The same oversight found in virtually any other investment. I like to see periodic statements of accounts, names of people controlling those investments, I like to know that certain regulatory processes must be adhered to and there is accountability by those controlling assets. I like to know the history of the players. I see none of this in cyber currencies, therefore I have not reacted to the fear of missing out and continue to keep my investments in traditional markets, understanding that while nothing is completely safe, I have much more to gauge that safety on without entering markets operating under the cloak of darkness. Your mileage obviously varies. So be it.
You control your own assets in crypto unless you're foolish enough to store them on an exchange. If you do that you risk getting goxed. I'm not trying to convince you to move your traditional investments btw. Bernie Madoff is watching over them for you.
The question to ask yourself is who is the authority charged with policing crypto currencies? If the answer is nobody then they are no better a longterm investment than the railroad stocks were in the mid to late 19th century. Huge spikes in value of an unregulated asset that is not linked to any tangible value are often followed by spectacular crashes, particularly in times of national or global turbulence. Just picture what would happen to crypto currencies if WWIII broke out and the early months were all cyber warfare.
The blockchain is here to stay in a big way. Currency or not. This isn't a flash in the pan. The technologies here are gonna change everything And the answer is NOT nobody. That's the point, the system is so embedded that it removes the need for 1 single authority. The blockchain is safer and more secure. The financial authorities that exist today will be adopting these technologies, not the other way around
As long as you are throwing your beer money/risk capital at it, why not? If you're draining your 401k to get into this, well, lotsa luck.
You need to read more Ron Paul. The network polices crypto currencies. If WWIII broke out the traditional markets would tank. Crypto currencies might be a savior. blockchain could eventually be used to govern - even on a world scale.
The biggest issue right now is the lack of regulation around the exchanges, which allow things like wash trading.
NEO going on a big run currently, and it's taking Gas with it. Seem to be the only currencies not affected by the dip this weekend.
Haha I did exactly what you said and paid off. However it was stressful, but feels oh so good now. Not like I am anywhere close to retiring anyway, got decades left.....felt like I could make it back if it did crash, to much reward....vs the risk.
Yes and wallets, exchanges will die to, and I suspect thats why coinbase, etc are in no hurry to give anyone their money back, etc. They know they will die to in time.
https://hackernoon.com/neo-versus-e...e-2018s-strongest-cryptocurrency-79956138bea3 They have a fucking city in China dedicated to people working on this shit.
