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There are a lot of large and respected companies in the Ethereum Alliance (see image above) to include Deloitte, Accenture, MasterCard, etc... and even more supporting blockchain technology as a whole. These companies are a lot smarter than me as an individual. If they are okay investing millions, I feel comfortable gambling with a couple thousand. Worse case, I lose a month or two of salary. No big deal.
@Barclays User:
Generally agree with your train of thought. The ones which appear are here to last are BTC (guesstimate of it gaininv minor market share away from the gold market as an alternative store of value leads to a staggering value estimate per bitcoin) and ETH (which is valuable due to the vibrant corporate friendly application layer build on top of it all utilizing the coin as means of exchange in the eco system)
I think the key question for ICO are do you believe in the eco system mass adoption potential and market size, how central/required is the underlying token in that eco system (can it be replaced by other non native coin), how achievable are the projects goals, any better solutions out there..etc
Barclays. It's a trade. Nothing more. The tech is shit. The picture above is corporate sponsorships for the underlying company not the coin. It takes 30 minutes to transfer some ether from account to account. I read a ton of crypto news and forums and 99% of it is idiots like the one on this fishbowl who don't understand investing, spew the same words like fud, to the moon 🚀. They think because they "read" a white paper full of promises (I can write one too) that will materials. I'm going to be laughing once everyone is left holding the bag. But for now it offers amazing vol for trading.
Deloitte 1
To me it seems like these companies mainly invest in a new platform for potentially highly effective transaction settlements rather than virtual tokens which is what you invest in. Not sure why you think these are related.
B1 you wouldn't be asking if you weren't intrigued you pretentious prick. Why don't you plug a few keywords into google and do some research on your own instead of putting others down. I'm sorry you missed out on the 400% increase in value for crypto in 2017 but if we wanted to gamble we wouldn't have to fly to Vegas for 48% odds on doubling our money. Fuck off.
Grow up D4.
D4 - I'm 100% intrigued which is why I'm asking you guys. I did my google research and concluded that the entire crypto currency asset class (unlike the underlying blockchain tech) is pure garbage. I'm wondering what's the rationale of people here but your foul reaction proves that mostly dumb peasants buy into this crap.
@B1 my apologies for the extremely hostile response, I was shitfaced last night and my girlfriend wouldn't have sex with me. You win some you lose some.
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Let me ask you back. Did you not buy tokens?
"Into these kind of investments" .... surprised you've seen investments like this before
I'm not investing in crypto for an early retirement - it's just another way to diversify my portfolio. Plus I think the stock market is going to wobble for the foreseeable future until valuations calm down, so I'm pseudo-hedging against the lack of excitement there. I've read a lot on ETH and believe in the tech, so I'm just putting about ~10% of my post-tax paycheck into it for the foreseeable future (and have been doing so for some time). I understand the volatility and risk - but I'd rather lose $10K (assuming ETH becomes worthless) than miss out on $50...or $60...or $100K. You feel me?
👀
What's your rationale behind stock market "wobbling"
^I agree. This feels like the most speculative time in investing since...2007? Haha
Well said DU1