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RE: Playing with crypto is not a shortcut to getting rich
I think you are very right big picture, but this is a fantastic bubble, very early innings, but yes when you hop in a cab or uber and they are talking about the next big crypto look out, well maybe not here in San Fran
Good post, good things to think about
I think a good way to judge what inning we're in is how many people are talking about it... at least in my world, it is completely mainstream. I'd say we're in the later innings, but my sample set may be more techie biased.
Yes, my set still had no idea or understanding, they all still talk about the dark web, and hackers ripping people off. I think a big addition to this bubble will be Ledger X, institutional money hasn't even got in yet, but they will when they can hedge it. Also read there will be options available this year from CBOE
Also be rational, if everything went to zero today, it would suck, but I could still make rent and car payments. Small position sizing, then the risk to reward is outstanding