This is the part I disagree with. For most of the top currencies, not only is there a paper outlining exactly how the technology works but you can even vet the source code yourself. How many people, outside of amazon have vetted AWS source code?
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Ok apologies. Crypto is simple to invest in :).
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investing is never simple and I never suggested it was.
All Iām saying is, when trading crypto, you have a lot more information available to you, for free, than when you trade other assets. (full order book, depth, real time prices, project source code, white paper, etc etc)
So in response to your ānot knowing what Iām buyingā point, I have more information about any of the top 10 crypto projects than I do about any of amazons projects. Thatās not to say itās a flawless investment, Amazon make money, most crypto projects donāt have enough users to have a properly flowing economy yet. That may be enough to not make people want to invest, and thatās absolutely ok, of course, but itās not a reason to automatically write it off and tell people itās not for them to invest in because they arenāt clever enough to understand it, since Iām fairly sure youāre only basing this off of your personal experience.
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I am not bashing or criticizing anyone for what they do. Each to each own. I just said my opinion. Just looking to BTC USD chart- 5 days ago it was at 39743 per bitcoin, at the moment it is 33161. I personally donāt have mental capacity to process this and cope with it. Oh it is now 33128. By the time I will finish this comment the price might move up or down againā¦ I salute anyone who can trade, invest or engage in other kind of play with criptocurrencies and If in the end you can make (a living) or money in it, more power to you!
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Iām basing this off-of every emerging growth area ever. How can the crypto industry keep the momentum and keep peopleās attention from now until itās viable on a mass user case?
So many tries & errors need to be made to find the main products offering. Itās awesome what the talented engineers are building upon, they now need to teach the world and convince them to use this stuff. Thatās a long haul.
So from an outsiders investment, do you buy and hold? Buy and sell when you think itās peaking? Which company do you buy the dip of? Which companies are derelict?
I feel this is one area where only a true tech expert can understand the value of.
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I think a lot of people conflate understanding the technology vs understanding the investment. I donāt see much correlation between the two - Bitcoin is still the largest crypto and I doubt youād find many people who think itās the best protocol now.
You could have a great understanding of all the technologies but that would give you no idea about what to invest in which is driven by speculative sentiment, not technical merit.
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I am a degenerate 
Here me roar!
bitcoin doesnāt need to be the ābestā protocol. This isnāt a winner takes all game, itās a bunch of projects building out an ecosystem. Lots of these projects are solving completely different problems, and these days there is more of a focus on interoperatability, meaning cross chain transactions.
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Polkadot looks nice it that regard. All the usual smart contract stuff and then other cool shizzle like verified identities etc
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Sounds good, learning from your own mistake (or more like missed opportunities).
It is great that you developed a strategy which feel comfortable and works for you.
I believe from the macro viewpoint blockchain, NFT, tokenisation of assets and defy are going to be huge (a massive game changer). But again as others have said some trends in the past that were consider to become game changers have not yet delivered and/or taken off (yet).
Right, thatās what I mean. There isnāt much point researching the technology because better tech doesnāt imply a better investment.
in the short term perhaps, but in the long term, why not?
Look at the green energy industry, there are lots of startups coming up with different ways of creating green energy and there isnāt likely to be one winning method but youād still want to know a bit about each one before investing so you can decide itās viable or not. in the near term, green stocks will be driven by sentiment, in the long term they will be driven by how good their tech is. why not the same with crypto?
Yeah maybe in the long term, but youāve said it yourself bitcoin is huge despite the technology so currently there is no evidence to suggest the best protocol (in terms of utility) will be the biggest winner.
It also seems fairly likely that the long term winner currently doesnāt exist (maybe something brand new or an update to some existing chain will surpass all current implementations).
Technology is relevant to productive assets (like green energy stocks) because it determines their future earning potential.
I never said that at allā¦
I said the concept of ābestā doesnāt need to exist when they are solving different problems
I think Iām too risk adverse to buy crypto.
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so decentralised hosting providers, streaming services, storage providers, etc, etc will never have any productive assets?
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Burry is imo referring to the pumps that have already happened over the years and the mega dump thatās coming to cover the short positions.
Cos imo thereās no ways retail pumped btc to 64k. There is not enough firepower imo.
Heās also highlighting dumps of stocks that have been pumped by whales as well.
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Unless hash power hits 51% control for one party, BTC is a/the strong(est) network security protocol due to the fact that miners / investors have suffered so much of the sunken cost fallacy (leccie and cash) that folk wonāt give it up (a bit like fiat and central banks at the moment, one could say) and the fact that it plays on pure game theory using thermodynamics.
Like any institution, the only reason it has value is because you, as an individual, ascribe it.
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