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I'm not interested in your put options on BTC (nobody in their right mind would sell you that), but I would make a wager that the percent increase of total "mar
by jerkstate 9y ago
I'm not interested in your put options on BTC (nobody in their right mind would sell you that), but I would make a wager that the percent increase of total "market cap" of all "cryptocurrencies" (loosely defined as cryptographically secured tokens redeemable for fiat currency, e.g. coins listed on CoinMarketCap) at least 2 out of 3 of 5, 10, and 15 years from now exceeds the total "market cap" increase of the S&P 500 in the same period. I believe my bet more closely models the prediction I am making - that cryptocurrency gains will continue to outstrip S&P 500 gains.
- bluedevil2k 9y agoI would take that bet, since I think 98% of the crypto's on this CoinMarketCap will be non-existent in 5 years.
- jerkstate 9y agoI think you misunderstood me - I don't think that buying and holding any of the current tokens on CMC is a particularly good idea. You have a very very low chance of picking the ones that will be around in a few years. However, staying aware of what new development are coming around and trading into the new promising ones as they become successful may be a good growth strategy. I agree with you that 98%+ of the current coins will be dead in less than 5 years - but there will absolutely be new ones with an increasing amount of value. There may well be a point in the coming months or years that the market cap of current crypto deflates - maybe by 90% or more - but new cryptocurrency applications and tokens will certainly exist in 5, 10, 15, and 100 years.