I made good money in the crypto market around few hundred thousand USD, it was July 2013 Bitcoin price was around 70 USD I had 10K USD sitting in my bank account. Crypto market wasn’t popular like today but I realized that this could be a good opportunity for me to get out of the rat race.
I didn't invest the all my 10K as I was still too scared to lose it and today I can tell you I lost potential earning of nearly 300K USD. The good thing is I did invest 5K USD.
Four months later the Bitcoin was already above 700 USD it was an amazing rally.
I knew that I made mistake and should invest all my 10K but I can’t complain.
You can say is obvious now but some still wonder why Bitcoin Price is almost $ 5000 .
What do I look at when invest in a crypto:
What will increase the Demand for the coin?
The coin needs to be the driver of the ecosystem, it must be clear what is the use of the coin.
Who leads the company?
In the end of the day when you buy Crypto coin you are investing in the team who runs the business and in their experience. A good product is very important but good management one that you can trust is even more important. Who is on the team is important but that it’s not a guarantee for success unless they have proven track records of business development.
The liquidity
Many crypto coins issued in the last year but you need to know two important things: when the coin will be traded and where.
It is not enough to buy a coin in a good deal, to make a real profit and not on the paper you need to be able to sell it to someone at the price that you wish to sell, therefore it is important to know where the coin will be traded.
What is PayperEx?
PayperEx building a network to trade Crypto Paypers with low entry price and many more benefits. You can read here:
www.payperex.comPaypers are share based units. Trading on the PayperEx network will be conducted on Paypers, for financial instruments such as Bitcoin, Ethereum etc. For every underlying asset, a limited quantity of Paypers will be issued.
There are two types of Paypers issued: “BULL” and “BEAR”.
A BULL Payper is predicting that the price of the underlying asset will rise, whereas a BEAR Payper is predicting that the price of the underlying asset Trading Payperes can be done only with PAX tokens, The initial value of 1 PAX is around USD 0.08. I think it is more than fair and the upside here is amazing.
For me, this one is a given and I'm not going to miss it, I believe it will hit $ 1-2 sometime next year.
Make your own researches and invest only what you can afford.
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