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RE: XLM, ADA, XRP on Fire.. Embracing the Irrationality of Crypto, Going Contrarian

in #cryptocurrency7 years ago

This video was great as I have been thinking the same. I feel that investors are rushing into what they believe are great value opportunities based on price without taking into consideration the technology or utilization of the asset nor its valuation. Unfortunately, it reminds me of the dot.com bubble when some internet companies would announce stock splits every quarter and investors would rush in because the the stock price was going to get cheaper and other could pile on. Meanwhile, the valuations were never truly supported by financial metrics. I fear this could happen to this space. However, as you say, that will create opportunities for those crypto assets that will be there to provide value ultimately.

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