Are you prepared for the coming tsunami of mania (and exploding prices) in the crypto market?
Good news/bad news, the cryptocurrency exchange Kraken has been down for 9 hours or so due to a major systems upgrade.
A major upgrade is sorely needed, and despite my complaints about being locked out during a major market price movement, I'm ok with it it IF Kraken will actually work after the upgrade.
First Generation Crypto Exchanges Can't Keep Up
Kraken is notorious for requiring 20 attempts to place an order, that order finally getting placed...and then one of the other attempts gets placed too so you suddenly notice that you have two buy/sell orders.
Poloniex is notorious for locking your coin away for 4+ weeks, and never answering customer support tickets. I currently have SBD that's been in 'complete:error' for 5 weeks with no response from customer 'support'.
Point being, current crypto exchanges are first generation, and don't work very well. And they certainly can't keep up with the 100,000+ new users a day and that demand on their systems (or customer support).
They need entirely new systems, and at best they are upgrading.
The first generation exchanges are already dinosaurs, and the comet is almost here.
A New Era For Crypto Is About To Crash Into The Planet
The big boys like Goldman Sachs are working on opening their own crypto exchanges.
Imagine existing stock exchange systems (fast as lightning, international, millions of users, vast volume, etc) suddenly being able to trade crypto.
Imagine...
- all the existing 'professional' stock day traders
- all the existing amature stock day traders
- all the institutions (with billions to invest)
- all the institutional traders (handling billions of dollars)
- all the regular joe's who would invest in crypto but don't because it's too damn complicated
....suddenly having access to buying/selling/investing in/trading crypto currencies? On existing giant exchanges with trusted names? That make it EASY to not only enter the market but to participate in the market.
$100 or $100 billion coming in from each individual, the new world class exchanges will instantly be moving incredible volumes.
I predict the market cap of the crypto market to double almost instantly. If two big competing exchanges open at the same time? Holy moley!
Place Your Bets Now
As I said above, put everything you can into crypto now. Get on your surfboard and get out into the water, because when that HUGE monster once in a life time wave comes, you want to be ready to stand up and enjoy the ride.
The market cap of the crypto market WILL double. It's going to double anyway, and probably will in 2018 even before the corporate exchanges open...and THEN it will double.
Don't wait. Sell blood. Sell a testicle. Sell your neighbor's kids to the gypsies.
It's normally wise not to invest more than you can afford to lose. It's probably still wise.
And, taking into account all the reasons you should take huge risks right now, and sacrifice now to make extraordinary gains later.........do it.
Tsunami gains are coming, and the big boy exchanges are a big part of the reason why.
When the big boys open their crypto exchanges/add crypto trading functionality to existing exchange platforms....oh man.
A. Sell everything you have and put it into crypto now
B. Sell everything you can borrow and put it into crypto now
C. Sell everything you can steal and put it into crypto now
Because when the next generation crypto exchanges open...man oh man you think the market is crazy now? The rise of crypto prices is going to be insane. It won't be a rising tide, it will be a tsunami.