The year 2017 was a year to remember for all investors especially those in the crypto-currency market. In a few words we will review the year and discuss what next year has for us.
Crypto-Currencies.
Bitcoin as at the time of writing Bitcoin hit an all time high of $19,891 having opened the year at $966.58. That was a return of 1957.87% for those who were bold enough to scale the height. This unprecedented rise of bitcoin did kick-start a frenzy as to which crypto-currency would be the next bitcoin. Ethereum was the second to make such rise. Rising from $8.17 to a high of $863 (a return of 10463%). its rise was majorly due to the announcement by some big money bag that ethereum had a brighter future than Bitcoin.
So far the strongest crypto-currencies are;
Forecast for 2018
These frenzy is likely going to continue however kindly note that investing in crypto-currencies is closer to gambling than a real investment as the long term future of these currencies is unknown. For those who were bold enough they did reap the reward of taking risks for those who are still bold enough these investments can still yield considerable incomes before it finally fails.
Commodities
Oil and Gold were key highlights of 2017 which did make some gains this year but nothing compare to a typical bullish commodity frenzy. There is obviously pressure on the energy makes the market uncertain for all of the participants. Many companies are still recovering from the sudden crash of 2014-2015. While oil may be bullish for the early 2018 the rest of the year remains hinged on what happens in the middle east which is currently quite unstable.
Gold is always a favourable investment to have as its value is not tied to any commodity, currency import or export. The current bullish run may not last long in the early stages of 2018 but is likely to rebound some time in that year.
Stocks
Stocks did really well this year. For most people who took the risk. Banking stocks such as GTB made an 100% return for investors in Nigerian stocks. Facebook and Amazon both made around 58% return in 2017 that is a remarkable return for any stock investor.
2018 Forecast
As more people become financially inclined to invest we are likely going to see plenty of activity in stocks. However, caution must be held as regards to buy stocks based on recent price surge as there is more than meets the eye when it comes to these financial instruments.
Forex
Forex was a good year for me personally. As I broadened my horizon in this sector. I love these instruments because of their volatility and flexibility when it comes to trading and they did well for those of you which care to to take my advice in the PAMM accounts or other products I suggested Alpari's TSPAF has been performing impressively and I did well to put my money where my month is. It made a remarkable 100% from when I suggested it to the end of the year.
Conclusion
Do well to invest periodically in different instruments. You can learn how to do that here. It will do well to help you when the market crashes and people begin to loose jobs. Then you will have something to hold on to.
Have a fruitful end of the year and plenty of luck investing in the new year 2018!!!.
I leave you with Solomon's (my best friend) advice.
Ecclesiastes 11:4-10King James Version (KJV)
4 He that observeth the wind shall not sow; and he that regardeth the clouds shall not reap.
5 As thou knowest not what is the way of the spirit, nor how the bones do grow in the womb of her that is with child: even so thou knowest not the works of God who maketh all.
6 In the morning sow thy seed, and in the evening withhold not thine hand: for thou knowest not whether shall prosper, either this or that, or whether they both shall be alike good.
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