https://i.imgur.com/eSIsYw9.jpgThere is a time for everything, a reason for everything, and nothing ever happens by chance, and the time has come for me to say goodbye to Bitcoin Forum. The hack of my account comes at a very opportune time – it’s almost too uncanny to be true. I had just taken the model portfolio into a “stagnate” long term phase not too many days before, with the promise to only rebalance in response to major changes and as seldom as possible. Destiny stepped in with a better idea: leave things exactly like they are forever.
So we’re going to leave the portfolio locked forever in its current state. If something goes to zero, then so be it. If something goes to 99% of the portfolio, so be it. It will be interesting to see how it does over the years. I’m confident that this simple example of a high quality crypto buy and hold will be worth millions (with an “s”) in not too many years. Someone might even start a payout scheme when that happens.
It’s been a very productive 5 years for me here on Bitcoin Forum, time to flush out enough schemers, scammers, egomaniacs, impostors, wannabes, during the formative years of cypto infancy to get a very good grasp on what the sector’s all about. Time enough to discover who really knows what they’re doing, who honestly believes in, and is working to implement, the basic crypto decentralized and widely distributed ethos, and who, as a result, has the integrity to be truly transparent in the fullest sense of what that means in an open source world.
Times have changed, and we must change with the times. I believe that crypto has crossed an ephemeral bridge from infancy with limitless dreams and aspirations to maturity with very limited long term prospects where the vast majority will slowly fade away while only a few, most likely in the handfuls, will survive. It’s no longer about discovering how things work and who’s behind the wheel, rather it’s time to make decisions based on what we already know. For example, first generation technology is not going to change. The days of one man POW dev teams are running out. The same can be said for original PoS. I believe that only proven secure, cutting edge solutions with real life applications will succeed, and I think that the model portfolio core consists of representative and extremely viable candidates, along with a couple of “long shots” that have a decent chance of making the transition.
As I’ve mentioned before, I plan to become more active within the communities of the projects I’ve chosen to invest in. My focus has changed. In a sense, I’m also transitioning – I’m moving from the information gathering stage to the collaborative implementation of the projects I think will indelibly mark the future of crypto.
And what better way to see how this works out than to leave the model portfolio “frozen” in its present state? Nothing happens by chance! This is a perfect way to sign off.
Remember, I said it will be worth millions.
My most heartfelt thanks to everyone here on Bitcoin Forum with positive contributions over these last few years, and all my best for future success.
Cryptographic, aka HR
Congratulations on an amazing thread, it was definitely inspiring and very though provoking. All the top coins in your portfolio hold great long term potential with the exception of the STEEM project, which is too convoluted for its own good, and seems even more stuck in its echochamber after last year's updates to the whole business model and STEEM conversion system. Thus I cannot consider that endeavor on a professionally competitive level in its current state...
Your top pick ADA, on the other hand, is going to be among the stars of 2018, and you entered at an amazing price, well done.
