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June 24, 2017, 10:14:37 PM |
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I'm note sure about the 100k Bitcoin.
Exon mobile has a market cap of 374 billion, if Bitcoin was worth as much as oil then it would be worth ~21,000 a coin.
Since it happens to be a currency that the whole world could use... Maybe it could surpass it. At 100k a coin you're talking about 1.6 trillion.
It's possible, but damn that would be crazy.
I was in a similar situation - I threw 40 bucks into syscoin last year at .01 and forgot about it. Turned into 1000. I took the plunge and have an addiction to this forum now haha. I would go conservative with 70% - eth Classic, LTC look really good right now. Then split the remaining 30% into other coins - waves, verge, etc. If you make the right call on the 30% it's very easy for them to go up 3x typically. Then you still have 700 growing a bit. Reinvest the profit and continue
I don't know too much about fiat investing, but I know indexes do better over time then trying to game the market. I think a similar approach should be taken with cryptos. Focus on the compounding profits of long term holding to make a bunch. When you keep reinvesting some of the profit you have more opportunity to hit a coin where you can get huge rewards. In the mean time you have a steady train of 20-30% coming in.
I've almost doubled it so far... Im hoping we get a few more years of this type of action. If it does....well it'll pay for a few awesome vacations at the very least
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