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RE: THE FLIPPENING - WE NEED TO DISCUSS...
Hey there @gamervaeda, thanks for your thoughts! Where do you think the majority of BTC capital will flow in to? ETH, LTC, others or cash?
Hey there @gamervaeda, thanks for your thoughts! Where do you think the majority of BTC capital will flow in to? ETH, LTC, others or cash?
I imagine it'll be spread out a bit. The fact that BTC has dropped from representing nearly 90% of the overall market cap down to 40ish% now highlights the growth of the space in general. There are more places to legitimately invest in (at least speculatively). Right now we see LTC finally seeing it's run up, Zcash, Dash, and many others. So, I don't think a majority will go in one direction or the other, but it's smart to diversify at this stage since options do exist. Ultimately some will just pull out entirely, some will pull a portion out, others will diversify, and the last set will just keep their eyes closed because they want to simply HODL. No strategy is wrong based on the information we have right now.
Thanks for your insights. It is true that in this market where things are till looking for their true value it is very hard to come up with strategies bases solely on analysis. News, technology and gut feeling play a big role at this point and from that perspective. I am trying to go for intelligent diversification and trying to mentally step into the shoes of new money entering and BTC fears and what would I do in their shoes. I try to make sure that I am waiting in the right spots for the coming inflows. Also, gold and silver are a great investment at the moment! Nice point to buy in if you have not already.
@Ozz