For years, there’s been no more reliable investment class in Australia than residential property in our major cities. But increasingly, it looks like 2017 could be the year that changes.
Not only is the idea of bitcoin easy to get behind, the underlying blockchain technology of the coin is set to revolutionise how businesses record and store information.
The good thing is the hype is true. The benefits of bitcoin are real, and that they will usher in a long-term financial revolution. If you can see the fundamental promise of what bitcoin is designed for and what it delivers, then you’ll see that price is somewhat irrelevant.
Like I said, it’s a great idea. But as long as digital coins continue to appreciate it won’t be a huge success…yet.
Whatever you want to be great at, you must learn, train, and have a strategy. And that applies to investing, whether it’s stocks, precious metals, fine arts and collectibles, or of course cryptos. What blows my mind is the intense application of ‘fear of missing out’ (FOMO) which is everywhere in the crypto world.
I’m sure you know the old saying, if you can’t beat them join them. This could be the best strategy for you and I. By investing in companies that are part of this technological advance, you essentially hedge your life against its consequences.
CME Group, the world’s largest derivatives exchange operator, is launching a bitcoin futures contract. Pending approval of course. If successful, it means we could have a futures market for bitcoins before the end of the year.
I thought there might be some buying opportunities in the sector by now. But the ‘short term’ is playing out for a little longer than I expected. One of my rules is not to buy into a downtrend, no matter how compelling the opportunity.
What if instead it’s Buffett that’s the bubble. What do I mean here? Well, what if it’s ‘Buffett style’ capitalism that’s actually the real value trap for investors? And bitcoin is actually the essence of free markets?
The origin and the production process of what we eat is becoming an important consumer consideration. There’s no way for you to know if the claim is genuine. Well guess who’s riding to the rescue? Blockchain of course.