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@dacxiglobal
All over the world, Dacxi is helping real people find their path to prosperity through crypto. Hear their stories and Dacxi reviews. Dacxi is pleased to support individuals on their way to financial success through cryptocurrency. If you'd like to learn more about the benefits of crypto and join us.
Crypto Wealth is an exciting new niche in the Wealth industry, built on the principle of crypto as a highly investable asset class. Click to learn more.
Crypto wealth is different from traditional wealth investments. Crypto wealth forms part of the Alternative Finance Sector and falls into two categories - 1) cryptocurrencies and 2) crypto-asset tokens. They are designed for different use cases and as with any currency, a cryptocurrency’s value will be determined by its demand. Since they are so different and can be intimidating even, crypto wealth platforms such as Dacxi become invaluable. Dacxi’s Crypto Wealth Platform is designed to give investors the confidence they need to treat crypto as a genuine (and successful) wealth-building asset, rather than a lottery-ticket-style gamble. Check out Dacxi’s website for more information on crypto wealth.
Dacxi Coin is the native currency for the global Dacxi ecosystem which is a pioneering Crypto-Wealth sector. Learn more about Dacxi coin, Dacxi excahange and buy, sell, store, learn, and build your crypto wealth with Dacxi.
For more information visit https://dacxi.com/
If you have been following Bitcoin for a number of years, or at least heard of it in the media, you will remember its meteoric rise in 2017 to USD20,000 and the subsequent dramatic fall in 2018. At that time most commentators were justifying their thoughts that Bitcoin was a fad and would end badly for holders of the digital currency.
By now, you probably know that Bitcoin (BTC) is arguably on the verge of a potential break out. However, the real question is; when will FOMO kick in? Or better yet, has it started already?
Has Bitcoin FOMO Already Begun?
We’ve got a question for you.
By now, you probably know that Bitcoin (BTC) is arguably on the verge of a potential break out. However, the real question is; when will FOMO kick in? Or better yet, has it started already?
As the market begins to wake up and realise that the bull run could be back, a strong sense of fear of missing out or ‘FOMO’ has spread across the cryptosphere.
Many suggest that FOMO is in the air as this price rally has been accompanied by waves of speculators jumping in, fearful of losing out on the chance to capitalise. Many of these crypto enthusiasts are patiently waiting to buy Bitcoin back lower than $5,300 (it’s price only one month ago), but are coming to the troubling realisation that they have missed their chance and are stuck with buying Bitcoin at increasingly higher prices.
Among these speculators is the avid Bitcoin bull, Fundstrat’s Head of Research Tom Lee, who sashayed his SWAG at $10,000. In the context of this situation, Lee’s ‘SWAG’ relates to the military abbreviation for Scientific Wild Assed Guess [SWAG], which he uses to suggest the FOMO of those sceptics who anticipate a BTC 90% price crash. The last time Bitcoin broke $10,000 was in late November 2017, and within just a month, the price of Bitcoin had doubled to its all-time high of around $20,000. But what has been seen so far will diminish in comparison to a break of $10,000, which some believe is the all-important psychological price point that will once again draw the attention of the rest of the world to the leading cryptocurrency by market cap!
Further, Lee believes that the price point where FOMO could convert these pessimists into optimists is $10,000. Given that the price of Bitcoin has rallied so far this year a staggering 122%, and in light of the several five-figure predictions for Bitcoin come the end of the year, Lee might be proven correct sooner than expected.
To provide further market or community opinion, Lee posted a poll on Twitter, asking his followers at what price level they expected FOMO to kick-in. With just over 5,000 votes, 44% of the respondents supported Lee’s $10,000 prediction and 36% suggested that a new peak over the December 2017 ATH of $20,000 would be needed to bring in FOMO, while one-fourth of the respondents surmised that FOMO has already started again.
Will the $10,000 Bitcoin price level become the catalyst for widespread public FOMO?
Let us know what you think.
Dacxi is proud to support people on a path to prosperity with crypto. If you would like to find out more then please join us at dacxi.com. We’re here to help. Find out more.
Why The Dacxi Exchange features help pioneer global crypto adoption
The features every crypto exchange should have. Spoiler, Dacxi has them all.
If crypto is going to be the revolutionary financial shift and global force that many evangelists believe, the industry as a whole must make it easier to understand, friendlier to navigate and faster for new customers to buy
Exchanges are not what they used to be — but what is the next step? Decentralized exchanges are hot, but are they the only solution? A mix of decentralized exchanges and community-fueled marketplaces may be the best answer.
Whilst we try and make sense of the new normal, it is clear that crypto has triumphed in recent months, and a quick retrospective of 2020, so far, suggests that it is an asset class passed the point of critical mass.
I have to confess to more than a touch of confirmation bias; looking back some of the best periods of my life have also been when I have been seriously fit — I’ve run the London Marathon, and under non-lockdown circumstances, I like to go to the gym 5 days a week.
If you talk about the crypto-assets world, you normally have to talk about Bitcoin. It’s two thirds of the market buy value. To the world, Bitcoin is crypto. Many exchanges talk only of Bitcoin. Their marketing says, ‘Buy Bitcoin here’, ignoring the fact that they also list many other cryptos.
The Most Compelling Investment Opportunity in a Generation?
The 2018 crypto bear market has been severe. While it might not seem like it today, we believe the next crypto boom cycle has already begun. And there is no reason why the next growth wave won’t eventually be an order of magnitude larger than the crypto boom that surprised the world in late 2017.
Our view is that purchasing crypto assets now gives the retail buyer an opportunity to generate unprecedented returns by participating in the early stages of a technological and economic revolution. One of the advantages of being able to purchase crypto assets in 2018 is that because the market is so new, one can sensibly adopt a low time preference strategy and simply apply patience. The market itself will do the heavy lifting.
Should you be the type of person prepared to take on the risk that is buying in early stage disruptive technology, then the current volatility of the market should be welcomed. Even a small allocation of one’s potential portfolio towards a basket of carefully selected crypto assets provides strong diversification qualities, a hedge against unexpected geopolitical events and exposure to significant upside in the next crypto bull market.
Savvy people should ask themselves whether there is even a small chance that Bitcoin and selected crypto assets will one day achieve significant market share in the industry their use case represents. If the answer is yes, then the opportunity for asymmetric returns should be obvious. The blockchain rabbit is out of the hat, and now that a global, decentralised, digital form of money exists, the genie is out of the bottle and one way or another, it looks like a virus that will spread.
It’s early days, as they say. But for a multitude of converging factors, we believe that the next crypto bull market may arrive sooner than even last year’s crypto bulls might think.
That’s why we’ve created a bundle product designed to be the simplest and smartest entry into the crypto growth market today. You are buying the three biggest ‘Blue Chip’ cryptos in the same ratios that the world’s largest financial institutions have stated they are buying or offering to clients. You also get a small amount of Dacxi’s own hyper-growth DAC Coin with a possible bonus of 50% more DAC!
Is crypto the most compelling investment opportunity in a generation?
Dacxi is proud to support people on a path to prosperity with crypto. If you would like to find out more then please join us at dacxi.com. We’re here to help.
Exchanges are not what they used to be — but what is the next step? Decentralized exchanges are hot, but are they the only solution? A mix of decentralized exchanges and community-fueled marketplaces may be the best answer.
Since November 1st, the crypto market has broken that all-important US$14,000 level for Bitcoin. Bitcoin has truly boomed, peaking at $18,000. That’s 28% up in just two weeks. And Bitcoin’s not the only one feeling the heat. ETH is up 22%, and the total market capitalisation has jumped $100bn – or 25%.
If you talk about the crypto-assets world, you normally have to talk about Bitcoin. It’s two thirds of the market buy value. To the world, Bitcoin is crypto. Many exchanges talk only of Bitcoin. Their marketing says, ‘Buy Bitcoin here’, ignoring the fact that they also list many other cryptos.
Dacxi is proud to support people on a path to prosperity with crypto. If you would like to find out more then please join us at dacxi.com.