Summer into Fall

I spent the first half of the summer watching the Bitcoin hard fork drama unfold, learning about ico's, and reading white papers. Listening carefully as the Bitcoin maximalists on World Crypto Network defended their position against the adherents of the New York agreement. I also started following the Dollar Vigilante, Clif High, Crypto Blood, Box Mining, Ivan on Tech, and a few others. Hundreds of hours spent listening, reading, watching, and buying the dips. What started as curiosity quickly turned into fascination and obsession. I couldn't think much about anything else. I decided that although the Bitcoin maximalist strategy makes sense for some people I am not one of those people. It's not that I couldn't resist the temptation of placing bets like a gambler in a casino. If fact I'm still up $200 from the only time I ever went to casino. That was 20 years ago and they aren't getting it back. For me it's more about discovering new ways to challenge old systems and the creativity involved in the alt coins and utility tokens. That being said I still hold the majority of my savings in Bitcoin. I do this for 2 reasons. Primarily because of the potential of Bitcoin to take over the monetary system as a whole. I think this is possible if it is developed in a way that makes it fast enough and cheap enough to use in day to day transactions. Secondly because even if it doesn't succeed as the primary method of payment I think a large portion of failed projects, half baked ideas, and outright scams are going to eventually flow into Bitcoin. Why not some other coin? If you haven't already noticed pay attention to how alt coin traders set up their trading pairs. This market is most often measured in BTC. Is this the new gold standard? For now it sure seems that way to me.