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2018- Year Of The Crypto?: A Projection by richq11

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· @richq11 · (edited)
$16.48
2018- Year Of The Crypto?: A Projection
![01.jpg](https://steemitimages.com/DQmQikxHzEaeMMh1sVsFCFchcAMv7hwWV6qnEuJvPpCe4W4/01.jpg)
Google Images

When I started on Steemit a little over a year ago I knew absolutely nothing about cryptocurrencies... To me it was just play money. I had heard the name Bitcoin bandied about, but knew nothing at all beyond the name. Although I'm no expert by any stretch of the imagination, thanks to many good people on Steemit, I've become at least a little bit informed and having a background in economics helps as well. So, all things being equal (the universal economist's disclaimer) I'll make a prediction or two.

First, the crypto market cap has broken $700 billion this year. I believe it will top the magic $1 trillion mark (somehow a number like $1 trillion seems like it should be capitalized). $1 trillion (or even close) makes cryptos "too legit to quit." Ladies and gentlemen, if you haven't figured it out yet- cryptos are here to stay (Fuck Warren Buffet!).

BTC, the universal benchmark of cryptocurrencies has already surpassed the 80% distribution mark... After that- no more will be minted (could easily happen this year). Applying the Laws of Supply & Demand, when supply goes down, or remains static in a dynamic market, price goes up. For anyone unfamiliar with the Winklevoss twins, they made a fortune ($65 million) in a settlement deal with Mark Suckerberg of Fakebook. They bought around 120,000 BTC at less than $10 per and have holdings worth between $1.8 and $1.9 billion. These are not stupid guys who became rich by throwing money away and they predict BTC to hit $100,000 by 2020 and top off somewhere around $300,000 and $400,000. They're optimistic enough about BTC futures that Tyler Winklevoss is quoted as saying he wasn't even sure they'd sell off their holdings for over $395,000.

My guess (as uneducated as it may be when it comes to cryptos) is that 2018 will be the year that cryptos will really come of age... "Going mainstream." People with no experience will see the success of people (like me) who are making money on platforms such as Steemit and want in... they will "take the plunge." Steemit deserves a lot of credit, both for their ingenuity and willingness to create an open forum. Maybe just a little at first, but as their portfolios grow so too will their courage. I understand that Bittrex has stopped accepting new accounts because of the volume they're currently handling. This is good as it will give new exchanges a chance to grow. Of course, it will also attract crooks- but what business doesn't? Even religion has its Joel Osteens!

I don't give financial advice, but I will say two things... keep an open mind and ALWAYS bear in mind that cryptos are a volatile market and NOT for the faint of heart.

GIF by @papa-pepper

![U5dsRT1UAnwwU1RVKAb43TK21U3xTen.gif](https://steemitimages.com/DQmayGKroCCdAg66zzQR4yqXZ1q6yTESTxtUJYi1qpMSHNQ/U5dsRT1UAnwwU1RVKAb43TK21U3xTen.gif)
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@alaminbinamir ·
This post has been Resteemed and Upvoted by @alaminbinamir
Governments around the world,
are using "Child Protection Agencies"
to take children away from loving families
and place them in foster care or group homes
or put up for adoption.
THESE FAMILIES NEED PROTECTING.
Thank-you @richq11 for supporting
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@beyondthecrypto · (edited)
$0.19
Follow me rich and we'll both get rich (no pun intended) :D

My personal take on the crypto market right now.
With platforms such as Telegram starting whats looking to be the biggest ICO to date this year, other platforms like Facebook, Youtube, will some day have to follow the trend and so the top dog coins of the future have still not shown themself. But when they do rest assured everyone is a winner!
👍  
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@richq11 ·
Fakebook, ScrewTube & Twatter have sold out to the evil forces. If Telegram stays censorship-free, they have a VERY bright future. I've already downloaded the platform (speaking of which, sorry I haven't replied to your steem.chat, but it won't load).

I'm getting leery about Smartcash- it sounds like a good idea, but I signed up for a Cryptopia account and they say that the Smartcash wallet has been under maintenance since the 9th, so you can't buy it. Also issues with the Smartcash wallet itself. Just let me know when Telegram is good to go... I'm locked, cocked and ready to rock!
👍  
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@beyondthecrypto ·
$0.20
That's okay rich. it will load eventually my friend :) 
And yes SmartCash has dropped nicely perfect time to get in but indeed as you say some trouble with the wallet codex, not sure when that is fixed.

And i'll def keep you informed on TON ;) 

Talk to you soon my friend :)
👍  
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@cryptopie ·
$0.18
I love your analysis over the prediction of the price. Right now what i love about the price of BTC iis that it is very volatile which is great really because at its low prices people will get the chance to buy in to sell later.
And yes Joel Osteen among others in religion is an antichrist but the difference is that almost 99% of them dominate the religion world. Isaiah 28:8 @richq11
👍  
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@richq11 ·
$0.21
Now that BTC is under $15,000 it's a great time to get some! As for religion... I go straight to the source- If Jesus didn't say it... fuggitabboudit!
👍  
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@dizum ·
Very good Post 👍💪
👍  
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@extraterrestrial ·
$0.19
Very happy Saturday night my Friend! I'm stopping by! I hope all is well! I hope Bruno is feeling better! Please tell him I said, "hello". I'm thinking of him! I absolutely love Cryptos! In all honesty, I do not know what made more millionaires! And I'm so very happy for each and every one of them! Maybe, possibly real estate, but Bitcoin's run is on a whole new level in my humble opinion! I hope and pray it goes up and up for all the very blessed bitcoin holders. If you get some time my Friend. Please check out my intro video. I hope @extraterrestrial puts a smile on your face and makes your night! Most important, thanks again for your Friendship and help! Best Wishes! :)
👍  ,
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@richq11 ·
And thank you for yours, my friend! Bruno says Hi and Thanks (I'm just about to do a quick post about him)!!!

I'm no millionaire (yet) but I started just over a year ago with nothing and I figure that conservatively, I've made $75,000. Not bad for being flat broke, having to beg for a place to live! Will check your video!
👍  
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@globocop ·
$0.18
I see potential, especially in Steem for a number of reasons. I have more today than  I had before I came to Steemit.
👍  
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@richq11 ·
When I came to Steemit, I didn't have the proverbial pot to piss in! Now all totaled- maybe $50,000 in a year (not counting what I've spent) I owe it ALL to Steemit. Now I'm branching out in to a little speculation, now that I have my Bittrex acct back. When I got locked out, I had about $200 ($226, to be exact I think) Now it's worth about $1500.
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@kus-knee ·
$0.18
Wow! This is so cool!
👍  
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@honeydue ·
$0.18
I always feel joyful when I hear someone talking about cryptos 'cause it's something I believe is the future and it's.becoming more and more popular. It'd be foolish to ignore cryptos.

Buffet is such a liar...it's not like we ever heard him say 'listen here, good people , I really think this will be big, you really ought to invest in this'...when it came to making money, he was pretty tight-mouthed. And now he cares about the people? Give me a break...
👍  ,
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@extraterrestrial ·
It is very hard to doubt anything that starts at $.08 and goes up to over $18,000 in value. I do not know how it will end if it ever will! But, it has been one heck of a ride! Blessed 2018 my Friends! :)
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@richq11 ·
$0.10
Buffet is a scumbag disguised as a nice old man (he's probably molesting his grandkids). He paid off half of Washington to keep the Keystone Pipeline (1000's of jobs) from happening because all the oil is shipped on the railroad he owns. He also donated a fortune to the Gates Found. so they could buy bogus vaccines to poison African kids! Jesus stop me lol!!!
👍  ,
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vote details (2)
@kus-knee · (edited)
$0.18
Wow, so great to see you writing on this topic. I just noticed your new banner:

**"Writer, Economist, Jeffersonian Fundamentalist, Board Certified Lunatic"**

I love it!

I am so proud of you my brother and so happy to see you finding success here! You are an inspiration!!!!!
👍  
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@mousumimou ·
Wonderful post. .resteemit done..
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@muphy · (edited)
$0.69
Interesting post because I am living your story right now! I discovered Steemit 3 months ago, got the hang of it, and found my little niche of success in terms of blogging. 

It introduced me to Cryptos as well . I just was able to open an exchanger account to buy BTC, and two accounts on well recognized trading sites despite the recent no new-registration issues. 

I tried with 5SBD two days ago, as a test, worked like a charm. I am even investing some FIAT money but Irritated because it took me more than a month to get it set, and I missed the big rise action, not by decision but by the time it took to set everything up, the BTC had doubled in price, and the coins I wanted quadrupled... Now, I find the BTC too high to get in... so the FIAT is standing on the exchanger's site. Maybe it is a mistake to think that way and I should buy at the market price.. Maybe I should think in potential differential...

Anyway, I hope I am not too late to jump on the train... Any helpful thoughts ?
👍  , , ,
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@kus-knee · (edited)
$0.45
Great to read your experience and I'm thrilled that you're finding success as a blogger. Mining with your mind. As far as investing it's a tough call. I've earned almost all of my Steem and I bought 1.2 Bitcoin long ago and have held it.

My biggest love and what I'm still investing in is Bitshares it's another Graphene based blockchain and I wrote and article about it a few weeks ago. I believe it to be a sleeping giant for reasons that I outlined [here.](https://steemit.com/steem/@kus-knee/the-old-dog-explains-why-i-believe-that-steem-and-bitshares-will-be-dominant-tokens)

Check out articles by @stan as well
👍  ,
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@muphy · (edited)
Thank you @kus-knee. I did know about Bitshares, although they kind of slipped my mind recently.  Your comment reminds me of their potential. 

Am definitely going to look back into these during my upcoming shopping period. I am also very excited about the idea behind SMTs. I notice though the team behind Steem is not the only one looking at such an idea .

Yet, the fact that the transactions are very fast, costless and that Steem and BTS blockchains can withstand a huge amount of transactions per second make them real good candidates for future domination!
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@richq11 · (edited)
$0.48
I'm holding steem and converting SBD to BTC... That's my strategy long-term. I believe once the big "Korean Panic of 2018" is over it will shoot back up to $20,000 in no time flat. With SBD high and BTC still relatively low (under $15,000) it's a no lose situation. Of course, I wish I could have gotten in when BTC was $100 or even $1500 like last summer. But I'm still looking at it's growth potential which I think is great. Like I said, it's already hit over 80% distribution- the only way to go is up!

I'm like you, I owe it all to Steemit. When I came here I was broke (and I mean BROKE). BTC is the benchmark... it is used everywhere and most other currencies have to be converted to BTC before fiat. At least for now. That will change. However, BTC is the stablest, even if it is a bit on the expensive side. I'm not an authority so take what I say for what it's worth (free advice is worth exactly what you pay for it!) Here's what my crypto portfolio looks like... I've got 5000 + steem power (I'm powering down to make a loan) that's my base. In my BTC wallet I'm closing in on 1/2 (whoopee)- that I can tap when I need to for my Bitpay card.  In my Bittrex acct I keep 4 LTC (I bought at $53) Those I keep. I have 1000 Dogecoin in hope they break the $0.01 barrier lol. I have a BTG (gold), about 50 Ripple. 110 Lumens, 100 Verge. That's my little "play account". When I went into Bittrex I had $200- now it's around $1500. Thanks to Steemit, good friends like @kus-knee, and God, I've managed to write a book, live fairly well (with a couple of sticky spots) and have in the neighborhood of $45,000... all from nothing and in a year! I'm a pretty happy camper!
👍  , ,
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vote details (3)
@kus-knee ·
$0.17
FABULOUS! I'm so happy for you. The progress you've made from zero is AMAZING!
👍  
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vote details (1)
@muphy ·
$0.20
That is a great story @richq11! It inspires me to continue the exploration.

The FIAT I had on the exchanger account is now BTC, ready to do some shopping! So I am currently studying which coins I am going to invest in. Thank you for sharing your positions, they inspire my research too... 

I wanted Neo a few weeks ago, Now too high. Omisego still seems affordable, and I have my eyes on Stellar, I like the concept. Yet, I am limited by the coins the trader I have an account with deals with. Since your post, I was able to open another account in another known trader to play with the smaller coins. But setting the 2FA with them seems a little complicated, so I will not be using this one until I settle this. And I am still waiting for Bittrex to reopen registration, gaining experience until it does so.

And of course, I am holding my Steem which is my biggest wallet and investment (in time that is :-)!)

I also wanted to send you my congrats on the way you entered the crypto opportunity and used it to embellished your life !
👍  
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vote details (1)
@nachon ·
very important info.. 👍
liked your post
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@numanahmed ·
Wonderful post. .resteemit done....
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@riyad11 ·
congratulation...ilike this and go ahead.
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@sehrishfatima ·
nice post dear @richq11 Thanks for sharing Resteemed
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@simonjay ·
$0.20
As you said cryptos are a volatile market and not for the faint hearted I lost half the value of some coins I had because Bitcoins price went down but I am not pissed, its the game Rich.
👍  
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vote details (1)
@richq11 ·
$0.03
It's also a good place for the patient... BTC will go back up. I figure it will be pushing $20,000 by sometime next month (if not before). This whole deal with S. Korea smacks of manipulation- I smell Warren Buffet... he's a big enough scumbag to buy off some crook in the govt, just to depress the market. My strategy is to keep a BTC base (right now I have almost 1/2). Then I keep a bit in Bittrex to "play with." I had about $200 in my acct when I got locked out. In 4 months it took to get verified it turned into $1400 (thanks mostly to LTC). If I hadn't gotten locked out I probably would have blown the $200 lol!
👍  
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vote details (1)
@simonjay ·
$0.18
I know when I couldn't move my money on bittrex and because of bitcoin going up I couldn't believe how much I was seeing lol, guess it was maybe a good thing you got locked out for abit, haha yea probably is that Mr Warren Buffet.
👍  
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@triptybarsha ·
I like your economics, best of luck my friend
👍  
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@zahidkhanniai ·
Nice post
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