Interesting point of view - can I ask what crypto coins you've held onto over the last few years? Don't forget when the government got off the Gold standard and set the path of Global Debt we didn't have a tool to communicate or transact directly.. i.e. the internet.
ETH / Ripple is kinda of the answer to the Banks issues with BTC and JP morgan just joined Zcash and BTC only prospered in the process. I agree BTC has an big correction coming up but the days of worrying that one can't live with the other is gone for me.
The invention of photography didn't kill painters!
Thanks @rickrosenburg for taking the time to read the article and for your comments. I have held BTC but not for too long, sold it when the price broke $1000 to be safe. However, now, I can see the price reaching $5000, it seems like there is big money late to the party and flowing in quickly, so considering getting back in, I don't know about $10000 though. What do you think?
For sure, it was well written and I used to worry about what your getting at as well. That's funny I did the same thing and dumped a lot of coin around then too, it was a safe move for sure. I had a lot of doubt around that time, I got in around $50 - 70 right before it wen't over a hundred for the first time. Kicking myself I didn't hold on to more!!
I was astonished when $1000. I feel like I'll be more prepared for next zero at 10,000 ;) no way to know if it will happen but all signs are pointing way up this time. The ecosystem really need all this speculation on alts as a hedge for BTC if it does go bust.
I think this is a great time to watch and look for the right time to get back in, it was good to see somewhat of a correction today. It will plunge again, this time $1000 randomly for a day or two and CNN, FOX, MSNBC will say it dead again... buy that day my friend; it's worked out more than once for me.