Christmas 2017 was anything but contemplative. One all-time high chased the next, every ten minutes one looked at the crypto portfolio. In the background the song “Hodln” was played by the half German rap scene feat. Julian Hosp. Pushed by calls like Lambo and To the Moon, the relatives of the roast goose were told how to become private with crypto currencies. It has never been easier to convince uncles and aunts of the fast wealth. That was 2017. And 2018? What does this year’s goose meal look like from a crypto point of view?
This year’s holidays offer the opportunity to catch up on the self-criticism and reflection missed last year, to lower the ego and to think about what really matters. In terms of the crypto-economy, this means: Which projects really have substance? What time frame is realistic for a certain degree of crypto adaptation? From which token legacy does it make sense to separate? Questions that crypto investors should ask themselves at the end of the year.
The Bitcoin news at the Christmas Feast
Driven by maximum media attention, Bitcoin & Co. 2017 was carried into all social classes. Everyone had taken up something about this Bitcoin news and money phenomenon: https://www.geldplus.net/en/bitcoin-news-trader-review/. Now it was up to the (mostly) younger ones in the family to clarify things at the Christmas dinner and explain Bitcoin. It quickly had to be stated that after only a few sentences one had already encountered the limited receptivity of one’s relatives. Instead of talking about the potential of the technology, there was usually only one question left: Is it still worth getting started?
A reaction that is all too understandable. Human greed superimposes every technological fascination. After all, it wasn’t the decentralized concept that made Bitcoin 2017 so popular, but a multiplication of the course within a few weeks.
What do you say about Bitcoin formula this year?
Even if the question: “Is it still worth getting started?” is timeless and always valid, the situation this year is quite different. Probably, if at all, the topic Bitcoin formula will come only with the dessert on the table. The relevance of Bitcoin formula & Co. has been degraded from main course to dessert. The tone has changed from fascinating and interested to reproachful and mocking. A statement from the know-it-all uncle this year could read as follows: “Do you remember this Bitcoin last year? It’s all over now. This nonsense with the crypto currencies is now history, it was also clear.”
If then also the glances wander half reproachfully, half compassionately over to you, because as the crypto expert of the family you have to serve as the watcher man of the crypto market, then only two options remain:
1) Inspired by the feeling of fullness, one lets oneself fall instinctively and resignedly into the sofa set and stoically nods off everything. If your uncle thinks that Bitcoin is dead, then let him do it. The main thing is to be calm.
2) Encouraged by the Christmas punch, the decision is made to present a differentiated picture of the crypto economy. It may be advisable to use the history of the Internet. Even if the know-it-all uncle lost a lot of money in the dotcom bubble in 2000, he will hardly be able to underestimate the relevance of the Internet and its applications such as e-mail. With a bit of luck and Christmas punch, you can make even hunted technology investors neutral and enthuse them for the big picture of the crypto economy.