G.I. Bro
Well-known Member
No love for Eth? I'm still holding some... About 50 and sold most btc. Sentimental, lol. BAT was my dark horse pick. Correctly predicted it was coming to coinbase before it was ever public or even speculated. Doesn't matter now because btc shitting the bed nuked entire market anyway.If you are still holding you are insane. Bitcoin broke 6k- it's going down to 4300 and it's a free fall under that.
Alt coins will all die. The sec is cracking down on all of them- they were basically go fund me scams for shell companies who came up with a cool sounding idea and attached block chain to it... blockchain is amazing tech, but the coins have nothing to do with it. All these fake partnerships and shit are pure marketing propaganda- why the fuck would someone like American Express expose themselves and their customers to an unregulated cryptocurrency they have no control or oversight into when they could just create their own coin??
I still have an ether mining rig I built but invested 20k, it went to 50, dropped to 15 and I sold the bounce to 31k and I got the fuck out.
Been trading stock options and futures.... much, much safer and shorts have been paying well in these turbulent times. Crypto is simply in a vicious down trend for almost a year- and the only people holding are mining farms who dont want to drop the price and retail investors who dont want to realize the loss and are clinging to the hope it will fomo up to 20k and take all the other coins with it. Bitcoin will never die off- it's way too easy a method to transport massive amounts of currency anonymously- but it will never be mainstream due to a 4 transactions per second limitation and the volatility involved with it.
Blockchain is the real deal but we're way early... Total crap shoot. These may not be around when it's mainstream in 10. Bitcoin is an unjustified king. It's a very basic store of value, that's it. Eth is an actual protocol/platform. Tech wise it makes zero sense why btc is #1 other than early entrant status and whales holding it. It was money I don't need but I watched it triple over 2017 then lose most value this year. Luckily it's a very small portion of overall portfolio.
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