No one wants to buy something that’s been beaten down, but the truth is that’s where you’ll make the most money.
You have to buy the dip. The sharp sell-offs have buyers and sellers, and it’s those buyers who end up making the most profit.
Unless you think the blockchain and cryptocurrencies are going away, seeing them all down across the board is an opportunity to take a decent-sized position in what we believe is the next great communications revolution.
After speaking with over a hundred development teams, I have no doubt that we are suggesting cryptocurrency picks that will become future giants.
The blockchain isn’t going anywhere, but this sell-off will end.
Keep in mind that Bitcoin went from $2,000 to $20,000 in a matter of a few months, so a serious correction is in order, but the good that came from this huge run is undeniable.
It led to millions of new users, millions of crypto adopters, and worldwide awareness of the blockchain.
We suggest keeping your positions small, averaging in over the next 3 to 6 months, and only buy a cryptocurrency if you can both hold the position for at least a year and wouldn’t be devastated if your investment was lost.
If you can’t figure out how to buy them, transfer them to a wallet, and use cold storage, I strongly suggest you avoid buying a cryptocurrency.
There are other great ways to have access to this space, like through HIVE Blockchain Technologies (TSXV: HIVE & US: HVBTF).
To buy a cryptocurrency directly, here our recommendations:
For wallets:Jaxx, Blockchain.info, and MyEtherWallet
Best exchanges:Kraken, HitBTC, Binance, and Coinbase
Cold storage:Bitcoin Core, Glacier Protocol, and Purism.
Here are our top picks for cryptocurrencies:
***Bitcoin (The decentralized dominator)
***Ethereum (The Fortune 500 company for blockchain tech)
***Litecoin (The silver to Bitcoin’s gold)
***Dash (Best support team and anonymous payments)
***Electroneum (Mass adoption potential)
***Cindicator (Artificial intelligence + blockchain + Wall Street)
***IOTA (The Tangle – unlimited scaling potential)
Make sure you keep any speculation you make to a minimum, as cryptocurrency investing is more volatile than any other sector or asset class on the planet.
In 2012, we suggested Bitcoin at $13, saw it surge to over $1,200 in 2013, and then it came crashing down by 85%!
This current correction could take Bitcoin to $2,000, but in our opinion, the future for the blockchain and cryptocurrency is 100%.
We are in the early stages of a radical financial and communications revolution!
The tokenization of everything, the blockchain communications revolution, and a realistic alternative to central bank currency are on the horizon.
Imagine a scenario where the dollar standard was pitched to the world today as a new idea.
It’s a fiat currency that is managed by a group of academics, has unlimited supply, is backed by nothing, and has a code that allows banks and governments to freeze, withdraw, and confiscate your dollars anytime they feel necessary.
Who in their right mind would adopt this currency?
No one would, and that’s a problem, because regardless of what you think of crypto or gold, the dollar and all of its fiat competitors are true sh*t coins that I predict will be extinct in the next 20 years.
Technology and the advancement of the human race won’t stand for these fiat notes for very much longer.
Stay long the blockchain and gold!
President, FutureMoneyTrends.comEditor’s Note: I am long HIVE Blockchain Technologies.
Projections relating to gross mining margins outlined above are subject to the assumptions set out therein, including future cryptocurrency prices, which are based upon management’s best estimates but are inherently speculative and there is no guarantee that such assumptions or estimates will prove to be correct.
This work is based on SEC filings, current events, interviews, corporate press releases and what we’ve learned as financial journalists. It may contain errors and you shouldn’t make any investment decision based solely on what you read here. It’s your money and your responsibility. The information herein is not intended to be personal legal or investment advice and may not be appropriate or applicable for all readers. If personal advice is needed, the services of a qualified legal, investment or tax professional should be sought.
Never base any decision off of our advertorials. Future Money Trends stock profiles are intended to be stock ideas, NOT recommendations. The ideas we present are high risk and you can lose your entire investment, we are not stock pickers, market timers, investment advisers, and you should not base any investment decision off our website, emails, videos, or anything we publish. Please do your own research before investing. It is crucial that you at least look at current SEC filings and read the latest press releases. Information contained in this profile was extracted from current documents filed with the SEC, the company web site and other publicly available sources deemed reliable. Never base any investment decision from information contained in our website or emails or any or our publications. Our report is not intended to be, nor should it be construed as an offer to buy or sell, or a solicitation of an offer to buy or sell securities, or as a recommendation to purchase anything. This publication may provide the addresses or contain hyperlinks to websites; we disclaim any responsibility for the content of any such other websites. We are long HIVE Blockchain Technologies and have received options directly from the company and have been paid two hundred and fifty thousand Canadian dollars for three years of digital marketing paid for directly by the company. Please use our site as a place to get ideas. Enjoy our videos and news analysis, but never make an investment decision off of anything we say. Please review our entire disclaimer at FutureMoneyTrends.com