01-06-2018, 12:02 PM
Blockchains have absolutely captured my imagination since mid-2017. I had heard of Bitcoin back in 2012-2013, but didnt really dig deep enough to understand what it was and never really dug into the technology behind it. Suffice it to say, I regret that decision now.
Thats pretty cool crimsonghost747 that you found $1300 worth of BTC in an old hard drive
I was reading anything and everything I could get my hands on back in summer to learn about blockchains, before I decided to put any money into cryptos. I wanted to understand the technology first before I put any money on it. Being in the tech field helped in gathering the info, and some of my education back in the day came flooding back and I was sold. To make a long story short, I think there is lots of noise in the system, with the current craze in cryptos....but the underlying technology is solid. I have no doubt in my mind that the next Google and Amazon are being founded right now!!
Back to the topic of cryptos -- I started off with ETH and LTC since I though I had missed the boat on BTC when it was trading at $5K (lol, I know). Anyway...I decided that I still want some exposure and bought some BTC later in fall. I mentioned in a previous post that I own 6 cryptos -- 3 currencies (BTC, ETH, LTC) -- of these, LTC is my biggest holding. I have more confidence in ETH than others since its a platform than just a mere currency, but I had to spend most of my ETH to buy other altcoins. I also own 3 altcoins/utility tokens -- BAT, AION and IOTA.
What I love about the cryptoassets is that they are a hedge and a brand new asset class. There is absolutely no correlation to any other asset classes that exists. This makes it a great way to diversify your wealth and protect your assets.
If interested, I have cryptoasset portfolio summarized in this blog post, with links to each of the individual token purchases. The diversification graph in that post looks nothing like that now..since the crypto world changes so fast...now, my biggest position is AION -- which makes almost 40% of my cryptoasset portfolio.
I do have a word of advice for others who are not sure about venturing into the field. You should still get into it. Buy $10 worth of crypto (ETH is a good choice for this, since transaction costs are low, is relatively fast etc), move it from exchange to wallet, experiment with software wallets, hardware wallets, try out some transactions and see how you can trace it publicly (via etherscan.io for ETH). You will see the value that it provides. Sure, some of the things are frustrating at the moment, but the tech is being improved at an alarming pace, and most of the nuisances will be forgotten. Wallets were a nightmare a few months ago, but its a breeze now (FYI, I use Exodus as my software wallet and recommend it). The experience of using and transacting cryptos will be good to have. If nothing, it will get you comfortable with the technology and make your life easier when we transition to fiat-cryptos.
Thats pretty cool crimsonghost747 that you found $1300 worth of BTC in an old hard drive
I was reading anything and everything I could get my hands on back in summer to learn about blockchains, before I decided to put any money into cryptos. I wanted to understand the technology first before I put any money on it. Being in the tech field helped in gathering the info, and some of my education back in the day came flooding back and I was sold. To make a long story short, I think there is lots of noise in the system, with the current craze in cryptos....but the underlying technology is solid. I have no doubt in my mind that the next Google and Amazon are being founded right now!!
Back to the topic of cryptos -- I started off with ETH and LTC since I though I had missed the boat on BTC when it was trading at $5K (lol, I know). Anyway...I decided that I still want some exposure and bought some BTC later in fall. I mentioned in a previous post that I own 6 cryptos -- 3 currencies (BTC, ETH, LTC) -- of these, LTC is my biggest holding. I have more confidence in ETH than others since its a platform than just a mere currency, but I had to spend most of my ETH to buy other altcoins. I also own 3 altcoins/utility tokens -- BAT, AION and IOTA.
What I love about the cryptoassets is that they are a hedge and a brand new asset class. There is absolutely no correlation to any other asset classes that exists. This makes it a great way to diversify your wealth and protect your assets.
If interested, I have cryptoasset portfolio summarized in this blog post, with links to each of the individual token purchases. The diversification graph in that post looks nothing like that now..since the crypto world changes so fast...now, my biggest position is AION -- which makes almost 40% of my cryptoasset portfolio.
I do have a word of advice for others who are not sure about venturing into the field. You should still get into it. Buy $10 worth of crypto (ETH is a good choice for this, since transaction costs are low, is relatively fast etc), move it from exchange to wallet, experiment with software wallets, hardware wallets, try out some transactions and see how you can trace it publicly (via etherscan.io for ETH). You will see the value that it provides. Sure, some of the things are frustrating at the moment, but the tech is being improved at an alarming pace, and most of the nuisances will be forgotten. Wallets were a nightmare a few months ago, but its a breeze now (FYI, I use Exodus as my software wallet and recommend it). The experience of using and transacting cryptos will be good to have. If nothing, it will get you comfortable with the technology and make your life easier when we transition to fiat-cryptos.