When to Buy in New Era of Cryptocurrency Regulation

Bitcoin and other cryptocurrencies have tanked this past month and a half, peaking at $20k and crumbling down to $8k at a rapid pace. This has been for a variety of reasons, spanning from January blues to stricter regulations to concerns over Tether. Have we reached the dawn of the next era for Bitcoin?

Steemit Post: https://steemit.com/bitcoin/@cryptovestor/when-to-buy-in-new-era-of-cryptocurrency-regulation

In my opinion, we have. It is currently looking like 2018 will test Bitcoin and other cryptocurrencies as regulators discuss it more and more frequently. Opportunistic journalism will, as always, exaggerate movements in both directions (hint: It’s not just FUD, it’s also FOMO). More companies will feel forced to have a stance on the cryptocurrency phenomena, likely all echoing the same statement of “it’s too volatile, but we like blockchain.”

It should be interesting to see how this all plays out, but my investing strategy has not changed. I will still have a limit order in at around $8,300 (which Bitcoin bounced above just after this video was recorded, but will keep limit in).

I suspect the bubble hasn’t popped yet as the speed of Bitcoin’s rise didn’t give much opportunity for many people to buy in and many felt they have missed the wave. If we start to see another substantial pump, many will jump on board, fearing missing out for a second time. Of course, this is only speculation as bubbles are difficult to call.

However, this is my viewpoint and I will stick with it. As always, moments like these illustrate why you should be diversified into other asset classes besides cryptocurrencies so that you aren’t overexposed to the risks in this field. Best of luck to all of you and happy investing!

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If you like my content, you can support me through using ANY of the affiliate links below (I receive small compensation). The beauty of affiliate links is that I can pick and choose what I like rather than have companies approach me – everything I linked below (with the exception of Trezor since I like Ledger), I use myself frequently.
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My Recommended Hardware Wallets:

If you want to store your cryptocurrencies safely, the best way is through a hardware wallet. Seriously – look it up and you’ll find plenty of information supporting this claim. There are alternatives such as paper wallets, but these are convenient and my choice for cold storage (offline):

Ledger Nano S: http://amzn.to/2hZPj0q
Trezor: http://amzn.to/2AxD9TN
Ledger Blue (expensive): http://amzn.to/2hk7xst

I personally prefer the Ledger Nano S, but the Trezor is such a close second that it really doesn’t matter which one you go with. Ledger Blue is premium and convenient, but not necessary.
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My Favorite Book for Investing in Crypto:

Cryptoassets: http://amzn.to/2zKDdCF

This book is, bar none, my favorite book for investing in cryptocurrencies. It doesn’t bog you down with technical jargon, but instead focuses on all the elements you should understand before you invest.

It’s a comprehensive book for both beginners and experts. Beginners will find information about major cryptocurrencies (not just Bitcoin) as well as details on historical market events (that you can draw on for future) and events to watch for moving into the future. Experts will find the chapters on valuation particularly useful. For those of you involved in traditional investing, this book is even more of a godsend as finance info is explored (correlations with other asset classes, ETFs, etc).
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My Recommended Exchanges: Coinbase / GDAX / Bittrex

https://www.coinbase.com/join/5a08b12e305a1401d79d10e0

If you sign up to Coinbase using link above, you and I will both receive $10 each after you buy your first $100 of Bitcoin using Coinbase. Coinbase is much less intimidating for beginners. Once ready, move up to GDAX for cheaper or zero fees. For altcoins, I recommend Bittrex.
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None of what I provide in my videos is investment advice. Please do your own due diligence.
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When to Buy in New Era of Cryptocurrency Regulation

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Kane Dane