How to invest in crypto currencies like Warren Buffett?
If you would know that Buffet bought shares of Wells Fargo in 1990 for 290 mln, would you join him?
This investment has brought him 29 billion dollars through 24 years of holding. We won't hold a position for 24 years, but nevertheless. If you would know, that large and smart investor buys a big package of a particular stock, what would you do.
I would added this instrument to my portfolio, because it has better fundamental characteristics, consequently - bigger potential.
Unfortunately we can't see positions of big hedge funds and large individual investors. BUT....
We've entered into the blockchain economics, where information becomes transparent.
I'am about to show you how the http://etherscan.io can help you with choosing the right altcoins.
At this moment (autumn 2017) capitalization of cryptoeconomics is 300 bln dollars.
We trade crypto on exchanges like Bittrex, Bitfinex, Kraken, Poloniex and so on. This institutions are still not regulated by national authorities, and they can take and hold positions for their own, as individual traders.
Absence of crypto regulations of governments in EU and US means that hedge funds and institutional funds are still out of the boat.
Here is why crypto currency exchanges now are the biggest token holders, altcoin holders.
Let's just check this statement (Bittrex, Bitfinex, Etherdelta screens from etherscan)
You can see, that these guys hold tokens, which are estimated in hundreds of millions of dollars.
And what's more interesting this information is transparent. You can see now so many things
- where big player accumulates position (usually on the lows)
- where big player distributes the position (usually on the rallies)
Just think about this. And be sure to subscribe, cause I make detailed analysis of top 10 major token holders every week.