Three main walls are blocking cryptocurrencies, in general, from gaining any meaningful steam. One other massive wall is keeping investors from making correct decisions right now.
For the industry, in general, the tidal wave of a governmental framework and regulatory oversight, which is unknown at this point, is the tsunami, which doesn’t inspire confidence with investors.
People, who are looking to build wealth in a sustainable and straightforward manner, won’t risk being on the wrong side of the law, especially not institutions, which are responsible for dozens of employees and manage billions of dollars for clients.
In 2017, these risks did not scare individuals, but the _Wild, Wild West_atmosphere is dying-off, as investors understand that billions of dollars can’t keep floating around, without additional government oversight.
It seems that the revolutionary rebels, which I consider myself to be a part of, are in the minority.
It doesn’t mean we quit, but it does mean that we find new ways to appeal to the masses because we depend on broad participation for this to work. Remember, the only way to successfuly trade a coin is to buy it cheaper than the next guy, which we done skillfully in 2017 with DASH, for example, a coin we initially bought around $50.
But, it’s not the only problem, which crypto assets face.
Frankly, no cryptocurrency can handle the number of transactions our global economy runs on, so we have a realistic scaling problem.
It will take many years to solve this, but, as investors, if we can find the solution and align our interest with it, we’ll make a fortune and be part of history. For now, know that Pure Blockchain Wealth sees a brighter future, in the short-term, for niche coins.
Companies, which will develop coins that help to bring down costs for existing businesses, will thrive. I envision coins that companies, such as Amazon, issue as gifts for repeat customers, to keep them loyal and a secondary market, where these coins are sold to others, who use them, in the end.
Pure Blockchain Wealth is also focused on companies, which are attempting to drive down the electricity costs of mining, which will essentially drive down the price of coins.
The future is in affordable coins, not expensive ones.
Lastly, and this is another big one, cryptocurrencies are suffering from childish investor behavior.
Too many people are out there, coding a new cryptocurrency, which borders on being considered a joke.
It makes the entire industry less legitimate in the eyes of outsiders. Instead of that, we need to solve two major problems – de-risking the threat of losing our money to a crypto-hack or theft and making it as easy to use as current payment systems, like credit cards.
As investors, we must shift the paradigm that all cryptocurrencies are revolutionary and that we are about to topple the financial industry and take over commerce – it’s not the case.
Don’t suffer from naïve daydreaming aspirations – these are real problems, which will take genuine breakthroughs to solve and perhaps a long time as well.
Now, more than ever, make sure you understand that the game is tough – I project a 90% failure rate for ICOs and crypto assets, going forward.
Think long and hard, whether or not the specific coin you’re looking to hold has durable competitive advantages, killer management, a solid business plan, and a sensible valuation.
Best Regards,
Brad Robbins
President, PureBlockchainWealth.com
