Flying under the radar

Cryptocurrencies are, by their very nature, a more secure and independent form of money. Nobody should be able to monitor your cryptocurrency related activities if you don’t want them to. This includes government agencies like intelligence services, tax agencies and central banks. These entities will try to obtain your cryptocurrency information against your will. As a crypto holder and trader, how do you keep them at bay?

From https://www.dover.af.mil/News/Article-Display/Article/230757/small-dangerous-threat-innovative-program-aims-to-eliminate-bird-strikes-here/

The solution is in the title of this post: you have to keep your crypto dealings largely under wraps.

Why am I writing this?

For those having a moral conundrum with this topic, those who

Blockchains for Banks – Looking ahead

By now the crypto-savvy should all be aware that JP Morgan did not launch a cryptocurrency, it launched a private blockchain for its own use.

As I mentioned in the link: that was not at all surprising. What’s more, it won’t be the last such blockchain. Regardless of the dismay that Ripple fans will feel, big banks truly don’t care about crypto and would rather use their own blockchains (which they have total control of) than piggyback on somebody else’s solution.

What does this mean for crypto? Is it obsolete before it even gets off the ground?

Don’t worry. I have a

Diversify!

I often shout “Diversify!” when I speak about crypto, I even wrote a few posts specifically on that topic. I’m known for keeping a ridiculously over-diversified crypto portfolio that’s not very easy to track and manage (we’re talking way in excess of 50 cryptos here).

But is that all there is to diversification? Hold a lot of different cryptos – spread the risk and maximise the chances of finding something with good ROI – sell the ones that Moon and buy cheap (good) ones in their place?

Well – yes. That’s pretty much exactly what you should do.

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