I do wonder what happens with Bitcoin over the course of the next year or so. I do see there's some risk that the central banks try and shut it down because they increasingly look at it as sort of a competition, or they come out with their own digital assets and try and replace it.
Bitcoin is decentralized so no one can shut it down. Governements are not exceptions and they can not shut it down. Never.
BTC is definitely the new inflation hedge, so I am staking while it's cheap. I also picked some DIVI tokens as my low cap project since I believe in their vision “Crypto Made Easy”. Plus the DIVI team is creating a cryptocurrency wallet that will be easy and simple to use as a Venmo, with Paypal and IBAN Integration straight to the wallet. It makes it extremely easy for the average Joe to move money from his bank account to his wallet, without moving everything onto an exchange like Binance or Coinbase first.
If you invest in crypto a few years, you will realize the fact that bitcoin is the strongest and safest cryptocurrency for your portfolio. With altcoins, you can get quick rich in bull market but in bear market, you will lose all or more than 90% of capital with them. One year ago, many altcoins have prices which are more than -90% of their all time highs.
I'm looking to diversify into other projects as well, what do you guys recommend?
Bitcoin, Ethereum, Ethereum Classic, DASH, NEM, and BNB.