I should cash out some now. But into what ? Nothing is better than NEM.
Ok, i´m waiting here till my head is going to explode.
I even start to ask myself, if i´m gay, lesbian, or from Mars, nothing is impossible now
No, seriously guys, how should i hedge my NEM-holdings, Bitcoin, cash, or what? Tell me.
Ok, i´m waiting here till my head is going to explode.
I even start to ask myself, if i´m gay, lesbian, or from Mars, nothing is impossible now
No, seriously guys, how should i hedge my NEM-holdings, Bitcoin, cash, or what? Tell me.
Didn´t see any meaningfull answer to my question. I´m serious. Thanks.
Coming from someone who knew about Bitcoin since 2011 and has been involved in the community since 2013, the guy who said that crypto is a technology that will span generations is right. Short of a 1984-style totalitarian regime happening, I can't think of any reasonably realistic scenario that could make Satoshi's invention disappear. After the whitepaper was written and the genesis block was created, Bitcoin and cryptos were here to stay.
My personal feeling is that by 2030 or possibly even within a decade, Bitcoin will have a market cap in the $50-100 billion range and more importantly, the trend of decreasing BTC dominance will continue due to simple market dynamics. Therefore, several altcoins (e.g. Ethereum, NEM, DASH, XMR, Litecoin, etc.) could have market caps in the low billions by this point as well. We're already seeing this happen with Ethereum right now and XRP and LTC (briefly) have also had $>1 billion market caps in the past.
I would advise against selling all of your XEM. In the short term, the price could come back down and selling XEM would have seemed like the right decision. But thinking further out, there is a big chance you could end up like the other guy who sold all of his 2.25 million XEM for 70 satoshis each. When Bitcoin spiked to $30 in 2011, many lucky miners cashed out their coins and used this to buy new cars and clothes and stuff. Unfortunately for them, many of those who sold their entire stash also lost sight of the bigger picture.
I still have about 80% of my XEM from the genesis block. I did divest some into Lisk and Ardor recently however. And of course, I keep some in BTC because that's the closest thing in cryptos to a safe haven you're going to get outside of fiat-pegged coins which also have their own problems (e.g. Tether, Nubits). I try to keep a fairly diverse portfolio because it's impossible to predict which coins will come out ahead in 1, 2, or 5 years time. It's simply far too long. But when Bitcoin started receiving mainstream attention and merchant support in 2013, it wasn't just Bitcoin that benefited. The entire crypto landscape benefited. And I suspect the same will be true in the coming years.
Thanks, i´ll treat myself to a few bitcoin (got some Ardor allready, but thats a long story
)Just keep in mind however that the return on BTC wouldn't be anywhere close to that of a good altcoin - i.e. if Bitcoin goes to $100 billion, that's a 5 times return on investment. If something like Stratis, Lisk, Ardor, or Waves goes to just $5 billion (1/20th of Bitcoin's market cap), that's a 100 times return on investment. Of course, the upside is that you're far less likely to lose much by sticking to BTC.
I myself only have about 10% of my crypto in BTC at the moment. Most people would call that insanely low but it's been working pretty well for me so far.
Yeah, it´s just an insurance, my finger doesnt want to push the button. but i have to . . . 20 % feels about right.
