Quote from: richardsNY on June 07, 2018, 06:14:17 PM

I am glad that I don't have to hedge anything since a large chunk of my wealth is parked in Bitcoin already. I do hold a relatively small amount of gold as well

Umm....wouldn't you want to diversify or hedge the bitcoin? I'm not sure how wise it is to keep most of your wealth in crypto, even if you're young and have a high income. It's one of the riskiest investments you can make. I think it's even riskier than getting into the stock market right now.

I'm not a huge fan of metals, but honestly right now gold or silver might not be a bad way to store some value. Metals have been beaten down severely since 2011, and I don't know if they're going to fall much further.

As to the OP, there certainly does seem to be a pattern of financial crises coming every decade or so, but that might give you a false sense of being able to see the future. And you know what? I'm not sure why more people aren't talking about how these ICOs might be in a bubble, that crypto itself might be ripe for a fall. Not everything crashes all at once. In 2008, it started with the real estate market and banks, and the entire stock market followed. I think the next big event might be crypto followed by the stock market--or at least crypto by itself. Bitcoin might come away unscathed, but I think shitcoins and new ICOs are going to take a big hit.