The Next BIG THING!

When speaking to a lot of people I know, the question they ask the most is:

What coin/token will be the next big thing?

‘Retail investors’ as we ‘insiders’ like to call them seem to be all looking for the next ‘Bitcoin’.

Well as we know there is only one Bitcoin, but we understand what they mean.

They want to know, what coin can they buy a lot of that will be worth a lot of money, in the immediate future.

What can one really say… I say “I simply do not know”.

Why?

Because no one knows definitively. One can speculate based on information out there, you can reference TA (Technical Analysis) but unless you have a crystal ball at your disposal there is no way to know.

So how can we remedy this for our loved ones?

Well we know that not everyone will have the love/desire to research for hours and hours about new and existing crypto projects. Most of the time they just want someone to tell them what to do with the money that is ‘burning a hole’ in their pocket.

I generally try to encourage them to get a little bit of knowledge. There is a wealth of information out there that can help them to digest what the cryptocurrency space is all about.

I would first introduce them to Bitcoin, what it is, when it was started and who started it?

They should have a brief understanding about blockchain technology and finally exchanges and their function.

I think that once they grasp this they will have a better understanding about why there are other coins/tokens in the space and will be armed with the knowledge of how to choose a potential project to invest in.

For those who are not interested in doing the aforementioned, I would advise that if they really want to invest in the crypto market they should probably just buy Bitcoin.

Again, remember, I am definitely NOT a financial advisor.

The most confidence in the crypto market is in Bitcoin and so for the people who are determined to enter the market, it’s probably their best bet.

Yes, there most probably will be a coin/token that will start off cheaply or relatively cheaply and it will rise to the moon in a short space of time, but who knows when and what that will be…

One thing is for sure, you have to be in it to win it, so the best way is to get involved and learn.

Learning is key in crypto.