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September 28, 2013, 07:37:36 AM Last edit: September 28, 2013, 08:03:39 AM by Capitalism Prevails |
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I decided to allocate a little less than a third of my BTC to invest in BTC equities. I spread my risk across BTCT, BitFunder, Havelock, and CoinBr. BTCT got shut down and i took a huge hit there. MPEx was hacked recently and they say all the funds are safe so we'll see. I certainly don't have as much peace of mind keeping funds there. Then the Active Mining sell off happened. My positions have also been depreciated due to BTC deflation. Is it a fools errand to be doing this? Should i just cut my losses and consider my BTC as shares of the Bitcoin corporation with a current market cap of 1 billion?
Should i wait until colored coins becomes real? If colored coins ever does happen, how would it address exchange problems like BTCT shutting down or CoinBr being hacked? My rudimentary understanding is that a colored coins could be stored on self hosted wallet like regular BTC but without the regular fungibility. Is this true? If so, all problems should be solved except for the deflation problem. If a BTC is reclassified as a colored coin, would it contribute to more deflation because of a smaller supply of regular BTC?
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