mostly true
But as I said, it's being used as a trading vehicle rather than out and out 'cash in pocket'
How regulation will shape alts' futures, I don't know, but the most noisy denouncers are all heavily involved in 'old money systems' who, currently, have no means of profiting from the take up of people investing in Alts. They're like 1900s inner-London horse traders and stable owners discussing automobiles.
I am a believer in the long term integration of Alts into a coherent mainstream financial system and it's been a wild and bewildering ride so far. I would hate to be accused of Honda Accordism but what cost less than a grand in 2014 has allowed me, this year, to transfer back into gbp a mid five figure sum with a remainder still in alts 'worth' ten times that.
Quite possibly this is clouding my judgement, however, because I'm 'in' I keep my eye on what is developing and how people are suggesting the use of blockchain technology can be implemented, and it's all exciting stuff with many real-world applications. It's this that people are investing in. The coins themselves are more like shares in the tech, rather than notes from the bank.
Bitcoin has been the pioneer of a system that there are many secondary developments of. One of these, or a few of these will eventually replace it, but as an overall system, Alts will gain greater traction in society.
People dismissing it as 'Tulips' and 'a Ponzi scheme' haven't got a clue.
(, Tue 19 Dec 2017, 7:55, Share, Reply)
Then take your mid six-figure sum
and cash it the fuck out. Pay off the mortgage, and live comfortably for the rest of your life.
Do it now. Do it before this bubble bursts.
(
wheresthefish Partly filled with wrong, Tue 19 Dec 2017, 13:01,
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