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A Small Fintech Stock Surged 2,400% After Announcing It’s a Crypto Company

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Re: A Small Fintech Stock Surged 2,400% After Announcing It’s a Crypto Company

#61
post #54

Earlier quoted context omitted.

I actually kind of do hope there is. In a climate of sceptics only the strongest businesses survives. When there's a bear market, I look around at what companies are still doing good and snatch some shares. Intelligent VCs that really understand and value the tech are going to make a killing and good, sound business plans become the norm rather than the exception for crypto companies then. Sure, the engineer in me we…

OP meant "backlash against crypto in general" as in backlash against cryptography in general. OP was using "crypto" as short for cryptography. I remember telling one of my relatives that I was looking into schooling for cryptography, and they had it confused for cartography. Crypto might end up being colloquially short for cryptocurrency in mainstream circles.

Yeah, I understand, and there's lots of problems left for engineers to work on when it comes to cryptography in general, such as in embedded systems now that self driving cars and IOT devices become prime targets.

I think it's good if investors raise their eye brow sceptically and say "a cryptography company you say?" thinking about a cryptocurrency bubble, because then us engineers really have to step up our game and show rather than tell what we can do. As it is now, you just have to speak about the future rather than actually implement something at a reasonable cost today before investors go nuts, as evidenced by the subject of the OP's article.

Re: A Small Fintech Stock Surged 2,400% After Announcing It’s a Crypto Company

#62
post #51
post #47

Saw the same countless times during Internet 1.0. In one case, a small uninspiring Florida bank said they were starting a website. Stock went from 8 to 92 in a day. It's called a bubble folks. Study history lest you get permanently burned when it explodes.

Yeah but after the bubble there’s always big players that emerge. Just have to outlast the wave

or ride the bubble and get out as soon as you made "enough".

Re: A Small Fintech Stock Surged 2,400% After Announcing It’s a Crypto Company

#63
post #34

The most mind-boggling thing about the crypto market is the valuations for abandoned projects. There have been plenty of teams that have stopped putting out any updates shortly after the ICO, yet their tokens are still trading at decent multipliers over the buy-in price. I can understand the bubbliness of the coins that show promise, but the fact that the exit scams aren't being decimated in the market is really trou…

Do you have an example?

Re: A Small Fintech Stock Surged 2,400% After Announcing It’s a Crypto Company

#64
post #51
post #47

Saw the same countless times during Internet 1.0. In one case, a small uninspiring Florida bank said they were starting a website. Stock went from 8 to 92 in a day. It's called a bubble folks. Study history lest you get permanently burned when it explodes.

Yeah but after the bubble there’s always big players that emerge. Just have to outlast the wave

what big players emerged after the tulip bubble?

Re: A Small Fintech Stock Surged 2,400% After Announcing It’s a Crypto Company

#65
post #51

Earlier quoted context omitted.

Yeah but after the bubble there’s always big players that emerge. Just have to outlast the wave

what big players emerged after the tulip bubble?

according to [0], the tulip bubble was not as big as most people would think

[0]https://www.smithsonianmag.com/history/there-never-was-real-...

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