I think there is a big chance for that. But it is..I wouldn't say risky, but there are a lot of pitfalls. Especially for everyone that are new in investing, new to cryptos, relatively new to cryptos. Even if the markets go up 100x, a lot of people will still lose money on it. Finding the best bets, like Steem, ETH, AION, EOS, Waves, Lisk and other protocol coins and just hold them is probably the best bet for most of us. I am completely done shuffling coins around. I might trade some, in order to get into some other protocol coins.and perhaps get rid of some bad ones or take some profit eventually. But basically just hold..if you own one or two of the right coins then boom :)
@scandinavianlife Hi man! ive been offline lately :)
I read the other day that if one has 10k usd of crypto the they are in the top 1 % of people holding crypto. I think I resteemed it on my blog not sure and too tired to look. What kind of "boom" do you mean? I know crypto market is still new , and anyone with a reasonable amount of crypto or any good one (s) are early adopters, but im wanting to grasp say in 5 years how big this boom could be, whats your thoughts?
Hi man..same :) Jogging and walking a lot! :D
5 years..A total market cap of somewhere between 5 and 25 trillion USD..At least 5% of total stock market value, and as much as 25% (giving the stock market grows about 15% the next 5 years from 80 trillion to 100 trillion market)
It could even be much much bigger..Total mined gold on earth is worth 8 trillion. Derivatives market is somwehere between 500 trillion and 1,2 quadrillion..
So..your imagination is really the potential here.
Thought you might have been getting in practice for a world record attempt 😀 its warmer now finally!