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Plant the seeds now to reap a veritable bounty in the coming year

While the crypto market remains firmly entrenched in bear market territory, it does not mean this is the time to relax. Quite the opposite. The truth is that the work you are doing now will determine how much success you have in the next bull market.

This is how I’m using my “down” time to be ready to capitalize when things begin to heat back up.

Out with the Old, In with the New

One must look forward and not backwards. For me, that means ignoring the older gig ticket coins. The ones that had extraordinary pumps during the last bull run are not likely to have the same type of runs next time around. Projects like ADA, SOL, LUNA, and DOGE had spectacular gains already. I do not expect those coins to do significant multiples again as they are already large projects and are being outdated in terms of technology. For me, this holds true even with BTC and ETH. I just don’t see them doing huge jumps moving forward.

Instead, look to promising new projects with microscopic market caps that have the ability for home run potential. One favorite of mine is $CBD. With a marketcap of less than four million dollars and real world utility in helping hemp farmers to be able to expand their wares, it could easily do an x100 and still be under half a billion dollars in total value. Find these types of tokens now to really see explosive gains in 2023 and beyond.

Prices are Right to Buy, Not Sell

Let’s face it, it sucks when token values plummet, but as long as you don’t sell at a discount, you have not lost anything yet. Since I generally only invest in projects that I have strong long-term conviction in, I’m content to HODL in expectation the prices will eventually recover.

At the same time, with prices down on everything, there is incredible value all over the board. Numerous coins that literally cost pennies at the moment will be some of the most valuable projects two to three years from now. The good thing is that you can secure decent sized bags on a variety of different projects at a very low cost. See below for some of the ones I’m currently evaluating.

Stake It To Make It

If you follow my writing, you know I am a huge fan of passive income and crypto staking. This is probably my favorite way to profit while the market is relatively slow in regards to price action. My strategy remains the same. If I have projects that offer great utility and a strong staking APY %, I will continue to enjoy the rewards. Because prices of most projects are so attractive right now, it makes sense to accumulate staking rewards but not to sell just yet. Instead, I am accumulating larger positions in my chosen projects by reinvesting my rewards. My favorite staking projects right now are DAG, CBD, VRA, ADS, and BIOFI.

Construct Your Dream Portfolio

This is how my portfolio is currently situated.

Long Term Holds

These are the largest holdings in my portfolio and constitute approximately 70 percent of my investments. I choose them for the value I see in terms of utility and ability to multiply significantly in value over the next few years. Also, most of these offer staking options which increase their attractiveness to me.

DAG

LTX

CBD

VRA

MNW

ADS

BTC

QNT

BIOFI

Small Bags in my Current Portfolio

These are projects I currently hold small positions in, but am continuing to opportunistically accumulate

ROUTE

AZERO

FLUX

CPH

SAITO

TRIAS

JCO

Projects I am Currently Researching

When there is uncertainty in the market, it makes sense to keep some of your powder dry in stablecoins. Not only do they give you price certainty, but you can also earn a decent APY% on them depending on the exchange you hold them on. Additionally, having some assets free gives you a great chance to scoop up values when prices drop unexpectedly. These are some projects I am performing due diligence on to see if they fir my general criteria.

NOIA

LORDZ

CHNG

LCX

OBS

Cryptos Will Rise From the Ashes

No matter how many times Bitcoin and Cryptos have been counted out, the market has always responded with huge comebacks. That’s why, in my opinion, you can generally ignore the “experts” all over Medium now once again throwing dirt on the grave of cryptocurrencies. Especially the ones who argue that the space has no effective use cases. Numerous projects being designed to be part of Web3.0 are set to offer incredible value to users.

Also, if you look at how many huge institutions are throwing their weight behind crypto and blockchain technology, you would know they see the magic in the technology and are eager to capitalize. Look at the large banks like Deutsche Bank, Wells Fargo, Citigroup, Capital One, Barclays, Credit Suisse, UBS, Bank of America and BNY Mellon who are all hiring aggressively to staff up their crypto divisions. Better yet, take the world’s largest asset manager, BlackRock, who in the past month has announced the creation of a spot Bitcoin private trust offering. Or Fidelity who has declared they will soon let their 401k clients begin to add cryptos to their portfolio. These powerhouse firms know that it is not an “if”, but a “when” in regards to cryptocurrencies coming back into prominence.

So, if you want to make a fortune in the next crypto bull run, you would be wise to follow their lead and start preparing today. I know that I am!

Do you want to build more wealth through your own passive crypto income streams?

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In the early days of Bitcoin, you could have purchased a coin for pennies. In the time since then, the popular cryptocurrency has reached levels of $20,000. A small investment in those days, could have made to you into a multi-millionaire in just a few short years. The thing with cryptos though is that prices have fluctuated over the years and there is a lot of volatility in the space. Even now, after the Bitcoin Halvening event in May, it still is hovering in the $9500 range. Consider though, what if there was a chance to get back in on Bitcoin in those early days. Would you jump at the opportunity to make an investment of a lifetime? Well, I wholeheartedly believe we are nearing that point again with a chance to profit with the next Crypto Bull Run.

What Will Fuel the Next Crypto Bull Run?

There are a lot of factors in the world right now that bode well for the future of cryptos. First of all, many larger financial institutions are taking note of the power and potential of Bitcoin and cryptos as a reserve currency and store of value. In effect, a digital form of gold. Big players like Fidelity, Visa, and Facebook are either offering chances to invest in the space or developing digital currencies of their own and the more money that starts to flow into this space will continue to sky rocket perceived values. Secondly, one only has to look at the reckless financial policies being undertaken by the American Federal Reserve to see the way the dollar is being mercilessly manipulated and know that a reckoning is coming sooner or later. Having some decentralized financial assets, outside of control of the US Government is a prudent way to approach an increasingly scary future. Thirdly, when looking at the boom in the stock market, it’s been a great ride, but can it continue to rise with all of chaos in the world be it the effects of a potential recession, COVID-19, or other unpredictable factors? I’m not going to bet my money on that. For all these reasons and more, I think 2020-21 will see another huge surge in the crypto space, offering a chance for those who stake positions early the chance to profit handsomely.

Where Can I Buy Cryptos?

One of the challenges faced in growing the crypto space is for people to get started. There are not a lot of great options for those in the United States to easily purchase Bitcoin, as it must be held on an exchange or privately via a secure electronic wallet. Probably the easiest and most well-known public exchange is Coinbase, which boasts approximately 20 different coins including Bitcoin, Ethereum, Litecoin, and others. Simply deposit some cash into your account and you will be able to buy and sell various cryptocurrencies. Coinbase is not perfect though, as it charges higher transaction fees and lacks many of the more popular alt coins. For that reason, another great option is Binance, which now has a US exchange, lower fees and a better selection of coins. Another newer option is Robinhood, which is a more mainstream option with a mobile-friendly app, but at this point only sells Bitcoin..

Coins with Home Run Potential

Here are some of the coins I am particularly excited about and offer a great chance to get in before the next Crypto Bull Run. Each of these coins can be purchased for under a dollar and present a fabulous chance to considerably multiply an investment. In fact, I will go on record that at least one of these coins will offer up to 100 times a return on investment, so even a small play can yield big gains,

Zilliqua

Zilliqua (ZIL) is a high-performance, high-security blockchain platform for enterprises and next generation applications. In a way, it’s like a faster and more robust version of Ethereum which is currently the second largest crypto in the world. Zilliqua has surged over 950% since March and shows no signs of slowing down. With all the potential offered by this coin, it is basically a can’t miss option and should fly over $1 in the next year.

Digitbyte

Digibyte (DGB) was founded in 2014 by its lead-developer, Jared Tate, and aims to increase transaction speeds, offer true decentralization, and state of the art security. DGB technology performs significantly better than most other cryptocurrencies. It is 40x faster than Bitcoin and has been designed to have the fastest block speed on the UTXO Blockchain, which makes it exceptional. It is up over 500% in the last few months and still can be had at under .03 cents a token. This is an undervalued asset which has truly spectacular potential. Buy some now, and thank me later.

Enjin

Started in 2017, Enjin (ENJ) is a cryptocurrency focused on the blockchain-gaming industry. Given the popularity of video games and the increasing attention coming to online gaming and e-sports, it doesn’t take a lot of insight to see that this is a potential goldmine in terms of being able to purchase virtual goods and other services. With over 20 million registered users already on the Enjin Network, I see very promising returns over the next few years. Currently an Enjin Coin is hovering in the 20-cent range.

Conclusion

While there are no guarantees in life, it should be clear that the potential returns on an investment in digital currencies offer a chance at life-changing money. Be sure to focus on coins that offer some practical value or service. There are many promising coins out there and more undoubtedly in development right now. As always, never invest more than you could afford to lose, and by all means do your own due diligence.

The Halving or The Halvening is something you will have at least heard about even if you are relatively new to Bitcoin or the world of Cryptocurrencies. What does it mean though and what kind of impact does it have on Bitcoin? In the following post, we are going to discuss everything you should know about The Halvening, including what it is, what it means and when it is happening next.

Before we go into all that, though, for those completely new to Bitcoin, let’s explain some of the basics regarding bitcoin.

What is Bitcoin?

Bitcoin, created in 20009, is a digital currency, most commonly known as a cryptocurrency. Satoshi Nakamoto, a pseudonymous developer, released a white paper that set out his/her/their (we are not even sure if it was one person, male, female or a group of people) ideas for Bitcoin. It would provide users with much lower fees for transactions than the more traditional online payment schemes that were in place and was not issued by governments like traditional currency.

Bitcoins, in effect, do not actually physically exist. There are balances recorded on a public-access ledger stored in the cloud, alongside all Bitcoin transactions that have taken place to date. All of these are verified using huge amounts of computing power.

What is Bitcoin Mining?

Bitcoin mining is the task of adding new transaction records onto the Blockchain, that is the public-access ledger we already discussed, based in the cloud. Mining ensures all transactions are confirmed. Specialized computers are used to mine Bitcoins and they achieve their goal by finding the solution to a computational problem that then means they can chain transaction blocks together. Which is why it is called a blockchain.

Now that you know a little more about Bitcoin and what Bitcoin mining is, it’s time to look at just why there is so much excitment about the Halvening.

What Actually is The Halvening?

The Halvening is a moment that has been predetermined to occur and results in the halving of Bitcoin’s block subsidy. This occurrence is set to happen every 210,000 blocks, which means it happens approximately every 4 years and is one of the main features of Bitcoin that makes it unique from other cryptocurrencies. It was established to make sure that there would be a capped supply eventually of 21 million Bitcoin.

The Halving is set to continue to occur at regular intervals until Bitcoin’s block subsidy has been reduced to its smallest value of 1 Satoshi or 0.00000001 BTC. With this in place it means that the following block subsidy after 1 Satoshi would be 0 and from that point onwards Bitcoin miners would only be able to collect the transaction fees.

Understanding Block Subsidy

When a Bitcoin miner completely solves a blockchain, a predetermined number of bitcoins are generated as a block reward. The amount that the block reward is worth is calculated by taking the block subsidy as it was originally, 50 BTC and adding the fees.

Each 210,00 blocks that are mined the subsidy is halved until you reach the block you started mining. Therefore, if the blocks from 1 to 210,000 had 50 BTC subsidy, the following, that is from 210,001 to 420,000 will have a 25 BTC subsidy, and the 420,001 to 630,00 will have a 12.5 BTC subsidy and on and on.

It is crucial to remember that Bitcoin earn more than just the block subsidy when they mine blocks. There are fees that users have attached to their own transactions as a way of incentivizing them that miners can collect too so that they are included in the closest block.

Have There Already Been Halvenings In the Past and When Will the Next Take Place?

So far, there have been two previous Halvings – one that took place on 28^th November 2012, when the subsidy was reduced from 50 BTC to 25 BTC for each block. Then another occurred in 2016 on July 9t when the subsidy halved again from 25 BTC to 12.5 BTC for each block.

The next Halvening is due to occur very soon. Although it is just an estimation, it is expected to happen the week beginning May 18^th. Then the number of blocks will reach 630,000 and this will half the subsidy again to make it 6.25 BTC.

If you are very new to Bitcoin mining or trading or have an active interest, you may wonder what kind of impact the Halvening can have and why it’s such an important event. There are a number of reasons.

It Establishes Predictable Scarcity

As we noted earlier, one of the distinctive features of Bitcoin is that it has a hard cap of 21 million BTC. Which means it benefits from true and predictable scarcity. Unless the rules are altered, 21,000,000.00000001 BTC will never exist. It’s also worth noting that due to Bitcoin’s supply formula, 21 million bitcoins will never exist either as it will work out as 20,999,999.9796. This is down to the mechanism that is in place that ensures the block subsidy halvening always takes place at the relevant time.

So, the fact that these halvings ensure Bitcoin has predictable scarcity is why they are so important and monitored closely.

The Potential Repercussions on the Price

Another reasons why the Halvings are closely monitored and waited for by miners and anyone involved or interested in Bitcoin is that the previous two were followed by an astonishing increase in the price of Bitcoin. There is a lot of debate and various theories bandied around about how the price of bitcoin can be accurately modelled. The one thing that all these theories appear to have in common, however, is that they involve the total supply available of Bitcoin.

As the supply of new bitcoin is reduced with each halvening, the price is always affected dramatically afterwards.

What will happen this time around, is anyone’s guess really until it happens. However, because without fail something has happened, the whole of the Bitcoin community, miners and traders alike will be watching, waiting and reacting accordingly.

Where Can I Buy Bitcoin?

Since we are still in the early days of the rise of Cryptocurrencies, there are not a lot of great options for those in the United States to easily purchase Bitcoin, as it must be held on an exchange or privately via a secure electronic wallet. Probably the easiest and most well-known public exchange is Coinbase, which boasts approximately 20 different coins including Bitcoin, Ethereum, Litecoin, and others. Simply deposit some cash into your account and you will be able to buy and sell various cryptocurrencies.

Another newer option is Robinhood, which offers significantly lower fees, but a more limited selection of coins.

The Effect on Alt-Coins

Traditionally as the price of Bitcoin fluctuates, the smaller alt-coins, move in concert with it. However at this point there are literally hundreds, if not thousands of coins, most with little intrinsic value. Personally, the coins I am highest on at this point, other than Bitcoin, include Chainlink, Enjin, and Ethereum. My dark horse coin, which I’m exceptionally high on is Digibyte.

Digibyte (DGB) was founded in 2014 by its lead-developer, Jared Tate, and aims to increase transaction speeds, offer true decentralization, and state of the art security. DGB technology performs significantly better than most other cryptocurrencies. It is 40x faster than Bitcoin and has been designed to have the fastest block speed on the UTXO Blockchain, which makes it exceptional.

It is up over 500% in the last few months and still can be had at under .03 cents a token. This is an undervalued asset which has truly spectacular potential. Buy some now, and thank me later.