Bitcoin and Crypto Talk (Merged)(includes NFT)
Banking institutions are gearing up to provide access to crypto markets for big investors which is ironic in that it was developed to eliminate banking institutions. Therefore, I think it's here to stay and a huge potential as something on the order of 95% of the population on the planet doesn't have access yet last I heard.
As for the actual valuation? I don't trust any of the existing models since this is so new. That said, some of the day traders I work with see striking similarities to the charts so it looks like those same principles are in play. You just have much more volatility and unpredictability due to new, rumor, and the inherent risks of which you speak. It certainly wouldn't surprise me to see any or all crypto drop to oblivion.
Blockchain makes a ton of sense for many significant applications. Real Estate, inventory tracking, voting, banking, hospital records, file storage and many more. The CEO of CommVault is on record as saying it is the future of backups. As we get more of these ransomware situations which have gotten savvy enough to infect the backup files too, having an immutable backup could save an organisation.
It also makes retention for legal purposes much better. We pay significant amounts for systems to handle chain of custody concerns here. Being able to take that another step forward is very valuable.
I think the naysayers could be right, but I also think they are mostly folks who stand to lose big if they were behind in development and other things are taking over.
I chuckle at every big time CEO etc that down talks crypto...
https://news.bitcoin.com/after-the-boss-calls-bitcoin-a-fraud-jp-morgan-buys-the-dip/
http://www.foxnews.com/tech/2013/12/10/jpmorgan-files-patent-application-on-bitcoin-killer.html
Banking institutions are gearing up to provide access to crypto markets for big investors which is ironic in that it was developed to eliminate banking institutions. Therefore, I think it's here to stay and a huge potential as something on the order of 95% of the population on the planet doesn't have access yet last I heard.
As for the actual valuation? I don't trust any of the existing models since this is so new. That said, some of the day traders I work with see striking similarities to the charts so it looks like those same principles are in play. You just have much more volatility and unpredictability due to new, rumor, and the inherent risks of which you speak. It certainly wouldn't surprise me to see any or all crypto drop to oblivion.
Blockchain makes a ton of sense for many significant applications. Real Estate, inventory tracking, voting, banking, hospital records, file storage and many more. The CEO of CommVault is on record as saying it is the future of backups. As we get more of these ransomware situations which have gotten savvy enough to infect the backup files too, having an immutable backup could save an organisation.
It also makes retention for legal purposes much better. We pay significant amounts for systems to handle chain of custody concerns here. Being able to take that another step forward is very valuable.
I think the naysayers could be right, but I also think they are mostly folks who stand to lose big if they were behind in development and other things are taking over.
I chuckle at every big time CEO etc that down talks crypto...
https://news.bitcoin.com/after-the-boss-calls-bitcoin-a-fraud-jp-morgan-buys-the-dip/
http://www.foxnews.com/tech/2013/12/10/jpmorgan-files-patent-application-on-bitcoin-killer.html