Don't treat Crypto currencies an investment, but primarily as "honest" money

For my wife's birthday, her sister and brother-in-law took us to lunch at a nice restaurant. The restaurant's computer system went down and they couldn't process their credit card; the waitress asked if they could pay in cash (about 50 bucks); they couldn't because they now rely on the Federal Reserve's (a private bank) electronic currency plastic card based on the dollar almost entirely.

I offered to pay cash (Fed papers), but the restaurant got things worked out and used the credit card. The point is that the Fed has the US Government's authority to create as much of their internet currency (dollars) as they want, which means they can steal through inflation; currently a real 10% per year (see John Williams' shadowstats.com 1980 based figures). Yes, they steal 10% of the nation's wealth every year.

People in the know have figured out this "best Ponzi scheme the world has ever seen" and are sick of it; not just here, but all over the world. Cryptos with limited supply solve most problems with government-approved fiat money, so probably $200 trillion or more, plus many more trillions in other "assets," will eventually move to cryptos and fiat will collapse: Few if any more wars, much less government waste, goodbye welfare, etcetera, etcetera, etcetera.

I will buy a hat and eat it if 100 of the top 200 cryptos don't take the place of the hundreds of fiat garbage we use: Dollars, yen, yuan, pesos, and such. The other 100 will take place of the garbage stocks, bonds, etc. that people use to store wealth.

James Altucher, in his short book CRYPTO-CURRENCIES 101, HOW TO MAKE A FORTUNE FROM DIGITAL CURRENCIES, tries to compare cryptos to stocks, which can be created in as many numbers as a company's board of directors wishes, which dilutes the value of existing stock. As with others, I think he understands cryptos and their code; I don't think he really understands money.

I've learned one thing in the past year of watching YouTube videos and reading articles and books on cryptos: They are NOT an investment, just like gold and silver are not investments; in other words, they don't pay dividends. They are a form of wealth preservation and real money. Since everyone knows the maximum number of coins or tokens (there's a difference) there will ever be of any one kind, they cannot be manipulated like gold and silver can by the thieving bankers and their Futures game (Fort Knox might have millions of ounces of gold, or it might only have painted lead bars, as with many other repositories).

Several cryptos are already being used around the world as money. More and more will be used that way, and at some point most people (after the train left the station and even the country) will figure out that cryptos is where they need to have their money and keep the banks and governments from stealing them blind.

To quote Altucher's book:

"Did you know that every single boom throughout history has followed a three-step script? The stock market boom in the roaring ’20s… The tech boom in the 1990s… The housing boom in the 2000s… And now the booming cryptocurrency market is following this exact same road map."

He's talking investments and manias. What the top cryptos offer is a switch from dishonest money to honest money, which means squeezing trillions of dishonest money into billions of honest money, and those who exchange early will get the best exchange rate: A Litecoin for (today) less than 350 dollars instead of for 10,000 dollars in the near future.

Here's the plan: Diversify and hold cryptos like you would gold and silver. Don't play with them trying to make fake money (dollars). They'll go up and they'll go down, but in the end, if you play it right, the next house you buy might be for one Ether, or perhaps one Dogecoin. Through ups and downs, HODL (Hold On for Dear Life), but don't convert back to fiat.