Lubin’s Language Illustrates Some of the Long-Term Bearish Sentiment on Crypto

joe lubin

Sometimes it’s a good idea to get some input from the experts and parse it out to figure out opportunities around cryptocurrency offerings.

In a New York Times article published today, Joe Lubin, co-founder of Ethereum, is weighing in on the potential for changes in our financial world facilitated by blockchain technologies.

“We are going to be more in control of our identity and our agency on these different decentralized networks, and I think that’s going to create more wealth,” Lubin said at the International Luxury Conference at the Intercontinental Hotel this week. “More interest in expressing ourselves, and I think there will be more appetite for luxury than less.”

Lubin talked about our world moving “from a scarcity to an abundance mindset” and how this could spur continual innovation that will lift all boats.

This past July, at the RISE conference in Hong Kong, Lubin further defined some of his philosophies, talking about how Bitcoin is probably going to become a sort of convenient financial storage vehicle for entrepreneurs.

“We’re moving into a qualitative shift in the nature of money,” Lubin said, “towards a world of ‘global villages’ where you can have decentralized governance, you can define goals for your ecosystem, mechanisms by which you achieve those goals, and raise money through your own cryptocurrency or value token within these networks.”

Referring to the “information ecosystem,” Lubin has definite visions, defined notions of how technology is going to reinvent the ways that we buy and sell, and open up opportunities for both individual investors and government and business entities around the globe. We’re already seeing a lot of this occur with programs as diverse as African utility market implementations, European anticorruption efforts, and American equity hedging strategies. But according to Lubin, there’s much more to come – and a lot of others are echoing this sentiment, even as naysayers warn of financial cryptocurrency bubbles.

Perhaps one handy word of advice is to take both of the extreme positions with a grain of salt, and to try to find value points in crypto currency – to buy when individual coins are reasonably priced, and avoid buying on the spike to keep from being wiped out by short-term volatility.

Here is an interesting video where Gbonikz Bits talks about some popular tactics including buying and holding a core position, and adding on the dips, which he calls “powerful” – it’s certainly a way to hedge, to play both the short-term and long-term markets simultaneously.

Another recommendation involves evening out an entry price over time: Bits also talks about using stop-losses and other tools. None of this is  a substitute for making informed plays based on what you have researched about long-term market value, but it can help.