29 May '17, 1pm

Planning on going into Cryptocurrencies: So, I’m planning to take a small amount of my investible assets and… https://t.co/XcZtxafNut

So, I’m planning to take a small amount of my investible assets and “invest” / gamble into cryptocurrencies. Since it’s such a long word, I’m just gonna abbreviate with CC. Fact 1: The market cap of all CCs is about a whooping $71B now, and it is rapidly growing. Jan 15: $5.5b Jan 16: $7.1b Jan 17: $18.2b Source: coinmarketcap Fact 2: BTC used to dominate the market with over 90% market share until 2016, hovering around 80% through 2016, but since 2017 it has dropped to under 50% of market share. Source: visualcapitalist Fact 3: Many companies (WordPress, Overstock, Microsoft, Expedia, Newegg, Dell, Steam, Zynga, Mint… ) are accepting digital currencies as payment (mainly BTC now, but many more CCs are riding the wave and offer advantages over BTC as a payment method) Source: 99bitcoins Conclusion 1 based on Fact 1: Crytocurrencies will continue to grow. …

Full article: http://thefinance.sg/2017/05/29/planning-on-going-into-cr...

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