Hi Guys,
very new to crypto so a couple of months ago I bought £600 of bitcoin and exchanged for 2 coins, byte and dodge on criptonator, then exchanged for ripple. After messing around (and loosing plenty exchanging ) I decided to concentrate just on bytecoin. It then shot up and after reading on here, I decided to throw a bit more at it as I was concerned it may not be at that price for long!!! I have bought at the wrong time and my average works out around 0.012 so Im a tiny dissapointed at that, however, I remain positive. The reason for me being that is 2018 looks bright with new wallet / exchanges /fork eg.
Also I have now 441559 bytecoins so even though maybe I paid alot for them, I hope to see the price at 0.012 sooner than later!!!!
I will be honest, my hope is that this coin will do very well and if it goes to 0.25 in the next 18-24 months, I will be more than happy to sell some of my bytecoins as that will be a nice chunk off the mortage and make life easier for me.
I have been doing some research on the future price of this coin from being $1 by the end of the year $5 by next to it never reaching 0.015 so it will be interesting to see what does happen. one thing is for sure, with me being down a few £, i do find the positive comments on here uplifting !!!
So 0.25 in 18 months, would that be asking far too much? ? the reason for 18-24 months is at the moment, I am worried that governments ect may close the world of cripto down one day(is this poss?) It is money I can afford to loose but I would rather make !!! fingers crossed
Nobody knows what price it will be in the future, we're all just guessing. Perhaps the most important lesson to learn is to buy when the price is low. I think most of us learn that the hard way. Diversifying is a good idea too, I would never have all my eggs in one basket. I like Bytecoin but I also have other coins and if I lose on one, hopefully the others will make up for it.
Governments can't close crypto without shutting down the internet, so that's unlikely to happen. They can make laws but I doubt that democracies would want to restrict things too much. I think the biggest threat to crypto is if the average person doesn't want to use it instead of fiat. The people that are already in to crypto are the converted but how far will that go? If just 10% of people start using crpyo regularly, then I think prices of the coins should go up a lot from where they are now, so I'm quite optimistic but I'm also wary of all the hype.