Cryptocurrencies Bitcoin and Litecoin are less prone to bubble valuations than ICOs.
In a gold rush pick and shovel sellers often make more than the gold prospectors.
In the crypto gold rush Ethereum and Bitcoin are both pick and shovel sellers and gold themselves.
Watch the Video Companion to this blog post “The Bubble is In ICO’s not Bitcoin & Litecoin” on VIDME
or watch on BitChute
https://www.bitchute.com/video/Z4XjQsDsFI6u/
Cryptocurrencies – The Gold Rush Analogy
The current crypto craze can be viewed as a modern day digital gold rush (or tulip bubble). Here is one way of looking at the gold rush/crypto craze analogy:
Crypto gold rush goal– Bitcoin, Ethereum, Litecoin, Dash, Zcash others.
Gold Prospectors: ICO companies
Picks and shovels/infrasructure: crypto exchanges (Coinbase, Kraken, Bitstamp etal) hardware wallet sellers (Ledger, Trezor, Keep Key) Bitcoin innovations- eg bitcoin sticks (Opendime) and Ethereuem/Bitcoin used to fund ICO’s. Ethereum to run the DAO.
In a real gold rush analogous entities would include gold brokers, transporters, storage companies, insurers, protection, pick and shovel sellers and other ancillary service providers to support the gold rush ecosystem.
You can buy Bitcoin, Ethereum and Litecoin through Coinbase.
Click HERE to open a coin base account and get $10 of free Bitcoin.*
Comparing the Bubble Like Nature of ICOs vs Cryptocurrenies
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