Quote:
Originally Posted by jspill
Crazy how it keeps climbing. Found out another 2+2er made $300k, so much money going to good people
People are expecting ethereum to hit 500 over the next few years apparently so I'll buy back in. Thoughts bernie?
Well; my thoughts are :
- the whole monetary system is due for a reset (planned to happen on the next false flag through IMF SDR's; lol at the beer garden sign NO VISA but bitcoin oh yah), combined with so many big asset classes completely out of whack from a risk/return point of view (but to some extent forced in such a bubble as alternative investments are either prohibited for a lot of the big institutional money or allocations are prohibitive to their cost of capital as is the case for many insurers) and the 'old play' of PM in a way that would be allowed such as ETF's is just getting too small of a pool..
-> so that ANYTHING that offers financial diversification to the money pools is just getting blindly allocated to.
- so imho the main driver for 'fake internet money' for the last weeks and going forward is just 'beta' play. As such, the big market caps should still get indescriminate support with new inflows, regardless of merit and this gets us a snowball effect (some coins get extra inflows BECAUSE their market cap > certain thresholds), but value wise I have zero eth and I think one must just do his homework for 'alpha' and look at ALL top 100 market caps coins and be diversified in a choice of at least 10 coins. Recently, relatively unkown '****'?coins have suddenly seen huge volume inflows+price explosion (RDD, BURST,...) and I do beleive a diversified coins portfolio of core big market coins AND of those forgotten satellite coins + some ICO's, was and is the way to go for the best risk/return portfolio wise.
- and then there will be more and more of taxation/jurisdiction issues going forward as well, as it won't be much tolerated that the small guy finds a way out of servitude
http://fortune.com/2017/05/21/irs-bitcoin-congress/
disclaimer : not financial advise; past performance is not indicative of future performance; invest at your own risk and all the rest of the yadi yadi ya...
Last edited by bernie68; 05-22-2017 at 01:24 AM.