Savvy Trades and Investments

[dickmilde]

Crypto stuff is flying ! The modest position that I took in Litecoin less than 3 weeks ago is up over 3 X and is starting to look like real money !

See Coinbase.com and GDAX.

The market is moving too fast for me to trade so I am still sitting on the original position. There are no fees to trade unless you put in a market order. Given the insane rise I'm confident that traders can't possibly come out ahead. Litecoin is up 92% in the last 24 hours.

It's not likely that the banks will allow crypto currencies to make an end run around their fiat system or that the IRS will let this go without taking their piece of it. It's also not likely that crypto currencies will just fade into the sunset so expect lots of regulation that will be put in place all for our protection.

Congress will receive sufficient money from the bank lobbyists to assure that laws are passed so that it will be legal to allow the banks to sell junk crypto products with high fees. The legislation will provide exemption for congress.

The IRS will justify their cut so that a new IRS crypto division can be funded. The guise will be consumer protection.