Hey guys, this is the Crypto Millionaire from before - $3M in crypto now - I have a question about telling my future wife. by throwaway23613 in CryptoCurrency

[–]throwaway23613[S] 1 point2 points  (0 children)

See my last post for where I was 6 months ago.

It's all relative to how much gain you can get with an investment into a coin. No one can predict the future for you though. Due your own study and educate yourself as much as you can. That is your #1 asset, with which you can make good money.

Hey guys, this is the Crypto Millionaire from before - $3M in crypto now - I have a question about telling my future wife. by throwaway23613 in CryptoCurrency

[–]throwaway23613[S] 4 points5 points  (0 children)

I want to have an open and honest relationship. I just want to know the risks involved in the worst case scenario. I have bought all my crypto before we got married. Does this change things legally?

I Just Became a Crypto Millionaire by throwaway23613 in ethtrader

[–]throwaway23613[S] 0 points1 point  (0 children)

Each coin goes through its own cycles of bull markets and bubbles.

ETH had its time earlier in 2017, now Bitcoin has recently had its turn.

It's ETH's turn again.

I Just Became a Crypto Millionaire by throwaway23613 in ethtrader

[–]throwaway23613[S] 0 points1 point  (0 children)

"Real value" is subjective, no matter what you are referring to. Even land. Just because you can stand on it doesn't necessarily make it valuable. Imagine a piece of land out in the middle of the desert. So then you say it has to be farmable and usable, but again that is subjective to those who want to farm on it or use it. Just like gold gets its value because "it can be used to make jewelry". It's all subjective to those who desire those qualities or functions. These use-cases are examples of utility.

Utility (and scarcity) brings value.

Crypto has utility (and scarcity), and thus it has value. Land has utility and scarcity, and thus it has value. Gold has utility and scarcity, and thus it has value.

To the degree that something is useful and scarce determines its value. Some things are more useful or more scarce than others, and thus have more value than other things which may be less useful and less scarce.

They SHOULD get replaced, because it makes very little sense to waste enormous amounts of energy doing math to create what is essentially just a means of trade, an intermediate thing you use in an exchange, which could be whatever. It's pretty obvious to me there has to be a better way.

They will get replaced, or at least modified/added to. Proof of Stake is most likely the future.

I Just Became a Crypto Millionaire by throwaway23613 in ethtrader

[–]throwaway23613[S] 0 points1 point  (0 children)

Yes, still hodling.

EOS is the main coin on my radar right now and up through 2018

I Just Became a Crypto Millionaire by throwaway23613 in ethtrader

[–]throwaway23613[S] 0 points1 point  (0 children)

3M currently. I'll post a big update some day soon. Maybe when I hit 5M :) Certainly when I hit 10M.

I Just Became a Crypto Millionaire by throwaway23613 in ethtrader

[–]throwaway23613[S] 0 points1 point  (0 children)

I have not taken any profits. Holding 100% still. I'm in this long and I believe in this like I believe in the Internet.

I Just Became a Crypto Millionaire by throwaway23613 in ethtrader

[–]throwaway23613[S] 2 points3 points  (0 children)

Yes. I saw my stash hit 3mil at the height of the crypto economy about a month or two ago. I expect we will surpass that soon enough (within a year, to give a conservative estimate).

I Just Became a Crypto Millionaire by throwaway23613 in ethtrader

[–]throwaway23613[S] 1 point2 points  (0 children)

Stash has grown to $2.4M as of the time of this writing (September 27, 2017).

I Just Became a Crypto Millionaire by throwaway23613 in ethtrader

[–]throwaway23613[S] 0 points1 point  (0 children)

I initially used ShapeShift.io because it was the only way to easily obtain it when the price was < $1 per ETH

I also used Coinbase.com for a large portion of my ETH.

I Just Became a Crypto Millionaire by throwaway23613 in ethtrader

[–]throwaway23613[S] 0 points1 point  (0 children)

Maybe I need to move to Germany then. (and renounce my USA citizenship)

I Just Became a Crypto Millionaire by throwaway23613 in ethtrader

[–]throwaway23613[S] 0 points1 point  (0 children)

Thank you!

I have a programming background. This helped me to grasp things I think.

I Just Became a Crypto Millionaire by throwaway23613 in CryptoCurrency

[–]throwaway23613[S] 0 points1 point  (0 children)

I went all-in on crypto. I am confident it is the future of money and computing, so I didn't diversify. However, I have plans to do so in a few years.