The Biggest “Crypto-Rush” Coming in 2018

There’s no question about who won 2017. It was cryptocurrencies. But, more specifically, it was Bitcoin, which has absolutely exploded.

In 2017, Bitcoin, the one that started it all, went from less than $1,000 a coin to above $19,000 on the Coinbase exchange. Since then, it has pulled back some, but it’s still well above $16,000.

That high represents a better-than 1900% increase in price.

So other than my mother-in-law and niece and garbage man asking if they should get in, I decided to find out if there a trend in bitcoin that wasn’t there before now that people who aren’t typically traders or investors are interested.

What I found was especially interesting because it reminded me of another kind of currency rush…

I have to admit that the recent moves in cryptocurrencies have made me a little nervous. I’m not worried about my own investment as I was able to get into Bitcoin at next to nothing.

I’m worried about my family, friends, and even strangers who are asking me about it. My concern stems from what I’m seeing in the two charts below.

PPT Chart1

Everyone has seen the first chart, but the other one very few have seen…

Notice the volume at the beginning of the year and the volume at the end. The big interest at the beginning of the year came as it crossed above $1000. The more recent interest was due to its exponentially growing valuation and all the positive news it had been receiving – from its growing ubiquity and number of partners to offerings from the CME (Chicago Mercantile Exchange) and CBOT (Chicago Board of Trade) to trade Bitcoin futures.

If this isn’t legitimizing Bitcoin as a currency, a mainstream one at that, then I don’t know what is.

Most technical traders would admit that the combination of rising volume and rising prices makes for a bullish pattern. Although this isn’t a regulated security, it’s possible that the rules could be thrown out here.

So, aside from telling my Uber driver what I do for a living and having him ask me if he should get into cryptocurrencies, is there a trend in Bitcoin that wasn’t there before now that people who aren’t your typical traders or investors are interested?

There’s one way of finding out, and that’s with my favorite website: Google, which, incidentally, just handed us our 68th double of the year.

PPT Chart2

The chart above comes from Google trends on Bitcoin. What we see here is the interest over the year. Interest started trending in September with a huge pop in November. This interest trend tells us that the Internet has really spread the word about Bitcoin.

As I mentioned earlier, my investment was next to nothing. My cost of entry was a computer and some education on mining back in 2013, so I literally own my Bitcoins at zero.

I mined Bitcoins out of the garage of my house with my son keeping tabs on the computer. We were part of a mining pool, meaning I pooled resources with others and as we found tokens, we shared in the rewards. From there, I deposited my coins in Coinbase.

I have long since gotten rid of the Bitcoin mining computer. My wife had a problem with the garage being 90 degrees all year long with all the heat coming off the processors. For a while afterward, she would let everyone know her displeasure with my Bitcoin mining project.

Fast forward to now, and she doesn’t mind it as much with the current prices of Bitcoin.

Mining for almost no cost means I currently have nothing at stake. If you were to set up a mining machine, it would cost much less than shelling out almost $20,000 for a coin.

That way, you would have no greed or fear in this area. You could hang onto it for as long as you wanted – through any ups and downs. Bitcoin could become a multitrillion dollar cap, or it could be deemed illegal by world governments. Either way, you wouldn’t lose any capital.

The blockchain technology behind cryptocurrencies like Bitcoin is here to stay, so as companies that play a role on this technology become public, I will be looking at these as future trades or investments.

As far as Bitcoin goes specifically, my gut feeling is that, based upon the positive feedback and the addition of futures, this currency is also here to stay.

Regarding the rest of the pack, I have looked at Ethereum and Litecoin. I’ve even checked out SparkleCOIN. Even though the price points are much easier to stomach, they all seem riskier than Bitcoin.

Remember, just because it’s cheaper doesn’t make it less risky. Bitcoin is the foundational token; therefore, it will always have some kind of branding value. The others, especially SparkleCOIN, which is the newest coin with hype, have much more risk due to being much newer.

Sparkle is offering what is called an ICO (initial coin offering). That means between now and December 21, anyone can purchase SparkleCOIN for $35 a token before it goes “public.”

If this were truly a regulated instrument, it might be great to get into something that hasn’t started being mined, yet. But the fact that there will be thousands of these different “coins” coming out soon, makes me wonder just how long some of these will last. And there’s always something newer on the horizon…

Whatever your decision in this area, I have always been told that in the height of the Gold Rush, the only ones who actually made money were the sellers of pick axes and shovels. In a sense, all gold was fool’s gold.

But the ones who supplied the tools for people chasing metaphorical “gold tails” were the real ones who found a fortune.

That’s why I believe that the “pick axe and shovel” of Bitcoin and other cryptocurrencies will be the blockchain technology. It’s the technology or tool that allows the currency to exist. It allows others to chase a new “gold tail.”

Blockchain and cryptocurrencies might be here to stay, but there’s always something new, and that’s what I’m looking toward. And by the end of 2018, it could be even bigger than cryptocurrency is now.

Now, at the end of the day, we all know that cryptocurrencies are the most volatile assets to hold. And while you can become wildly rich by making the right move at the right time, you’ve gotta be lucky.

And when it comes to making consistent returns in the markets, I want to rely on much more than luck. That’s why I developed a simple strategy that gives you the opportunity to collect money every 15 days on average.

You could start with, say, a modest $12,000 and potentially end up with $162,000 a year. Even better, it takes only 10 minutes a week to start collecting any profits. And at the rate it’s been going, it adds up to $162,000 every single year.

It’s the most surefire way to pick up extra cash in 2018. Go here now to find out how it works.

To your continued success,

Tom Gentile

12 Responses to “The Biggest “Crypto-Rush” Coming in 2018”

  1. In my research and experience the Ethereum technology is easier to use and faster than Bitcoin. Getting in now is like getting into Bitcoin one year ago. Ethereum has fractional transaction cost and has much faster confirmation times. I can see ETH at the very least meeting Bitcoin and possibly beating it out.

  2. Since last year I’ve been interested in crypto currency and now I’m learning more about them in how to invest short , medium and long term . I’m looking forward to your emails and videos .
    Thank You very much for sharing them with us .

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