Last week, we addressed the fact that the crypto market has taken a dip. We knew a pullback like this would be imminent, as there is no way any market could withstand such rapid growth in a short period.
The good news is it will be temporary. But bumps like this will be par for the course this year and beyond… so if you’re in it for the long haul, you’ll need to “buckle up”…
Nervous money will continue to flow in and out as governments and regulatory agencies around the world navigate this uncharted territory. We’ll see prices ebb and flow as a result. But these seemingly significant peaks and troughs will ultimately have little bearing on the broader upward trend of bitcoin and the smaller cryptocurrencies in its wake.
Right now, we have an excellent opportunity to step back and gain some much-needed perspective on what’s happening…
Bitcoin had a spectacular rise at the end of 2017. I initially predicted it would hit $10,000 by year end. At the time, my modest prediction seemed outrageous to some people. But bitcoin ended up hitting north of $20,000.
The total value of the crypto market ballooned to nearly $500 million on the heels of rising prices… so it’s no surprise that the market would slow down after such a meteoric rise.
And while mainstream attitudes about cryptos may feel frenzied or panicked, you can rest assured… because our Crypto Asset Strategies portfolio continues to go up.
My latest pick, RaiBlocks, is up more than 25% since my recommendation last week. OmiseGO is up 106%… Ark is up 112%… and Vertcoin is showing a 16% gain.
Our entire portfolio is up an average of 65%… and I believe that each of these coins will see a substantial rise in value over the coming weeks and months.
As I mentioned last week, the strong hands will hold, and the weak will shake out. It’s the nature of markets. We’re making a bet on the future of money here. And we’re staying long. This will always be our approach in Crypto Asset Strategies.
For additional perspective on the crypto markets, please check out my new bi-weekly video update called Crypto Monitor. (Watch below.)
Every other week, Andy and I will convene to discuss the latest news, developments and headlines in the crypto space. These video segments will be 15 to 20 minutes long and easily digestible… I highly recommend tuning in to keep abreast of our investment thesis as news develops.
Good investing,
Adam
P.S. If you haven’t already claimed your free $250 of bitcoin, please do so soon! My team will be closing this giveaway for new subscribers on March 1, 2018. All you need is a valid bitcoin wallet. For step-by-step instructions, click here. If you’ve already claimed your bitcoin, no further action is necessary.