While you were all focused on BTC

a reply to: projectvxn

Good, bad or ugly, there has been buzz. Prices still seem rather flat...for crypto anyway.

That sucks about the USAA, the SEC has been getting louder as well and there is another application for a 200000 ETF, all backed by Bitcoin so possible a break with the adoption angle.

The bad news, is that yes, it's all pretty flat so far after the big dips earlier this year.

The good news though, I think....is that this still means it may be a good time of opportunity. It just may take a lot longer for a good payoff. Time will tell, as always. I think I'll still put in a little at a time, but just on those I think have an actual shot at sticking around.

a reply to: Gazrok

It's a good opportunity to buy.

I'm rearranging my positions, but I'm not buying anything new for at least another few months.

Man I totally increased my stake in $GBTC at the wrong effing time.

Significant loss this entire month.

Should have waited.

a reply to: neo96

It's not a loss until you cash out.

a reply to: projectvxn

I'm done investing for a while.

I am going to focus on building my new pc.

a reply to: neo96

I just took a new job doing some interesting stuff and for some very nice pay.

Probably going to focus on my aging firearms maintenance tasks, home remodeling, and my car.

After a really discouraging month.

Looks like a rebound.

Looks like EOS was a great pick.

EOP,ATD,MEETONE,ADD distributions.

Airdropped.

a reply to: neo96

EOS is a fantastic performer, and that's because they have an actual plan. The overall market is being held back by these junk coins and tokens that have never actually presented any value.

Those with real plans are denounced as shill coins. Interesting how that works, is it?

It's still pretty tanked right now. I'm at 50% of my original investment, so no real drive to invest any more into it.
But, I'll still hold on to what I've got, and just check it from time to time.

I still think it's going to be the way of the future, but will take longer than I would have initially thought.

a reply to: Gazrok
it was a good buy for those who jumped in at the first four figure % returns. Most people waited though until the tail end of the triple digit returns died down, which was what, like october november last year? Then I saw the numbers, just to make a 50% increase the physical price would have to go up another $10,000. I waited too long to become interested, and when I did I realized I was at the very end of the profit opportunity so decided against it.

I mean, I guess I could have eeked out like 20% if I had the will, but I just did not have the will to plop that much capital for under %50 on an obvious end of run con job. Those banks played us good though I tell you what.

About the only money I'm making right now have been from Air Drops.

Debating on what to do next.

Double down on all my crypto investments (cheap at current prices).

Or diversify by more stocks and bond etfs.

Or do both.

Every other month.

a reply to: neo96
Honestly the trade war has opened quite an opportunity in the commodities market. You may even see the S&P commodities index perform better than the equities index. Give this a read and let me know what you think?

Trade Wars, Gold and a Once-in-a-Lifetime Opportunity
SP: There is a chart that we've been discussing over the last year or so. Jeff Gundlach from DoubleLine Capital LP included this chart in his 2017 year-end review, suggesting that we're near the beginning of a new cycle, and resources are one of the sectors of the market that should perform best going forward. The chart shows the S&P Commodities index, divided by the S&P 500 Index. The chart measures how many units of resources you can buy with a unit of the S&P 500. This chart has never been at a lower level than where it's sitting right now, suggesting we may see a major mean reversion where the S&P Commodities Index outperforms the S&P 500 Index for a number of years.
The last time the ratio was at these levels was in the dot-com bubble. Remember, there was a lot of exuberance in the markets; lots of growth expectation and technology was leading the markets. Resources was not a sector that people were allocating to. And that was the genesis of the later industrialization of China. It was a great catalyst. And from then, the S&P Commodities Index outperformed the S&P 500 Index by a factor of about 4:1 over the next decade.

This chart shows that we're in a similar predicament right now. If we go back to what happened two decades ago, there's going to be an opportunity where resources have the potential to outperform the overall broader market, as measured by the S&P 500, by multiples. Last time, it was 4:1 over a decade. I'm not sure what it could be this time, but if mean reversion does take place, I find this chart a very compelling reason for allocating to resources.

a reply to: projectvxn

The entire motive of crypto currency is to free ourselves from the manipulation/control and monitoring of central banks. I wouldn’t buy it just out of principle.

a reply to: nOraKat

And yet, that same principle is exactly why it will eventually succeed.
It's just a matter of who will be left standing when it does....and how long it will take.

a reply to: nOraKat

I like Ripples platform and their technology. It is exactly the mentality we need as far as the people in charge and their attitudes toward this endeavor.

Most of what people complain about with regard to Ripple and XRP is that some banks are using it or exploring its use in earnest. Western Union and others have also hopped aboard the Ripple train. But no one can explain why this is actually a bad thing. There tests with banks and other large institutions have been largely successful. I'm waiting to buy Ripple's stock when they go public, honestly.

(The following does NOT refer to you, nOraKat)

I thought libertarians were all about capitalism. But I see, like most other people, they're only about the capitalism they want. Cryptocurrency was largely a libertarian undertaking with the goal of sidestepping governments and banking institutions as transaction intermediaries. But the rampant fraud, corruption, and outright theft via hacking of exchanges and other accounts has shown that this market is little more than a casino with few real gems. None of those exchanges or fake coins wanted anything to do with regulation and many of their founders were vocal critics of Ripple for attempting to be more compliant with regulatory agencies around the world.

Ripple gets crap for not wanting to fight, but to make money.

Ideology doesn't make money.

a reply to: projectvxn

Worse than the theft and corruption in regard to BTC and other crypto's is the corruption of central banks and their counterparts (agents) in the worlds governments spending up a storm and creating astronomical debts.

They can create money out of thin air, that is the heart of the corruption. Money should be limited and nobody should have control of its value, nor be able to create unlimited amounts of it at will.

a reply to: nOraKat

Worse than the theft and corruption in regard to BTC and other crypto's is the corruption of central banks and their counterparts (agents) in the worlds governments spending up a storm and creating astronomical debts.

I agree. But we shouldn't be seeking to replace a known regulatory structure for a muddy swamp of unknowns. There are VERY FEW cryptocurrency projects that are worth anything at all. The vast majority of them are poorly thought out or simply garbage scam coins.

They can create money out of thin air, that is the heart of the corruption. Money should be limited and nobody should have control of its value, nor be able to create unlimited amounts of it at will.

I simply do not view money the same way.

I refer you to this thread as to why that is:
www.abovetopsecret.com...