The good thing about this general price drop of crypto currencies is that it creates the opportunity to stock up your investment portfolio with crypto tokens and crypto currencies!
Do you remember that last month crypto currencies faced a similar challenges and struggled for weeks to recover? Eventually they did and shot up - the same will have again!!!
18 years old Bitcoin millionaire Eric Finman thinks so too and he could be certainly right. In this report @BlockRush reveals why the price drop is good and how to capitalize on it.
Why is there a general price drop?
All major crypto currencies are down including Bitcoin, Ether, Bitcoin Cash and Steem and this is due to several reasons:
- Speculations that governments might crackdown and impose tougher sanctions crypto currencies in a bid to limit their use by terrorists
- Technical software challenges in the case of Steem Ethereum and Bitcoin
- The rise of several altcoins which boast of greater transaction speeds, privacy protection and lower fees has seen many users migrate off the major crypto currencies
- Again the rise of special crypto tokens which serve as crypto bonds and crypto shares from ICOs have caused investors to diversify their funds
Why is the price drop good for business?
If you though the price drop is bad, sorry it has its good side too.
- It will provide investors with an opportunity to invest more into the industry at low cost
- It will shake of the alt coins leaving only the genuine coins and save us from any future bubbles and busts
- It will pressure developers of Bitcoin, Steem and Ethereum to setup the improvement of the code
What should you shop to fill your portfolio?
There are too many good crypto currencies and crypto tokens out there to list the best, however we would only list a few and then offer some tips to guide you decide for yourself.
Highly recommended items:
- Bitcoin - Bitcoin will recover and soon hit $10,000
- Ether - will soon shoot up and as it ICO are simple increasing
- Ripple - while a private venture Ripple is gaining recognition from banks
- Steem - the future of blogging, social media and websites monetization
- Dash - the most advanced, well structured alt coin in existence
- EOS - the @Dan led block.one Ethereum alternative; @Dan does not fail
- Bitcoin Cash - this coin will be around for sometime and will do well if Bitcoin fails to improve
How to pick your items for your portfolio
- Do some research - not always rely on what you read from the media. Understand the coins you would be investing into and that way you would know if they have any potential behind their hype
- Look at the potential of the coin and not its current pricing
- Look at the team behind a project and not simply the message it sell. Several blockchain projects announce ambitious projects and then fail due to a bad team. Do not fall for the message but look at the capability of the team behind it
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Inform us too! What would you be shopping for?
Join the conversation below and tell us which crypto tokens or coins you would be shopping for as well as share your favorite shopping tips.
shouldnt there be a mayor update today? segwit 2x?
GOOD POST, AS YOU ARE ALWAYS A BIG ON THIS PLATFORM ... GREETINGS.
Good news friend
good
-Excellent post thanks for sharing
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I followed and upvoted.Would you like to follow and upvote me.
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STOPNice