Color me still the biggest skeptic that cryptocurrencies are currencies at all. If you want to call them something to invest in, I guess they are that.
BUT…at work we’ve been running regular crypto prediction swarms with a group of traders, and since it’s part of my job to know a little bit about what I’m doing with those, I did some research.
And then I decided to do some buying. Last month I bought a couple of hundred USD in Ethereum Classic (ETC), and another $200 in Ethereum (ETH). Sold my ETC position last week at $18 (I paid $4.40 per) and am holding my ETH for now (I paid 47.60 per) since it’s up over 250 right now.
I mean, it’s fun as hell. I’m just not sure that it isn’t strongly susceptible to bubble bursts.