Torque
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January 18, 2018, 04:37:46 PM

Do you expect it to actually be uncorrelated though? I could easily see equity money fleeing into cryptos (alongside of gold) once it inevitably pulls back. At least if crypto doesn't somehow crash before that, which doesn't seem highly probable right now.

I agree with the overall sentiment though, I'm exposing myself to as much crypto as I possibly can without compromising my retirement status and have no intention of exiting. Even if perhaps not the best move from an investment/capital conserving perspective, I prefer positioning myself with what I believe in (which is decentralization without risking to be forced to work a job that I don't want to at any point in my life).

Let's put it this way, I think we'll see things accelerating within the next 12-18 months with Bitcoin ETFs. This December was a turning point. It's no coincidence that U.S. tax repatriation law was changed so that U.S.-based businesses could bring overseas money back home more cheaply. That was made to happen for one reason and one reason only: more stock buybacks and more pushing/propping up the stock market. U.S. corporations had completely run out of free cash flow to buyback and prop up their own stock prices, so they needed another infusion of fresh cash. And this was how that was made possible. But after 6-12 months, that money will too run out.

"A good hockey player plays where the puck is. A great hockey player plays where the puck is going to be."
-Wayne Gretzky