A Look At Crypto Space

Part 2.CRYPTOCURRENCY TRADING, INVESTMENT AND USAGE, now I like to say sorry the wait on this article but without further ado here go.Let's Talk About Trading Altcoins Purely For Profit sake which I know many of my readers are interested in this. So how do you pick an alt that's going to make 30% 40% 50% gains you might ask ? Well it's all about conditions I'm going to teach you my method , I call it the Magnifying Glass Method using this I have have made the large gains mentioned and it has 5 easy steps. Step1. Branding go to coin market cap or where ever you look for cryptos go through the pages till you find a coin with a good icon or symbol that catches your eye and looks professional this is important because a product won't sell very well if it doesn't look good. Step 2.look at the total token supply if its over a 800 million in most cases the project isn't going to increase in value very well so best to go on to the next project.Personally I shoot for projects that have around 20,000,000 or lower to around 700,000,000 on the high side. Step 3. Go to their website read their white paper and research their partners if any.These details are important because it will show you how centralized or decentralized they truly are , if you are new to crypto compare them to bitcoin and ethereum as best as you can this will show you what path a project is on. If decentralized and a solid technology than check yes if no then move on to a new project. Step 4. Ask yourself is the token useful, does it serve a purpose that will make people want to buy it ? If yes then you are on the right path. So we are talking use case. Uses could be anything from acting as video game money,performing a smart contract service such as giving joint custody of something to a number of people , or paying for a service such as coding or payment for a commodity like corn ,oil,and silver. Step 5.Timing ,timing is important to a project because crypto is still fairly a new technology , and like a product brand new ones generally worth more for a while then have a slight pull back then we hit the middle point in any projects life span after the first hype and that starts to fade the serious customers start buying and using this token so you will hit a high traffic point if the demand for it is high enough this is generally a 20% pump of price.I personally buy in right after the hype begins to fade if i can .Then you get to the sweet spot after a few months sometimes a year or more (it varies from project to project) the overbought point this when the token becomes more rare and there are fewer on the market place as result you been to see 50% gains. I try to buy in just before the overbought phase as well. The key is to look at the circulating supply and total supply and see how close they are to the same the closer they are the closer they are to being overbought example being , say the total supply of some coin was 400,000,000 ,and the circulating supply was 250,000,000 this would be a good possible buy because more than 50% of it was already in use and most or all could be purchased in a few months if the demand is high enough.Now these times are not exact and I know most of us are busy people so unless HODL you should get yourself a trading bot to buy or sell at certain price gains or lows. Trading bots are becoming more common and there are several services out there I'm looking into one called shrimpy myself which I haven't tested yet because I do most of my trading the good old fashioned way. Now for a change in direction The most important thing in cryptosystem is to decide what you the user want out of it rather that's more fiat , or you appreciate the technology and you try to incorporate it into everyday life or both. That said couple ways you can get the most value out of the system , learn to use it mobily or on the go, learn to use Mobile wallets because money is fast paced if we want mainstream adoption our cryptocurrency has to be at our fingertips just like regular fiat.Cryptocurrency credit cards are also another great tool a more secure way and easy way to go back forth between fiat and crypto although they generally tend to have fees that vary in fairness. Now that I covered usage lightly I like to talk about what Investment cryptocurrency means a new money systems and a new economy no longer tied to a debt basics.A new age of financial accountability you would own your money not the government, no more inflation of money so business they could keep their value at a set cost instead of having to charge a dollar extra for the exact same product over time. It used to be you could buy bread ,cheese ,and meat for a dollar now you would probably have to 12 dollars. With that in mind we could also have a set tax instead of a rising tax if we felt they were necessary that is.The cost of living could also stay the same. All this is possible if we find a way to pay our debt, I would recommend using the countries's gold reserves to pay off all international debt for the country , then everyone turn in their dollars for equal portion of cryptocurrency. Dollars the go to a museum and most burned the printing press are shut off . End of the debt system, people's wallets would be their phones or whatever devices they choose or credit cards. All in all I say the world would be a better place for it. Money would be a one of a kind digital asset you possess no longer a Peace of paper that's just one of billions.Now I can already hear the skeptics how will people get loans ? Simple cryptocurrency credit Unions all they need to do is apply for a loan the same way they do today. Now others will say I can't operate cryptocurrency wallet cause it's to complicated for you the answer is simple a cryptocurrency credit card or debit card all you have to know then is your pin number. If the absence of paper money bothers you then you could use cryptocurrency bills each attached to a certain amount of cryptocurrency ,but regardless there is no issues big enough to stop this from working easily. Anyways thanks for reading A Look At Crypto space.