iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
20,868 Blog Posts

An Update on my Crypto Holdings

Bears think it’s over. Bulls think we’re pausing. Ethereum just doesn’t give a shit. The move in cryptos is palpable and you’d be insane not to recognize all of the hallmarks of a move about to head into hyper-drive. Having said that, I’d like to reiterate my position on ETH as the dominate player for the blockchain — but also bring up a salient point about purchasing SHITCOINS.

It’s perfectly all right, especially if you’re buying into the fever and have bought into coins that correlate with major cryptos. In other words, there’s no point in being a crypto snob — thinking your project is better than the next. When we are trading asset classes we only care about making money. Along that point, there are several smaller coins that correlate perfectly with ETH and offer even greater returns. I have not really delved much into them because I am a firm believer in the efficient market theory. Nevertheless, I think it’s a foregone conclusion that BTC wants $100k. At 27.5 to 1 BTC to ETH ratio, ETH will trade at around $3750 at $100k BTC. Digging deeper, I can say with utmost certainty that smaller coins like LINK, UNI, and OMG will perform even better than ETH, as we march towards $100k. Naturally fraud or something fucked up can change the dynamics — but trading asset classes isn’t complicated and you don’t need to be an expert on cryptos to understand the dynamics of fear and greed and correlation.

I have a substantial fortune in ETH, only because I am up 10x. I have smaller holdings in a pastiche of cryptos and intend on creating a SHITCOIN basket on March 1st — because, as I said before, BTC to $100k is a trivial bet at this point and nothing in the world can stop it.

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5 comments

  1. one-eighty

    A bitcoin ETF just launched in Canada today. BTCC

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  2. metalleg

    I punch myself in the face for not mentioning this sooner but you should look into Pirate Chain (ARRR). It’s a privacy coin which could be better…I know, let’s not compare coins…than Monero.

    They just raised $25k from their community members, matched with another $25k by an individual, to get it listed on Changelly and Exodus.

    I think it’s the real deal (from a crypto perspective) and has a lot of room to run…like 100x from here, maybe more as the space develops.

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  3. itsgold

    At this rate, 100k by July.

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  4. monkeybot

    Time to bid on a Beeple…

    Christie’s Auction house accepting payment in ETH

    https://coinmarketcap.com/headlines/news/christies-beeple-auction-will-allow-buyers-to-pay-in-eth/

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  5. 'merica

    Fusion reactors will pave the way for 500k. Everything electric, limitless energy.

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