Monday, May 17, 2021

How do I find the next Bitcoin in this confusing crypto economy ?

If You Missed The Bitcoin Trend, This article is for you
If your one of the many investors who came into the world if cryptocurrency and defi investing late, then you certainly are not alone.

The good news is that Bitcoin is just one if many (albeit the most well know) newly evolving Block Chains.  In addition analysts argue that Bitcion by design has some inherent flaws and limitations, which in spit of what the Bitcoin Bulls my say, will impact its growth and price stability going forward. 

It is in this absence of technology that a huge market has evolved, motivated by the "Genesis Blockchain " (i.e. Bitcoin) but not limited in its scope or strict adherence to rigid protocols for conducting daily transactions. 

The potential for technological innovation is without parallel in the world.  Spurred by the almost revolutionary concept of decentralization this industry has essentially provided an impetus for many more players to get into what was once a very exclusive exclusive area.

Today there are at least 9 thousand cryptocurrencies listed on Marketcap, sold in over 300 exchanges. To facilitate these transactions hundreds of other platforms have been and are undergoing development. 

Yet within this rapidly expanding milieu are the seeds of tomorrow's economy.  The next Bitcoin, so to speak, is currently an ICO being developed by an entrepreneur's and a network somewhere in the world.

The question however is how can I be part of that innovation? How do I know which technology will be adapted and which will fall by the wayside? In other words, how can I get into the market with my cash hand without losing my shirt in the process?

This blog, in future posts seeks to answer that exact dilemma.

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