Crypto 360°

In my opinion investing in cryptocurrencies is at the moment mostly an investment on future.

I am fairly sure that most people who bought bitcoin early, saw the future prospects of it... And I am quite sure most of those people saw those prospects to be, that bitcoin is/will be money, instead of a store of value, or to function just as a reserve on money.

Therefore, I am fairly puzzled by this quite new idea of investing in cryptocurrencies just for investments sake, buy low - sell high, which is to say, make some more fiat. This makes cryptocurrencies out to be just the hollow, quite useless investments, like the wall street investor "experts" have been describing them for years. With this sort of investment strategy you are really investing in something that lacks the fundamentals and any real utility.

Therefore I personally avoid investing in any kind of coins that do not fully thrive for future adoption with the greatest possible utility attached to these prospects. Also I avoid any coins that lack development, scaling flexibility, decentralization, or work in mutual terms with the current financial system, which is bound to be disrupted by this new technology.

I think functioning as international, borderless medium of exchange, holds its value and alters the position of banks, as money creators and gate keepers on the way, is clearly the greatest utility for a cryptocurrency. (Some, that do not even thrive for this are naturally excluded, such as a lot of tokens for example. But their utility value is, as mentioned, lower.)

Solid, gradual development of technical aspects, scaling to meet demand and added features to support the infrastructure, is bound to lead to increasing adoption, despite any misinformation it meets on its way... and when the network effect really kicks in, it will do this in an accelerating pace.

submitted by /u/SEODD-Finland
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source https://www.reddit.com/r/btc/comments/cosiis/cryptocurrencies_as_an_investment_strategy/