https://www.creditdonkey.com/image/1/how-to-invest-money.png

This is exactly the kind of thing I was thinking about, and have recently been trying to make myself aware of whenever either investing in something whether it be a cryptocurrency or any other project, that is practicality. It is really something that is simple to realize because we all have to use it as humans and have the sense to detect it, I believe at least. And while we all are enjoying the new advancements and great things happening in the cryptocurrency space it can be easy to loose your sense of practicality, so I want you to think about the following when looking to buy or hold onto an investment.

https://www.quickanddirtytips.com/sites/default/files/images/5999/where-to-invest.jpg

>This year will be the year of great reckoning in the token sale and cryptocurrency space. While many companies have been able to get away with poor or unusable codebases, I doubt developers will let future companies get away with so much smoke and mirrors. It’s safe to say we can expect posts like this one detailing Storj’s anemic codebase to become the norm and, more importantly, that these commentaries will sink many so-called ICOs. Though massive, the money trough that is flowing from ICO to ICO is finite and at some point there will be greater scrutiny paid to incomplete work.


>What does this mean? It means to understand cryptocurrency you have to treat it like a startup. Does it have a good team? Does it have a good product? Does the product work? Would someone want to use it? It’s far too early to assess the value of cryptocurrency as a whole, but if we assume that tokens or coins will become the way computers pay each other in the future, this lets us hand wave away a lot of doubt. After all, not many people knew in 2000 that Apache was going to beat nearly every other web server in a crowded market or that Ubuntu instances would be so common that you’d spin them up and destroy them in an instant.

>The key to understanding cryptocurrency pricing is to ignore the froth, hype and FUD and instead focus on true utility. Do you think that some day your phone will pay another phone for, say, an in-game perk? Do you expect the credit card system to fold in the face of an Internet of Value? Do you expect that one day you’ll move through life splashing out small bits of value in order to make yourself more comfortable? Then by all means, buy and hold or speculate on things that you think will make your life better. If you don’t expect the Internet of Value to improve your life the way the TCP/IP internet did (or you do not understand enough to hold an opinion), then you’re probably not cut out for this. NASDAQ is always open, at least during banker’s hours.

If you liked my post please show your appreciation by upvoting, sharing if you want others to see it as well, and follow me @Jokeskay