This coming year will bring allot of crypto change, and we might know 100% of what that change may be. I am not someone who knows concrete things that will happen but due have a general knack for seeing life as a puzzle, and being able to place the mental pieces within my mind to be able to be ready for several technological convergence of events, and being prepared for some of this change.
I am not a fan of holding US dollars and see the purchasing power of the greenback becoming reduced further. There will be an alliance with Saudi Arabia that keeps oil, and the US dollar connected, and allowing the Federal Reserve to continuing holding onto control. Now when governments have issues controlling their finances historically they move to war quickly. It does not really seem to matter who is at the head of these governments because the people who run everything are apart of the current financial system. These people will fight to hold onto power, and control over the US dollar even if that means going to war.
The EU is no different, and they have shown in Spain that holding onto power at all costs is the goal. Using violence to keep people from voting within Spain was shocking to allot of us, and an example of how far governments will go to keep power.
The world is also prime for another World War and our finances within crypto are at no less risk than anyones else's. So what should we do, and how should we prepare. I personally think Gold to Bitcoin trading should start, and we should have the ability to take delivery. Other alt coins should also be aligned with gold and taken further away from the fiat currency. In other words when we want to get out of crypto we should be able to settle into gold.
Holding a large portfolio of alt coins will give you exposure to the larger market, and better prepared for technology changes with different cryptocurrencies. Some of these coins have stronger privacy, and this area within crypto will most likely have strong growth in 2018. Now some of the blockchains have specific utility capabilities, and these should be evaluated independently for their own merit.
Using cryptocurrency to be able to buy products, and services should also increase in 2018, and look to companies who have focused on this area such as Bitpay to do well. There are many in Japan up and running, and we should look into these on an individual basis.
Now Bitcoin is still very hot, and having major issues. These issues being fixed will cause the price to soar or cause another crypto to explode upward. Look to others that have the ability to offset Bitcoin issues, and diverify into some of these. Bitcoin Cash may be one of these options, and we think holding a larger position is warranted with the confirmation time, and cost involved with Bitcoin.
Alright I have rambled on long enough and will try to verbalize this on our podcast. You can listen to my thoughts on these apps if you would like too.
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Until Next Time!