I am just as new as you guys when it comes to crypto. I hate myself for not getting in sooner but the past is the past. I have spent the last week watching and reading everything I can about this subject. I have researched a lot of the ICO's and altcoins as well to get an understanding of what all these technologies are about. After this research, this is what I think.
Most people I know still have no clue what the blockchain is. They have no clue what Bitcoin is. I feel like this is, while being the best time, is a good time to get in. You are still ahead of MANY others. When this stuff goes REALLY mainstream they will all be lagging behind and it WILL be too late.
I would recommend for you to try to convince people you care about to get in now as well. If things keep going the way they are currently...this stuff IS the future and WILL become mainstream and they need to be ahead of that curve as well. It might be hard to convince people you care about, but keep trying.
First, I would take a look at some of the crypto market sites to get an idea of the numbers behind cryptocurrencies.
Now you have an idea of market caps, volume and circulation of these crypto's. This should have you interested, if not...you do not like money or changing the world.
I do not see BTC going down over time. It might drop here and there for futures shorting and other fun hiccups. I believe over time we will see this currency grow FAR more. 100K+ is really not out of the question in my opinion. Getting into BTC will possibly give you some gain short time but it will give you HUGE gain over time.
We saw a BIG jump in IOTA recently due to Fujitsu and Microsoft backing them. This was great for people who understood the tech and got in really low. It is not too late on this one, if it can produce what it promises. Tangle, the technology that IOTA is building, is different than the blockchain. It will be used for IoT which is HUGE around the world currently.
I would recommend to buy into this while it is dipping, which is right now. Once you hear news of "proof of tangle" jumps will happen. If you do not start seeing good news about tangle, I would reconsider. Basically if tangle is vaporware....this is not going to be a good buy long term. I do not feel that is the case though, I see huge potential if they can do what they say.
We saw good gains from Monero just days ago when musicians and their relative establishments announced they would be accepting Monero AND giving 15% discounts to those making purchases with it. This drove the price up almost 100 dollars USD over night. That is not the last big jump we will see from these guys though, here's why.
As always, some people will want to hide their profits from the government. I think this is stupid. If you are making good profits pay your damn taxes, I digress though. Because of people wanting to hide money from the IRS and such you will see big movement in Monero.
Monero is about as anonymous as it gets when it comes to crypto's. If you know what you are doing the gov will never know about your Monero holdings. Basically everything Bitcoin USED to be for in the beginning, is Monero territory now.
*I am going to let you research further projects on your own because I feel that will help you in making money. These are just two that I really see promise in.
I am just a newb to this stuff like you guys. I do, however, have faith in these technologies and myself to make some good money. The more wealth us good people control, the more we can fight back against the elites and greedy folks who have tried to ruin the world. I really see a bright future ahead. Good luck on your journey!
