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January 30, 2014, 01:29:45 AM |
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A varied portfolio is good. I am hoping that BTC experiences another run, perhaps nearer to the end of 2014 which sees it at around 5k- if money come through via wider adoption, wall street, the W brothers' EFT etc. If this does happen there is sure to be fairly dramatic increases in the price of alts, as per the last price jump ie LTC, NMC, PPC, which gained some fairly crazy percentages. I would be that there are a whole other tier of alts which could now achieve something similar. WDC, DGC, DVC, NXT, are all in positions to achieve some huge percentage gains. Even if BTC doesn't achieve that kind of gain, miners will be cycling through an increasingly larger pool of alts, and whereas BTC may stay stable, those alts will experience large increases. I am betting on alts with longevity, good development, and even good institutional connections- I thought this about LTC (and NMC to a lesser extent) prior to the large jump from $3ish and that paid off well. It still has upside perhaps to around $100- but from there it becomes anyone's guess- and wider adoption matters more imo. Your strategy of playing the entire field should pay off, perhaps better than mine, but the field has become so large that it's tougher than ever to keep pace with. The hardest part, as always with stocks etc, is working out when to sell. I am a proponent of taking the long view- day trading, or selling too soon can lead to missing out on certain opportunities, and can place too much emotional investment on things. If you are taking a long-view in years, then I think that you'll come out on top no matter what happens. 100 times? Maybe!
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