How Is It That Cryptocurrencies Are Priced – Part 2
More details in this post continued from the previous one. It throws light on some important factors.
Continuing From The Previous Post
Going on further it is well said that don’t trust anyone, as there is no guarantee in addition to offering the disclaimer that this is not the type of investment advice whereas this is in no way an endorsement of any particular cryptocurrency as even the concept, in general, understands that everything written here could be wrong. This comes that everything ever written about crypto could be wrong where anyone trying to sell you a token with exciting upside is almost certainly wrong in short everyone is wrong and everyone is out to get you, so be careful.
Eventually, you might as well hold in case you bought when BTC was $ 18,000 it is the best hold on where right now in Pascal’s Wager territory you may be angry at the crypto screwing you but maybe just stupid and you got too high and now you might as well keep believing because nothing is certain or admitting that you were a bit overeager and for that, you are being punished but there is some sort of Bitcoin god out there watching over you. It is then ultimately that you need to take a deep breath agreeing that all of those were pretty freaking weird.
A Take On With The Assessments.
It is expected that there will be a rise that will surpass the current low expecting bumps as the SEC, as well as other federal agencies around the world, begin regulating the buying and selling of cryptocurrencies in very real ways as the banks are in on the joke that they’re going to want to reduce risk. It is, therefore, the Bitcoin becoming digital gold, a staid boring as well as volatility proof haven for speculators even though all of this it is unusable as a sort of real currency that is good enough for what we need to do and we also can expect quantum computing hardware changing the face of the oldest and most familiar cryptocurrency.
As long as Vitalik Buterin the creator doesn’t throw too much cold water on it, Ethereum could sustain another few thousand dollars on its price were like the remorseful Victor Frankenstein, he tends to make amazing things and then denigrate them online as a sort of self-flagellation quite useful in a space full of froth and outright lies. Being the closest to a useful cryptocurrency, Ethereum is still close to Raspberry Pi of distributed computing as useful and clever hack making it easy to experiment but no one has quite replaced the old systems with new distributed data stores or applications which are exciting technology as nobody knows what to do with it.
A bubble is observed when average people make statements similar to those like they couldn’t afford a Bitcoin so they bought a Litecoin which exactly is heard multiple times from multiple people which is akin to saying that they couldn’t buy a hamburger so they bought a pound of sawdust instead, and the kids may eat it, right? Altcoins are very useful as they are low risk playing for many if you create an algorithm say to sell when asset hits a certain level then you could make a nice profit. Going forward most altcoins will not disappear overnight as honestly recommend playing with Etherum instead of altcoins, but if you’re dead set on it then by all means enjoy.
It is noted thereby that cryptocurrency gets interesting around this as tokens require research, education and a deep understanding of technology to truly assess as they are seen as true crapshoots and used primarily as pump and dump vehicles as the rule of the thumb is that in case you’re buying a token on an open market then you’ve probably already missed out as the token sale allows crypto whales to turn a few cents per token investment into a100X return.
As it was found by many the magic of the product and the power of the team, token sales are quite simply vehicles to turn 4 cents into 20 cents into a dollar. You see the draw multiplied that by millions of tokens.
The ultimate answer is that finding a few projects you like and lurk in their message boards as assessing the team to be competent figuring out how to get in very early expecting the money to disappear into a rat hole where the tokens are far too bleeding-edge technology to assess sanely.
The Final Words To Conclude The Discussion
In case you are looking to maintain confirmation bias in a confusing space, that’s fine as speaking to enough crypto heads to know that nobody knows anything right now as the collusion and dirty dealings are the rules of the day. It’s up to those who slowly but surely begin to understand just about what’s going on and perhaps profit from it. This is then at the very least we’ll all get a new Linux of Value when we’re all done.