The Deathstar (Amazon) actually has some fundamentals and they have a way conquering the competition. Bitcon has no fundamentals and if the DOJ leaves them alone and a number of other things go there way they might actually end up being worth something. I own Amazon, not buying at this time. I wish I had bought Bitcon 6 months ago but I'm not going near it at it's current price. .
Iâ€™ve started looking recently at the crypto currencies out of general interest to see how they work. At least from my limited knowledge I picked up, I couldnâ€™t imagine putting my money in it. Iâ€™m relatively conservative with my money although I have my play money. The issue I havenâ€™t been able to figure out is how, what I think is, un-secure it is. Sure there are algorithms that â€œprotectâ€ it, but anytime there is an algorithm, there are hackers that can break it. Then, there is no one to insure like the FDIC or a bank to hold accountable. Granted a bank can collapse, but then you have insurance on that. Amazon can go belly up, but there is a whole viable Amazon infrastructure that you can get a pretty good idea where they are as a company. The CCâ€™s have none of that. The people running it are virtual that no one would ever see. I couldnâ€™t stomach putting 10â€™s of thousand dollars into la la land, hoping itâ€™s safe. Iâ€™m sure there is a bunch of money to be made, but if I canâ€™t get my mind wrapped around mitigating those risks, itâ€™s not an investment for me.
To be fair Block chain is very secure and transparent. So I am good from a tech perspective. I've got $100 of Etherum and I've made 15% net of expenses in the past 2 days. I've seen so many bubbles in my life, I'm pretty good at being a good rat and getting off.
I understand the argument for AMZN, however my financial background says a PE of 300 for a company the size of AMZN is ludicrous.
The cyber currency craze will peak when cabbies are day trading CCs in their cabs. Same as the tech bubble. The housing bubble crashed when housing appreciation became common dinner party conversation. All bubbles crash when there is no more dumb money heading into them. I think we have a ways to go on this CC bubble and I plan on cashing in on it.
There are hedge funds holding 50% of assets in CC. Watch them to see the market top.
Bitcoin dropped this week, that said, I have a few customers that have "invested" in S9 ant miners and are going to start mining for bitcoins. not sure how they feel about it now though as the value has dropped $6k since they bought the machines a week ago. Almost $10K investment
Amazon is a bit like Walmart at this point IMO. They're huge and powerful at this point and won't be able to make massive gains without something external happening in the marketplace. Bitcoin could be $50k in a year. Or it could be worthless. Nobody knows what it's going to do. I think a lot of it has to do with how the mainstream reacts to it over the year. If people buy and sell it simply as an investment then it will continue to be highly volatile. If someone like Amazon actually starts accepting it as a form of payment then I think it will help stabilize the price. The thing about Bitcoin is that there are a finite number of bitcoins that can ever exist. I think there are only 1-2 million left that can be mined and they're getting harder and harder to mine. You have to be using an antminer at this point.
I think most people who have been done research in crypto realize they need to start looking at other coins like Etherium and Litecoin. And maybe Zcoin as it looks like an up and comer. IMO there's much more money to be made in 2018 through those other cryptocoins.
And that's intentional right now. Its easy to invest millions ( if you have millions) directly into Ripple and then let it ride. It's not that easy to find markets for the average investor to actively trade.
Ripple is looking for direct investors into their company instead of participating in the current Bitcoin, Ethierium, Lite euphoria. Something that is missing from the article that caused the dip is that Ripple was not really interested in trading on that exchange.
There is no real history for crypto currencies. All predictions are just guesses. Some people will be completely wrong, some others will be called crypto geniuses.
If the governments of the world cannot control the flow of money, and people stop using banks then at some point it seems they would have to create some laws to manage crypto through some government system. The only way to force people onto a government system is to outlaw unregulated block chains or have a viral attack on current systems. Which makes sense why wall street opens up a way to short bit coin.
I like Etherum because it has a broader use. I can contract to buy a guitar in Canada, for 1 Etherum, and until both sides of the contract are fulfilled no money is released. It could be the new eBay. The fact that contracts and money are held in the same system until complete makes Etherum a good tool. I think once people see that about Etherum it stands out.