Stop Comparing Crypto To Amazon...They Are NOT The Same

Miscellaneous40

newbie

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Quote from: Legitimate9322 on October 21, 2018, 01:49:11 PM

Quote from: Miscellaneous40 on October 17, 2018, 03:05:18 PM

I see a lot of people comparing crypto to Amazon. They will show a chart showing how much Amazon fell after the tech bubble. The difference between Amazon & crypto is simple. Amazon was a company people used & it had a purpose. It made life easier & allowed people to shop online in a way they had never done before. Bitcoin is nothing but another form of currency. It's decentralized which makes it unique, but at the end of the day what does a bitcoin offer?

In my opinion coins that offer a product will make it. Right now the alt market is hurting a bit, but coins/ICO's that offer something useful stand a chance. A coin that creates something people can use could be a winner. ICO's are just a unique acronym for "crowd funding". Projects like Omnity, Nauticus, & CoinMetro fill a void. Omnity is creating a search engine that caters to quality research. Everything Omnity is doing is data driven. It's something college students or professors could use to further their studies. Nauticus & CoinMetro are exchanges. Exchanges obviously serve a purpose. These are ICO's that I can see succeeding because they have a purpose that fills a void with consumers. An ICO or alt coin that exists without a purpose is a complete waste of market space/cap.

Projects Mentioned:

https://www.omnity.io/

https://nauticus.io

https://coinmetro.com/

I agree, but Amazon was in the same situation. ICO's are hurting right now & might be able to prevail in the long run. Just depends on the market.

It's an illogical fallacy haha

Legitimate9322

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Quote from: Miscellaneous40 on October 17, 2018, 03:05:18 PM

I see a lot of people comparing crypto to Amazon. They will show a chart showing how much Amazon fell after the tech bubble. The difference between Amazon & crypto is simple. Amazon was a company people used & it had a purpose. It made life easier & allowed people to shop online in a way they had never done before. Bitcoin is nothing but another form of currency. It's decentralized which makes it unique, but at the end of the day what does a bitcoin offer?

In my opinion coins that offer a product will make it. Right now the alt market is hurting a bit, but coins/ICO's that offer something useful stand a chance. A coin that creates something people can use could be a winner. ICO's are just a unique acronym for "crowd funding". Projects like Omnity, Nauticus, & CoinMetro fill a void. Omnity is creating a search engine that caters to quality research. Everything Omnity is doing is data driven. It's something college students or professors could use to further their studies. Nauticus & CoinMetro are exchanges. Exchanges obviously serve a purpose. These are ICO's that I can see succeeding because they have a purpose that fills a void with consumers. An ICO or alt coin that exists without a purpose is a complete waste of market space/cap.

Projects Mentioned:

https://www.omnity.io/

https://nauticus.io

https://coinmetro.com/

I agree, but Amazon was in the same situation. ICO's are hurting right now & might be able to prevail in the long run. Just depends on the market.

crimsongoth

member

Activity: 588

Merit: 18

The comparison of Amazon with cryptocurrencies didn't make any sense to me. I think the financial development processes are compared in here. I think it would be much more sensible to compare the blockchain with the origin point of the internet.

Adunni6758

jr. member

Activity: 420

Merit: 1

Little do i wonder, when i see that some ICOs are not reaching the expected softcap, let alone reaching their hardcap. We are no more in a time where investors will just invest in ICOs based on hype. Although, we still have some that survive with their hypes, but they are nit that common.
If a project does not have anything to give, except to collect money, then no one will give it anything in return.

Miscellaneous40

newbie

Activity: 5

Merit: 0

Quote from: bttmember on October 17, 2018, 03:13:36 PM

You are right that both of them are two different things but actually the charts and technical analysis of them can be compared because both of them are traded and similar due the financial market aspect, so in my opinion stocks can be compared to crypto.

Agreed, I hope you're right because right now I've invested around 10% of my savings into crypto. Hoping for a bull market to initiate within the year.

bttmember

member

Activity: 938

Merit: 13

AMEPAY

You are right that both of them are two different things but actually the charts and technical analysis of them can be compared because both of them are traded and similar due the financial market aspect, so in my opinion stocks can be compared to crypto.

Miscellaneous40

newbie

Activity: 5

Merit: 0

I see a lot of people comparing crypto to Amazon. They will show a chart showing how much Amazon fell after the tech bubble. The difference between Amazon & crypto is simple. Amazon was a company people used & it had a purpose. It made life easier & allowed people to shop online in a way they had never done before. Bitcoin is nothing but another form of currency. It's decentralized which makes it unique, but at the end of the day what does a bitcoin offer?

In my opinion coins that offer a product will make it. Right now the alt market is hurting a bit, but coins/ICO's that offer something useful stand a chance. A coin that creates something people can use could be a winner. ICO's are just a unique acronym for "crowd funding". Projects like Omnity, Nauticus, & CoinMetro fill a void. Omnity is creating a search engine that caters to quality research. Everything Omnity is doing is data driven. It's something college students or professors could use to further their studies. Nauticus & CoinMetro are exchanges. Exchanges obviously serve a purpose. These are ICO's that I can see succeeding because they have a purpose that fills a void with consumers. An ICO or alt coin that exists without a purpose is a complete waste of market space/cap.

Projects Mentioned:

https://www.omnity.io/

https://nauticus.io

https://coinmetro.com/

Topic: Stop Comparing Crypto To Amazon...They Are NOT The Same (Read 141 times)