Investment - Future ideas for crypto?
Hey guys,
So first of all, this is not a guide is just my opinion, you should debate with me not do what i say.
So for the last 2 years I've been into crypto both with mining and trading and made a buck here and there.
Now the markets seam to plummet... well... my guess is not really just a leveling more like people afraid of the 1st of august fork pulling their money out of the market...
First hint was that all the markets where going down, bitcoin stood still... that was the first thing to be afraid of... well that's because if people wanted to leave the market, they first traded all their altcoins to bitcoin... therefore the bitcoin price was still up for some time... now it seams to go down as well...
I don't have any indication on either leave the market or hold is up to everybody.... if all the people do the same thing then there isn't a market after all... so we need diversity.
My own plan now is to buy buy buy! i specially focus on the ethereum. why? i`ll tell you later
2 of my other coins i have my eyes on are vericoin and verium. they got same hit as ethereum and prolly will go back up. I dont wanna sound but one of my cocky, by my company worked with them for some time (we do web developing and marketing) and one of my coworkers been asked to help improve their strategy. again, don't wanna sound cocky but i know how good we are and how can we help them reach to more people using their coins.
I'll still buy some LTC and SC for safekeeping, and off course STEEM.
I'll wait the 1st of august fork madness to stop and see where to go from there. prolly if all go according to plan i'll sell everything that went back to the pre-crisis price and keep the bitcoin. After the fork madness satles i'll expect bitcoin to go up in price.
After bitcoin gets to a "stable" hi price (4000ish?) i`ll buy ethereum (assuming it didnt went over 500) and HOLD the crap out of it till November
People speculate many instances
- Ethereum wont switch to POS...
- Ethereum switches to POA... only some miners will be consider eligible to verify transactions
- Ethereum switches to POS instantly
- Ethereum switches to POS only a percentage going up each month.
for the first instance... there isnt much to discuss on... well?
for the second we gonna have a lot of cheep graphics cards (yey gamers) while big farms will still cash in
third option is bad for miners... is the end of the world... well... not really... if you dont use nicehash or other bots to autosell the ethereum, with no more miners, eth will hit 1000$ in a day... and god knows how much will it increase, people will go crazy over it to get their stacking wallets so... you need 3 more months to get ROI off your mining rig? well... you will make that amount in the last few hours of mining.
the last option is the most possible... meaning in the first month 10% of transaction will be POS 90% still POW, and each month POS will increase... meaning we have few more months to mine... we will get less and less eth each month but the price of 1 ether will become higher and higher
So if you are a miner... or if you cashed in on the bitcoin fork... invest in eth and wait for at least one year. you wont regret it!!