Biggest ICO of the year comming up - End of Peak Prosperity Posts?
As anybody who's followed me long on Peak Prosperity knows - it is common for me to take long Peak Prosperity vacations, sometimes many, many months. The fun of Peak Prosperity members is they are already half-way there for thinking of crypto in the same terms as an Austrian Economics would. Knowing our current financial system is unsustainable doesn't require nearly as much re-training.
However, that doesn't mean everybody's head is fully able to get around the idea of cryptocurrencies having a role and many still are delusional to think this is just a passing fad or everybody is just going to close the books on the paradigm shift as saying 'Oh well - I guess we were wrong - we don't need a trustless world - Let's go back to trusting central governments!". A good strong skepticism is great, but that should also be balanced with an open mind. "Prove it" I applaud. "It will never work - and I'm so sure of myself, I don't even need to try to understand another point of view!" is unhealthy. Failure to quickly adapt to new realities is the reason for every failed civilization. We now have a doozy of a new reality.
It's been kind of fun convincing hard-headed stubborn people to take another look at this while it's young enough to change their fortunes. There is still time for that for those with an open mind, strong skepticism to keep you out of trouble. This website is full of great common sense, the people who visit Peak Prosperity are mostly, in my observation, much better than average at using common sense.
Before I check out, here's a quick reminder about those who were following and taking my advice early. Let's just say each year - they invested $1000 into each technology I wrote about at the time. Then see if any other guest, blogger, investor, advisor, or an interviewer can match it. In short - you've done very, very well for yourself.
in Early December 2013 I was drawing your attention to bitcoin when it could be found under $500
$1000 at $500 = 2 Bitcoins. $1000 then = $5,740
I wrote this post in 2014 - in retrospect, was I right? Was I ahead of my time?
3.3 bitcoins for $1000, Now worth $9,500
In March 2016, I was recommending you look into five coins:
Ethereum $12 - Now $225 = $1000 then is now $18,750
DashCoin was about $5.00 now over $186, So $1000 would now be $37,000
Maidsafe was 11 cents now 33 cents, $1000 now $3,000
BItshares (7/10 of one cent) now 15.3 cents. $1000 now $21,850
Factom: was $2.30 now $18.94. $1000 then is $8,234
I was recommending Golem under 10 cents.(currently 30 cents) - $1000 now $3000 (Annualized would be $9,000)
Patientory - At 22 cents, it's about double while still recovering from the asset-class adjustment. $1000 now $1330 - Annualized would be about $4,000)
So there you have nine different recommendations over the articles you can find and reference yourself. See if I left any out.
$9,000 invested based on my education effort would now be worth today $118,000+ This adds up to a 13 bagger in four years. It wasn't nearly as easy for me with over 10,000 hours of research.
What could be bigger than bitcoin or ethereum? What technology has the chance to pull off another 1000x return?
But, I'm done posting on PP (at least for a while). Follow me on twitter - "mreespublic" if you find my advice "enriching".