As a horse racing investor, why is my exacta on the 5th race at Belmont next week so hard to value?
As a poker investor, why is this off suit King Jack from the button so hard to value?
And so on.
As an investor, why is crypto so hard to value?
21–30 of 193 posts
Re: As an investor, why is crypto so hard to value?
#22Crypto is like casino tokens. Worth a lot inside the casino. Very limited value outside.
Re: As an investor, why is crypto so hard to value?
#23As a horse racing investor, why is my exacta on the 5th race at Belmont next week so hard to value? As a poker investor, why is this off suit King Jack from the button so hard to value? And so on.
KJo is a slam-dunk open OTB, but I get your point!
Re: As an investor, why is crypto so hard to value?
#24Because valuation is easy only near equilibria; in old stale markets where the profit rates have dried up, innovation is over and an oligopoly has been established.
Re: As an investor, why is crypto so hard to value?
#25Crypto is worthless. All the VCs pouring money into crypto/web3 (a16h, sequoia) are worthless. All the companies pivoting to web3 are worthless (square). All the companies building up web3 teams are worthless (stripe, mastercard). All the fastest growing startups (coinbase, ftx, opensea) are worthless. All the devs who get started in crypto/web3 and won't go back, are worthless.
Right, but how do you really feel about crypto?
Re: As an investor, why is crypto so hard to value?
#26Crypto is worthless. All the VCs pouring money into crypto/web3 (a16h, sequoia) are worthless. All the companies pivoting to web3 are worthless (square). All the companies building up web3 teams are worthless (stripe, mastercard). All the fastest growing startups (coinbase, ftx, opensea) are worthless. All the devs who get started in crypto/web3 and won't go back, are worthless.
I don’t know if you’re serious. Your username does check out at least. I also believe crypto itself is worthless. Only the networks behind them and actually providing a service (transaction validation) have some value. The question is: can the networks survive a crypto crash. How do you pay miners with near zero value crypto? I can see a (sad) future where we will be left with central bank digital currencies only (CB…
There's a difference between utility and value. Plastic forks, knives, and spoons have high utility (in that they help us to eat). They have very little value, and can be purchased at any dollar store.
So the blockchain doesn't have intrinsic value because the crypto currency doesn't have intrinsic value.
Utility, for many use cases, it does have.
Re: As an investor, why is crypto so hard to value?
#27Crypto is like casino tokens. Worth a lot inside the casino. Very limited value outside.
Unfortunately we don't know who the majority owner of this casino is.
Re: As an investor, why is crypto so hard to value?
#28Crypto is worthless. All the VCs pouring money into crypto/web3 (a16h, sequoia) are worthless. All the companies pivoting to web3 are worthless (square). All the companies building up web3 teams are worthless (stripe, mastercard). All the fastest growing startups (coinbase, ftx, opensea) are worthless. All the devs who get started in crypto/web3 and won't go back, are worthless.
Everything is worthless in itself. We give value to things subjectively and mediate this valuation through intersubjective consensus mechanisms. I'm glad that now we are in a position where a personal decision and valuation really counts, this is why I'm only taking web3 related jobs from now on.
Re: As an investor, why is crypto so hard to value?
#29Crypto is worthless. All the VCs pouring money into crypto/web3 (a16h, sequoia) are worthless. All the companies pivoting to web3 are worthless (square). All the companies building up web3 teams are worthless (stripe, mastercard). All the fastest growing startups (coinbase, ftx, opensea) are worthless. All the devs who get started in crypto/web3 and won't go back, are worthless.
ok but what is its value?
Re: As an investor, why is crypto so hard to value?
#30because it's worth 0? just a wild guess.