RE:RE:RE:RE:RE:KASH is looking sexy now... way undervalued
Some people buying crypto companies think crypto currencies are going to the moon. That is naive for those looking to protect portfolio value from downside. I am looking to put a bit of $$ into the crypto arena. Risk is OK for me. HASH is a good buy if the crypto currencies drive up again from here. Many here think bitcoin is driving north big time very shortly. An investor will not lose out jumping onboard here if that is the case.
My concerns are associated with timing of bitcoin increase. If it stays at these levels or goes lower over the next year or so one must look at companies that can stay afloat and have viable financials (more so CASH). Building/ramping up a business model can cost big time. Some companies loaded up with cash at much higher stock prices and at todays valuations those companies can be very attractive. Trying to do a sizable PP at lower price values can be bad for a company. Companies will not have the luxury of waiting it out before developing their business model.
I am more into value going forward without the hype $$$ increase of bitcoin. There still can be good valuations in miners with bitcoin less than $10000 over the next year or two. The question is where are the better opportunities.
Not everyone investing in crypto currencies are just about jumping on the crypto train that keeps going north. There can be better ways to enjoy the ride.