Hi all.
First, congrats on creating such an amazing resource for the rest of us newcomers. I’ve spent weeks reading.
Crypto currency is quickly gaining traction and to those who understand it, it’s obvious that it’s only a matter of time before the institutional banking systems of the world must confront it: either fight it, or integrate it. Integration can be taxed and regulated. With CME’s pending futures offering, VISA/MC facilitating its use, mainstream media’s positive coverage, and trusted brokerages adding it to their asset class investment options, it looks like integration in the US is the route. As is said, so goes the US, so goes the world.
Still, while perhaps 30% of people have heard of bitcoin, 99.5% aren’t yet invested. As you know, this is an expected pattern of technology adoption and maturitization, known as Gardner’s Hype Cycle. And as an investor, provided integration continues, this suggests to me that there is an enormous amount of upside potential.
This is my question: At this still early stage, volatility considered, how would the experienced investors of this group invest a large sum of money, i.e. $800,000USD? Diversification among alts? Scaling into BTC during the price corrections and dips?
My strategy is long-term, 1-10 years, more if warranted. I think in the near future this will be a question asked by many. Thank you.
First, congrats on creating such an amazing resource for the rest of us newcomers. I’ve spent weeks reading.
Crypto currency is quickly gaining traction and to those who understand it, it’s obvious that it’s only a matter of time before the institutional banking systems of the world must confront it: either fight it, or integrate it. Integration can be taxed and regulated. With CME’s pending futures offering, VISA/MC facilitating its use, mainstream media’s positive coverage, and trusted brokerages adding it to their asset class investment options, it looks like integration in the US is the route. As is said, so goes the US, so goes the world.
Still, while perhaps 30% of people have heard of bitcoin, 99.5% aren’t yet invested. As you know, this is an expected pattern of technology adoption and maturitization, known as Gardner’s Hype Cycle. And as an investor, provided integration continues, this suggests to me that there is an enormous amount of upside potential.
This is my question: At this still early stage, volatility considered, how would the experienced investors of this group invest a large sum of money, i.e. $800,000USD? Diversification among alts? Scaling into BTC during the price corrections and dips?
My strategy is long-term, 1-10 years, more if warranted. I think in the near future this will be a question asked by many. Thank you.
Are you seriously thinking about taking investment advice from random strangers over the internet? Much less for $800,000... not a smart idea man. You need to contact experts and do some serious research on your on, without the opinion of people who do not know your full situation and probably know nothing about investing anyways. I don't want to give you bad advice, so I will stay out of it and not give any suggestions (other than buy and HODL).
Your suggestion is appreciated and correct. But, perhaps I’ll attract some intelligent crypto investing advice with this post that is unique. Surely, any advice would be strongly considered and vetted by myself and my advisor before any decisions are made. Diversification is key, obviously.
I am finding it a challenge to identify “experts” in crypto currency that have a positive understanding who are also institutional, ie Goldman, Fidelity, etc. and are able or willing to give recommendations. Such is the challenge of investing in a commodity before its officially adopted by the masses...
