Are cryptocurrencies today like tech investments in the mid 1970s and early 1980s?

in #steem6 years ago (edited)


I feel these are way ahead of their time in practicality, like buying AOL in 1985, or Apple in 1978 of course in both cases if they were possible, I believe Apple was purely venture capital until their IPO. I say AOL in 1985 because as a company they were founded by the co-founders that included Steve Case by 1985--almost a decade before they really came to relevance in the historical mega merger with Time-Warner. Many of the companies we know of today and look back as historically changing the game started much earlier than we think. They also had massive roadblocks getting moving having to really beat their heads into the wall so to speak to get the importance of their niche into the minds of the public.

What are your thoughts?

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This is a very good thought @cryptkeeper17... I don't know if it is like the 80s or the late 90s though... Sometimes I think it is a little of both... I do know one thing, if I get a chance to buy in cheap on some of them (because of a bloodbath), then I will seize that opportunity!

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I'm not sure, I think the whole market is a little lofty... too much money is chasing everything, its like sloshing around everywhere in all assets... I think if the Fed keeps taking money out, then we might get a nasty drop, then it would be an awesome time to buy!

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Yes! A lot like Sun Microsystems, Microsoft and Intel. Just want to avoid a lost decade. Pick the blue chip projects with futures, teams and real tech.

Love it @wstanley you surely get the point, article is not quite done yet but thanks for the insightful comment!

i see what you are thinking now... I thought you were wanting to buy now, but instead you are looking if it is the timing and magnitude of those examples.

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Definitely feels like it to me.

I think those that understand blockchain technology right now will look like geniuses a decade down the line.

Remember Paul Krugman said the impact of the internet would be minimal? I see people pretty well saying the same thing about crypto and blockchain right now.

You and I do, but not too many others lol. That's what happens when ideology gets in front of common sense.

Ive been trying to talk to my coworkers about crypto and blockchain, and even about blogging here on Steemit for $, but it’s a tough sell. It’s a shame. I honestly think I’ll retire far before them because of crypto, blockchain, and Steemit, while they Slave away until they’re around 65.

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