My ideas on preparing for crypto change in 2018
This coming year will bring allot of crypto change, and we might know 100% of what that change may be. I am not someone who knows concrete things that will happen but due have a general knack for seeing life as a puzzle, and being able to place the mental pieces within my mind to be able to be ready for several technological convergence of events, and being prepared for some of this change.
I am not a fan of holding US dollars and see the purchasing power of the greenback becoming reduced further. There will be an alliance with Saudi Arabia that keeps oil, and the US dollar connected, and allowing the Federal Reserve to continuing holding onto control. Now when governments have issues controlling their finances historically they move to war quickly. It does not really seem to matter who is at the head of these governments because the people who run everything are apart of the current financial system. These people will fight to hold onto power, and control over the US dollar even if that means going to war.
The EU is no different, and they have shown in Spain that holding onto power at all costs is the goal. Using violence to keep people from voting within Spain was shocking to allot of us, and an example of how far governments will go to keep power.
The world is also prime for another World War and our finances within crypto are at no less risk than anyones else's. So what should we do, and how should we prepare. I personally think Gold to Bitcoin trading should start, and we should have the ability to take delivery. Other alt coins should also be aligned with gold and taken further away from the fiat currency. In other words when we want to get out of crypto we should be able to settle into gold.
Holding a large portfolio of alt coins will give you exposure to the larger market, and better prepared for technology changes with different cryptocurrencies. Some of these coins have stronger privacy, and this area within crypto will most likely have strong growth in 2018. Now some of the blockchains have specific utility capabilities, and these should be evaluated independently for their own merit.
Using cryptocurrency to be able to buy products, and services should also increase in 2018, and look to companies who have focused on this area such as Bitpay to do well. There are many in Japan up and running, and we should look into these on an individual basis.
Now Bitcoin is still very hot, and having major issues. These issues being fixed will cause the price to soar or cause another crypto to explode upward. Look to others that have the ability to offset Bitcoin issues, and diverify into some of these. Bitcoin Cash may be one of these options, and we think holding a larger position is warranted with the confirmation time, and cost involved with Bitcoin.
Alright I have rambled on long enough and will try to verbalize this on our podcast. You can listen to my thoughts on these apps if you would like too.
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Until Next Time!
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I wouldn't say Catalonia is about control. It's more about general stability withing the EU itself. After Brexit the EU is weakend and it really doesen't need another incident any time soon.
Furthermore, you have to realise that each and every country has at least some territory disagreement with another country or withing itself. Letting Catalonia slide would be much bigger than you think, altough the Catalonians do have a real history and really are a unique case in that matter, its better for the general stability of the EU if everything stays as is.
The strenght of a currency in a country determines the strenght of that same country, so going to war over the $ is not really a bad thing. The main goal of each and every economist in the US is keeping the $ stable and that is something crypto is far off from.
The EU is run by unelected rich selfish people who have no care for people’s rights. There will be a surge of independence in the EU
it will be unstoppable
The EU experiment will go down in history as a huge failure.
Thanks @ludji There is so many variables, and the day seems to be approaching when pricing pressure due to world events will impact our crypto industry. We also need de-centralized exchanges ASAP before world governments move to clamp down on us.
Use shapeshift.io to move your coins about they dont keep information on you. If privacy is important use exchanges as little as possible. Exchanges are nothing more than virtual banks and we need to develop a better methodology to buy, sell, and trade cryptos as governments bring the hammer we have to resist.
Im an advocate of decentralized exchanges.
Hello again @johngentry
This is something that I already thought about. I think the saying "Calm before the Storm" will be reversed here and that we'll see the "Storm before the Calm".
The upcoming year of 2018 will bring a lot of changes, and those changes may not all be peaceful.
Having said that, I never felt safer financially than now, so Cryptos are a Godsend nonetheless.
Cheers!
Upvoted!
@spiritualmax I think you may be right. It's very interesting how things are going.
Great post, love the pictures. Once this does become more mainstream (which it definitely will) it will gain much more trust. I am just old enough to remember how nervous some people were with using the internet early on. I was going to write a book on these topics but luckily I came across this platform, and could provide the content for free, and not have to publish it all at once, kind of like a newspaper article that is put out fairly regularly. The intention was to synthesize the content for everyone, from the person who has enough things going on their life and can't spend all waking hours following all subjects that make these writings to the most heavy, and ruthless in depth consumers of this information content apparently like you. Thanks again, as you know I gladly welcome all and any comments that you can bring to the content. Thanks again for the post, have a great 2018!
https://steemit.com/politics/@cryptkeeper17/the-bloodless-american-fiscal-revolution-will-now-be-digitized-section-1
Thanks @cryptkeeper17 I will check it out. I will add it to my morning coffee reading.
What will be difficult to figure out will likely be what is the next coin to bring in 1000% return on investment. Honestly this year, 2017 was an amazing year and I for one got in at the end of it so never capitalized. Yet I think a lot of crypto investors that have joined believe 2018 would be even better. I would say no way. Reminder ETH was less than $10 at the start of the 2017. LTC was less than $5 and even Bitcoin under $1000. If we were to have this kind of rise in 2017 the overall market cap would have to be at least 10 times where it is now. Not saying this is impossible but the ROI won't be as good I think in 2018. I hope I am wrong. Thanks.
I think there are still coins that will have 1000% returns in 2018 however most will just be 100-200% gains and that is only the good technology plays. The rest will hover or slightly improve. Or the whole market could explode like crazy.
this is a very wise thinking,, but for me It is all hard to apply but I still can stick at some rules indeed
@cryptosteve I fully understand, and over time it really does get easier.
Good advice in my opinion 👍👍👍
I especially agree if bitcoin issues aren’t fixed another crypto will rise fast. Maybe only short term maybe not. Dash could be this or monero.
how do you predict the development of bitcoin in 2018 in the future.
whether the price will go up or down?
@rizalmahrez I see pressure to the upside mounting, however the confirmation issues and costs are so bad it is keeping the price down. If they can solve these issues it should rise faster. If not then positioning into other possibilities must be considered.
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