Just like many here I'm sure, 2017 has been a VERY profitable year for me. There's something slightly surreal when your crypto-portfolio makes more than your day job!
I'm not claiming to be a genius, or a brilliant trader or anything else. I'm very aware that I earned money simply because the market cap. of cryptos has risen from a respectable $17.7 BILLION at the start of the year & has just blasted past $500 BILLION a few days ago! You could have invested in many cryptos & done brilliantly (even obvious scams like Bitconnect). A rising tide lifts all boats, as they say.
As I've mentioned before, I'm in a local Bitcoin Meetup group and it's slightly upsetting how few members have any sort of crypto-portfolio. They are interested in the idea, they are techies, they know it's going to change the world...& yet they don't invest much. The founder of the group told me he only had 0.17 btc, yet spent £1000s of his own money organising the recent Bitbrum conference to promote bitcoin & crypto.
There seems to be two tribes in crypto:
1). The hackers & dreamers...the anarchists dreaming of a Utopian future. They can see the potential & what's coming along. But they don't invest & often are conflicted around the subject of money. Or they just don't feel they have the spare money to inves
2). The speculators who know a good return when they see one!
It just seems so unjust that it's tribe 2 that are going to get righteously, stonkingly rich from cryptos over the next 10 years, while the hackers & dreamers won't. They'll be saying 'I was there at the beginning man', but still living in their mum's spare room.
My predictions for 2018: I have absolutely no idea! The unexpected will happen. $100,000 bitcoin? $5,000 bitcoin. Both possible! (As an aside, I've enjoyed many self-proclaimed bitcoin experts continuously adjusting their predictions for the btc price as it moved throughout the year...what nonsense!) There'll be hacks & scandals. Some countries will suddenly ban cryptos, others will suddenly liberalise. New & exciting projects will appear. Banksters & politicians will 'warn' & pontificate. It is likely to be exciting whatever happens...which leads me to my strategy for the year ahead.
My strategy for 2018:HODL and continue to accumulate the crypto assets that I like. Beyond that, I recognise I can't control or predict that may happen. All I can control is that I will continually add to my crypto holdings during 2018. My shortlist at the moment: EOS, Bitshares & Bitcache/K.IM.
Good luck in your crypto investing in 2018 everyone :-)