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RE: ARE THERE ANY ALTERNATIVE INVESTMENTS TO CRYPTO?
I don't want to tell you what to do with your head or money. That being said, if you come to crypto for a quick payday then you might as well cash out now. There is plenty of insecure hands in the market that have no idea what they are doing - that is part of why the market acts like it does. So please, if you don't have any love or interest in the technology - get out - BUT, if you understand what you have invest in and see this in a bigger perspective - why go now? Personally I don't care what the market is doing now - I care how it's doing in 2-5 years from now. The current situation is actually healthy for the market.
Appreciate the firm advice...just struggling with the realities of a whole new investment market that has for the most part zero rules...since I have been around long enough and enjoy history I've learned that no matter how "good" a technology is or a stock or a government...things fail...hell...I remember when Digital computer was never going to fail...
Meanwhile...I do care what the market is doing now since it may be an indication of a larger flaw or change...in fact...a 50% drop in most crypto's value in a week's time is not just a little correction...and while I have no doubt the technology is part of the future...no one I know is clairvoyant enough to know which ones survive...and even if the technology survives...whether the coin itself holds any value since unlike a stock ownership in a company...what exactly are these coins once the intitial money has been raised?
I'm not in it for a quick payday...was lucky enough and bold enough to put some money into a future sounding technology that seemed perfect for today's digitized world...almost lost it all a few times...frankly...have been caught off guard how much it has grown based on the small amount I began with...so sure..I'm at an age where if it kept going at a similar pace...I might be able to slow down a bit from work... but as I've written in my other articles...I'm in it to stay...
A little reality check does not hurt now and then. I get what you are saying about the scary movements. I just think that it's important to remember that this is still a very small boat that rocks a lot without it necessarily means anything. When you hear the big investment firms going on about how unpredictable the market is - that just theater. They know fore sure exactly why it is that way - it's all down to size, and when the market gets bigger and therefore more stable, then they will start to stay in line with real investment fund money. But sure, the market as it has been for the last couple of weeks is a test of strengths for sure, HODL or FOLD - Personaly I hope that the Chiense pause on ICO's have a positiv effekt - it started to get a little too crasy I think, market could overheat from all the qucikly gained fundeds (due to ETH rapid price increase) being poured into even more speculatives coins, with a lots og great ideas but no real product. All in all - a rough couple of weeks, but honestly it was needed - and we are still above the market a couple of months ago.
I agree...if we make it thru this regulatory stage...sky is the limit as it will become "safe" to sell to retail public.
Yes im pondering the same, with how coin value relate to stock, and how the coin value is supposed to connect with adoption of the blockchain by users or market, especially if the coins are in the same time the product and the shares in the company, it really sound weird model, i dont see how it can really works out with all the expectation of coins value rising on exchange while in the same time being the base utility provided by the blockchain. .
Appreciate the insights...I also am wrestling more recently with talk of different countries possibly creating their own currencies... what that does to existing coins we have been buying and selling?..wonder if the magic coin will be one that connects all the different country coins together...
Beside the magic, even tomorrow all coins could be collapsing to zero without it to affect any sector of the economy at all
Its quite disturbing to me why people buy so much coins without having clear benefits in sight other than the coin rising because others buy it at higher price, while in the mean time all liquidity is being locked at high price without being really useful to anything
There is not even clear plan on market use, with actual numbers and targeting goal to integrate the real economy, with true insight on the market share thise crypto coins can take in which kind of companies or buisness, and how the trchnology really fit those markets
Its all hype and buzz and hope in the sky with all sort if pseudo magic how coin are going to solve all kind if problem just by rising price on exchange
Given that sort of market, its no surprise why it can all go down without solid justification in the same maner that it goes up without much more solid backing into anything
I hear you but then again...I got into it thinking it was just a cool sounding technology who's time has come with the new digitalized world...gradually as it increased in value...its become another investment for me...frankly...I have just as much faith in these coins increasing in value as I do the stock market continuing...finally...I see it as a potential to US dollars once things catch up with debt and interest rates...time will tell...
It all seems full of promise to help with child cancer, rain forest and idk what else, and lack of rigorous analysis of the real actor action leave all those promise open to keep the speculation going up, but im not sure how it iseven supposed to help anything, and how the teams behind coin repport and comply with such plan supposed to affect a bit everything :)
Not saying the stock market is doing much better, i guess global mentality is always into making easy profit trading stuff with zero ethics rather than actually trying to improve things outside of their portfolio value on exchanges.
I hear you. Its still early...
Ok for it's early, but what's the plan exactly and how its going to make income related with coin rise in prize, that's the question lol
Not saying stock market does miracle either, but corporation still have measure for security and real plan for income on real industrial projects, and even with this its not getting wonderfull result, so i have hard time to see how token sold on exchanges could really do much better ..
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