The Intelligent Cryptocurrency Investor
June 16th 2017, 1:49:10 pm
As an investor, I care a lot more about long-term returns than I do about making a quick buck. Sure, you can get rich chasing the ups and downs of so-called "shitcoins" (yes, that's a technical term). But it's a dangerous game, and at the end of the day if you make money, all of your returns will likely come from either instigating or participating in pump-and-dump schemes, and that's not something I'm OK with morally. Even a lot of the people who chase so-called "blue-chip" coins, like Ethereum and Bitcoin, don't even know why they're doing it. Yes, they think the price is going to go up-- but they don't have a good explanation as to why they think that. So, in this post, I'm going to explain how I think cryptocurrencies should be valued, and what I think will drive the long-term prices of cryptocurrencies. Along with that, I'll discuss why I think cryptocurrencies are headed toward long-term adoption as a medium of exchange (something I only recently became convinced of), what I think the adoption curve will look like, and what I think the dominant coins of the future will look like , among many other related topics that will hopefully be useful to anyone who's interested in the space.