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2018 has been wild. We had a massive correction, and the markets went down around 80% which is insane, but it has happened before, and it will happen again. But since the drop already occurred, now would be a great time to either buy new crypto or average down.
But let's step back a moment and take things into perspective. We had a historic run in 2017, in the course of 2 to 3 months everything shot up so high, that It was seriously insane, and I mean seriously insane!
But wait till the next bull run, It will be just as insane if not even more insane! $20K a bitcoin will be a joke in a few years. If you don't buy now, you will regret it. Even at current prices at around 3 to 4K is such a steal.
Let's say you buy one Bitcoin now and store it away and not look at it for a year or two. When Bitcoin jumps to 10 K, you made more than double your money, and 10 K is half of its ATH (All time high).
What I am trying to say here, everything is such a steal right now. Look at Ether, for example, ATH was $1200 and now is hovering around $115 to $150 range. Let's say you buy just 5 Ether at $150, that will equal $750. When Ether goes to $300, You doubled your money, and you will come away with $1500. And Ether is still x4 lower than its ATH.
When it gets to its ATH, that $750 turns in to $3750.
But let's say you get 5 Ether at $125, and sell at its ATH. That is an insane $6K from only $750.
The sooner you buy at these prices and the better deals you get. You will end up spending less for more Ether, and it just compounds exponentially.
Do you see what is going on here?! Today's prices are such steals.
But let's forget about Bitcoin and Ether for a second. Everyone is always talking about those two coins. But there are so many outstanding ones out there - for example, BNB, NEO, LTC, BCH, XRP, EOS, etc., Some of those have even more insane ROI (rate of return) then Bitcoin and Ether.
Let's say you are someone who wants to buy it and forget about it. You are someone who says "I have no time for this shit" and want to move on with your life. That is perfect, because if you buy it at these prices and store it for 5 years and don't even look at it, and then come back and open your wallet five years later. You will be shocked at how much is worth. The blockchain is a thing, it is here to stay, and is so early in the game still that the potential for huge profits is there.
I can guarantee you in 5 years Ether won't be $125 anymore. And in the next huge correction, it will never go down to that again.
I made another article on the best method to store your coins. You can check it out at this link.
https://medium.com/@zal800/best-method-to-secure-your-crypto-assets-64bd9373bb8c
One important note before I go.
Only invest in money you can afford to lose. There is a risk in everything, and nothing is ever guaranteed.
To get started, you need to make a Coinbase account at https://www.coinbase.com/join/56953772c1c77843a80002ca
Once you add money into your account, you can create an account at https://www.binance.com/?ref=11519926 for a vast selection of coins, way more then Coinbase.
To check out more articles you can visit my blog at https://www.cryptorocketblast.com
Please use the referral links as they help me out, and help you out as well!
Until next time.