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What ever happened to Fundamental analysis when evaluating an investment ?
Fundamental analysis doesn't even exist when looking at the value of a cryptocurrency so it's purely a speculative play using reading the tea leaves technical analysis which is basically gambling on which way the wind blows and not investing.
Quote:
The biggest part of fundamental analysis involves delving into the financial statements. Also known as quantitative analysis, this involves looking at revenue, expenses, assets, liabilities and all the other financial aspects of a company. Fundamental analysts look at this information to gain insight on a company's future performance. A good part of this tutorial will be spent learning about the balance sheet, income statement, cash flow statement and how they all fit together.
Great link introducing a perspective worth pondering.
"The Fed itself may wind up helping somebody develop a digital currency; that's the next thing I think we should watch for."
Sounds like they may be looking to invent a FedCoin. A "BitCoin" with government endorsement?
Nobody will use a Fed coin, the fed wants to take some elements of crypto and blockchain, however they want to remove all the freedom from it. They probably want to control the quantity available, want to be able to track it, want the ability to blacklist certain people's fed coins. Nobody is going to use a Fed coin
What ever happened to Fundamental analysis when evaluating an investment ?
Fundamental analysis doesn't even exist when looking at the value of a cryptocurrency so it's purely a speculative play using reading the tea leaves technical analysis which is basically gambling on which way the wind blows and not investing.
Quote:
The biggest part of fundamental analysis involves delving into the financial statements. Also known as quantitative analysis, this involves looking at revenue, expenses, assets, liabilities and all the other financial aspects of a company. Fundamental analysts look at this information to gain insight on a company's future performance. A good part of this tutorial will be spent learning about the balance sheet, income statement, cash flow statement and how they all fit together.
Perhaps I am wrong but haven't you been negative on Bitcoin in other threads? If not, I apologize.
There is an attitude that people who invest in Bitcoin are clueless and haven't done any research, whereas those who are not invested in Bitcoin know better and are knowledgeable investors.
Is it only appropriate for people who are positive on bitcoin to comment on it?
Nobody will use a Fed coin, the fed wants to take some elements of crypto and blockchain, however they want to remove all the freedom from it. They probably want to control the quantity available, want to be able to track it, want the ability to blacklist certain people's fed coins. Nobody is going to use a Fed coin
Fedcoin could be used to pay IRS and other gov organizations like post office, passport office etc. Imagine if it becomes mandatory for US folks to purchase fedcoins everytime they trade cryptos and they have an incentive to purchase fed coins early on with a discount as compared to end of yr. It would make life so easy. No need to convert to fiat to pay tax.
I am all up for fed coin. It will be used to trade other alt coins and no more need for scams like USDT tether coins that the chinese are holding in crypto market. If anyone should be holding a USD alternative in crypto it should be the Feds. Traders are frequently parking or cashing their investments in USDT during downtrend or rise in volatility of bitcoin. Instead this would allow them to park in fedcoin temporarily
Imagine if it becomes mandatory for US folks to purchase fedcoins everytime they trade cryptos
It can never become mandatory.
One can always use cash or literally anything else under the sun they want to exchange bitcoin for.
Peer to Peer.
That's the censorship resistance component of bitcoin.
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A "BitCoin" with government endorsement?
