1 upvotes, 1 direct replies (showing 1)
View submission: Don't invest recklessly
It's basic investment advice, but it neglects to mention a few key facts, so its not that brilliant. He left out some very key details, such as the reason for BTC's valuation and why anyone shouldn't be that 'skittish' yet -
My previous post on the matter: "As most ALT-Coins are traded back into ETH/BTC/LTC, these few coins are amongst the safest Crypto Currency holdings. You want to convert you ALT-Coins back into Fiat? The road starts with one of these 3.
The original poster neglects to mention this. Especially BTC/ETH, they are the Key in the KeyPair relationship with all other Crytpo Currencies."
As others have predicted, BTC will grow past the $100,000 per coin range, I suspect this will become reality for various reasons, but mainly because there is A LOT of new money coming into the market. As the rise of the ALT-Coins continues, so will the price in BTC under the current KeyPair relationship and Fiat conversion for profit taking.
All of these factors Cement BTC/ETH's role as the KingPins of all KeyPairs, they are the Master Currencies. This will continue to be the case until the exchanges allow other Crypto's to be traded into Fiat, etc...
Since the exchanges themselves have massive interests in BTC, LTC and ETH, don't expect this to change anytime soon.
Yes, they will have there ups and downs, but expect the upward trend as money continues to poor into the market.
Comment by Banjooie at 31/03/2018 at 01:20 UTC
1 upvotes, 0 direct replies
waiting on upward trend please advise