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RE: Don’t take crypto investing advice from traders

in #cryptocurrency5 years ago

😂 It's all part of the modern "no-gender" trend!

I would agree that this is revolution level technology that we are talking about - especially when combined with factors you mention such as AI or gene manipulation (robotics and 3D printing are just natural manufacturing process / automation upgrades), you could probably throw nano-tech in there too.

I fully expect most cryptos to die. 80%+ are rubbish. Of those remaining, most have very poor leadership. Others will fall for pitfalls yet to become common e.g. internal security breeches in exchanges. I still think that careful coin selection combined with diversification can go a long way to protecting the wise investor.

I definitely agree with long-term trading, though so long that it really is more "investing" than "trading". I think that BTC will surprise you by just how long it endures. It occupies a unique niche as a crypto store of value, it is the only crypto that is widely seen that way. For that reason alone I expect it to endure for several hundred years or until something else revolutionary happens to the world of finance.

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