Bitcoin's dominance is at an all time low at 33,6% as tons of other cryptos are reaching into the billions. Remember just 6 months ago when Bitcoin and Ethereum were something like 85% of the total mcap? When will the biggest flippening take place? Looking at the chart, it won't take many days or weeks before altcoins surpass the mcap of Bitcoin.
6 months later this is not longer a fact. And there is also one other thing - I've been UNDERESTIMATING the crypto space. I guess coming from the "normal" fraudulent markets it's so hard not to be way too conservative when estimating the crypto space.
A few months ago I would unfortunately rule out quite a few of the cryptos with an mcap of 3-400 billion because I thought they have had their bullrun. I could not foresee being a billion dollar crypto was something the number 37th crypto would become.
And even though I've been hitting 10x after 10x in my investment, I've noticed a big difference these past days. Usually, before, I could just refresh coinmarketcap and if the total market cap was up that morning, there was a 100% chance MY total holding was up as well. These past days though, that has not necessarily been the case. Today for instance, Coinmarketcap was up quite a bit, and I was eager to check by Blockfolio, just to see that MY portfolio was slightly down.
Sure, this is mainly due to the fact that Shittle (Ripple) is still being pumped and both Bitcoin and especially Bitcoin cash is not doing so well.
But the point here is not that. The point is that this fast growth this early in 2018 probably means that we will continue to see an amazing race in cryptos this year. The markets could possibly go much faster than anyone with a "reasonable" mind can predict. And another point is that it's probably not too late to buy into many of the "high value" cryptos like Lisk (I own that) , Raiblocks (Don't own), Status (own), Stratis (don't), Waves (don't) just to name a few. I haven't done research on all of these, but I will - and I will give my recommendation on them if I buy them!
I'll also be writing about two new VERY interesting low cap coins that I recently bought today - which I Think has the potential to go 50-100x in short time.
Also, in other news - I've joined a small team of investors, where we collaborate on finding great crypto projects. Nothing new, since that's what I've been doing all along. The difference is that collaborating with others, we're able to use better criteria and more easily and faster compare and potentially keep or dismiss. As revenues from Steemit and milk-skimming from other cryptos increases, It's important to steadily invest in promising cryptos.
As you all know, I'm continuously buying more cryptos - and I have yet to sell ANY into Fiat currency. Yes, I'm in this to make money, but I'm also an idealist. I will sell some at some point in order to buy a frigging garage to my Tesla (poor thing is living outside in the freezing winter) but I will never convert into Fiat for other things than things that me and my family needs that only Fiat currently can buy us. No jumping the ship here. Ever.
Have a great day/evening/night and see you later.