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Cyptocurrency news from Top 100 on Coinmarketcap

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cryptocurrency latest news

One place for all the Top 100 Cryptocurrency news in a snapshot.  Subscribe to receive hand picked weekly news from crypto/blockchain space that matters in the long run.

1. Bitcoin

Stakes For Bitcoin Are Highest Since The 2017 Bubble
bitcoin
Bitcoin’s chart is at a crucial area. Stuck between lower highs since 2017 but higher lowers in its long-term trend, and the heralded “havening” around the corner, bitcoin speculators expect King Crypto to be on the verge of a monster move higher. But if bitcoin serves the purpose that true believers think it will, the next big move is likely to be lower

Read it Here.

2. Ethereum

RSK Launches Interoperability Bridge Between Bitcoin and Ethereum
Ethereum ETH ETF
The parent company behind the bitcoin-based smart contract platform RSK has launched a token bridge joining it to ethereum.
Read it Here.

3. Ripple

Ripple latest updatesRipple Co-founder Jed McCaleb Sold a Billion XRP and has 4.7B left
McCaleb has another 4.7 billion XRP left to sell, equating to around 5% of the total supply. At today’s prices, the hoard is worth more than one billion U.S. dollars, dwarfing the $135 million Whale Alert estimates he has made via XRP sales to date.

Read it Here.

4. Bitcoin Cash

bitcoin cash latest updatesUS Judge Dismisses Bitcoin Cash ‘Hijack’ Lawsuit Against Bitmain, Kraken
A U.S. court has dismissed a lawsuit accusing bitcoin cash proponents including Bitmain, Bitmain co-founder Jihan Wu, Kraken, Kraken founder Jesse Powell and Roger Ver of manipulating the cryptocurrency’s price during a 2018 hard fork that created bitcoin SV.
Read it Here.

5. Bitcoin SV

bitcoin sv latest updatesWill Genesis upgrade signal the beginning of the Bitcoin financial powerhouse?
An article about the recent BSV Genesis hard fork by ZDNet is causing quite the stir in the crypto industry. The piece describes the network upgrade as a new beginning for Bitcoin.

Read it Here.

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6. Litecoin

Litecoin latest updatesLitecoin in bullish territory with break out above $70
Litecoin is on the brink of overtaking Tether in terms of market cap following a 24-hour surge of 6.5%.

Read it Here.

7. Tether

Tether Burns $102M: Is Bitcoin’s Rally Almost Over? Tether latest updates
Tether Treasury has just completed one of its most significant USDT burns ever. 102,155,590 USDT was reportedly just redeemed and then destroyed.

Read it Here.

8. EOS

Eos latest updatesIOTA, EOS, XLM, ADA – 4 ‘Bitcoin Contenders’ With Zero Use Cases and Barely Any Infrastructure
Over the last few years, many holders believe the assets they hold are bitcoin contenders with coins like IOTA, EOS, ADA, XRP, and XLM being popular choices. However many of these cryptocurrencies see very little use and have seen their price values slashed enough to make any holder cringe.

Read it Here.

9. Binance

binance logoMysterious ‘Binance Cloud’ Launching in 10 Days, CEO CZ Hints
In a wide-ranging ask-me-anything (AMA) on Feb. 7, Binance CEO Changpeng Zhao announced big plans for the cryptocurrency exchange in 2020. One of the most imminent and least explained was the hinted arrival of a new product called Binance Cloud, which will reportedly be unveiled in the next 10 days.

Read it Here.

10. Cardano

Cardano Latest UpdateCharles Hoskinson says a lot is happening underneath the surface for Cardano (ADA)
According to Charles Hoskinson, the CEO of IOHK, the fruits of almost five years of labor will see the light of day in the next few months, marking the beginning of the end of IOHK’s involvement with the project.

Read it Here.

11. Tezos

Tezos Latest UpdatesTezos Spikes 30% in 4 Days With Strong Fundamentals, What’s Really Behind the Rally?
Tezos has been in sparkling form of late, having posted strong gains throughout February. But today sees a slight dip to $1.98 at the time of writing.
Read it Here.

12. Tron

It happened: Tron founder Justin Sun dined with Warren Buffett
Tron founder and CEO Justin Sun’s hotly-anticipated meal date with billionaire investor Warren Buffett has been served.
Read it Here.

13. Stellar

stellar latest updatesStellar Lumens XLM is now available for Buys at the ATMs in the United States
CoinFlip is now offering its customers the opportunity to purchase Stellar Lumens (XLM) at the ATMs.

Read it Here.

14. Monero

Monero Latest UpdatesJapan Convicts Cryptojacker Who Misled Victims Over Monero Mining
A Japanese court has demanded a man who infected website visitors with cryptocurrency mining malware face justice — after acquitting him.
Read it Here.

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15. Ethereum Classic

Ethereum Classic Latest UpdatesEthereum Classic defies gravity with 17% growth
ETHC/USD gains 14$ on a day-to-day basis amid improved market sentiments.
Read it Here.

16. Dash

17. Chainlink

Chainlink Latest UpdatesChainlink (LINK) On A Target To $3.50 USD As Flight Insurance Company Integrates The Blockchain
Etherisc, a decentralized insurance platform, integrates Chainlink oracles “for decentralized flight insurance products.”
Read it Here.

18. Huobi Token

Huobi Latest Updates

19. UNUS SED LEO (Bitfinex)

Bitfinex latest updates

20. Cosmos

Cosmos Latest UpdatesWhat Is Going On With Jae Kwon and Cosmos?
“If something should happen to me, be critical and share your opinions respectfully. But everything I’m doing is in fact making me a target,” Jae Kwon, the main architect of the Cosmos protocol, wrote on Twitter
Read it Here.

21. Neo

Neo Latest UpdatesNEO Increased by More Than 10 Percent in a Single Day: Is This a Sign of Things to Come?
After a long period of consolidation, the NEO price created a bullish engulfing candlestick on February 2.
Read it Here.

22. IOTA

IOTA Latest UpdatesIOTA FOUNDER THREATENS FOUNDATION WITH LEGAL ACTION OVER 25M TOKENS
Sergey Ivancheglo, an early founder and lead developer of IOTA, has made a very public announcement on Twitter over yet another fallout with co-leaders of the project.
Read it Here.

23. Crypto.com Coin

crypto.com coin latest updatesCrypto.com Reduces Withdrawal Fees on 12 Cryptocurrencies
Reduced withdrawal fees Includes some of the most popular coins – BTC, ETH, and LTC

Read it Here

24. Hedge Trade

Hedgetrade Latest Updates

HedgeTrade: The Rank 23 Cryptocurrency You’ve Never Heard Of
For a token that is backed by a company that was only founded last year, HedgeTrade’s rise to the top 40 cryptocurrencies is surprisingly fast.
Read it Here.

25. ZCash

Zcash latest updatesZcash Is Now on Binance Futures With New Perpetual Contract
Binance’s futures platform is launching a Zcash (ZEC)–Tether (USDT) perpetual contract with maximum leverage of up to 50x.
Read it Here.

26. Maker

Maker Latest Updates

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27. Ontology

Ontology Latest UpdatesOntology (ONT) and Ontology Gas (ONG) Added to the Exmo List
Exmo is ecstatic to announce the addition of two new assets to their cryptocurrency platform i.e. Ontology (ONT) and Ontology Gas (ONG).
Read it Here.

28. USD Coin

USD Coin Latest Updates

29. Nem

Nem Latest Updates

30. Vechain

Vechain latest UpdatesVeChain cooperates with ShareRing – VET becomes a payment method in the sharing economy
As part of a cooperation with the blockchain start-up ShareRing, the VeChain Token (VET) will be used as a means of payment in the sharing economy.
Read it Here.

31. Basic Attention Token

Basic Attention token latest updatesBrave Browser Releases New Desktop Interface Version (V 1.3.113.)
Basic attention token’s (BAT) based Brave browser announced the release of the desktop version of its Browser dubbed as V 1.3.113.
Read it Here.

32. Doge Coin

Dogecoin Latest updatesDogecoin (DOGE) Exhibits an Impressive Independent Trade

The current trading price is beyond doubt hinting towards having a fresh, relaxed uptrend soon.
Read it Here.

33. Kick Token

Are the KICK Tokens Part of a Data Harvesting Ploy?
A lot of Ethereum users have tokens they hardly ever look at. Most of these offerings are random airdrops, yet the KICK tokens are suddenly rising in value.

Read it Here.

34. Qtum

Qtum Latest UpdatesUnbound and KeyFi Form Strategic Partnership to Redefine Crypto Key Management for Non-custodial Pooling of Digital Assets

The initial solution released under this partnership enables institutional-grade key management for continuous and automated staking of the QTUM cryptocurrency and will quickly expand to support other crypto assets and value-added services.
Read it Here.

35. Decred

Decred Latest UpdatesAfter Four Years, Is Decred Better than Bitcoin Yet?

Decred, a hybrid Proof of Work (PoW) and Proof of Stake (Pos) crypto network, turns four today. And unlike the average, fickle altcoin project, Decred’s message has been clear since 2016: Be a better Bitcoin.
Read it Here.

36. Bitcoin Gold

BitcoinGold Latest Updates

37. FTX Token

FTX token latest update

38. Paxos Standard

Paxos Standard Latest Updates

39. Icon

Icon ICX Latest UpdatesNext big deal for Chainlink: ICON implements Oracle technology
Chainlink has convinced another big name in the blockchain industry of its decentralized Oracle technology and has gained ICON (ICX) as a new partner.
Read it Here.

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40. Ravencoin

Ravencoin Latest UpdatesMost important update of Ravencoin completed
Ravencoin completed an update that will add new features to its blockchain.
Read it Here.

41. Lisk

Lisk Latest updatesLisk Strives to Bridge the Gap Between People and the Global Economy
One of the most prominent features of Lisk is its utility token LSK, which helps the customers to pay for transaction fees on the Lisk blockchain.
Read it Here.

42. Augur

Augur Latest UpdatesAugur Prediction Markets Show Trump Wins the US 2020 Election

Cryptocurrency participants are currently wagering their digital assets on the election outcome, where the odds on prediction markets and betting sites indicate Trump will likely win.

Read it Here.

43. 0x

0x Latest Updates

44. Algorand

Algorand Latest UpdatesAlgorand donation boosts Code Cayman’s tech education
The donation by Algorand, which has a subsidiary in Cayman’s special economic zone will, among other things, enable Code Cayman to deliver a cryptography course.
Read it Here.

45. Synthetix Network

Synthetix Network Latest UpdatesSynthetix Launches GrantsDAO
Synthetix, the permissionless derivatives protocol, has officially launched GrantsDAO. The decentralized autonomous organization (DAO) is responsible for approving and denying grant proposals for any tangible contributions to the Synthetix ecosystem.
Read it Here.

46. OmiseGo

Omisego Latest UpdatesQuantstamp completes OMG Network security audit
We’re happy to announce that Quantstamp has completed the security audit of the OMG Network’s More Viable Plasma (More VP). This is the second time Quantstamp has audited us: our first audit with Quantstamp took place in Nov 2018 in which their security engineers reviewed More VP’s predecessor, Minimum Viable Plasma.
Read it Here.

47. OKB

OKB Latest UpdatesRecord 24.9% Up – OKB Expanded Storage Support and Trading Channel in January

OKEx (www.okex.com), the world’s largest cryptocurrency spot and derivatives exchange, announced the release of the latest monthly report of OKB, its global utility token, for Jan 2020.

Read it Here.

48. ZB Token

ZB Token Latest Updates

49. Bitcoin Diamond

Bitcoin Diamond Latest Updates

50. True USD

TrueUSD Latest Updates

51. Holo

Holo Token Latest Updates

52. Nano

Nano coin latest updatesV21 Athena — Feature Review

Taking inspiration from the Greek Goddess Athena — a symbol of wisdom popularly depicted on coinage from the classical Greek era — V21 of the Nano node will feature considerable improvements to the quality of network information shared by nodes and more intelligent use of network resources.
Read it Here.

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53. Monacoin

Monacoin Latest Updates

54. Multi-Collateral DAI

Multi Collateral Dai Latest Updates

55. Waves

Waves launches non-profit organization in GermanyAnnual stats for the Waves network:
Waves Association has been established in Frankfurt, Germany as a non-profit organization, with the chief goal of promoting the Web3 paradigm and stimulating development of decentralized technologies, including public and private blockchain protocols.
Read it Here.

56. Bytom

Bytom Latest Updates

57. Theta

Theta coin Latest updates

58. Hyper Cash

Hypercash Latest updates

59. Swipe

Swipe Coin Latest UpdatesSwipe(SXP) to launch on DigiFinex
Swipe to launch DigiFinex
Read it Here.

60. Enjin Coin

Enjin Coin latest UpdatesChiliz and Enjin Partner, Non Fungible Tokens To Get Boost
Chiliz and Enjin announced a partnership on Feb 6, to collaborate on creation of branded digital collectibles (otherwise known as Non Fungible Tokens) for the sports and entertainment history.
Read it Here.

61. Bittorrent

Bittorrent Latest UpdatesBTT Goes Live on Poloniex; Exchange Launches BitTorrent Trading Tournament
Poloniex, has announced the addition of BitTorrent currency on its network.
Read it Here.

62. Nexo

Nexo Coin Latest UpdatesNEXO promotes Gareth Collyer to sales and marketing director
NEXO has promoted its UK sales manager of 10 years, Gareth Collyer, to the international position of sales and marketing director.
Read it Here.

63. V Systems

64. Kucoin Shares

Kucoin Latest updates

65. Nervos Network

Nervos Network token Latest updates

66. Digibyte

Digibyte Latest UpdatesDigiByte (DGB) Now Available on Flyp.me
Flyp.me, the accountless Crypto Exchanger has recently announced the listing of DigiByte (DGB) on its platform.
Read it Here.

67. Komodo

68. MCO

MCO coin latest updates

69. Horizen

Horizen Sidechain Extended Whitepaper: Zendoo: A Zk-SNARK Verifiable Cross-Chain Transfer Protocol Enabling Decoupled And Decentralized Sidechains
Horizen presents the world with another evolutionary proposal in its latest whitepaper: Zendoo, a universal construction for Bitcoin-like blockchain systems that allows the creation and communication with sidechains of different types without knowing their internal structure.
Read it Here.

70. Sia Coin

Siacoin Latest Updates

71. Bitshares

Bitshares Latest UpdatesBitShares Announces Completion of Deep Data Integration With Nomics
Nomics, a provider of cryptocurrency market cap and pricing data, announced on Thursday it has completed its deep data integration with U.S.-based cryptocurrency exchange BitShares.

Read it Here.

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72. IOST

IOST Latest updatesIOST and Klaytn Chrome extension DApp wallet Jetstream has launched

Jetstream, a Chrome extension wallet that allows users to interact with web-based DApps on IOST and Klaytn, as well as make token transfers is now live.

Read it Here.

73. DigixDao

Digix Dao Latest Updates

74. Molecular Future

Molecular Future Latest Updates

75. Zilliqa

Zilliqa Latest Updates

76. Verge

77. Zcoin

Zcoin Latest Updates

78. Steem

Steem Latest updates

79. Bytecoin

Bytecoin Latest Updates

80. Terra

Terra coin latest updatesLeveraging Stablecoin Seigniorage with Terra and Luna

In order to peg a stablecoin to a fixed fiat price, it needs to be collateralized in one way or another. While the established methods for issuing stablecoins have some disadvantages, Terra uses a dual-token approach that both guarantees collateralization and liquidity.
Read it Here.

81. Aeternity

Aeternity Latest Updates

82. Kyber Network

Kyber Network Latest UpdatesWith Staking on Horizon, Kyber Token Holders Accumulate

Kyber Network’s native token is up 11% in the last four days. With staking set to go live this year, potential tailwinds indicate that Kyber could become a force to reckon with in the months to come.
Read it Here.

83. Seele

Seele Latest Updates

84. Hedera Hashgraph

Enterprise-Grade Public Distributed Platform Hedera Hashgraph to Use Armanino’s DLT Assurance Tech Platform, TrustExplorer
Hedera Hashgraph, an enterprise-grade, public distributed ledger technology (DLT) platform, recently confirmed a strategic partnership with Armanino LLP, one of the largest accounting and business consulting companies in the United States.

Read it Here.

85. IExec RLC

Iexec Rlc Latest UpdatesIEXEC AND CHAINLINK BE A PART OF FORCES: IN THE DIRECTION OF THE WAY FORWARD FOR DAPPS?
The iExec (RLC) and Chainlink (LINK) tasks have simply introduced their collaboration to foreshadow collectively what would be the decentralized purposes (dApps) of tomorrow.
Read it Here.

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86. Centrality

87. Decentraland

Decehtraland Latest Updates

88. Ardor

Ardor Latest UpdatesInterview with Jelurida Director Lior Yaffe on the state of Nxt, Ardor, Ignis and what’s in store for the future of blockchain

Lior talked about topics including the current state of Jelurida’s blockchain technology and why a developer should consider Ardor over Ethereum.
Read it Here.

89. Matic Network

Matic Network Latest UpdatesZawadi Announces Cooperation with Eventbrite Powered by Matic
From Zawadi, they said they have been working together with the Matic Network team during the last two months in order to make a tokenized mobile ticket delivery system that can be integrated with some of the most popular ticketing platforms in the world.
Read it Here.

90. Status

Status coin Latest UpdatesStatus Network’s Nimbus to run the Ethereum 2.0 testnet on mobile devices

The Nimbus team is now preparing to deliver and participate in a multi-client network.
Read it Here.

91. Aelf

92. Quant

Quant Latest Updates

93. Ren

94. DXChain Token

95. ABBC Coin

96. Maidsafe Coin

Maisdsafe Coin Latest Updates

97. Golem

Golem Latest Updates

98. RIF Token

Rif Token latest Updates

99. Energi

Energi latest Updates

100. Grin

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Thank you for reading and sharing this article.  You can highlight any text on this page to share on social media.

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

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All Roads Lead to $100K Bitcoin: Various Perspectives that Support $100K BTC

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Bitcoin to 100K

Bitcoin to 100K

There are a lot of theories in the crypto space that argue that Bitcoin will reach $100,000 before the next halving.  Some even argue that we could reach that price point before the end of 2021.

Here we have compiled a few perspectives that support a higher price point for Bitcoin.

IF we missed any, please let us know and we will be glad to add it for others to read.

Bitcoin’s ability to reward savers

If you saved $100,000 throughout 2017, today its value would have been $94,000, a total loss of 6% due to inflation. That is without considering the fees and hidden charges that institutes charge.

Even if you invested in the S&P 500 for 12 months at $8333 each month throughout 2017, your portfolio value today would have been $110,000.

If you saved $100,000 in Bitcoin throughout the 2017 (prices ranged from $920 through $14,000 during Jan 2017 through December 2017).  For the purposes of this comparison we are using the last week prices from each month as available on Coinmarketcap historical snapshots.

$100,000 invested in equal amounts throughout 2017 would look something like this.

Bitcoin to 100K

Since 2017, Bitcoin price has crashed and rebounded.  At the lowest point of the crash of $3000 per bitcoin, your portfolio value would have been $144,000.

In today’s average price of $16000 per bitcoin, your $100,000 savings would have been worth $770,000.

Due to its increasing demand and reducing supply, Bitcoin is expected to reach $100,000 in the next 4 years. Some models show that bitcoin will be worth $1 Million by 2030.

Only time will tell us whether bitcoin reaches these prices or not, but point being, no other asset of any class has crazy growth predictions like Bitcoin has.

Stock-to-flow ratio

According to Plan B, Gold had the highest stock-to-flow (SF) ratio of 62.  That is, it will take 62 years to produce the gold that is currently in the market.  In other words, you cannot willy-nilly inflate the supply in a year or two due to how scarce gold is and how difficult it is to find and mine it.

Current SF for Bitcoin is 25, however, by the end of 2020 or 2021, this could jump to 50.  By the next halving in 2024, Bitcoin could surpass the SF of gold.

According to Plan B, “The predicted market value for bitcoin after May 2020 halving is $1trn, which translates in a bitcoin price of $55,000. That is quite spectacular. I guess time will tell and we will probably know one or two years after the halving, in 2020 or 2021. A great out of sample test of this hypothesis and model.”

However, following the trajectory of Plan B’s SF analysis, Bitcoin could easily reach $1 Million dollars by 2030, according to some commenters.

Stimulus and unlimited printing of fiat

COVID has exposed another flaw in the fiat system.  It is that governments can print as much money as they wish whenever they wish to do so.

Whenever governments resort to simply print money without having a basis in asset value or growth in GDP, it erodes the value of the fiat in circulation.

This is what happened to Argentina, Venezuela, Zimbabwe and more.  

The US dollar has lost over 99.97% value since 1900.  For instance, whatever you could buy with $1 in 1900 will need $31 today.

COVID has added salt to the wound for fiat.  It exposed the blatant fact that governments can and will print money to their whim without regard to the inflation and impact on savers.

This increased supply in fiat helps stock market and market liquidity which in itself helps people who are invested in the stock market and other vehicles which is generally the wealthier part of the society.

Other factors strengthening the crazy Bitcoin price predictions

  • Institutional FOMO, for instance, Square, PayPal, Grayscale, etc., entering the market
  • Easier onboarding of new retail investors
  • Greater technologies and DApps being built on Bitcoin 
  • Great DeFi services to lend and borrow money
  • Globally accepted single denomination that does not need to be converted in the future (with enough places accepting bitcoin)

What other factors do you think will contribute to Bitcoin’s shooting past the $100,000 barrier?

Let the FOMO begin…

Thank you for reading and sharing this article. We appreciate you.

Stay safe and healthy!

Top 5 Cryptocurrencies 2020

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

 

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Crypto Roundup: All Your YouTube Influencers in One Place

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Crypto Roundup

Visit our Crypto Roundup section daily for a dose of all your favorite Crypto YouTube influencers in one place.    

Worried about missing updates from your favorite YouTube crypto influencers?  

Welcome to the Crypto Roundup.  

On this page, we will post a quick summary of the videos from some of the most popular YouTube crypto influencers.

Ivan on Tech  Altcoin Daily

Crypto Zombie Box Mining

Ellio Trades Lark Davis

Data Dash Bitboy Crypto

MMCrypto Chico Crypto

Altcoin Daily

Video title: Bitcoin Will Be OVER $20,000 By Christmas 2020! BIGGEST WEALTH SHIFT OF OUR LIFETIME! Cryptocurrency

Date: 19-Nov-20

  • World’s biggest wealth shift of our lifetime is happening right now and no mainstream media is talking about it, except CNBC.

  • Preston Pysh predicted on August 26th that: “Bitcoin should be reaching its all time high by Christmas.”

  • If you are looking to buy a dip, there may not be one.
  • Ricardo Salinas Pliego, a mexican billionaire, has just revealed that 10% of his liquid assets are into bitcoin.

Lark Davis

Video Title: STOCKS HIT NEW HIGHS! WILL COVID VACCINES LEAD TO MEGA PUMP IN 2021? [Are You Ready?]

Date: 19-Nov-2020

  • Stock markets and bitcoin pumps higher on the news of the second successful covid vaccine.
  • There could be more chances for the new stimulus. Means more inflation, more debt and simultaneously pumps stocks, gold and bitcoin.

Crypto Zombie

Video Title: BITCOIN $18.5k TOP!!?! DON’T BE FOOLED!! HODL FOMO BEGINS!!! $TRILLIONS FLOOD!!

Date: 18-Nov-2020

  • Overall sentiment of Bitcoin has changed drastically from ICO craze in 2017 to a time where people are FOMOing to own more bitcoin.

Ivan on tech 

Video Title: BIG WARNING TO ALL HODLERS!!!!!!!!! DO NOT GET REKT!!! BITCOIN $18,500 REJECTED – NOW WHAT?

Date: 18-Nov-2020

  • Ivan expects bitcoin to shoot past $20K resistance before end of this year, giving it 85% probability

Chico Crypto

Video Title: World’s Most Powerful Turn BULLISH on BITCOIN

Date: 19-Nov-2020

  • All those who hold big bags of Bitcoin will come out of the shadows to talk up the Bitcoin rally, a $20K bitcoin could be on the cards before the end of this year
  • Ethereum mining could act as a big catalyst for Ethereum’s price
  • Big companies like google could play a bigger role in mass adoption of crypto

Let the FOMO begin…

Thank you for reading and sharing this article. We appreciate you.

Stay safe and healthy!

Top 5 Cryptocurrencies 2020

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

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Lessons from the Veteran HODLERS to the Newbies!

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Lessons in Crypto

For all those who entered the crypto market after the 2017 bull run – here are few lessons from the HODLERS from the last bull run(s).

This is our attempt at making all you newbies aware of the mistakes veteran cryptoers did.

Let’s get started…

Don’t FOMO in to all the hype

FomoIt’s hard not to FOMO in crypto.  The trick is to make sure you don’t lose your shirt in crazy bets.  Always limit your bets to what you are comfortable losing.

The common ways you can become victim of FOMO are:

  • Following your favorite YouTuber without actually doing your own research on the project.
  • Investing into projects at the top.
  • Believing in promises of 100x or 1000x without any substance behind those claims.

HODLing far too long

Remember why you are into crypto – to make the money.

Never fall in love with your crypto, and HODL the tokens even when they are 10x and more.

Have a strategy to take your capital out before you become a HODLer.  

If you believe the project really has what it takes to go beyond 100x and more, just sell in instalments so as to not miss the ride.

One of the best ways to HODL is to take your capital in full and profit in tranches.

This rekt story will give you a right perspective of what it looks like, it’s one of many:

Don’t put all your eggs in one basket

Never go all in on one project. No matter how strong the project may look, even the projects with strong fundamentals don’t do well sometimes. 

And, you will be kicking yourself watching other projects go up and your portfolio just doesn’t seem to make a move.

And don’t over do it and have a portfolio with over 100 projects either. It is very difficult not to have invested in more than 15 projects but anything less than 20 is a good way to go, in our opinion. 

Put aside the share of Profits for Taxes.

One way you can get a good night’s sleep is by paying taxes. 

Always keep a habit of putting aside a % of your profits in USDT or other stable coins, as a reserve to take advantage of market volatility and also to meet your tax obligations. 

Exchanges are more evil during bull run

Foreign ExchangesDon’t trust exchanges. Yes we already know that, but they play more games during bullrun, some intentional and some technical. 

Many exchanges tend to go under maintenance when the prices shoot up too high too soon (Coinbase?), and you can’t sell. 

And the shady exchanges scam out before you know.

Regulators seem interested when the market cap of these projects goes through the roof, which then adds FUD around the project crashing the prices.  

Exchange may freeze funds pending investigations when such issues arise.

Take for example OKEx. Users are unable to withdraw their assets from the exchange for almost a month now, not certain if they ever will, and all that started with the legal dispute.

Never fall for Arbitrage gains

Arbitrage is when you buy in one exchange at a lower rate and sell on the other for a higher rate to take some profits. 

Some shady exchanges show a lot higher prices than the other genuine exchanges and when you deposit your assets to sell at those prices there won’t be actual volume to execute the trade. You may be stuck with either a high fee for withdrawal or other funky rules to take your own money out. 

Remember, there is no free Giveaway

Free CryptoScammers rise with the rising market.  

When the crypto market buzzes with all time highs – scammers cash in big time on newbies.

The most lucrative scam in crypto is ‘Free Giveaway’. Whether it be through YouYube ads or discussion groups and wherever they can get your attention.  Read this article on various sophisticated scams that are being deployed.

We hope these lessons help you through your trades and crypto life.  Stay safe and always DYOR.

Thank you for reading and sharing this article. We appreciate you.

Stay safe and healthy!

Top 5 Cryptocurrencies 2020

IMPORTANT DISCLAIMER

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