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May 30, 2018, 11:01:58 PM |
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There are several parallel trains of thought when it comes to crypto investment...
(1) It is a fad, and the excitement will eventually subside (2) It is a true alternative to fiat currency (3) It is our future, and fiat currency will eventually become non-existent
Within (1), I would imagine there is some truth for many, but not all, of the various currencies and tokens out there. Some are destined to fail, if only because of other coins competing for attention in the same genre or field.
Within (2), there are many opportunities to see fiat and crypto coexisting in many parts of the world.
As for (3), I believe crypto cannot completely replace fiat until such time as all people globally have easy access to the necessary technology and internet access. In large parts of Africa, Asia and South America, I think we are still some way off.
So then the question becomes...
If you believe in (1), what is your exit strategy? At what point do you pull the pin and convert all your crypto back into fiat?
If you believe in (2), do you have a plan?
If you believe in (3), how long do you think it will take for fiat to disappear?
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