If I had invested "Hugely" in the IPO, I could have sold my XCR for double what I paid for it and been 15BTC ahead......... similar to many that bought in the IPO.
But, I did invest, but nit "hugely". I have increased my investment since then, but I am not in the top 25% of investors. I do expect XCR to increase in price as the value of the coin increases, but it is not going to be "sudden and overnight".
For the potential of "sudden and overnight" price increases in a commodity, my money is in mining stocks. It is the only area that is underpriced right now, and offers the best shot at 10-30 fold increases in price in a short time period. BUT......timing is the hardest part of any investment. Better to be a year early than a day late.
I am curious Litoshi, which areas of mining are worth in your opinion to invest in? and which website/exchange do you recommend to invest/monitor in that fields?
Eth.
OH OH ........ thread drift coming........... you ask, I answer.......
If you are interested in mining stocks, I suggest you check out
http://www.kitco.com/.
Lots of daily articles and news from the mining world, not just gold and silver, although that seems to be the main focus. Also tables on current prices of metals, currencies, and ETFs. They even have a pool fund where you can trade shares in physical metals. You can take delivery or buy/sell as you wish.
There is a weekly article written by Bill Matlack, rating the mining companies on a scale for buy/hold/sell:
http://www.kitco.com/ind/Matlack/2014-09-29-Metals-Mining-Analysts-Ratings-Estimates-Seniors.htmlThe lower the number, the better the buy. There are two articles weekly, one rates the Juniors, another the Seniors. I don't invest in the Juniors, as they are either exploration companies without mining operations, or start-ups that have not produced any metal. Seniors are the mature, producing companies.
Likely the best buy right now is Silver Wheaton. This company does not mine. The company purchased metal in the ground from miners needing cash years ago, and as it is mined, the company receives either the metal or the sale price. Silver Wheaton is getting silver for around $3-5 an ounce right now.
The reason the miners are a good buy now, is because the COMEX price for metals has been manipulated down to the cost of production, and even below the cost of production. So when the price of Silver rises even a few dollars, it is all profit. A price rise of $10 an ounce would likely raise the stock value 10X or more. $50 silver would see 100X stock prices.
Silver is an industrial metal mainly, and most of its uses result in it being thrown away in land fills. It isn't worth the energy to recover a few grams of silver or gold from each old cellphone, scrape the silver off old mirrors, or dig the silver out of each old solar panel. This results in a constant need for new sources of silver. BTW, most silver is mined as a byproduct of copper, gold, or other base metal mining. The lower demand for copper and base metals then affects the availability of silver.
I could go on here for 3 pages, but this is about XCR. PM me if you have SPECIFIC questions.