This post has been de-listed
It is no longer included in search results and normal feeds (front page, hot posts, subreddit posts, etc). It remains visible only via the author's post history.
"History repeats itself. So you might wanna pay attention." - Quavo
Disclaimer
The huge wall of text you are about to read was written by a non college educated, middle aged white man, with bad credit and a wild fucking imagination. I'm not exactly someone you should be taking financial advice from. If you operate under the assumption that this post along with every other post your read on Reddit is potential propaganda you will be better off. The bottom line is don't trust me or anyone here.... DO YOUR OWN FUCKING RESEARCH.
Lets Move On Shall We?
Back in 2001 I was a 24 year old know it all. I had it all figured out. The internet age was upon us and opportunities seemed endless. By 2001 we were knee deep and unbeknownst to me near the tail end of the Dot Com Bubble. During this time it was impossible to escape the dot com hype. Turn on the TV, pick up a newspaper, or listening to the talking heads on the radio it was all the same. EVERYONE was talking about the insane amounts of money being made on Dot Com Companies. That year I'm doing pretty well for myself and decided to open an ETRADE account so i could get into the game. I deposited $5000 and proceeded to buy stock in stalwarts like Pets.com, DrKoop and WebVan. These purchasing decisions were in large part made because these COOL FUCKING COMPANIES had ads during the Super Bowl. To make a long story less long I lost 90% of my money within 6 months.
Looking back now it's clear to me why I lost my money and learning from my past mistakes I'm here to share what I learned.
What Went Wrong?
For starters my choice in investments was dictated by GREED & HYPE not actual research..... BIG NO NO. 17 Years later I decided to try my hand at Crypto and after my first big win (XRB at $2.2) I found myself making the same mistakes I made back in 2001. That's when it hit me. I needed to study the Dot Com Bubble and use it as my guide moving forward.
What Did I Learn
For starters I studied the top 100 websites from 1999 (HERE) and looked through who was still around who was gone and who was ahead of their time but failed. That is when the bells in my head starting going off.
- Having a good idea or revolutionary product isn't enough..... If it was WebVan would still be in business (I know most of you dont remember WebVan but basically they delivered groceries on demand think Amazon Prime/Fresh.)
- Many of the Dot Com Bubble businesses were built on theory, buzz and hype. Very few were built on fundamentals.
- Those that did rise from the ashes did so because they had amazing leadership teams and were able to transition business models to meet current market demands.
With this newfound knowledge I began a purge of my portfolio and transitioned from shit coins to hopefully less shitty coins.
Finding the Phoenix in Crypto
With the new foundation laid out I began looking for the following.
Looked at the industries that are prime for disruption. Industries or companies that will be effected most by decentralization. More on this later.
Companies that have a platform technology. If 2017 was the year of the coin 2018 and beyond will be the years of the Token. It could be a social network, could be a software service operating in the cloud.
Companies with a strong team and advisors.
Companies that have a viable product already (The product itself isn't all that important because remember in order to rise from the ashes these companies will have to pivot..... That is were the strong team comes in).
Industries Prime for Total Disruption
Financial & Banking
For fucks sake the entire purpose of Satoshi's whitepaper was to disrupt this industry. Occupy Wall Street seems like it was many moons ago but the ethos of the movement is still alive today. Bottom line is banks, bankers, federal reserve, hedge fund managers etc are in the scope and ready to be taken out.
Education Truth be told I don't know much about higher education in other countries but I do know in America higher education is fucked. It's expensive, semi exclusive, too fucking long and more often than not graduating students have trouble finding jobs and when they do they work 5-10 years to pay off their student loans. Another industry in the crosshairs.
The Entire FUCKING Internet As We Know It I was someone who was hoping and praying Net Neutrality would be reversed because doing so IMO would speed up the process of ushering in a new decentralized internet. On top of that companies like Google can no longer be trusted. If there is ANYTHING in this world besides family worth fighting for it's a free and transparent internet.
I have highlighted a few different industries but for me the above 3 were most important. It's up to you to determine what is important to you.
Where I Landed and Who I'm Banking On
Here is where I take you down to shill city..... LOL. JK or Am I?
Financial
- MakerDAO (MKR) Website
HOLY FUCK! IMO this is the mother of ALL investments. AMAZING TEAM, Real WORKING product, and vision for the future. I'm truly not smart enough to explain MKR but if you believe there is a TRUE need for a Asset backed StableCoin and you would like to leverage your current assets to buy more assets then look no further.
- MelonPort (MLN)
Fuck Wall Street Right? Hedge Funds are a 7 TRILLION dollar industry and MLN is a true sleeping giant.
- D-Corp (DCRP)
Peer funding Venture Capital Firm.
Numeraire
- Education
BitDegree (BDG): Website
MarketCap: 70Mil
BDG has a strong team, a platform in beta and a models that completely disrupts education as we know it. Businesses like Coursera, Udemy and Udacity all have current valuations between 700 million and 1.5 Billion. This one was easy.
- Decentralized Internet
Not gonna give descriptions of these companies because I'm tired and there are too many.
No Particular Order
Neo
Ethereum
EOS
Nebulas
Gnosis
Golem
Missing many more.
Conclusion
Hopefully you learned something and hopefully you have some cool companies that fit my parameters that you can shill to everyone reading in the comment section.
TLDR: STOP INVESTING IN SHIT COINS OR YOU WILL OWN THE NEXT PETS.COM
Subreddit
Post Details
- Posted
- 6 years ago
- Reddit URL
- View post on reddit.com
- External URL
- reddit.com/r/CryptoCurre...