Which blockchain company to seek out?
Mate27
TUSCL’s #1 Soothsayer!
Read an article in today's news that hinted toward ConSenSys and a couple others, but still doubt from those options that I can do better than throwing a dart at the board for my selection process.
First of all, do you believe as I that blockchain is the next technological breakthrough? If so, any insights on how to select a company(s)? I doubt there is an etf, but that wouldn't surprise me either.
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My analysis is more behavioral than analytical. Crackpot psychosis? This avenue seems more common sense to me of an approach than analytics, hence the macro movement. Plus big banks and a host of other businesses will have to embrace it, much like the internet.
Call me lucky, call me good, but don't ever call me late to the dinner table cashing in on this winner! Although I will probably get back in it again eventually.
My 19-yr-old "date" last night said that the smartest guys she knows want to work on blockchain applications.
But haven't they heard really smart guys on TUSCL like skibum609, Lone_Sheep, and mark94 says it's all a bubble. (Well mark94 will you it's a bubble in one post and then in the next say it might go up or down or stay the same with equal probability.)
Keeping this in my arsenal to get back in for a longer term play, but when something pops drastically as 50% in one week, it's a sign to take chips off the table. Another one to seek out is SQ but there is a company that is entirely putting capital towards a group of block chain companies. That may be worthwhile to diversify a little into this field.
Just read an article that Overstock.com is putting ventures towards blockchain so customers can pay with bitcoin.
@meat72: Wow! Nice chart!
Also, new start up "360 Blockchain" has promise from a true ground floor opportunity. Keep in mind there will be dozens of sketchy start ups in this space, so choose carefully. An etf of block chains is coming soon, but I think I will try my luck with RIOT and "360 Blockchain" for starters. I missed the boat, possibly, on buying the crypto itself.
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FYI - I heard the US Federal Reserve is considering creating its own digital currency. They are being pragmatic since they have no control so "If you cant beat'em, join 'em".
Dougster, by invitation only. Lol!!
By the way, another extremely large move up today. 100% move in two trading days!
Past $40. Up 5 times since I called it at $8.
Either a buying opportunity or a sign of done and ditch. He’s brought a lot of capital with Walk Street connections. Tread cautiously. I’m not adding, but have made solid gains.
360 Blockchain has promise. BKLLF