Too few which allows the likes of Buffet who do their homework to succeed very well.
If you're talking about the stock market to suggest that fundamental analysis is worthless is absurd. When you buy a stock, you're buying a piece of a business. The value of a business enterprise to an investor is two-fold: a) actual and expected dividends and b) appreciation. Some stocks, particularly the like that Buffet is into investing in, are the kind where dividends are key. What Buffet does is thoroughly analyze the key figures or a business enterprise to determine its value. If the value considerably exceeds the price, he buys and holds. Growth stocks, in contrast, are much more speculative in that their profits are mostly up for speculation. Companies that develop new technology are a good example of that.
Cryptocurrencies are at the extreme speculative end of the spectrum. I don't think there are any blockchain projects at the moment with a cryptocurrency of their own whose fiat price is supported by actual fiat income streams allowing for proper fundamental analysis.
Stock price is not usually a reflection of anything except the general sentiment of the market. When the sentiments are high, even crappy shares are worth a lot and during bear market, even best of stocks sell below thier Book Value. Buying dividend stocks is two edged sword. On one hand, they give regular income but on the other they don't have much capital to expand their business.
Having said that, crypto is a separate beast altogether. There are few, which actually have monetization strategy in place, and of the ones that do like ripple are hated by the community. But considering the average age of investor in crypto is about 20 yrs, these kind of logical discussion doesn't hold lot of merit. This is the same age group which pushed the price of SNAP stock to 30$ because they thought it was cool.
Only thing that works in crypto is buy low sell high if you can stick to it. Sounds simple but it's really difficult to follow.
The smart contracts capability of Ethereum is 2nd to none. Many corporations, as well as business houses, are using the smart contracts capability of Ethereum in order to create their own products as well. This is further making Ethereum more and more popular as well. As the platform becomes widely used, it will gain more and more movement and this will increase the price of the cryptocurrency as well. As the decentralized usage of the platform becomes more and more popular, the demand for the cryptocurrency will also increase.
Moreover, there are quite a few companies which are solely working on the Ethereum blockchain rather than the Bitcoin-based blockchain. Thus, the prominence which it will be able to achieve will be much higher as compared to the Bitcoin-based blockchain. The underlying technology seems to be pretty strong as well.
If you’re looking for a cryptocurrency in which you can invest in at the current prices, Ethereum looks like a safe bet. Moreover, with strong applications and underlying usage, you can be sure that it is not just another inflated cryptocurrency. It offers great value as compared to some of the other cryptocurrency tokens. Also, with a significant amount of market cap, the volatility is comparatively on the lower side which will provide you with some degree of stability in your portfolio.
Do you know which companies are those?
Cut and paste job...
https://smartereum.com/3355/ethereum-price-predictions-2018-how-high-can-ethereum-go-eth-price-today-sun-aug-19/
Don't expect a useful reply!
I suspect that's exactly what Berkshire Hathaway does. It sells when companies are overvalued and buys when they are undervalued. Warren Buffet is the most successful investor in history. Carefully working out the value of companies is what allows his company to know when their stocks are undervalued or overvalued. One thing Buffet does is refrain from any calls if he cannot base a decision on sound analysis.
From the horse's mouth: