It's still a niche market I'm interested in and think people turn to more and more as faith in government and big banks decline. hell if anything this can serve as a kind of checks and balances system VS market rigging as consumers now have more options in putting their investments in.
Here I fully agree and that's also one of the hopes I have respect to cryptocurrency adoption. But I see it as a hope or possibility, not as a consistent theory ...
So I take it you then agree with Ray Kurzweil's view that "while futures trading is only bound to increase I just don't think we've found the right algorithm".
In some way, yes. Although I don't know it - it may be the right one. A way to hedge against a "better algorithm" is to observe the altcoin market and invest in all those that do something really different or solve a problem in a different way. It's however almost a full time job as you must be wary of scammers, liers, vaporware and other dangers (above all if you decide to invest in ICOs and cryptocurrencies in a very early stage) .
But as I wrote in the last paragraph, it is even possible that we don't need cryptocurrencies/blockchains anymore in the mid-term future because something better has arrived. Then all hedging was in vain.
TLDR: Don't invest more in cryptos than you can afford to lose (how many times have you heard that sentence?
).
