[Prediction] What's the next big exchange in 2018??
My investing strategy has changed a lot since I first got into cryptocurrency. At first, I just held Bitcoin until it hit $3,500, and I sold thinking it was topping out. How wrong I was! Luckily, I took my earnings and bought Ethereum and rode it up. Then I sold my Eth for Ltc and rode it up. Yes, I sold my Btc and missed out on some huge gains, but I still made a nice profit and maintained my conservative trading strategy.
Then Bitcoin Cash came out and I watched it skyrocket when it was added to Coinbase. So my new strategy was to find out what coins would be added to Coinbase next, and buy them early. So I stocked up on Ripple. Luckily, I got in early and still made a profit, but geez, Ripple is going through some major drawdown. Especially when Coinbase announced that it has no near-term plans to add any coins.... that might be bullshit, but it still caused Ripple to drop 20%.
Well, now Coinbase is losing it's strangle hold. Binance is the new big exchange taking over market share, and as new coins get added, they jump up in price. Prime example is AppCoin which was recently added to Binance and blew up 100% in the first 24 hrs. As of a few days ago, Binance has announced the next coin to be added: RaiBlocks (XRB). So I stocked up on XRB before it goes live on Binance...
I also bought some BNB which is Binance's coin, essentially shares in their company. As Binance continues to grow, their coin will surely continue to increase in value. It's already proved to be a worthy investment for me.
But what about the future? What's going to be the next big exchange in 2018? If we can find it early, we stand to make some major gains.
Well, I'm looking at KuCoin... another Chinese exchange pretty fresh into the market. They offer their own coin, KuCoin Shares (KCS), as well. KuCoin is gaining more users because they offer more of the "penny-coins" that are getting a lot of attention nowadays - many coins that Binance doesn't offer.
Above is a screenshot from KuCoin's exchange platform, very similar to Binance. I used KuCoins to purchase my chunk of RaiBlocks, and bought some KuCoin Shares, too.
KuCoin also has a referral program which was incredibly successful for Binance. You may have noticed that Binance and other major exchanges have temporarily suspended new user registrations, due to the flood of new investors getting into crypto, most of them seeking the alt-coins not available on Coinbase. Well, KuCoin is still accepting new users, for the time being...
Crypto is an ever changing market with lots to learn and follow, from mining, to lending, to ICO's...
But the exchanges are the gatekeepers. So, picking the right exchange/wallet provider, will be crucial in the future.
Consider signing up for a KuCoin account, while they are still accepting new users!
Thanks for reading! Please share your thoughts below, and follow me for more crypto-predictions, news, and more...
-Eric Summers
~If you are reading this, you are the Resistance~