There. Title adjusted. Glad he's still here.
Now predict the price for us, usdbtc monkey!
USD/BTC will follow an exponential growth path with periods of high volatility. Do not attempt to time-arbitrage USD/BTC, buy-and-hold, and DCA are better options. If you must trade, do try to learn beta-arbitrage and trade with a higher beta alt, or several. Keep an eye on the betas and beware of beta decay. This is all textbook stuff, you don't need me to do it.
There has been talk of inflation due to an explosion of alts. For now at least I really think Bitcoin inflation is all that matters, the rest can be treated as beta plays. Cryptos are still way early in the adoption phase, but keep an eye out for innovation tipping the balance between cryptos. Diversify. It is all pretty basic stuff really.
I am pessimistic about the prospects for many of the fiat exchanges.
Fascinating! I just yesterday closed all positions and moved my bitcoin off the exchanges. Normally I like to chip away at the volatility by providing liquidity on either end when the market is fluctuating. Of course this works much better during the oscillation period following a large move, not so great during a prolonged consolidation. I am getting the feeling there might be another large move soon, but I was feeling uncertain, so I decided to take the buy-and-hold approach.
Of course I'm speaking from confirmation bias, but your words make me feel better about my choice. Thank you.
