Buy and hold ftw...
By 2020 we could have a 1 trillion dolllar market cap which could mean this is only 10% of where we can be in a few years...
Traders care about bubbles...
Visionaries care about utility and the beauty of the technology...
Steem can be $10 within 3 years easily...
RLC can be $10 within 3 years easily...
Ethereum can be over $1000 within 3 years or even this year easily...
All you have to do to give yourself the lowest chance of losing unnecessary money is to buy and hold...
If you don't want to worry about tax uncertainty and risk being haunted by the IRS, don't spend or sell, and simply hoard as much crypto as you can, and when they get their act straight and have sane policy years from now that will possibly be beyond 2020 anyway...
So buy and hold until at least 2020...
And of course you can trade as a way to be a deeper stakeholder, such as trading tokens to have enough to buy more Steem. Visionaries care about the future. I consider myself a visionary because I'm a futurist. Some others are libertarian, or anarchists, or socialists, or whatever utopia they see for themselves. Visionaries look for beautiful and practical technology for use in their own life, to build their own personal utopias, while traders simply seek profit without any long term vision or ideology.
There is a place for both. Profit is great and necessary, but profit for it's own sake is empty. It is true that profit is a means to an end, which is a usually better life for whomever is making the profit. Trading merely for profit doesn't mean by trading your life is going to keep getting better just because your numbers keep increasing in the wallet or bank statements. And vision in my opinion is personal, you don't have to share it with anyone, you don't have to join any ideology, or cult, or religion, or submit to any authoritarian vision of what your future should be, it's yours to build and tech are just tools from which to do it. Profitable tech simply makes it much easier and more fun to build.
LOVE this outlook. :-)
In the maelstrom, even here on Steemit, it is so refreshing to find more and more sane voices ringing true. I begin to feel more and more at home amongst the legitimate visionaries I came to find. It's such a simple yet blatantly obvious message for anyone willing to lift their eyes at least 6" off the ground, and I am glad to see you (followed and resteemed) giving it some clout!
Buy every Bitcoin dip. Hold as many as you can. Sell all FIAT to Bitcoin! Bitcoin is way to your freedom
If the U.S. government could ever get out of gridlock over every stupid political issue possible - and just get on with running the country... I sure hope that something will have to give by 2020, but I'm not very confident in the political process we have in place at this point in time.
If the best we can do is Donald Trump & Hillary Clinton... I'd say we've got about a snowball's chance in hell. SMH. 0.o
ReSteemed.
the government needs to go sit in a corner and play with themselves.
we don't need them.
Are you an anarchist?
The government is just a mechanism to defend rights and enforce law. Do we need law enforcement and rights?
you have NO idea.
an anarchist thinks that I am
WAAAAAY
far right..
Anyone else who Resteems my post will receive an up vote from me as gratitude.
I concur with your post and resteemed.
I'm trying to hold now 9 different cryptocurrencys, actually really curious what will happen in few years. They all woke up at the begin of 2017.
can u tell which ones? Im really new and wud love to which to invest in.
bitcoin at first of course, ethereum, artbyte, dogecoin (for fun), digibyte is doing great etc. You just have to do research a little bit.
I've been looking at artbyte--I can't figure out if it's awesome or not? I love the idea of it.
I very much agree. In my opinion, there is a greater than 50% probability that many crypto coins/tokens will have appreciated quite a bit by 2020. Buy and Hold! Resteemed!
https://www.reddit.com/r/ethtrader/comments/6gcfjm/we_may_never_need_to_cash_out_our_eth_in_the/
Do you know what is the authorities policy if we don't "cash out" but still use the cryptocurrency .
for example, using a debit card, you can buy practically everything anywhere. and officially i think they are the ones to transfer your crypto to fiat money... very convenient IMO, but the risk is maybe IRS knocking on your door anytime in the future
That is a good question. If someone has a gaming item in WoW which could be sold, or Diablo II, and they never sell it for fiat, but they use it in the context of the game, do they owe any tax?
This is something only a lawyer can answer but I'm not aware of any gamers being charged with tax evasion or told to pay taxes on in game activities. I'm not aware of Second Life activity being taxed until it is cashed out into fiat either. Can someone answer this?
I think cryptos offer an awesome opportunity for the future... and I agree that we're only at the very beginning; we're where the Internet was when it had a million users and was considered "something for deep nerds." Things are booming, but consider the TOTAL market cap of ALL coins compared to the market cap of Apple (at around $800bn) as ONE company... and that adds a little perspective on how far we have yet to go...
Upvoted and resteemed!
Excellent point @dana-edwards. I'm more of a value investor myself, investing long-term in blockchain projects that I wholeheartedly believe in, so I buy and HODL! Upvoted and re-steemed!
Buy, hold, and pray! Resteemed, upvoted, and followed! Cheers mate!
Buy and hold. To the moon, Alice!
Resteemed.
Great idea!! It's so tempting to sell high and buy back lower but taxation and extreme volatility scare me away from that. Hodling for now!! Resteemed and following. Great post!!