I am just thinking what will happen to bitcoin if it became clear that terrorism financiers are using it.
https://techcrunch.com/2017/12/20/litecoin-charlie-lee-conflict-of-interest/amp/ Litecoin founder Charlie Lee has sold all of his LTC BY JON RUSSELL
At the beginning didn't many say that about AMZN, PCLN, GOOG, NTFX, AAPL, TSLA, NVDA, FB, BABA, MSFT, INTC, MCD etc. Image how much you would have if you invested $1000 bux in each one and not look until now. I remember when PC's was a fad, only for hobbyist. The internet was only good for email. Sure there was a bump along the way, but image getting out in 1999, and buying ocean front property in Miami Beach and selling in early 2007. Some people did...
However, this time it's "different". 1 CME Bitcoin contract (short) was up $6,000 in one day (today).
Indeed. People severely underestimate how much convexity there is in disruptive ideas/products. If you think that something only has a 1% chance, invest 1%. Does it make sense to go all-in? No, it does not, only idiots would do that. Does it make sense to reject the idea completely? Same thing. Yes, food is one of the next frontiers. I keep wondering how I can get involved (it's also good for the world, so that's an added bonus). PS. I am long Amazon and a few other tech stocks from 2000 and added to that in 2003. That's what investing is all about - diversification and looking for good deals. PPS. Actually, just realized that I sold half of my tech stocks in Dec 2016 and am sitting on a pile of cash.