Post
Topic
Board Trading Discussion
Re: Turn $10,000 into 1 Million
by
HR
on 10/07/2017, 20:30:26 UTC
Just for my own edification, does "today's sales" refer to your profit-taking from LTC to rebalance?
Yes.

And presumably your move from GRS was similar? Never looked into that one before, but it seems to be doing well for you at the moment, ha.
Yes.

And re. SBD, what's got you thinking it's particularly undervalued (i.e. worth including in a portfolio; ignoring present conditions)? I get that it's got plenty of room to grow, but idk that I have much confidence with the underlying business model (blockchain social network). Seems like a solution looking for a problem? Doesn't mean it won't have a decent ROI, just something I don't understand much yet.
Theoretically, SBD is tied to the USD, and that means that it's a theoretical hedging device - a virtual exit of crypto. We'll see how well that plays out. For the first time in a long time it's actually worth $1.00. I liked that. BitUSD is another, similar type vehicle that I'll be using as I further hedge moving forward.