Randy and I talking about crypto at SteemFest

Some here on Steemit may not be aware that I have been talking about Crypto since 2011. I began buying very little in 2011 -2012 but did start my buy and hold strategy at that time. Lost some in different tests and even mined a little to a drive I cannot find. In 2013 I was serious and started buying below $300 and have kept adding, growing, mining, and trying many different ways to earn, and diversify. When I survived the ETH hardfork and ended up with double coins and sold at $14 USD I felt really smart until now with the price at $700 USD.

Now today is here, and FaceBook only makes me angry so I am going to post here first. Then share to Facebook and everyone will just need to get a Steemit account. So here goes my posting here for today, and I will try to add my thoughts, and commentary on the different news headlines that catch my attention, and drive what crypto I'm involved in.

Since I come from a hardware semiconductor background I lean towards technology I think will be adopted, and have international appeal. Sometimes it's also about what others think have value, and today that is what I'm focused, and researching about.

With Bitcoin's rising sometimes people has a tendency to pile on. Now we are holders of bitcoin, but I don't think that is where the real story will be. Some of the Alt-Coins have functionality that bitcoin just doesn't have, and I'm not the only investor that has noticed. Major investors have noticed, and plans are moving forward to create very large hedge funds. One of the hedge funds is from Galaxy Investment Partners, and when investing long term I do want to know what others find interesting, and possible long term value. I then take this information and compare it to what I know about a certain company or project.

Image via CNBC and link to article is here.

Meet the hottest thing in hedge funds right now: the 'crypto-fund'

Image from CoinMarketcap.com

I'm focusing on this list from coinmarketcap today, and will add positions to most of these. I'm not a fan of Ripple due to their international banker, and central banker connections so I may not buy any Ripple.

I don't know what crypto's they will target but Galaxy Investment Partners will start buying 2.5 Billion worth of crypto-currency very soon. Hold good assets, and be ready for volatility and larger swings within the Alt-Coins. I'm going to scour through any old media for hints at what might be of interest to them, and will report back here in future posts.

Until Next Time

@johngentry