Cryptocurrencies 2018: Boom or Bust?

in #bitcoin7 years ago

If nothing else I do my homework and ask questions about financial matters. Sure we all want to know how much we can make in the long and short run but I have also learned to be aware of down side risk and how much I might lose.

So on an August Saturday in 2016 I got more serious about this whole bitcoin thing and started trying to separate the truth from speculation so that I might make an educated investment. But the truth is that after several weeks I was no further out of the woods then when I started, so I simply decided it was more efficient for me to be a buyer rather than a miner and I became a proud crypto investor.

And now less than eighteen months later I am still struggling C3 WETR BY7Uuggling to determine fact from fiction yet, like most cryptocurrency investors during this period, my percentage gains are through the roof!!!

Truthfully, in the past 18 month I attribute none of my gains to my research - I believe there are likely equal numbers of investors doing research and realizing dramatic gains as there are investors falling out of bed and realizing dramatic gains - yet I don't believe this is even close to a bubble.

The facts support a cryptocurrency honeymoon period that is going to continue to benefit from new pedestrian investors like me but perhaps even more importantly sophisticated investors taking profits from the stock market to catch higher returns unavailable in the already bubble territory stock market.

As in all things in life, the tide of change approaches, and hopefully for me I can find meaningful and dependable research in 2018 but for now I m enjoying the ride!!