RE: I Must Say Eli And Ned Seem To Have It Together
Yes, most of the market is driven by hype and speculation, but fundamentals do in fact matter, in spite of what many modern analysts will tell you. If fundamentals didn't matter, Warren Buffet never would have made any money using his investing style (value investing in companies with good fundamentals). Steem is one of those investments in my opinion. It is the investment in the crypto space from a value perspective. Just like the truth seems to find a way to come out, good fundamentals, over time, find a way to show themselves in price movements. Sooner or later this will come to Steem.
Disclaimer: This is just my opinion, and should not be taken as investment advice. I am not an expert on cryptocurrencies or investing in general. Do your own research and make your own decisions. Take your own responsibility.
Yes I agree, but what fundamentals or value do most cryptos have as of now was my point. I agree one day they will, but currently most even in the top 20 have no way to gather that data which is why its all speculative investing at this point.
One day there will be a way to value invest in crypto and some people do use methods. I heard one guy said that he always invests in the cheapest per coin crypto on coinbase because some newbs will always invest in that coin since they can get the most for their investment.
Yes I agree investing in this market will one day change as you said.