Will cryptocurrencies skyrocket in 2020?
Will Bitcoin and cryptocurrencies prices skyrocket in 2020? That’s a good question!
In matter of digital asset, cryptocurrencies exists since 2009 and we are actually reaching an important phase: the Bitcoin halving, on may 2020. This could represent the key event to going towards a concrete stabilization of the whole market: We believe the time is ripe for all this!
According to the analysis made with the previous cycles, Bitcoin and cryptocurrencies are more estimable in term of price action.
We are a cryptocurrencies forecast website, and our goal is to follow the market mainly keeping an eye in adoption of technologies instead of technical analysis, but we are convinced that the halving could repropose a big spike as we seen on 2017.
Apart from this, we mainly focus on three points:
- Technology adoption
If blockchain is the future, more and more people will be involved in it.
More Bitcoins, more cryptocurrencies, more value for the market and prices going to increase.
- International acceptance
Governments, banks, institutes investing in blockchain technologies. Something like Petro in Venezuela and Estcoin in Estonia. Cryptocurrencies and blockchain represent the “base” of future money.
- Media spotlight
Who placed lots of investors in late 2017? Media, of course.
Media will be inevitably tipping the scales on this market.
So… is 2020 the golden year of cryptocurrencies?
Nope. or I mean… nobody knows.
Given the current situation, it is best to know how to make money with criptocurrencies.
So let’s focus on that.
How people make money with the cryptocurrencies market
Almost one year ago in july (2017) I become aware of Bitcoin and “cryptos”. I was excited about a new technology that reinvents money and make people potentially rich without any particular effort.
Great! But I was not really informed at the time.
So I started to document and discover any single aspect on how cryptocurrencies really works. That’s a new market and that period, represented for me (as well as many investors) an ambitious stance and investing some money was a short trip.
I relied on cryptocurrencies with high capitalization like (Ripple Cardano, Litecoin, Ethereum and obviously Bitcoin), so I built a personal portfolio… not bad at all.
(I never been a trader before).
First thing you can notice, I diversified my portfolio. That’s a golden rule, something that brings results.
So here’s my 2 tips:
1) Don’t ignore trading
Trading means making more money with cryptocurrencies! That’s the fact, don’t be skeptic. I’m not asking you to loose your day behind graphs and analysis. I don’t do that. The reality is that you can’t win this market only with a long-term strategy. Forget 24 hours money, trust me.
Imagine how happy Ripple owners are right now (February 2020). The majority of them joined at 0,50$ in 2018.
Now, they have 0,30$ or less per Ripple token! Damn!
You are dealing with enormous fluctuations! Did you see the last 3-months trend? No?
The market capitalization is going lower, brutally, the only difference is that we must have trading in mind, not hopes. Because traders have the minimum knowledge to understand and try to anticipate the market: to be shorter, they simply have a goal.
You don’t need to be a trader, but if you invest with a strategy and you are able to read market signals making money with cryptocurrencies you can do some money.
I did something like 20k $ just applying a simple trading pattern. I learnt with an Amazon ebook and some – very short – online courses. Everyone could do that.
I will be honest, I spent a lot of time looking for decent tutorials on internet and I will be honest: do your research, find a course that makes you able to manage your money (first) and go with a trading strategy.
Anyway, if you don’t have time and you want to be on the safe side here’s one of the most complete book to learn a lot of tricks about trading in cryptocurrencies:
Cryptocurrency Trading & Investing: Beginners Guide To Trading & Investing In Bitcoin, Alt Coins & ICOs
The 2nd edition of “Cryptocurrency Trading & Investing for Beginners” has been revised and thoroughly updated to reflect the latest cryptocurrency market changes. Including a new in-depth process for ‘researching profitable coins, tokens, and ICO investing’ and an entirely new chapter on ICO investing, airdrops, cryptocurrency taxes and more!
2)– Exchangers fee really matters
Majority of us know Coinbase, that’s good website, secure … BUT it’s the worst place to buy token and cryptocurrencies. Aren’t you a first time investor? Don’t use Coinbase.
Coinbase is not for trading and their fees are ENORMOUS!
What is the alternative?
For example here’s my personal pick of 4 websites better than Coinbase and with low rates:
Uh… I forgot… Keep your tokens safe!
One of the best thing I did is that:
Ledger Nano S – An hardware wallet.
Is it a pendrive? No, it will contains your tokens. Why you need that?
Because your exchanger could be hacked or your passwords stolen.
At that point no one will refund your money: no one.
It’s just a plug and play pendrive and you can buy on Ledger official website: