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RE: Quick Cryptocurrency Tips Series - Best Exchanges, Wallets, Coin Picks, and More!
Regarding Z-Cash JP Morgan dropped $100 million into it this week. This action caused Z-Cash to grow 100% in value over 24 hours.
I have two things to say about this.
1st - when else in your life have you had the opportunity to buy into an investment before the banks get involved? not until Digital Currency for me.
2nd - The playing field is even. I wanted to buy shares of Air BnB, but by the time I get to them I will have been front run by the investment banks and the special access bankers and investors.
CHASE THE MONEY. You are 100% right on the banks. If the banks are propping up a space or a portion of the economy, you should be there.
And yes on getting in before or at the same time as everyone else. When IPOs were huge in the 90s there was NO WAY you could get in before they popped. Later, you had to run a startup or be in on the ground floor to get rich.
The playing field is now much more level thanks to crypto.
The squeeze and currency competition will happen!