There is no stopping the parabolic growth of Crypto currencies. We have not seen anything yet! We have not scratched the surface of participation into this FinTech industry. We have less than 0.001% of the population getting involved in cryptos. Starting this summer, we will begin to see the world turn it's attention to crypto currencies. The growth can not be ignored and the fear of missing out (FOMO) is becoming overwhelming.
More and more news outlets are waking up to crypto currencies and are starting to report on it's popularity. The drive into crypto currency is a combination of freedom from central bank's tyranny and the potential for life changing financial gains. Cryptos also give close to 1/2 of the global population, who are non banked, a chance to participate in the global economy. As a result of this explosion, new challenges are arising.
In the not so distant past (7 months ago), you could set up an account at a crypto currency exchange, such as Coinbase in as little as 7 days. Good luck with that today! It takes weeks, if not a month, to get an account now due to some 40,000 people a day signing up. I remember putting in Coinbase orders and getting my Bitcoin, Ethereum or Litcoin in 3 days. Not now. It takes 9 + days to get your coins in your account now. Any of the crypto channels will tell you how it is a good idea to get your coins into your own cold storage (paper or hard wallet). Well, some of the more popular Hard Wallets such as Ledger Nano S have a 2 month waiting list! I received mine from France, where they are made, in one week. Those days are long gone.
The point I am trying to make, is that as crypto currencies climb parabolic (potentially for the next 8 + years), it will take longer and longer to get what you need/want. Do not wait. As I have always said, every 24 hours you wait, it will cost you in opportunity and gains.
Here is a good clip from the Keiser Report (about a week ago, but still relevant) that YouTube Channel BitCoinBoy posted:
