The Can’t-Lose Way for Your Business to Pop: Add Bitcoin to Its Name
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Re: The Can’t-Lose Way for Your Business to Pop: Add Bitcoin to Its Name
#2It feels like the heady days of 1999, where anyone that could was "pivoting" to the web at ridiculous speed and IPO valuation. This isn't a dig on crypto itself though-- after the '00 bubble, it's not like the internet went away. I do wonder what crypto 2.0 will look like, a few years on from its bubble. Here's to hoping the pop comes early and quick, and the real progress can begin in earnest.
Re: The Can’t-Lose Way for Your Business to Pop: Add Bitcoin to Its Name
#3Nice list of companies to consider shorting.
Re: The Can’t-Lose Way for Your Business to Pop: Add Bitcoin to Its Name
#4Nice list of companies to consider shorting.
"The market can remain irrational longer than you can remain solvent."
Re: The Can’t-Lose Way for Your Business to Pop: Add Bitcoin to Its Name
#5Time it for right around your share lockup expires $^D
learn2finance, its the best MMORPG there is
Re: The Can’t-Lose Way for Your Business to Pop: Add Bitcoin to Its Name
#6Nice list of companies to consider shorting.
"The market can remain irrational longer than you can remain solvent."
In other words, short sells are tools to use against failing companies, not against markets you think can't deliver real value. Markets are much bigger than companies and can make short work of your maintenance margin even if they're going to crash in the end.
If you want to make a long term bet against a market, the best idea is to figure out who benefits when that market crashes and go long on them.
Re: The Can’t-Lose Way for Your Business to Pop: Add Bitcoin to Its Name
#7Nice list of companies to consider shorting.
Depends, if the companies are holding some assets in bitcoin in addition to the branding efforts then shorting could be risky depending on how the bubble times relative to your short position.
Re: The Can’t-Lose Way for Your Business to Pop: Add Bitcoin to Its Name
#8Nice list of companies to consider shorting.
Depends, if the companies are holding some assets in bitcoin in addition to the branding efforts then shorting could be risky depending on how the bubble times relative to your short position.
Most in the article are dropping their current business to focus on bitcoin, despite no understanding. Seems reasonable that at least a couple will fail with that combination.
Re: The Can’t-Lose Way for Your Business to Pop: Add Bitcoin to Its Name
#9It feels like the heady days of 1999, where anyone that could was "pivoting" to the web at ridiculous speed and IPO valuation. This isn't a dig on crypto itself though-- after the '00 bubble, it's not like the internet went away. I do wonder what crypto 2.0 will look like, a few years on from its bubble. Here's to hoping the pop comes early and quick, and the real progress can begin in earnest.
However, in '99/'00, even in '94-'96 there were many sorts of things one could say to a friend, "Hey look at this cool thing you can do on the web!" and your friend would say "Wow! Yeah that is cool!"
What are the equivalents with cryptocurrencies/blockchains? I ask this all the time, no one seems to have an answer.
The extent of the discussion around cryptocurrencies seems to be rambling on about things that either, no one understands, few people care about, or as a solution to a "problem" that few people if any, actually have. But people are "really excited" about these obscure curiosities, because if they can get other people about excited too they can sell their holdings for more than they paid for them.
The comparison between the web and cryptocoins seems really strained because not only can you not show the average Joe anything that would really impress him done with a cryptocurrency, beyond an irrational exuberance, but also because the two are so vastly different in scope.
The impetus of bitcoin was about an experiment of enacting a certain type of monetary system related to a certain political philosophy. In comparison the web is basically infinite. You can read about, write about, or discuss that political philosophy, or any of a hundred others, or you can do any of millions of other things having nothing to do with a political philosophy.
One of the great legacies of the web is the dematerialization and demonetization it wrought due to zeroing out reproduction and distribution costs.
Now we have people pretending that code that can be literally copy and pasted to start a new network of ____coin is somehow super wow! valuable!
Re: The Can’t-Lose Way for Your Business to Pop: Add Bitcoin to Its Name
#10Is it bitcoin or blockchain to its name? One of the pervasive mistakes which keeps happening is equivocating bitcoin and blockchain. If a publication like NY Times can't differentiate, one can only think of average Joe.