Bitcoin, Cryptocurrency, and the Future of Global Finance

#128
#128
n_huffhines said:
I've seen 249% growth in my portfolio since I started investing in November. Man, I wish I had gone all-in on Ethereum. It's up 329%. I'm going to keep putting in there despite being high right now. They are going to be the backbone of the crypto world. Bitcoin will be the biggest name in digital currency but everybody will build their businesses around the Ethereum platform.
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Know anything about Golem? It’s on the Ethereum platform.

Sounds like it is Cloud affiliated and allows users to use the token to buy computing power.
 
#130
#130
Just for information on my part, how much of your portfolio do you guys invest in these vaporware/crypto currencies?
 
#131
#131
VolStrom said:
Just for information on my part, how much of your portfolio do you guys invest in these vaporware/crypto currencies?
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I have like 95% of my $ in index funds. About 5% in crypto, and that's only because the market quickly doubled my portfolio. I also now have 5 acres and a tiny home cabin in KY that I will air bnb. So the large majority of my $ is in very safe investments. My crypto $ is money I can afford to lose and it has the potential to get me where I want to be 10 years earlier than planned (so partial retirement by 50...I don't ever want to be fully retired, I don't think).
 
#132
#132
n_huffhines said:
I have like 95% of my $ in index funds. About 5% in crypto, and that's only because the market quickly doubled my portfolio. I also now have 5 acres and a tiny home cabin in KY that I will air bnb. So the large majority of my $ is in very safe investments. My crypto $ is money I can afford to lose and it has the potential to get me where I want to be 10 years earlier than planned (so partial retirement by 50...I don't ever want to be fully retired, I don't think).
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Thanks for that. I think some people thought that the people investing in this "investment" had put more money in it that just play money.
 
#134
#134
VolStrom said:
Just for information on my part, how much of your portfolio do you guys invest in these vaporware/crypto currencies?
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About 1%

95% of my portfolio is split between the Big 3

60% - Equities
10% - Fixed Income
25% - Real Estate (Rentals)

There’s more in this world than Vanguard Index Funds. Go buy a Coin... you might like it 😉
 
#135
#135
85SugarVol said:
About 1%

95% of my portfolio is split between the Big 3

60% - Equities
10% - Fixed Income
25% - Real Estate (Rentals)

There’s more in this world than Vanguard Index Funds. Go buy a Coin... you might like it 😉
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1% is play money and I have no desire to play with fake currencies. I did my speculating on crappy pharma's decades ago.
 
#136
#136
n_huffhines said:
Ethereum, high concept:

Ethereum is a platform that stores extremely secure data. They have set up different kinds of tokens that interact with that platform and they perform useful functions. For example, look at the real estate world. It's in the dark ages and still hasn't gone digital. It's likely that real estate will leap frog digital tech as we know it and go right into smart contract tech, which is what crypto enables. Because of the perfect accountability of the system and other benefits of the tech, you can choose to cut out a lot of middlemen (banks, brokers, etc.) to get transactions done. That's what people are talking about when they say "decentralizing" tech. Now apply this to every industry.

Take an artist, for example, who is getting pirated right now. Attach their digital music file to a crypto token and it becomes uncopyable.

High high concept: it's making transactions and exchanges easier, better, more efficient, and more secure.
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Its a really good thing I have a copy of all of the good music that's been written. :)
 
#140
#140
Velo Vol said:
Isn't a thing about crypto that it's supposed to be decentralized?

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The ledger is decentralized, that speaks more to transparency than it does geography. More than likely these cryptos are going to coalesce somewhere much like other industries.
 
#141
#141
DancingOutlaw said:
The ledger is decentralized, that speaks more to transparency than it does geography. More than likely these cryptos are going to coalesce somewhere much like other industries.
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Isn't the whole system decentralized? If there's a physical nucleus, where is it now? The Silicon Valley of cryptofinance.
 
#148
#148
I am a HUGE fan of Dennis Lynch and the CounterPoint Global team at Morgan Stanley. They’ve been very, very good to me over the last few years.

They’re some of the best active managers in the business. (You equities only guys should check them out)

Morgan Stanley arm eyeing bitcoin investment: Bloomberg

Counterpoint Global, led by Dennis Lynch, has expanded with a simple-sounding mantra of betting on unique companies whose market value can increase significantly. Enthusiasts would argue that approach fits well with Bitcoin.
The group oversees about 19 funds, of which five delivered gains in excess of 100% in 2020. Its mutual funds have consistently made the top tier of rankings in recent years.
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