Chris’ note: Stocks took a beating today.
The S&P 500 fell 3%… and the Nasdaq fared even worse, dropping 3.5%…
But it wasn’t all bad news.
Bitcoin, the world’s most valuable cryptocurrency, and one of our top recommendations here at Casey Research, has been on an absolute tear.
It soared 8% today during the bloodbath in stocks. It’s now up 213% for the year… and as you’ll find out today, it’s not too late to stake your claim.
Below, in-house crypto expert and Disruptive Profits senior analyst Marco Wutzer shows how to do that with six specific steps.
By Marco Wutzer, senior analyst, Disruptive Profits
That’s how long you have to grab someone’s attention before they mentally drift off to the next thing. That’s one second less than a goldfish.
Thanks to constant interruptions by smartphones and multitasking, our attention spans are getting shorter all the time.
This is also reflected in absurd investor behavior…
Over the last five decades, the average holding period for a stock has steadily declined. It’s fallen from eight years to a mere four months since the 1960s. You can see this in the chart below:
I wouldn’t be surprised if that average is even shorter in the fast-paced, 24/7 crypto market.
Why am I telling you this?
Put simply, if you want to be a successful crypto speculator, you need to take a long-term view.
The Future Takes Time to Build
The internet took 30 years to become mainstream. Blockchain technology is barely 10 years old and has only received serious attention for the last three years or so.
Rewiring the global financial system and the larger economy takes a long time. Still, the Blockchain Ecosystem – the network of blockchains that will power the new economy – is developing fast. And it’s spreading like a virus.
Eventually, it will take over all the aspects of our daily lives in which it makes sense to use a trust-minimized system.
You see, nature is trending towards higher orders of complexity.
In short, blockchain technology is peer-to-peer, immutable, and censorship-resistant. This enables us to build a freer, more complex society outside the limitations of nation-states.
Building the future takes time. It’ll be another three to five years or so until cryptocurrencies reach mass adoption.
But luckily, we don’t have to wait for this to fully play out to profit as speculators.
That’s because markets move in cycles. Each cycle brings in a new wave of cryptocurrency adopters.
I deal with the Blockchain Ecosystem on a daily basis. So it’s easy for me to forget that there are billions of people on this planet that have never even heard of blockchain technology.
I was reminded of this recently at Doug Casey’s estancia in Uruguay. We were having dinner with a cosmopolitan, affluent Uruguayan couple.
She is a lawyer and real estate broker, and he is retired with a background in many business ventures, including being a stock broker at one time.
In other words, they’re wealthy, educated people who travel the world… not local, isolated farmers.
When Doug asked them what they think about cryptocurrencies, it turned out they had never even heard about bitcoin.
This goes to show that we still have a very long way to go. Most of the growth is still ahead of us.
Superior Solutions, Growing Awareness
A crypto seed was planted in the Uruguayan couple’s heads that evening.
They might not investigate the topic much further right away… But two more people on the planet are now aware that cryptocurrencies exist and offer superior solutions to many problems.
Think about that for a moment. Variations of this conversation play out thousands of times a day across the globe.
That’s why over the past two years, the number of blockchain wallets – a method to store crypto assets – has more than doubled.
No matter if we are in a bull or bear market, the crypto meme is spreading and reaching more people.
And more people learn about blockchain technology every day. The couple Doug and I talked to in Uruguay is a case in point.
This growing pool of new adopters will be ready to participate in the new world of the Blockchain Ecosystem for the very first time.
And where will new adopters go for their first dive into crypto? They’ll buy the most well-known cryptocurrency… the reserve of the crypto world – bitcoin.
That’s why, whether you’re buying bitcoin for the first time or already own some, now is a great time to buy.
How to Start Profiting
If this is your first time buying a cryptocurrency, I recommend the following:
Open an account with an exchange where you can trade your fiat currencies for crypto. (I recommend itBit or Bitstamp to my Disruptive Profits subscribers.)
Transfer the funds you’ve set aside for crypto to the exchange and buy bitcoin.
Download and install a crypto wallet. Exodus is my personal favorite.
Make sure you back up your recovery phrase so you can restore your wallet if something goes wrong. (Think of the recovery phrase as your password.)
Transfer a small amount of bitcoin – the equivalent of a few dollars – to your crypto wallet.
Once you’re familiar with the process and have made sure everything works the way it should, transfer the rest of your funds to your crypto wallet.
You’re now part of the still small and exclusive club of crypto pioneers… And you’re ready to book profits as the crypto world grows larger.
To disruptive profits,
Senior Analyst, Disruptive Profits
P.S. Bitcoin is a great way to get your feet wet if you’re just starting out in the crypto world. But blockchain tech is on its way to disrupting multiple markets… and making early investors a fortune.
I’ve identified a blockchain project that will revolutionize a $2.9 trillion market. It all has to do with a deadly flaw in America’s national security… and a tiny, $10 million company is developing the solution.
You can get all the details right here.