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Strategies & Market Trends : The Art of Investing
PICK 49.91+1.0%Dec 19 4:00 PM EST

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Lou Weed
sixty2nds
To: Lou Weed who wrote (6887)3/30/2023 10:42:14 AM
From: Sun Tzu2 Recommendations   of 10704
 
Not necessarily. I'm very wary of the long term prospects of the current crop of cryptos. They are certainly onto something real. Just as the early internet companies were. But the dominant players of an emerging technology are almost never the starting leading players. I remember when NSCP, YHOO, or even SUNW and CSCO were demigods. They all gave way to other players. Importantly, the dominant players in 2010s internet were using different business models that could not have existed back in 1990s.

Cryptos are in their 1990s stage of the internet stocks.
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