Weekly Wednesday Crypto Episode 3 – Holding on for Dear Life
I am holding onto my crypto-currency.
Summary of this Episode
Over the last week, I had a lot to say about crypto. I was of the opinion that the bear market had bottomed out. Today, I woke up, and the market fell another 15%.
I did not see that coming. However, I did take it as a buying opportunity. I bought more Ethereum. I still believe very strongly that by Q2 of 2019, we will be in a bull market for crypto. You should not take my word for it. I could be wrong, but I don’t think I am. If, because of what I said, you bought into crypto last week, you just lost 15% of what you put in. What you do next is up to you. If you keep it in, you could lose more. I can’t tell you what you should do, but I will tell you that I have doubled down.
The Next Bull Run
Let me explain why I think that Q2 of 2019 will be the beginning of the next bull run. I believe that the developments in the crypto space over 2018 will lead to many projects being much more usable. This means that the potential for real adoption in 2019 is much greater than it was two years ago in 2017 during the last run-up. Because of this, many who were disillusioned with the crypto space after the crash will revisit the space next year. In order for that to happen, however, the improvements will have to be implemented and brought to public awareness. Then, there will still be some skepticism until people actually start to see it work.
By the time people start coming back around to cryptocurrency, it will be a lot more expensive to acquire. I won’t tell you, the reader what to do, but personally, I’m holding onto my crypto, and I’m buying more while it’s still cheap.
This post is for academic and entertainment purposes only. It is not financial advice. All cryptocurrency investments are highly risky. Always do your own research, and never invest more than you can afford to lose.