Why OmiseGO should be resistant to the crypto market fluctuations, and why we should not too much worry about it
This was originally an answer to acemachine123 asking in Daily Discussion December 12: "I am not asking this question to fud, but does anyone here feel uncomfortable about the parabolic growth of BTC and that all altcoins are tied to BTC? If there is a crash, it will bring all alts including OMG down. I believe in OMG and blockchain tech long term, similar to dotcom era where companies like facebook and google emerged out of it, not without a major correction in 2001. Question2: How do you protect your investments if the bubble bursts? Just as an example, Amazon's price/share was around $107 in Dec 1999 and fell to $11 in 2000. But here it is today, at $1100. So do we ride this bubble while minimizing the losses?" As I felt like many people could be wondering the same, I decided to publish the question in this separate post with my answer to it: No, that's an excellent question. I think any good eye is currently looking at Bitcoin's rise with some fair concern, and, yes, probably alts are linked to Btc, at least in massive audience. But OmiseGO's great strength in this, is that finally, imo, they are not so much a « crypto project ». They do use blockchain and crypto, but I think, in the end, what they are building is so much implanted in a real world use, and backed by real world already existing big groups / companies / banks (and will be more, thanks to the SDK), that in the end, what they are building will exist, no matter what happens on the crypto market. And at the end, what they are building will bring revenue to stakers, which should also prevent the token's price to crash too hard or too long even in the event of a general crypto crash. Imo, the only event that could make OmiseGO crash without recovering, would be a real world global crisis: war, global economic crash, alien invasion... I see it as they are building, for instance, a next Apple, and they're partnering with already big and solid players. And their Apple uses blockchain. But it doesn't give so much a shit about bitcoin imo. (And my personal feeling is that anyway at some point btc could definitely fall back, just because several coins, and namely Eth to name just one, will bring much more). Tl;dr: I'm not worried. Your question 2 is more tricky. Although the answer partly builds upon answer 1, price fluctuations are another point than the possibility or not of a massive crash, and you want benefits. And I guess you know the answer yourself: sometimes, when you feel like OMG meets a fair price or a resistance, sell a small part of it to cash out your gains, while leaving enough on the table to be rich if the price still has a moon ahead (shit, I said the M word). Personally, I'm not cashing out even this small part before a few dozens dollars a coin, but that's one's own choice :) EDIT/ PS: for a deeper understanding of the whole OmiseGO system if you need it, you can also check The Definitive OmiseGO beginner's guide That now has been translated into Spanish And in Japanese
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