How to price cryptocurrencies [TechCrunch Blog]
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Source: TechCrunch Blog
Here is my assessment of what you should look at when considering an “investment” in cryptocurrencies. There are a number of caveats we must address before we begin. Crypto is not a monetary investment in a real currency but an investment in a pie-in-the-sky technofuture. That’s right: when you buy crypto you’re basically assuming that we’ll all be on the deck of the Starship Enterprise exchanging them like Galactic Credits one day. This is the only inevitable future for crypto bulls. While you can force crypto into various economic models and hope for the best, the entire platform is techno-utopianist and assumes all sorts of exciting and unlikely things will come to pass in the next few years. If you have spare cash lying around and you like Star Wars then you’re golden. If you bought bitcoin on a credit card because your cousin told you to then you’re probably going to have a bad time. Don’t trust anyone. There is no guarantee and, in addition to offering the disclaimer
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