Imaging living thru an era When oil traded down to negative $39 per barrel and not thinking the same collapse could happen to the dollar one day. Imagine that.
The upwards meltup of cryptos continues, as BTC encroaches on $19k and ETH above $500. Even XRP is partaking in all of the glory.
I was a stalwart skeptic in cryptos years ago, only because of the unchecked enthusiasm. Since then, the world has gone fucking crazy. Is it so far fetched now to believe Amazon will join OSTK in accepting purchase using BTC? Considering there is barely any mainstream adoption to B2C transactions, I’d argue we’re literally in the early innings of this run.
My favorite is ETH, due to its ICO exposure. If afraid to buy now, dollar cost average every month, like I’ve been telling you fuckers to do for more than a year.
Most importantly, understand that this run will dissipate and then flag and falter. The point here is to diversify your store of value away from dollars into something alt. Gold is also a fine example, but BTC-ETH is by far more preferable due to its dominance in the black markets and money laundering venues where expeditious transfers are part and parcel of a modern criminal enterprise.If you enjoy the content at iBankCoin, please follow us on Twitter