Toevallig kwam ik vanmiddag een interessante stelling tegen op Cryptocompare die wel past binnen de ‘discussie’ van vandaag
Ik kan proberen het in eigen woorden samen te vatten maar dan krijg ik het via mobiel niet zo helder op digitaal papier, so here it goes:
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Who are most crypto investors?
1) people who have no fucking clue what they're buying and they want the moon. They follow trends, tweets, they think they are doing "research" by watching YouTube videos made by other people who are equally clueless.
2) day traders who don't care about the underlying asset. They follow trends lines and bollinger bands and resistance lines and couldn't care less if something gets implemented a year from now. These people take out huge leveraged positions and can make prices swing wildly. The wild swings attract other day traders who are looking to take advantage in volitility, completely ignoring the asset itself.
3) people who know about tech and want to buy and hold long term.
4) people who don't know tech but want to buy long term.
The last 2 groups are probably much smaller than the first two, and certainly represent less volume on any given day. The important takeaway is that crypto is difficult, if not impossible to accurately value because currently there is no underlying activity for the tokens to represent. You can price AMZN through P:E ratios for example. The price of the stock is a reflection of profitability, revenue, assets, and things like that. Real things you can put a number to. Crypto doesn't have that, so price discovery is really hard. Add to that all the fickle traders who scurry and hide at the slightest gust of wind like a herd of cats, and you get some really good looking projects with abysmal looking tokens, and billion dollar projects with Monorail salesmen as their leads, whose tokens are doing fantastic, but have absolutely nothing to show for all their billions in
Ik zit tussen groep 3 en 4