At the time when Bitcoin cost $30, no one could ever think of the concept that this alternative financial asset could become something that professional brokers would debate about. Lycos Asset had a theory that the Bitcoin, as well as the blockchain technology, would rise but never specified any certain timeframe and it turned out they were right. After its price skyrocketed, everyone wanted to enter this business and trade the digital coins and earn money.
The first few months after the price hit the moon, the crypto trading was one of the most searched topics on Google. But, what is the current situation with this? And what can we expect in the future?
What do you want to achieve?
Although no concrete evidence does not exist, the predictions are that the prices of all altcoins will go up is likely. Still, no one can predict when this will take place. The more important thing you can do is to find out what you are planning to do with these. Since you are reading this, you probably have some bitcoin or altcoins in your wallets but you do not do anything with them. If you want to be a daily trader, this is not the right time, as the prices went down. Still, you can make a decent profit if the big numbers are in the game, but something on the small-scale will not make you rich.
On the other hand, what you can do and it costs you nothing is to stash all the crypto you have and wait for the prices to go up. This is likely to happen, sooner or later, and this is a win-win situation in any case. If you are thinking this way, we can say that you are thinking right. You just need to be patient and not to sell these for a bargain, as the prices will definitely go up.
When did it all start and which altcoins are reputable and likely to succeed?
The first thing to say is that the blockchain technology introduced the endless amount of opportunities for various projects that could be accomplished through this kind of network. The biggest advantage of this technology is that is almost impossible to hack it. This concept, in the beginning, was used at the Dark Web, where millions of criminal activities were performed. Once the case of Silk Road was revealed, people started gaining more interest in the blockchain and virtual payments and that is how the blockchain and the concept of alternative payments came into the public.
Among the most reputable coins, besides Bitcoin, of course, are some other coins that were known only to crypto-enthusiasts. These are: Ethereum (the first altcoin for smart contracts), Ripple (the first crypto coin for banks) BAT (Basic Attention Token that is related to online ads), RedCoin (the first social media crypto coin), Digibyte (aimed for the buying and selling of digital games) and Einsteinum (the coin that is aimed for education). Each of these has a bright future, it is just a matter of time before the blockchain finds its implementation in everyday activities and jobs.