If you would have invested in AMZN back in 1997 you would have been in for a bumpy ride as even Amazon made mistakes as a company. At several junctures you could have said AMZN was done, that the upside was capped. I sold my AMZN at one of those points…and wish I had kept it! Lesson learned.
Fact is it is risky to invest in crypto, just as it was risky to invest in the early Internet. Crypto is nascent. Many of these companies are pipe dreams. But others aren’t.
As I said back in November if you cannot afford to lose it then don’t invest. The flip side is if you cannot afford to miss the upside then think about this new field.
Since 1994 I have researched, evaluated and reviewed thousands of companies in tech. My meter for finding what I think are the better companies and prospects is tuned up. I am not always right but more than not.
My research into the more than 1300 crypto out there shows a HANDFUL to be interesting to me at a quality level. I own TWO of them.
XLM (Steller Lumens)
Notably, both were started by the guy who started Ripple. Both aim at making banking digital and cross border, better, cheaper and faster. The other crypto I think may have legs is ETH. I like ETH but the value is ahead of itself for my taste.
As for Bitcoin I’m not sure. Scale, speed and electricity consumption seem to be limiting factors. I only mention it because it is the best known.
In crypto there may probably be several dozen winners as time goes on. Winners in terms of the company’s ability to build a SUBSTANTIAL business.