Can I propose a thought experiment? Imagine that Trump decided to make a law where anyone with a printer can get a license to print USD $100 bills on standard newsprint paper. Let's say then that one hour later, the NYTimes, Chicago Tribune, Miami Herald.. EVERY newspaper announces that they have applied for their licenses to print cash.
So... Setting aside the hyper-inflation component of unrestricted cash printing, let's assume that a lot of people would want to buy shares of all those new money printing companies. Here's the question: Would the rise in NYT share price be proportional to the rate they can print? I say NO - there would be some lag in share price, because the amount of money "out there" for buying into the printing companies, is finite.
THAT is what I think we're seeing in these cryptocurrency stocks. With BTC above 10K, there just aren't enough of us here with enough cash to bid these to what they should be priced at (assuming responsible management, zero fraud, basic sound business practice). These shares can only increase in price at the rate that NEW money is attracted here. Otherwise, we're just passing the same dollars back and forth, trying to get rich off each other.. trying to get a bigger slice of the pie we made when we put our dollars in.
THIS IS WHY only one if these penny cryptos will surge at a time - we look for which one seems poised to jump, and we all try to get in that one Long term, they should ALL rise, based on the money they earn charging exchange trading fees, or the money they MAKE by mining. The best investment here is the one that has the most potential - on the operations side - to generate the most NEW money per share dollar invested.
I'm not gonna play the day trader game, trying to profit from your higher price purchase... I'm taking long positions across the board, and holding ... They'll ALL BE HUNDRED BAGGERS in due time.
