Crypto Theses for 2018

Hello Reader,

It’s rare that I post straight links to other articles, but sometimes they are too good not to share. This time, I’d like to call your attention to an excellent post by Ryan Selkis, a long time crypto currency commentator and industry figure.

In the post, he shares his theses for the year ahead in a long list of insightful observations. Whilst I don’t agree with all of Ryan’s predictions, I think he is close to the truth for the majority.

To wet your appetite, a few of my favourites:

1a) Unbelievably, the institutions will be the last money in this time, with the futures market and custody solutions just coming online, and the mythical ETFs perhaps not too far behind. This has been properly hyped, I think. I could see a Q1-Q2 stampede.

32) Most crypto trading during the run up is a sucker’s game. You’re trading against BTC as a reserve, but every trade causes a taxable event in fiat. In a parabolic up-market, trading nets you big, ordinary tax liabilities, clipping your overall crypto exposure.

38) The nice thing about life-changing amounts of money is that it frees people up to work on their passion projects without fear. Those who grinded on passion projects for years, probably haven’t changed their daily routines, but the pressure’s now off, so they don’t have the cognitive overhang of money worries. (Corollary: Look to work with people who aren’t distracted by daily crypto trading, unless of course you want to spin the roulette wheel and join a new fund.)

47) The Charlie Lee LTC sale was one of my least favorite things that happened all year because he’s one of the industry’s good guys. (I should note that he was also one of my most generous supporters back when I blogged for tips in 2013–2014.) BUT it’s not heroic for you to eliminate “conflicts of interest” by selling your stake after a 100x run-up that was almost certainly fueled by your own vocal advocacy, including on CNBC. Keep skin in the game, man.Enjoy the upside! Or go down with the ship.

What are you waiting for? Check out Ryan’s full post on his blog.

Until next time,

X.

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