Still entertaining
Yeah, but I had a revelation - and as a result I'm gonna have to make a change to one of my major predictions.
I said bitcoin would gets its ETF and by next year we would see a $1,000 bitcoin price.
Well, I was wrong. $1,000 is gonna get blown out really fast. Too fast. I'm now seeing at least a $5,000 piece for Bitcoin and quite possibly as high as $10,000 within 12-24 months after the ETF license is awarded.
Yeah, it's gonna get that crazy. So that means coins like ixCoin hitting $100 or Devcoin hitting $1
is gonna be a no brainer. Only problem is picking out the coins which will gain the most as not all coins will go that high on a % basis, although they should all be worth much more than today, even CrapCoins, if you can believe it.
Yeah cause you have to have no brain to actually buy devcoins
At nearly 2 million Devcoins per bitcoin - that's a steal. Devcoin has a design problem in that it prints too many coins but at this level it's nearly impossible to not make a profit in the near future especially with the Bitcoin ETF coming.
Bankers will look for the older coins as they offer better quality, more trust as opposed to newer CrapCoins and scamCoins so devcoin would be a candidate for an alt coin basket in the event Bitcoin gets its own ETF.
And to spend $1,000 on devcoins at this ridiculous low price just to make sure you cover your basis its really a no-brainer and not a big risk. Only 1 coin had to pop for you to literally get rich when this Bitcoin ETF Takes off cause that one coin is gonna go up more than DELL did in the 90's. Bitcoin did it, Litecoin did ti and Namecoin did it and that's was without the crazy hype and media frenzy that gonna go global by next year.
Here I am screaming from the rooftops and nobody hears me!
Bank on it!I personally like the idea behind Devcoins... It's pretty ingenious and also incredibly hard to clone... but you don't buy them you can make a ton of them on Devtome... wasting Bitcoin's buying devcoins is dumb broooo
Here's the problem with earning them right now. I did the math and its not even $3 per hour.
If you have time to kill, sure but if your time is worth more than $3 per hour then its better to just buy them.
I did write for almost 2 months and earned around 15 million coins but once the earnings dropped so low and on top of that the value dropped by around 85% it was just hard to stay motivated to keep writing.
And given Devcoin is printing 200 million coins per month and they have no cap, ever, 15 million coins just isn't enough. I think I need at least 30 million just to be sure in case Devcoin is gonna end up being that coin.
I like ixCoin cause its gonna be an interesting story in 18 months when there's no more coins and its such a bitcoin clone that bankers may see what I see: hey, if bitcoin can go to $1,000 per coin with their ETF why don't we do an ETF for ixCoin, even the developer name has a Satoshi sounding name, its a perfect sell.
And I like devcoin for totally different reasons - it's a great socio-political play. I can see countries like France and Canada really liking a coin like Devcoin - it's a job creation coin, it's socially responsible - it's a politicians pipe dream, man, talk about an easy sell.
So we'll see - I'm hoping to mine other coins, including CrapCoins cause you never know what will resonate with bankers, hedge funds or the masses looking to invest in a different alt coin.