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Relative stability will be part of this scene one day and people get fuck all in savings accounts.
They get good returns from investing in stocks though. Doing it right is hard*, but its way easier than cryptocurrency speculation.
* well, getting rich from it is hard / painful, anyone can track the S&P500
The numbers don't lie. Several blockchain projects have offered significant growth for three years now and show no sign of stopping. We're not far away from a decade of bitcoin price rises.
There are plenty of ways you can make big returns if you can be prepared to take the losses; betting on sports for example, spread betting, day trading...
This is like the internet in the mid 90s. One way or another it's the future even if it is hugely flawed now.
Yeah. It is. Expect the product is really hard to understand. I suspect a lot of people with positions on this stuff don't know what it actually is. I spent a couple of hours getting up to speed yesterday and I still don't know why I'd want to put money in to CRW over Bitcoin - it looks like you are just betting that they'll do something neat with it long term, but there's not much evidence of that now.
It's kinda like consumers putting money in to drug discovery research teams or crowdfunding stuff like microcosm - you have no idea if it's going to work, but if you believe in the team you think there's a chance of it working you might throw something at it and see if it sticks.
Howard-
It's kinda like consumers putting money in to drug discovery research teams or crowdfunding stuff like microcosm - you have no idea if it's going to work, but if you believe in the team you think there's a chance of it working you might throw something at it and see if it sticks.
You've hit the nail on the head. In the case of CRW, the thing that is valuing it at $4.5m is that the development team have a good track record in delivering and have worked on some of the more legendary projects in cryptocurrency. Until the platform is delivered investing is just betting that something might be delivered. Once it is delivered, you're taking the risk that it will be a product that people will like and want to use.
Stonehedge
You're pretty much right in so far as you should it invest what you can afford to lose and $4k dollars is more than most people can afford to lose.
I wasn't intending this as being investment advice so much as getting the conversation going. Like it or not, these investment markets will be bigger in the future. Relative stability will be part of this scene one day and people get fuck all in savings accounts.
The numbers don't lie. Several blockchain projects have offered significant growth for three years now and show no sign of stopping. We're not far away from a decade of bitcoin price rises.
About half of my recent consultancy work has been on behalf of banks researching cryptocurrency technology and investments.
This is like the internet in the mid 90s. One way or another it's the future even if it is hugely flawed now.