Best of the Week: Top 3 Alt Coins, Which Experts to Follow, and Why The Bitcoin Bubble Might Burst

“Platforms gain more value than individual companies operating on top of the platform. You’re investing in the base-layer.” (click to tweet)
Is Bitcoin crashing? 
What was once at $18,000 is now hovering around the $12,000 marker. Is it time to get out or double-down? What can we take away from this drop in price? To answer that question most accurately requires continuing to pursue your cryptocurrency education.
That is why on today’s episode of The Bitcoin Crypto Mentor Mastermind show, we are taking a moment to recap the highlights from this week. From discussing Facebook’s viability as a blockchain technology to learning about small but promising coins like Nimiq from Amith Nirgunarthy, this week’s crypto conversation will shed light on Bitcoin’s falling price.
And don’t forget! You can also listen to The Bitcoin Crypto Mentor Mastermind Show on Spotify! Click “Follow” and let me know what you think!
“I think there is going to be a course correction at some point. And if you study financial cycles, you’ll see this happens all the time.” - Com Mirza (click to tweet)
Points to Keep In Mind Do your due diligence on who is backing the coin to determine legitimacy
There are rumors that Mark Zuckerberg is going to launch his own ICO at Facebook
Many people think cryptocurrency is a fad because there is no value exchanging
Understand no resource of expertise is omnipotent
All financial cycles operate in bubbles, and then bubbles burst
Habibi Coin is real estate-backed, currently raising $100 million
Uport Consensys aims to solve identity issues
EventCoin is a ticketing system built on Ethereum
OMG is a payment-processing platform built on Ethereum
Already working with McDonald’s

Watch Joseph Lubin videos to learn about his projects
Red flag if the white paper doesn’t list the project milestones
Companies that hit their project milestones tend to do better over time
Iota didn’t do anything to fix security flaws that were pointed out to them
Ripple isn’t decentralized, which makes its status as a cryptocurrency questionable
Verge is not as private as people think it is
Nimiq is a virality coin
Look at the team, the code, and how people talk about it on Telegram groups
All of this looks very promising for Nimiq