A copy/paste from /u/palmerstoned on reddit on 2018 Jan 7. What do you guys think?
/u/palmerstoned: There is no fucking limit on how high this can go (compared to traditional stocks where there actually is a limit due to economic indicators like P/E ratio's). When someone says it's overvalued or undervalued, they are automatically wrong because we have not found any method yet to actually value crypto's, unless you compare the value between crypto's. The nominal value of derivatives in the world is estimated at 1.2 quadrillion (probably a gross overstatement and a bad comparison but a man can dream). Let that sink in for a moment.
/u/palmerstoned: We are still far away from large investment bank ETF's where they actually buy Bitcoins or Ethereum. But it will come, they will never let all this money lying around. The problem right now is that exchanges aren't safe enough yet to be buying Bitcoins by the millions. UI interfaces for wallets are way tooo complex for the average Wall Street trading desk. But this will change, eventually. (definitely keep an eye out for investment opportunities in this niche market). Goldman Sachs has already announced they will put up a trading desk by the summer. Things are about to get a lot more crazy!
/u/palmerstoned: There is no fucking limit on how high this can go (compared to traditional stocks where there actually is a limit due to economic indicators like P/E ratio's). When someone says it's overvalued or undervalued, they are automatically wrong because we have not found any method yet to actually value crypto's, unless you compare the value between crypto's. The nominal value of derivatives in the world is estimated at 1.2 quadrillion (probably a gross overstatement and a bad comparison but a man can dream). Let that sink in for a moment.
/u/palmerstoned: We are still far away from large investment bank ETF's where they actually buy Bitcoins or Ethereum. But it will come, they will never let all this money lying around. The problem right now is that exchanges aren't safe enough yet to be buying Bitcoins by the millions. UI interfaces for wallets are way tooo complex for the average Wall Street trading desk. But this will change, eventually. (definitely keep an eye out for investment opportunities in this niche market). Goldman Sachs has already announced they will put up a trading desk by the summer. Things are about to get a lot more crazy!