My predictions for crypto 2018

Well we're nearly a month into 2018 and we haven't had the best of starts with the total crypto market cap. Massive sell-offs across the board and new investors to the space will be questioning what they have done! Don't worry things are about to get much better.

I'm going to give you my take for what I think will happen for the rest of 2018.

I'll start by saying that i've not travelled to the future like Marty McFly, and don't trust anyone who says they know what is going to happen for certain. These are just my predictions and thoughts.

Current down-trend
This current down-trend isn't the end for Bitcoin. This market is just getting going. I have witnessed how much attention and how widely the public are getting exposed to the news of Bitcoin and Cryptocurrencies, especially over the past 6 months.

With news on cryptos flowing into popular culture and social media more and more, the network effect will only grow even larger. Whether Bitcoin is still top dog remains to be seen. However Bitcoin still has the branding and this will encourage the awareness of cryptocurrency as a whole.

Coin of the week
We'll still have coin of the week. Every week there seems to be a new coin that is the next big thing and people FOMO massively and end up buying the top only for it to crash the next week. Tip, if the chart has a massive green candle, think of the probabilities of where is might go next. Ripple, Raiblocks & Ve Chain are recent coins that come to mind.

The true valuation of coins
The tokens and coins still wont reflect their actual value in 2018. We are still in a phase of absolute ridiculous valuations for some of these coins. Cardano for example, no working product and with a highly excessive valuation. This doesn't seem to be a worry, nothing is a worry when you're in an extravagant bull market. This sentiment will continue well into 2018. Coins valuations will still be proportional to their hype.

Regulation
As you are seeing now, Governments throughout the world are trying to control cryptocurrencies. Some Governments like in Japan are embracing cryptos which I feel is a very wise move. This technology moves so fast and Governments are going to struggle to keep up. Regulation will continue but will be with an emphasis on tax liabilities than on an outright ban.

The biggest threat to crypto.
In one word, Tether. It could be used an instrument of FUD as an excuse of a market correction or much worse, cause another Mt Gox incident if it goes completely tits-up. This will send the whole market plummeting.

What are your thoughts? Do you agree or do you think I'm talking nonsense?

Crypto Hands

I recommend...

👑 Binance cryptocurrency exchange: https://goo.gl/RvS1WM
🤑 Coinbase - to get you started in cryptos: https://goo.gl/8hBjS2

Also find me on Twitter - https://twitter.com/crypto_hands
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