Last week I made a comment to my brother that these "new investors are like little fish buying anything thats shiny that gets their attention". I'd recently read an article that something like 30k new investors are opening up Coinbase accounts daily and one of the HOT topics catching a lot of attention of these new investors are pot and marijuana related crypto altcoins. Why? Because the Green Rush has begun and these little penny altcoins are heating up. Marijuana sales are up 50% in 2017 and is expected to be a 50 billion dollar industry by 2025. According to Forbes Magazine "The Marijuana industry is getting super sized and pot companies are growing larger and faster than tech companies during the dot-com era". On Jan. 1 st everyone in California over the age of 21 will be able to buy, smoke and grow marijuana. After doing some trending analytics of my own on a few of them I decided to test the waters and buy into four. On Nov. 26 I bought:
Pot @ .3074 currently up 42%
THC @ .0243 currentlyup 255%
Dope @.0263 currently up 160%
Cann @ .0034 currently up 125%
Not a bad return for less than a week. I guess I'm now a drug dealer. So, if you're considering diversifying into a few new altcoins you might consider looking into a few pot or marijuana altcoins while they're cheap.
Remember to..... always buy on uptick after a decline!
Crypto Guru