Future of Cryptocurrencies

in #cryptocurrencies7 years ago

Cryptomarket.jpeg

It is hard to say what the future holds for most coins out there, but lets try and take a look...

I´m all too tired of hearing cryptocurrencies are in a "bubble", they´re not!
With that said, lets look at the numbers. Current market cap for all cryptocurrencies is 547.47 billion dollars and daily exchange volume is 29.43 billion dollars.
In comparison the Forex market(foreign exchange) according to the Bank for International Settlements, the preliminary global results from the 2016 Triennial Central Bank Survey of Foreign Exchange and OTC Derivatives Markets Activity show that trading in foreign exchange markets averaged $5.09 trillion per day in April 2016.

5.09 trillion is almost ten times the market cap of all Cryptos combined and its been traded daily. So, daily trading volume in Cryptocurrencies is 0.5% from the Forex market and it is speculated, that it will grow in 2018 by 200%, because of mainstream media coverage my Granny will soon know about btc, Ltc and other cryptos...

Cryptos are a tiny fraction of all the money that will soon be looking its place as an investment. Considering all the manipulation and "quantitative easing" that is done by central banks on a daily basis to make the economy look "Good" and "Growing", it is just a matter of time when Cryptocurrencies WILL take everything away from the old system!

If you want a good visualization of current markets and their size, visit this link:

http://money.visualcapitalist.com/worlds-money-markets-one-visualization-2017/

It is not too late to invest in different Tokens and Cryptocurrecies that are offered now. Just make sure you don´t buy in blindly! There are a lot of scam-coins/tokens out there...
Read their whitepapers and try to see if they have a place in the future, how useful are they etc.
There are tokens and Cryptos out there now, that will most likely replace some of our current financial systems...and I´m sure there are many new ones still to come.

What to expect in next couple of years, 2018 and 2019.

I´d have to say Cryptocurrency market will keep growing and the speed of growth at which it grows will grow with awareness people have about them!

I see awareness growing tenfold next year!

Expect a bumpy road though. If you invest in cryptos, You are doing so for long term. Don´t let "fear of missing out" or fear of losing some/or all of your investment, cloud your judgement.
If you have done your "homework" prior to buying - You are all set!
Trust your reasoning, logic and intuition...and let the roller coaster do its thing.

A fitting place to state, that I am not a financial advisor. This is not an investment advice!

I hope this clarified a thing or two and gives You a little bit firm ground to launch from... Blockchain technology is changing everything.
It tries to give back, what has been taken from us...all it needs, is a little trust in return...

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