Today I had to take a very difficult decision - get completely out of Bitcoin!

---

I am sure most of you think I am crazy, right? Like, nobody SELLS their Bitcoin, but HODL it, as it grew 20x in 2017 alone, bla bla bla... right?

Well, I couldn't agree more! Bitcoin has grew from under $1,000.00 at the beginning of this year, to an all time high of $20,000.00 which is an increase of over 2,000% - pretty incredible, right?

Sure, it's been great, but let's put things into perspective...

---

What about the "shitcoins" that received a lot of visibility this year? And no, I am not talking about the pump-and-dump ICOs or the scams, but I'm talking about the alternative coins that have been around for some time now.

Here's a look at Ethereum and Litecoin growth this year, compared to Bitcoin:

Pretty great returns, year-to-date, right? Well... here's Ethereum...

Wait, is that real? Well, yes! The data is taken from CoinMarketCap API.

Even Litecoin, the underdog, the silver to Bitcoin's gold has outperformed Bitcoin around 3 times more already.

So the question you need to ask yourself is - where is your money better off, in the "safe" Bitcoin, or in the other coins, the ones that have improved technology over the legacy, core Bitcoin?

Cryptocurrencies are a SUPER-FAST, evolving and uncharted territory, which is highly unpredictable, so what's the best thing to do?

Simple! Go with the flow of the market! But how...

---

First item on the agenda, think long-term! And I'm not talking 20 years, but more like 1 to 3 to 5 years! Will Bitcoin still be around at that time? Sure it will, most likely. Will it still be used, or just kept as a reminder of where the whole cryptocurrency revolution all started? I don't know, we'll have to wait and see...

But for now, I know one thing for sure, is that with the exponential, even parabolic interest that Bitcoin, and slowly but surely altcoins are seeing right now from the world, from the public, from everyone, it's just simple to understand where things are going.

I will not go into depth on fundamental analysis right now, as it's besides the subject - transaction fees - but I will put together a more detailed analysis of both fundamental aspects and technical for the cryptocurrency space sometime...

Be ahead of everyone else... take a risk that will pay off greatly!

---

What? What do you mean? How can I be ahead of everyone else? What risks? I don't want to risk anything, the crypto space is very risky as it is!

Sure, I agree, however, think about it this way. You've discovered Bitcoin about half a year ago, right? Or maybe a year, or two, or five. You understand it's value, it's power, and you keep on using it, and believing in it more and more, right?

The best advice that someone told me, when I started in crypto only earlier this year, before the huge altcoin boom in July, was the following - "People who enter crypto, never leave..." and it proved to be completely right!

So think about this for a second, where can the entire crypto market as a whole go, if everyone is joining, but nobody leaving...?

So how can I be ahead of everyone else...?

---

Well, you can't. At least not everyone else ... but most of the people. Let's go back to when you discovered Bitcoin, you had no clue what altcoins were, and even if you did, you'd never trust putting your money in them, right?

Well... as time went by, you grew confidence in Bitcoin, in the crypto space, in the blockchain technology, and started branching out. Maybe you bought some Ethereum, or even started mining it with a couple of GPUs, then maybe you bought some Litecoin as it was so fast and reliable, and cheap...

What do you think happens to the new people who join the space? They see Bitcoin at $13,000.00 or maybe $20,000.00 ... they know they cannot afford to buy one, and even if they do, how much higher can it go? It's a digital coin after all, like a few thousand dollars might be justifiable, but not hundreds of thousands, right?

They will start diversifying, start looking for better gains, going down the ladder, just like you and me did half a year ago, and we were only maybe 50% of the amount of people using crypto that we are today.

So if you want to be ahead of others, think long term - think about the pains that the cryptocurrency space has right now, like privacy being invaded by governmental authorities, high transaction fees, costly mining equipment, limited use cases and adoption in real-world scenarios, such as vendors accepting cryptocurrencies, and look for the coins that want to solve them - if they haven't already.

Keep an eye on the trends, what do people want? They want a slice of the pie, they want to score big, they want to not only gain from the growth of a few coins, but they want to create their own coin, their own business, their own empire! That's why coins like Ethereum have seen such a huge growth - but wait, there's many more, with much greater tech behind, fixing most if not all of the pains that the Ethereum network currently has.

Also, you need your coins to be easily trade-able, right? Maybe you're not a tech-savvy person and don't care about building your own blockchain empire, but you want to flip coins, trade, and make money out of exchanging coins. Well, you need privacy for that, you need fast transactions, and low fees. Look for the coins that offer you that, why do you think DASH reached $1,500.00 in price when earlier this year it was just $40.00 or so?

Look for alternatives, do research, join the crypto communities on twitter and reddit!

---

I could very well share with you all how I see the overall crypto space, and brake it down into 3 or 4 main categories, with coins that are clear leaders in each of them, like Litecoin, Ethereum, Dash, Monero ... yea, I think you understand where I'm going with this now, don't you?

But you should look for the newer coins that are improved versions of the coins I mentioned above, each in it's own category, and do the research yourself, look for the tech, think about the problems and pains that you are facing right now, and see if those coins solve them or not. This is how you will know where to put your money for the future.

Too much to talk about, too little time to do it...

---

I'm afraid I've over-extended myself quite a lot. I never intended this post to be so long, but the reasons behind what I'm saying are so many, and my current understand of this space, compared to just a few months ago, has grow exponentially.

I have started a daily post that highlights Bitcoin's, Ethereum's and Litecoin's daily price movement, in a clean and neat format as you can see above, just for a at-a-glance look at the daily price changes of the coins, and also the year-to-date growth.

I plan on adding more information, more technical and more fundamental analysis to those daily price reports, but I need to first have time to do all that. But I'm working on it, in the meantime, you can check my latest report below...

---

If you found today's post helpful, please show your support!

---

---