The blockchain is here to stay. Probably around 60-70% of future contracting will eventually be backed by it. But what currency will underlie it and who will be providing the relevant "proof of stake". Basically, if crypto works the banks and govt's will all be issuing their own crypto-dollars and crypto-Rands etc. Great way to raise taxes. Simply issue a national crypto currency and increase the tax payable on mining it gradually, until it's no longer worth mining. Voila, you have rarity and utility immediately. Nlhanhla, you can have that idea for free.
BTC and ETH are two leading contenders at the moment but hey, the 90's internet boom also had first mover advantages. Remember askjeeves.com and altavista ? No? You're not alone. But I bet you know google.com . Does anyone know the more than 1,001 other alt-coins out there? Does anyone care?
It's a binary bet folks. If BTC is to survive it's true value is probably worth more than a dollar or two. If not, it's true value is zero. Satoshi never factored in fear or greed into the methodology behind his white paper. Crypto evangelists and anarchists will preach freedom from "the man" whilst buying fancy houses and plugging themselves further into the capitalist system. Meanwhile, crypto vol makes it a helluva exciting market to trade. Best way to trade crypto is via CFD's. That way there's no fees transferring in and out of fiat. Plus you never have to worry about your crypto being hacked, because let's face it.... There are 2 types of crypto exchanges, those that have been hacked, and those that will be hacked soon. And the spread is way smaller than you get on SA exchanges like luno and ICE3X.
BTC should be coming into some price support around the $5,500 level. Expect some nice vol as the market bounces around for a while still. Ultimately some deep out of the money puts or calls should prove useful in a year or two. This is one market you want to be trading with positive gamma. Good luck out there.
