When I first got into Bitcoin and Crypto investing everyone told me I was a fool, they said that it is a Ponzi Scheme, a bubble and I was going to waste my money. People said things like:
- It can't be good because no one is investing in it.
- The news says its a Ponzi scheme.
- No companies are using them.
- Anyone can make these fake currencies up.
- It's not backed by anything.
- It will be gone in a year or less.
I just want to shake these people and yell in their face that BLOCK CHAIN WILL CHANGE THE WORLD!
The point is many people said it was bad to sum it up. Well in the grand scheme of things Bitcoin has done nothing but go up. I know people are going to say "Bitcoin just crashed" but your wrong if you say that. Bitcoin last February was $1,190, Feb 2016 it was $436 today its $8,400 so where is the crash? https://www.statista.com/statistics/326707/bitcoin-price-index/. Bitcoin has grown astronomically in the past few years.
So let me make this clear, you will never reach your potential if you follow the crowd. The term "the 1 percent" is a term referring to the richest 1 percent of the world and let me tell you, they do the exact opposite of when the rest of the 99% do. When the markets are crashed, they buy, when the markets are up, they sell. When people are moving out of bad neighborhoods they are buying houses. When the few are home thinking and planning the many are out partying and shopping.
Okay enough of the cat poster motivation, seriously though for those of us who got on board Crypto now while its new, we will reap the benefits of when the masses pour in all late to the party and we will join the ranks of the 1%.
So we are still waiting on Chinese New Year and until then I will not be making any short term picks but I will give you give you guys some of my long term plays that I have been adding to my positions on.
- Ark, they are in the process of rolling out updates, https://twitter.com/arkecosystem?lang=en.
- Stratis, they have big news as well, https://twitter.com/stratisplatform?lang=en.
- Ven, Re-branding https://cointia.com/post/2335.
- Steem, This is just awesome.
What do these all have in common? Proof of Stake (Dividends). Best reason to hold something long term in my opinion (Best reason for more people to also hold long term which shifts the supply and demand, more people buying less people sell equals higher value coin).
I am not a financial advisor and this is not financial advice, this is just my opinion, invest at your own risk.