What about the technology these cryptocurrencies exist on? Does your hypothesis state that blockchain altogether will be worthless in value or simply the vehicles or tokens that exist today?
I really enjoy your articles, thank you for sharing!
Having a Bitcoin is not an investment in Blockchain technology. Just as owning a TV was not a way to profit from the technology of TV. If Blockchain becomes ubiquitous that doesn't change the price of bitcoin. You need to find out what companies will benefit from it. Or, there are a couple of funds that do that for you. Data Sharing ETF (BLOK 0.8%) and Reality Shares Nasdaq NextGen Economy ETF (BLCN 1.84%). That may be a good way to go. Thanks, Craig
That makes sense. I’m by no means as educated as I’d like to be on Bitcoin but isn’t the value supposed to be within the protocol? Having a simple, effective method of providing full ‘on-chain’ or public visibility into the asset you’re buying into?Wouldn’t holding the theoretical or POTENTIAL chain (coin in this case) used by the masses be a valuable hold as you are buying into a piece of the chain altogether?
I will definitely take a look into the funds you mentioned, thank you.
When the tech gets used widely there will be profits. If Bitcoin had a company behind it, and made profit from the coins, they would be real. But since they are deploying the blockchain on a useless asset. I am trying to figure this one out: If everyone was using Bitcoin for purchases, 100's of millions of people. Why would that make the coin itself more valuable? If it got way too high, it would mess up the economy with everyone buying with inflated values. I think in that scenario, people wouldn't care about owning the coins. Most of the people getting in are the real knuckleheads who think "that it is the only way they have a chance" WSJ great article on that
What about the technology these cryptocurrencies exist on? Does your hypothesis state that blockchain altogether will be worthless in value or simply the vehicles or tokens that exist today?
I really enjoy your articles, thank you for sharing!
Having a Bitcoin is not an investment in Blockchain technology. Just as owning a TV was not a way to profit from the technology of TV. If Blockchain becomes ubiquitous that doesn't change the price of bitcoin. You need to find out what companies will benefit from it. Or, there are a couple of funds that do that for you. Data Sharing ETF (BLOK 0.8%) and Reality Shares Nasdaq NextGen Economy ETF (BLCN 1.84%). That may be a good way to go. Thanks, Craig
That makes sense. I’m by no means as educated as I’d like to be on Bitcoin but isn’t the value supposed to be within the protocol? Having a simple, effective method of providing full ‘on-chain’ or public visibility into the asset you’re buying into?Wouldn’t holding the theoretical or POTENTIAL chain (coin in this case) used by the masses be a valuable hold as you are buying into a piece of the chain altogether?
I will definitely take a look into the funds you mentioned, thank you.
When the tech gets used widely there will be profits. If Bitcoin had a company behind it, and made profit from the coins, they would be real. But since they are deploying the blockchain on a useless asset. I am trying to figure this one out: If everyone was using Bitcoin for purchases, 100's of millions of people. Why would that make the coin itself more valuable? If it got way too high, it would mess up the economy with everyone buying with inflated values. I think in that scenario, people wouldn't care about owning the coins. Most of the people getting in are the real knuckleheads who think "that it is the only way they have a chance" WSJ great article on that
https://www.wsj.com/articles/some-everyday-investors-still-bet-crypto-can-make-them-rich-7107d63e
Buy great companies (stocks) and rarely sell. WWWD? What would Warren do?