The continued rise of Bitcoin has fueled an investment frenzy into cryptocorrencies. We now hear of governments warning their citizens against investing not only in Bitcoin but also in other cryptocurrency products. Some governments are even threatening to outright ban the trading of cryptocurrencies. Governments fear that unrestrained investments to what they consider a very risky financial instrument can lead to bubbles that will hurt their citizens and their economies when the market finally crashes.
Deep Onion like other altcoins has benefited tremendously from this Bitcoin bull market. Deep Onion saw its market price rose from $0.50 to $4 in just a span of weeks. This kind of quick returns in cryptocurrencies are what is driving many people to risk their money and sometimes their properties to invest in this new industry.
Like the early days of the internet, those who have seen the potential of cryptocurrencies have invested slowly since 2015 after Bitcoin retreated from its all-time high of $1,000 in 2014. The prolonged bear market of Bitcoin from 2014 to 2016 was the opportunity of a life time for cryptocurrency enthusiasts. They bought Dash, Monero, Ehtereum, Ripple and many other prominent coins at very cheap prices. These savvy early investors are now sitting on thousand and millions of dollars’ worth of cryptocurrencies.
There are also savvy investors who saw early on the potential of Deep Onion as an anonymous-centric coin. Early investors quickly and gladly joined the Deep Onion airdrop to accumulate free coins in exchange for a signature campaign. These early investors now see their holdings are worth thousands and hundreds of thousands of dollars. Now that Deep Onion is half-way through its 40-week airdrop, late investors are thinking if it is still worthwhile to invest in Deep Onion.
Current investors have to analyze and have to ask themselves what features they think can contribute to a higher future value for Deep Onion. The Deep Onion developers are about to release DeepVault Notary Service business, VoteCentral, and a new website design. DeepSend feature and Smart Contracts are scheduled for 2018. Potential investors can also compare Deep Onion to other cryptocurrencies’ market capitalization to see if there’s still a lot of room to grow. Deep Onion can also be compared to the price performance of other privacy coins to get an insight of the potential growth of Deep Onion in terms of price.
The early investors in cryptocurrencies took the risk of investing in a generally misunderstood industry during those early years. Their investment did not pay off quickly and it took years for them to realize huge gains. Just like the early investors of Deep Onion, they were patient enough to hold and contribute to the development of the coin and its community. There are always risks in investing and what may seem expensive today can be seen as cheap several months or years from now.
Disclaimer: This article is not a recommendation to buy or sell any financial instrument or cryptocurrency. Always consult your financial advisor for any of your investment plans.
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Deep Onion in Bitcointalk
https://bitcointalk.org/index.php?topic=2006010.0
Deep Onion Forum
https://deeponion.org/community/
Deep Onion Airdrop
https://deeponion.org/airdrop.html
DeepVault FAQ
https://deeponion.org/community/threads/deepvault-faq.4057/