but surely starting to re-surface again and receive some of the media’s attention that it deserves. Even though a couple of competitors recently showed up (PotCoin and CannabisCoin) – Hempcoin is actually the oldest technologies and coins – not just in the industry – but in the crypto world altogether. Hempcoin was founded back in 2014 and its sole purpose is to act as a digital currency for the Agriculture/Farming industry and naturally – the Hemp/Marijuana field.
The financial crisis of 2008 highlighted yet another risk of the modern banking system. When a bank goes out and spends the 90% of net deposits it holds in investments, it can often make very bad bets, and lose all that money. In the case of the 2008 crisis, banks in particular bet on high risk subprime mortgages. These were mortgages taken out by borrowers very likely to become delinquent, to purchase houses that were sharply inflated in value by the rampant ease of acquiring a mortgage.
There is one risk involved with stop-losses because of this though, which is when a price drastically drops. This is because a stop-loss is automatically triggered once the price threshold is reached. It could be that the price plummets so hard that the stop-loss sells for a far lower price than you anticipated. This is because during a crash, a lot of people are selling but nobody’s buying, meaning the price can only be determined once anyone buys. Using the example above, if Lisk were to drop from $32 to $27 without anyone buying in between, your stop loss would sell at $27.
Most altcoins will reach a specific peak during a trading cycle, and the goal is to exit as close to the top as possible, the difficulty is identifying the top. I monitor these positions regularly and try and determine momentum. Depending on the coin and speed of growth, I will look to remove my original BTC investment as quickly as possible, for example, with 3–4x I will take out the initial investment, maintaining my original BTC position but, essentially freerolling the rest. From this point, each 100% move will lead to a 25% reduction in position until I feel that a coin has reached a peak, at which point I will exit the entire trade.
For investors interested in diversifying into this space I recommend a simple strategy. First, invest only what you are willing to lose. For most this is <1% of their portfolio. Second, spend a massive amount of time understanding the space and the particular asset you are buying before making the purchase. We don’t recommend trading in and out of these assets, so it’s best if you have a strong thesis that can govern your investment decisions. This will not only help accelerate the learning process but will help create a healthier market with a better informed investor base.
Trezor will keep your coins safe because the device itself is immune to hacking by design, and never exposes your private keys (the passwords to your accounts, essentially), even if your computer is infected by malware and is logging all your typing/passwords, or is specifically scanning for private keys, or is engaging in any other form of sneaky bad behavior.
For many investors, being able to invest in bitcoin through the Bitcoin Investment Trust is worth paying a fairly expensive fee. The trust sponsor deals with all of the mechanics of investing in bitcoin, including obtaining cryptocurrency tokens, holding them in safekeeping, and then making any future transactions as necessary. Investing in the trust is as easy as buying or selling shares when the stock market is open, and that has real advantages over the lengthening processing times involved in handling actual changes of ownership in bitcoin tokens themselves.
Welcome to the new year. You may have noticed Bitcoin’s extraordinary take-off last year, during which a majority of cryptocurrencies experienced huge gains. What does 2018 have in store for Bitcoin and all of the other cryptocurrencies? You’re soon to learn why things might not happen as you would expect. Let’s dive into the year of the AltCoins and see how a lot of coins other than Bitcoin will take the spotlight.