Anoma
Resident Celebrity
- User ID
- 189
I touched on that in my original post, too many times I've seen 'financial experts' and stock traders 'predict' or even just give their opinion on this new form of currency and trading.
To put it simply, they're good at their stock trading and hedge funds, however they think they can just take a glance at crypto (mostly the stable coins) and their opinion should be recognised. They are not the same thing though, every evolution of technology had it's detractors, from the automobile to electricity.
Even the computer was seen as a threat to employment. I remember writing a Uni thesis years ago about technology and it's societal effects across history, where one of my references I found was a Time Magazine article from the early 1960's explaining how the Personal Computer will result in mass unemployment. There were plenty of other references that pointed out other advancements in technology like flushing toilets, etc but my point is, you can either choose to be a detractor first or you can be someone who does their research first, what you decide to do next is up to you.
As for the finance people who do what this guy, and myself have been saying for years... don't believe the MSM and their very rudimentary understanding of a new technology say to do, do your own research and decide for yourself whether you think it's a worthwhile investment. Whether it be stocks, crypto, something else that comes along, or a combination of all of them.
I do enjoy seeing articles from old finance experts who have changed their mind on crypto though. It's as if they like to talk first and think later, which is a bad combination. But at least they got around to the thinking part eventually.
I still appreciate the opinions of the other people though, as long as they done their research first.
