The recent “dumpening” with crypto coins across the board has produced a division of ideologies. Which has always been pretty much the case. There are groups that feel crypto has had it’s day and was an interesting experiment while it lasted. The other side states that we are right at the beginnings of a global financial revolution and these things are just expected "bumps in the road" leading to a much better future for us all.
But one thing is for sure. 2017 was a game changer for cryptocurrency. Huge investment from large, invisible corporate entities who wanted in on the action and bought in by the bucket loads. The side effect to that being the droves of new users stampeding their way into the crypto space too.
Though there is a one golden rule to fully comprehend before anyone gets into the game at this stage.
Just take that statement as a given at present. Digital coins have not been around very long and are capable of moving more than ten times their current price in a matter of hours, only to fall right back down again a short while afterwards. Experienced investors who have been involved from much earlier on are very used to this sort of market behaviour, however it may be too stressful for many newcomers to take.
And I feel the terminology used by the media plays a vital role as to people’s perceptions in this regard.
For instance, “Bloodbath”.
A popular coined expression used in describing the crypto markets when in freefall. A bath full of blood. Crimson waters. Red being a staple colour associated with danger. Why must this language be the only way to explain what’s going on? When every single time the markets have done an about turn and recovered, most of the time superseding their original price? It doesn't make it sound nearly as dramatic when looking at the reality of the matter.
Though for anybody new to the markets, news propaganda like this can spell a quick exit. Take a loss and run with what you have left. But the bigger picture is what crypto is all about. And what I feel is a much larger bigger picture than a lot of us think.
I see it like this. Crypto is not about trading coins for profit per se. It’s about investing. Having a belief that what you are buying into is a slice of the future. Just look at the plain facts. The Internet, e-mail, dot.com, online shopping and banking as well as countless other examples. All these innovative changing to further improve our existence on this planet meant us placing a certain amount of faith and trust in unusual theories put forward by the masterminds of our generation.
I see crypto in the exact same vein. No pun intended.
We’re not talking a simple fad here. I have spoken with a few individuals very high up the corporate ladder working in some big multinational firms. And am lucky enough to call them my friends. They tell me directly that the key buzzword making the rounds at this time is “blockchain” technology. And that's because blockchain and business in general go hand in hand in terms of scalability, automation and efficiency. Transacting with suppliers and customers would be so much simpler, salaries paid out in employees more streamlined than at present, monitoring of expensive hardware and software without the need for human intervention. So many possibilities, the list is almost endless.
So we could be talking a historic and unprecedented change in society as a whole. And it's evolution will span over the course of numerous decades. Centuries even. So let's bear in mind, even our lifetime pales in comparison to where this thing looks like it’s headed. And if you are in the game now, consider yourself extremely fortunate to have discover it this early as what usually happens is that the masses at large find out about these things well after the ship has sailed. However, this is a strange and different paradigm we are in.
Big companies as well as end users are all vying for the same piece of the action. One humongous free-for-all. As I mentioned, the public are usually the last ones to find out what is going on, but not in this circumstance. We’re all sitting at the same table and can show are hands any time we want. It’s just a question of how much we can grab now before the year is out.
I feel 2018 and beyond will be much harder to obtain cheap crypto as well as any other unforeseen purchasing restrictions that may be put in place by the powers that be. We are waist deep in unknown waters and this is something we should all be very aware of.
So, after all is said and done, it should be quite clear which camp I’m firmly situated in. In fact, that’s part of the reason I have never powered down any of my "steempower" but wish to only accumulate more as time goes by. Forget about the flurry of media speculation every time crypto’s take a dive. Look much further down the line and see this as an opportunity of a lifetime. A one-time chance of boosting your financial portfolio to astronomical levels.
So, my humble advice is... Research, horde and store. Get in now while everything is being offered at a substantial discount and don’t panic sell. What you choose to do could not only have enormous ramifications for you and your family now but countless generations after.
Each day of our lives presents us with a plethora of branching pathways. So let's make sure we select the best ones we can.
Brilliant post that deserves a resteem.
You are correct on so many levels. What sticks out the most is the language used by the mainstream when trying to explain the state of Bitcoin and blockchain.
The sensationalism and emotion that MSM uses to keep themselves relevant is starting to wane. Their veneer is starting crack and the masses are starting to catch on to their game.
For the world to be revolutionized we will only require a large enough minority to sway the others. When I wrapped my head around this concept it made the change that we are looking for more of a reality. These are fabulous times.
Thank you very much!
The crypto media is exactly the same as the normal channels we are so used to. Spreading sensationalist headlines in order to get noticed. Especially when so many people are new to the game and very susceptible to any news they are likely to come across. You just gotta filter out the jargon and look way beyond that. That's the whole point of "decentralisation", lol!
So yes, I hope people are quick to wisen up and think for themselves. Because the "forward thinkers" will be the clear winners in this space.
Beautiful comment, buddy. Thank you again. :)
Hey @ezzy... A fabulous article out there... 👍✍️
I am also in a opinion that the growth story for crypto currencies has just started. The potential is immense one only need to pick the right ones for there investments. Only thing one need to keep in mind is that they are not putting money on a slot-machine... It should not be a case of gambling, whereas put money in the technology/service that is on offer. A marothon runner starts slow but takes you places. So have patience and invest wisely. Anyways its not a loss until you press the sell button. Peace
Thanks, mate!
Totally agree. If people want quick profits or "gamble" their money away, this is the wrong game to be in. Strategic investment should be the order of the day and a nice helping of patience afterwards. There are many potential crypto millionaires on the horizon. I hope you turn out to be one of them.
Thanks again, buddy. :)
Thanks a lot mate!! Much appreciated 👍👍
Good words of wisdom. I like the fact that the train is coming back around to pick up those that have woken up to crypto.
Right now though there is fear of bitcoin with a possible split. I could actually see it go down under $1,000 but then once things get set then pop back to over $5,000. You just don't want to holding the one left behind. But who knows maybe bitcoin is the MySpace of crypto and another becomes widely adopted? I personally don't this it is ethereum.
Thanks for your kind words, @mikehere.
It will be very interesting to see how the split affects the price but as you say, it's better to be in it than simply watch from the sidelines. We are at the very starting blocks so anything can happen. Let's watch this space! :)
The kind that I'm worried about bitcoin in the future. But you've seen it grow so fast and the price is erratic to make many people worry about the future of bitcoin. I use bitcoin and now the higher the price I like. Greeting steemit
Wish it was backed by Gold.
I believe it is long term. My thinking is along those lines, and how I approach the markets. The roller coaster ride can throw you if not prepared, or if you aren't clear on your strategy and even your reason for investing in the first place.
Hey there, buddy! Of course, these are my personal opinions, but from what I'm hearing the actual underlying "blockchain" technology is getting big firms very excited indeed. Mass adoption shouldn't be too far off in the grand scheme of things and we'll be right there in the thick of it when that happens. Just gotta sit tight until then!
Thank you, @naquoya. :)
Yes, I agree. Just sit tight because huge things are under way. Easier said than done, but having that fundamental perspective as well as a technical one helps. Cheers.
Blockchain is here to stay, is funny how people are happy to see some coins gain over 4000-5000% within 6months in 2017 and just 50-100% drop due to some debate about Bitcoin segwit implementation and they panic sell even sell at lost.
The weak hands will drop off, people with sight will buy more and make more profits.
Yes, absolutely right. Those people with no patience or too much belief in what the media says will most likely be having some serious regrets in the near future. As always, time will reveal all.
It takes guts to make money even, but here is money growing on trees and people can't embrace this financial revolution. It's sicken
Good Post!
Wherever the prices of any currency will go, i trust in the decentralized blockchain technologie! When this gets mass adopted, one day - and I am pretty sure it will - we will see an unbelievable marketcap! For me it is like I do spend only 5 to 10% off my "free" money each month on risky businesses with good potential like I have always done. (about 14 years on stockmarkets.)
Following you!
Thank you, buddy.
I see things exactly as you do and you will go far adopting that attitude and strategy in the markets. You will always get the naysayers, especially when these so-called "bloodbaths" hit the markets. But where's the forward thinking it that? It's the visionaries that will thrives after the dust settles.
Bless... :)
Really nice content @ezzy.
For sure markets are going to be manipulated and someone's gona lose money and someone else is gonna win that money.
My opinion is that some of the cryptos are going to shoot really high in the coming years but not all of them.
Thank you, @fisnikk.
And yes, I agree not all cryptos will survive but as things evolve, I think we'll have ample time to jump on-board the ones that do. We are so early on that even the worst of ICO's can now make you big money on launch. It's a crazy time, man. :)
Those ICO's are crazy.People are making loads of money with them.
Definitely a crazy time!
Research, horde and store. Yes, yes and yes.
And one more yes.
That's what I'm looking at, pal. :)
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STOPUpvoted and resteemed brother! I believe in the same destiny, I think this has the possibility to set an evolution of mankind in motion.. I was just thinking about it earlier, that maybe this could change our current fight or flight mode behavior that the majority is constantly suffering from due to our stressful lives, the constant struggle we are in because of the scarcity created to control us. If these new technologies like blockchain can create abundance on the planet then the main fear of survival becomes obselete and suddenly there is a lot more room inside of us to find our true nature, this could lead to people being a lot more self-aware and grow into better persons . A lot of people would finally have the time to pursuit there passions, I can only image what an impact this could have on the entire planet. My plan is to stick supporting the blockchain and try to invest in the right ones that have the potential to set us free! Like steemit for example :D. Thanks for the fabulous post brother!
Thanks a lot, man!
I like your vision. Blockchain and crypto certainly has the potential to empower the people who support it. How the governments react to that is another matter but we can only do the things within our own control. Holding on to top rated digital coins makes perfect sense given the potential growth they have.
Wish you all the best, man... :)
I checked out your blog out of curiosity and just read the first part of your novell, you are very talented, I loved it! I will be reading them all soon! You have got a new follower brother. Cheers bro
Bless, man! Thank you so much! :)
Hit it right on the head @Ezzy. I don't think I'll ever power down, haha! But to piggyback of the points you made here about playing for the long term -- I recently created a Meetup group called National Associations of Cryptocurrency Holders (The NACH) to serve as a platform for local chapters to organize all across the U.S to start sharing knowledge and spreading awareness about cryptocurrencies by teaching others about the reasons why they decided to diversify their financial assets into the world of Cryptocurrencies. Blockchain is here to stay and every naysayer likely said the same things about the internet and online shopping. But look at what Amazon is doing today! Resteemed
That's awesome, @ebothegrateful. You're clearly thinking out-of-the-box. Spreading awareness and knowledge is one of the most critical aspects of preventing people making bad decisions and understanding what the associated risks are. So I commend you for setting up NACH.
I'm convinced "blockchain" is the future and firmly believe what we are witnessing is the birth of a new generation of technological evolution.
Fantastic comments. Thank you, buddy! :)
My absolute pleasure Brother and let's thank Goodness together for positioning us so well to make a difference this time around. kind of missed out on the early days of internet due to being so young and not fully understanding how the world works. But this time around, I am fully aware hahahaha and I am sharing every bit of it via NACH so thanks also for the early endorsement here on Steemit! Will write more about it and share photos/videos as we host events
Association*
Who said buy when there's blood in the street? :-)
I know! Who'd ever think of doing such a thing! ;)
Don't know but I'm going to check on my orders now. :-)
Everyone is worrying about the price of Crypto and us Steemians are over here like . . .
Lol, so true. :)
Hahaha!!!
Anyone who says crypto had it's day and is done is a undeniably ignorant of blockchain technology, and in reality undeniably ignorant of math in general. We're way up from December of 2016, WAY UP! Shits all good, it's summer, it's nice out.
Defo, pal. And the pickings are ripe for some juicy discounts on digital coins! :)
I have buy order at $2000 for btc which looks like its gonna be filled soon! I plan to hold what I already bought :)
I'd say that buy order is looking pretty safe too. :)
Im in agreement also, we are in the 2nd inning of crypto. When wall street and the big funds enter the game with big money they will move to the next level..
Exactly. Once that "player" money flows into digital coin investment, watch the rocket take off! :)
Great post Buddy! The points you make are spot on. I too share the belief that we are just at the beginning with Crypto currencies and there is an incredible future ahead with this game changing innovation...
Thank you for introducing me to the fascinating world of Cryptos and the Steem platform!
It's incredibly fascinating and we're just getting started.
good
Nice post.
Hlo,I'm new to this steemit, and I have a lot to learn about steemit, maybe in this steemit a lot of it makes a parable.
I hope you can also help me, and I have followed you thank you...
Thanks, buddy. Much appreciated. :)
Good post. Thanks for sharing. followed
Thank you. :)
you're welcome
Thank you for the information @ezzy you provide. I follow you, please follow me @Harismunandar if you wish.
I like your insight. Thanks for writing this.
Thank you. :)
Pulling atikelnya.
The future use of electronic money is certainly going to be very advanced and the invisible money is no longer in demand.
Where to save money the future is online banks such as bitcoin, lite coin and others. Gold and forex trading into jobs that are in demand.
I like it.
Yes. I see digital coins surpassing "traditional" money at some point, but that is way too far in the future for me to worry about now. :)
Hodl & Don't invest more than you can afford to lose. Might be cliches but so far
in these years worked. Great post mate! Keep up the good work
Thank you, mate! Your first statement is a truly "tried and tested" formula. Especially applicable to this new, digital arena. :)
I really hope its around for a while paper money sucks
Paper money's days are numbered, lol. :)
Really interesting article!
Thanks. :)
Great article @ezzy
Thanks.
Welcome @ezzy don't forget to follow me @jakemore.. Counting on your support. Thanks
Interesting post. Thank you.
Thank you. :)
started following you!
Thanks. :)
This post received a 4.5% upvote from @randowhale thanks to @ezzy! For more information, click here!
Great article and absolutely spot on in my opinion, hold and accumulate, the pound in your wallet will always be worth a pound , the crypto in your wallet will eventually gain in value.
Defo. I consider fiat returns a complete joke in comparison.
thanksssssss my friend for your post and nice information i want follow your post every because of nice info and if possible for you please check my post . i wish the best for you and your family
Thanks. :)
Most people don't understand how to trade, or why markets fluctuate.
Its even worse in the alt-coins, because of their low per-unit value, it doesn't take a lot of money to dominate the order book on an exchange and scare all the newbies into selling.
Adding to the disarray is most people are putting money into alt-coins without a shred of due diligence. No fundamental research, no trading plan, no desire other than turning a quick profit.
This doesn't lead to mature markets with differing investment horizons. It ends up being similar to the OTC "Penny Stocks", where pumps and dumps are daily events.
Some alts will mature and get past that phase, but most will fail and be left on the sea floor of lost opportunities.
Totally agree. Most people getting into crypto are not traders per se. Just regular folk trying to diversify into something new and innovative. Which makes purchasing choices such an all important factor. And that's just buying them!
When it comes to attempting to play the market with buying and selling! Well, I see it like a kid playing with matches. Dangerous and best avoided.
Thanks for the great feedback, bud. :)
Yes I happen to believe the same. Long term view is the key and i love to see a bit more further that the next 3 weeks. Crypto is marathon but is important to run the miles meanwhile so buy and wait :)
Yes indeed. if you've got the patience, more than likely you'll be rewarded big-time in the near future. Good luck! :)
@bitinformant you should read this article and follow @ezzy
Thanks for the support, @jayjayjeffery. :)
Wise words of wisdom presented in the true @ezzy fashion...entertaining and intriguing! RESTEEMED
Hey there, buddy! Much appreciated! Bless.... :)
I have faith in crypto and invested in some earlier this evening.
That's the way! Now hold on tight and let "time" take care of everything else. :)
but the uncertainty still persist !!
Did someone say the banks got in BIG on crypto to see if they could crash markets that are poised to take over their fiat stilted currencies?
If that's their plan, good luck to them, lol! Cryptos will be akin to a virus to them. They can try every trick in the book but I doubt they can do much. Some form of mild regulation seems their best bet.
comment REDACTED due to an overwhelming sense of liberty!
Excellent piece. I love that you bring in more than the trading for profit angle. This is perfect:
"When every single time the markets have done an about turn and recovered, most of the time superseding their original price? It doesn't make it sound nearly as dramatic when looking at the reality of the matter."
I have a friend more knowledgeable about crypto who ironically tags every post about it with #basicallydead lol.
I'm not very good with the specifics of blockchain but your article helped me see its potential as something far greater than "alternative money."
Thank you, @jrhughes! I'm under the firm belief that we are on the brink of a technological revolution which could change the way the world transacts forever. Mighty strong words, I know, but very conceivable nonetheless.
It's by sheer luck we all managed to stumble our way onto the platform and discover this amazing "glimpse" into the future as "crypto" and "Steemit" are still so early and unknown to the public at large. Hence, the potential to also amass a nice little fortune whilst in this special place is too very high indeed.
You're friend chose the most adequate tag to use. So many naysayers, so many speculators, it's becoming a bit of a free-for-all. But stick with it, @jrhughes, and I'm sure there's a light at the end of the tunnel that could possibly outshine your wildest expectations!
Thank you for your kind words and keep pushing higher every day! Bless... :)