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Money Systems, Investing, Crypto
Investing, Personal Finance
Bitcoin / Cryptocurrency Discussion (And Predictions)
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<blockquote data-quote="TKDTyler" data-source="post: 651352" data-attributes="member: 25678"><p>Gold has at least some material and application value as a physical resource. I guess you could say Bitcoin also has some material value, but nothing that ETH can't do?</p><p></p><p></p><p></p><p>I like to think that the bitcoin/crypto market has the possibility to be a bubble or a huge success. </p><p></p><p>The Dot Com era was a bubble, but look at what was created and funded within that time. What companies came out of that? Google, Amazon, Facebook (kind of... Myspace anybody?), etc. Yes there was tons of flops, and yes, the market crashed. But it didn't mean that there wasn't great technologies and companies being created in a completely new space.</p><p></p><p>Years before that, people were saying that the internet was a fad and was a temporary thing. Technology progresses and money is necessary fuel for development.</p><p></p><p>R&D often results in failure, and at this scale, most of the Altcoins won't succeed at the end of the day. But I believe there is a place for crypto and that place won't be decided until bigger uses of the technologies are applied in innovative technologies. </p><p></p><p>There will probably be a crash at some point, but it'll be an opportunity to look at the companies applying blockchain technology in a way that lasts through the downturn.</p><p></p><p>Of course I'll probably be wrong and mass adoption will happen with large firms developing financial platforms on top of their technology.</p></blockquote><p></p>
[QUOTE="TKDTyler, post: 651352, member: 25678"] Gold has at least some material and application value as a physical resource. I guess you could say Bitcoin also has some material value, but nothing that ETH can't do? I like to think that the bitcoin/crypto market has the possibility to be a bubble or a huge success. The Dot Com era was a bubble, but look at what was created and funded within that time. What companies came out of that? Google, Amazon, Facebook (kind of... Myspace anybody?), etc. Yes there was tons of flops, and yes, the market crashed. But it didn't mean that there wasn't great technologies and companies being created in a completely new space. Years before that, people were saying that the internet was a fad and was a temporary thing. Technology progresses and money is necessary fuel for development. R&D often results in failure, and at this scale, most of the Altcoins won't succeed at the end of the day. But I believe there is a place for crypto and that place won't be decided until bigger uses of the technologies are applied in innovative technologies. There will probably be a crash at some point, but it'll be an opportunity to look at the companies applying blockchain technology in a way that lasts through the downturn. Of course I'll probably be wrong and mass adoption will happen with large firms developing financial platforms on top of their technology. [/QUOTE]
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Money Systems, Investing, Crypto
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Bitcoin / Cryptocurrency Discussion (And Predictions)
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