Alt-News: A few words about Alt-news

Hey everyone!

As some of you know I've been into cryptocurrencies since early 2013. I don't just say that I've been that, I know there are many out there that go around telling people they've been into crypto's and blockchain since 20XX. I also have proof to back that up and have done so in some posts in the past like this one where I went back to an old BTC mining pool from 2013 and picked up some coins that were waiting there for me. Can't believe I was mining BTC with a laptop GPU back then, and it wasn't even an AMD one.

Anyway, the point with these posts will be to talk about major news that I gather from some good sources and are mostly in good time to get in with small investments. The saying to "never invest more than you can afford to lose" is always important cause in these markets you can never know what happens. Luckily for you though these risks mean often that the rewards are much higher, especially if you hold long enough, then even small investments can bring back huge returns like it has happened time after time again.

In Alt-News #5 I was talking about the rebranding of Antshares to NEO and the big meeting they had. The coin was trading for roughly $5 a piece at the time and is now hovering above $22. The other currency I also talked about in the same post was TenX which is a Singaporean start-up that's focusing on creating a debit card for cryptos and at the time of writing that it was trading at around $0,70 on the free market where anyone could purchase a stake of it and is now hovering above $2.

Of course not all coins I talk about have seen a rise, there are always different factors involved and that's why you should always be careful when investing. This post is not made to brag but to assure you that the currencies I talk about in these posts are serious ones that have the potential to become really big through real world adoption. IOTA also doubled in price since I talked about it in one of these posts, Sia coin has not moved much though, yet.

Image from Pixabay.

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Having been around and following the crypto markets for so long you start seeing patterns and realize that many of these currencies that have a certain scarcity and potential do go through similar phases in the charts, most of the time as long as the potential is still there and development is ongoing they have a good chance of growing in volume and value. This might be a lot because of the open-source nature of currencies and much like investors in them, the early ones have an advantage over others in that specific field. Since they can be upgraded and developed over time they keep getting better and better and the main reason many of these increase so much is cause they all have something in common with each other.

They use the block-chain technology which can compete against any services we use and are familiar with today.

Even though most of it is speculation many are willing to bet their value that some of these will become the next big ones to outdo the middle-men rich and costly services we use today and I personally can't wait for a world where things cost less for us people to use thanks to the tech.

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I haven't been able to post much lately due to some projects I'm working on on the side for the Steem network but will try to spend more time on important posts like these, especially now that I've decided to spend less of my time moderating steemit.chat. :)

Stay tuned!