RE:RE:RE:DIGI seems overvalued and bloated
issatrade crypto is talked about as though it is homogenous it is not given that it is all actually in truth will sooner or later be tied to corporate earnings the way it should be. Bitcoin is the hugest fraud and hype as it is not tied to any single corporate entity and valued solely based on scarcity. There are hundreds of not 1000s of currencies all under the umbrella Crypto bitcoin being the first of its type but how much value really should it be afforded on that basis? That is just so absurd. If all the others have to be tied to corporate performance it should be non different to bitcoin. But where all this volatility in crypto is concerned it is all wrongly placed in that if there are those that are going up in value that bodes well for the sector and those that are going down not well for those companies despite the move. Now here is why I say this is not homogenous you can't say that some up or some down should torpedo the sector on the whole especially when you know that crypto is here to stay. What you can however say is things should be taken and measured on their own merits. The coins are what they are until there is something added to them so in this way the sector is at a base which had been far overvalued when looking at only the so called strong coinage that if like bitcoin is all false but for those that are actually advancing on corporate performance that is another thing. The key to crypto are the underlying block chain tech that is compatible to whatever currency it works to and the ability to securely transfer coinage faster as well as in more bigger chunks. Those companies that greatly improve the transference will be worth more than those who can not and no doubt creating and selling a corporate brand. Like cbd when crypto all look the same and act in the same as to comparable tech corporate profits will always dictate the values or rather they should and again why I call bitcoin a fraud it needs to play by the same rules as every other currency as to my two cents. That said all the weaker companies with low bottom lines will see their coinage values diminish and who knows maybe even either divest or entirely get out. Digi is a smart platform and the funds is a brilliant move but having said this crypto and block chain are bit one aspect of the business. This is a company strongly involved with AI that can be used in any and everything so as to see it only as for the currency despite it seeming to be the main focus is simply wrong as the company has staffing and retention programs security based programs and I will not be surprised when it moves to financial software packages to help people more easily run their books. This company can also enter the numerous things in augmented reality like advertising and the like as well as possibly be applied to virtual reality but whether or not it happens has yet to be seen. In any case, I think people are not viewing things correctly here and all of it should be taken relative to what is being measured and how? Not all coinage are and will be equal and as far as I am concerned the proper measure should always be tied to corporate earnings as well as the advancement of the tech not just in and of itself but with the block chain tech needed to properly compliment it.