01-08-2018, 02:05 PM
I agree NVDA is astronomical in metrics, but as an investor I have an understanding as a business, presently and in the future. Would I buy today, no, probably not. But I won't sell either, not even to rebalance my portfolio.
I just don't trust decentralized investments, I'm old school and like some form of regulation and trust NYSE/SEC more then, say, Coinbase. I have more faith investing in V or MA then Ripple. Likewise, I'd put my money in Gold/Platinum/Silver then Bitcoin. I understand those investments better. I also find it worrisome when I see people I know for decades and others that are related wanting to or are putting their hard earned dollars in this investment medium.
Everyday I read about new ICO's....
I just believe that this crypto-industry is getting ripe to disappoint a lot of people. It's unsustainable in it's current state, what do most of these crypto's make? What kind of products? What do they sell? What's their service? Who is their customer base and why? How long has this company been in business? Why should I put money in Bitcoin vs Gold? Why buy Ripple vs V?
I do believe that crypto's will exist, I just don't believe that it will be this decentralized free from big government market.
Looking at the decentralized crypto-industry as a long term investor, I cannot find a reason to put my hard earned dollars into any of it, I just can't.
I just don't trust decentralized investments, I'm old school and like some form of regulation and trust NYSE/SEC more then, say, Coinbase. I have more faith investing in V or MA then Ripple. Likewise, I'd put my money in Gold/Platinum/Silver then Bitcoin. I understand those investments better. I also find it worrisome when I see people I know for decades and others that are related wanting to or are putting their hard earned dollars in this investment medium.
Everyday I read about new ICO's....
I just believe that this crypto-industry is getting ripe to disappoint a lot of people. It's unsustainable in it's current state, what do most of these crypto's make? What kind of products? What do they sell? What's their service? Who is their customer base and why? How long has this company been in business? Why should I put money in Bitcoin vs Gold? Why buy Ripple vs V?
I do believe that crypto's will exist, I just don't believe that it will be this decentralized free from big government market.
Looking at the decentralized crypto-industry as a long term investor, I cannot find a reason to put my hard earned dollars into any of it, I just can't.