The Week To Be In Crypto [03/25/2019]
See this and more on Cent — https://beta.cent.co/@jonto
Market Overview
I first heard about and starting digging into crypto in the fall of 2016. It started as it does with many where it was bitcoin first and then I started branching out. The bitcoin price has been chugging upwards but without making any particularly impressive jumps. What has been happening though is some altcoins seeing some real movement (ENJ and RVN seeing massive runs (5–10x) with other coins popping for 2–3x even if it isnt sustained. What I am reminded of is the first half of 2017. Yes bitcoin went from $800ish to $3000ish per bitcoin but if you look at the second chart the total marketcap of all non-BTC coins went from ~$3billion to ~$75billion!!!
I am not saying the same or anything close to the same is happening now or will happen again. But I do believe that the altcoin casino never really closed and people are still greedy. There are some projects out there that will have great, long, sustained success as legitimate companies but right now nothing is really getting used and it is all speculation which will lead to wild volatility. If you are aligned appropriately it is a great time to get some extra BTC and prepare yourself for the next BTC advancement. If you dont have the time to really research and pay attention to the positions you can also get quite burned so tread carefully but the water is starting to feel pretty good and may be time to put a toe in the pool.
What I’m Buying
Some coins that may be worth looking at more closely are the ones that had big runs in early 2017. I haven’t bought back into any of them right now but am planning on giving them a more critical look this week.
- DASH, ETH, LTC, ZEC, XMR, XLM, SC
Recommended Media
Read
Listen
Follow Me
twitter: https://twitter.com/Tompkins_Jon
linkedin: https://www.linkedin.com/in/thejonathantompkins
telegram: https://t.me/joinchat/FqrpRUo8CKHV8gGKRuNNNQ(we have a few people now, join in!)
