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RE: ✴️ THIS WEEKS "CRYPTO CORRECTION" CHANGED MY THINKING AND MY PORTFOLIO!

in #charlesfuchs7 years ago

Bitcoin is the grand-daddy G, so there is no way it will lose its spot in the top 3. However, I just don't really see the benefit of holding bitcoins this late in the game. Sure, I got a few, but I wouldn't put all of my investment in it. Call me a traitor, but my hope is in Ethereum and Ripple. We are heading toward a whole new gaming revolution using the Ethereum block-chain and I can see its potential. I can smell it. I can taste it. Ripple, on the other hand, already has banks backing them up and I will milk everything I can from them. My strategy is a bit similar to yours. 80% of my investment is spread out evenly among the top 3 cryptocurrency and the other 20% is in the altcoins that I am interested in (gaming and virtual reality).

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I think many people underestimate the potential that BTC still has. Hedgefunds are just started and will bring way more money in. Some later all the extremely rich will go HODL their wealth in this store of value and also central banks and Governments could finally go in. What do you think about international trade / import and export?

There is still HUGE potential for BTC (million per coin = 100 x is possible, will be 3 times the market cap of gold and since the usability is way higher......) and I expect the day will come that every powerful entity on the planet want to own an as big as possible part of the BTC blockchain while the supply is limited......... Alts will be forgotten if this happens.