12-07-2021, 08:14 PM
(12-07-2021, 03:41 PM)Scooterd Wrote:There are thousands of coins already and IMO the outcome of anyone rational knows the overwhelming majority will be worth zero. They are casino chips and I am guessing half the investors are well aware of that fact, and the rest will get their lesson in chasing hype. Is it really any different than buying stocks with little hope of profitability and priced for ten years of perfection that likely never happens before they BK? It's just a different flavor of gambling IMO.(12-07-2021, 03:12 PM)crimsonghost747 Wrote:(11-29-2021, 01:56 PM)Kerim Wrote: I agree crypto is here to stay and there will be many more gigantic winners in the next decade. The trick is identifying them, just like in the dot-com days.
Though I may not invest in Crypto, I enjoy reading the thoughts and comments of those that do.
I guess my question to all that do is - are the coins available today even going to be viable 10 years from now?
Is it better to invest in the underlying blockchain technology and sidestep investment in any individual coin?
Having said that I missed the bitcoin train. I was told to buy it by friends under $50 and I laughed at them. I would have cashed out WAY before now anyway. BTC is prone to "crypto winter". Would I be interested in a small position then? We'll see. In some form crypto currency and blockchain is going to be part of the future. CSCO was outrageous at a 180 PE 20 years ago when I failed to cash out on a 3-4 bagger.
Most all of us have to learn a few hard lessons for ourselves. Some will score and many will get too greedy. Just like every bubble asset.