For the fourth weekend in a row, you’ll be hearing me say – don’t panic; and for the fourth week in a row, you will see that come next week many of you will be kicking yourself in the butt saying – why didn’t I buy this coin when it’s down.
In case you haven’t already noticed, the market takes a bloody shower once a week. It’s volatile but predictable. My baby Litecoin has been doing me proud. I recommend that coin a month ago and I’m going to say it again – go buy Litecoin.
Today, I want to talk about the market for next week. Many people are holding out on Bitcoin because of the impending fork. Naysayers on forums are forecasting doomsday level catastrophe for Bitcoin, and to them I want to ask – where do you get that analysis from?
From where I’m looking at, Bitcoin is gaining more recognition in the mainstream market today as the next best thing to stored value since they found gold. The limited supply, the decentralize nature of cryptocurrency, makes Bitcoin even more valuable in times of financial market uncertainty. Right now, only a tiny fraction of the world’s population have their hands on Bitcoin, and if all signs are showing that crypto is going mainstream, then Bitcoin is going to only go up in value with experts saying that it might hit 5k by the end of this year, and 55k per Bitcoin by 2022.
The rich folks are already throwing money into Bitcoin so that’s a no-brainer right there, but what about the average Joes who can’t afford to buy even one Bitcoin, even when the prices are down? That’s when I say – get on Litecoin. I don’t’ foresee Litecoin ever surpassing Bitcoin in the near future, but it does provide lots of growth opportunities for people with smaller pockets. After all, it’s better to make some money than none at all. The worst thing you could do for yourself is not act on any of my advice.
I foresee the market to be sluggish the weeks leading up to 1st August, which is a good time to get in if you have some spare cash lying around. I would say do yourself a favour and stay away from dodgy coins and instead put your on coins with some solid foundation. One particular coin I want to talk about is Ark. They have done some remarkable work and has also recently announced a collaboration with Ledger hardware wallet making it one of the few coins to be natively supported by Ledger along side more well known names like Bitcoin, Ethereum, Litecoin, Zcash, Dash, Ripple and Stratis.
I wish you guys the best in your trading and mining.
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