Hello and happy Friday to everyone
Today is shaping up to be a very good day for the crypto market, Bitcoin is closing in on $10,000 and it's pretty much an all green day for top 20 crypto's. Of course STEEM is having a red day and has dropped a few more spots on the marketcap but im starting to not care anymore. The important thing is Bitcoin is almost at $10,000 again which is very strong, at the time of writing each BTC costs $9,881 and think it'll pass the $10,000 mark this weekend at some point. Going from 4 figures to 5 figures i think proves that it's here to stay and proves the nay sayers wrong as for as crypto's being a fade and scam. It is very hard to say something is a scam when it costs more than £10,000 and had a proven record for epic come backs after price drops of 80%
I briefly entered the crypto game in 2013 for a few months and exited a few months after due to mtGox. I reentered the game around 2 years back when i found steemit. For the first 6 months i only bought small amounts of STEEM and it was not until the end of 2017 that i started to buy other cryptos. Since than i have spent a few quid on crypto's which has pretty much all turned into shit. As i look at my crypto portfolio i think to myself, the last 2 years have been a learning experience. I have made a few mistakes in my selections and my BTC holding's are very low. If i could go back 2 years to tell myself 1 thing, it would be buy Bitcoin. Fuck everything else and just buy BItcoin. Stop wasting time researching other crypto's which make you think you have an edge, if the info can be found on google it's already old news. 98% of master-nodes are pump and dumps were ROI's of 1000+% are shown and investors are basically cashing out the owners only for the price to collapse when rewards go from being spread over 10 master-nodes to 1,000 master-nodes. Once a coin drops out of the top 10, it's rarely re-enters as it's been replaced by the next big thing.
From today which is Friday and every Friday from now on i will be buying some Bitcoin. Friday is payday for me and i always take my saving out right away and the rest is for spending. I will be buying at least £40 ($50) of Bitcoin every week with the target of getting 1 full Bitcoin within my lifetime. I understand that buying £40 a week would take a lifetime but i have a few other crypto's i will convert down the road and i still need to put a few quid away every week for silver as it's my bottom dollar bitch investment. My single biggest holding is STEEM with almost 10k but i have a few EOS, NEO's and Litecoins as well, the rest of my holding are basically shit coins.
Just reading back over this paragraph again, i laugh to myself at my goal of owning 1 full Bitcoin. 2 years ago that target might have been 10 Bitcoins, 4 years ago 50 bitcoins and 7 years ago it might have been 100 when i first bought Bitcoin for under $100. I had 8.3 Bitcoin in 2 accounts with mtGox when it went down, there is a good chance i will get some back but im not sure how much. If it is more than 1 BTC, i will be a very happy boy to say the least. I dont had my breath waiting it. Point is right now i can set a target of 1 full Bitcoin. When Bitcoin splits next year, it'll get harder and in 3-4 years the idea of owning 1 full Bitcoin could be crazy.
Just for fun i am going to make a prediction on which coins will remain in the top 10 after the next bull run from the current list.
Yep, the top 4. I was on the edge with binance and EOS because i think their marketcap's will continue to rise but the top 10 might move faster in the long run.
What have you learnt over the past few crypto years?
With Bitcoin about to break $10,000, alot of people are saying it'll sling shoot to $15,000 before a correction. What are you gonna do differently this time round?
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