My dad introduced me to the stock market when I was 1 day old. While lying there in all my glory enjoying the creaturely comforts and unceasing attention afforded to a first born, my dad presented me with my first stock certificate.
Naturally, I jumped up and did a little dance at the 2.5% dividend I would start earning from such an early age - life was going to be good.
Fast forward past a dot-com boom and bust, some roaring returns, and a housing crash, to find that stocks are not all that easy to predict anymore.
When you do a little research and find charts like the one below, you come to find that the money Central Banks are printing simply goes to the stock market.
The problem is that all this fuel is dirty. Every country in the world uses fiat currency, and every fiat currency eventually goes to its real value - a useful museum decoration.
The Facebook and Amazon Coin
Will there come a day when we don't trade shares but coins of a company? There are already rumors of Facebook creating their own coin for the platform. As Steemit continues to gain attention, and companies see the value of a tradeable coin within their own ecosystem, we could see decentralized exchanges adding Facecoin, and Amacoin.
I am not one to think, that once we have a deflationary and/or hyperinflationary period that the blue chip stocks as we know them will vanish in the wind.
There are loads of assets and talent behind that company ticker. Sure, massive losses will have to be absorbed but does anyone truly think Apple is going to cease to exist?
What I find more realistic, is that companies switch from valuing their stock price in dollars on the New York Stock Exchange, to adding their coin to Bitshares or running their applications on EOS.
Sharing a New World
One of the easiest ways I have found of explaining digital currency to my friends and family is comparing a coin to a company stock. People can understand stock prices, and owning shares in a company. They don't necessarily understand how trading that stock works nor are they motivated to do so.
Steemit is and will be a valuable piece for introducing the world of Blockchain to our mainstream friends. I believe the simpler we are able to explain this world the faster we can climb out of the next Depression. It won't be a smooth ride but I believe we can all agree it is a better system than the centralized currencies we came from.
me for more great content.
now if Twitter had a coin...Uh, yeah...they haven't found a way to monetize that platform, and I need a way to capitalize on my following without spamming - hate spam :)
Haha, I still don't understand how twitter survives. Spam, ugh, I hear you.
you are very talented in financial matters - I was just about to respond to your latest post. I don't see how you're not going to retire in ten yrs. :)
I like that foreshadowing. :)
I agree that with ICOs outperforming most angel funds, as well as market capitalization increasing, this is definitely a safe ground for the overinflated stock market, which is manipulated by central banks. If it isn't their new stock market, it is definitely mine :)
And more join us everyday. :)
Yes, I totally think that they are the new and better stock market. A Facebook Coin is coming? Who wants that?
By the way your post styling is very tidy. I like tidy posts.
Facecoin? That's a good question.
Thank you for that compliment. I prefer seeing tidy posts so I want reciprocate that.
If cryptocurrency gets regulated and stock exchanges start selling i, we will see a massive surge prices, good post, followed
Here we go... thank you my friend.
no problemo!
meep
you will never make any steem only saying meep
meep
Good insight.
Now let's pray the guv'mnt never gets their filthy hands on this trading...
😄😇😄
Amen! Haha. 😄
It would be insane if facebook added a coin. If they did it, it probably would not reward people as well as Steemit does!
No because than they have to cut their revenue shares by a large margin and they will never ever consider that for a second.
I cannot imagine it would, haha.
I believe that once visa and other huge companies continue to adapt block chain technology, digital currency will be the future of peer to peer and also trading of food and oil from major Countries!
It is in the works! Good point.
I definitely see the stock market being challenged or changed by crypto currency, especially now that there are cryptos like PPY that will essentially pay dividends.
I think you are right about explaining crypto to people as stocks in companies. I was actually using this exact method to explain bitcoin and ethereum to my dad yesterday lol
That's a good point about PPY. I know I like my dividend stocks, haha.
Lol, great minds work alike!
Looks like a yes to me and we will be seeing some of them to be listed as indexes on stock exchange in coming years.
The future looks promising with all the blockchain technology.
Indexes are in the works for sure.
Yes, the future looks bright.
This is quite visionary imo and I feel you are on the right track. Gone will be the traditional stock exchange. Enter the dragon...the age of crypto.
Enter the dragon... I like it.
It's the title of a popular Bruce Lee movie. I see crypto being like a dragon burning to ashes all the old ways we used to do things. To usher in new growth of better and more innovative technologies.
Boom. @intothewild drops the 🎤
Well said.
Haha, thanks much. Just hope it pans out that way ;) But I have faith it will.
As do I.
So, keep your money in crypto even though it's having a rough day.
Haha, and exchange more fiat for it.
Nice post...well done
Thank you.
You well done boss...... Following you
Thanks for the follow.
Follow back plssssssss
Yeah i think ICOs are closer to VC funding just that the valuations are a little stretched. But who knows?
Yes, time will weed out the high valuations.
Nice post
Thank you
Nicely wrote! I've been wondering this myself and thought of them like Penny stocks.
Thank you! Some of them are, haha.
WalMart was a penny stock ;)
True. ;)
The blockchain will change many industries and stock trading will be one of them. I had no idea Facebook may introduce a coin. I wonder if a post would have its earnings taken away if the post was censored by them. That would be interesting to see.
Hmm, I had not thought of Facebook censoring a post reward if that dynamic came to fruition. I would not be surprised if that is being discussed.
Amazing post and narrative! Thank you for sharing.
Thank you Michael! Appreciate the encouragement my friend.
You're welcome.
You are too kind. Thank you for that randowhale vote!
Just a small token of appreciation for your ongoing support. I really appreciate it!
You're a good man. Happy to support quality work.
Likewise! 👍😎
That is why it is hard for the pros to beat the Buffett 10 year, million dollar bet against a SPX500 index fund.
I guess my brain is just stuck in equities because for the life of me I don't buy the value of most coins. Except for Steem. I can see the value in Steemit thereby Steem has value behind it. I guess I'm like Buffett in that I never was a gold lover. It doesn't do or produce anything! I guess I equate coins to gold in that way.
I completely understand that.
There are a lot of coins that do not bring value, and they will fall by the wayside after the initial excitement.
Steem has the advantage of an engaged user base - the technology on its own won't do anything which is where a lot of coins disconnect from reality.
Oh good and silver, haha, I am in the monetary history camp so I am waiting for a revaluation of paper currencies before I get off the metals wagon.
Just for fun you got to read this one minute piece from Buffett about gold, farmland, and ExxonMobil!
https://www.gurufocus.com/news/239678/gold-vs-farmland-vs-exxon-mobil--buffett-makes-ense-of-it-all
Love that quote from Charlie Munger.
That was a great article. Thank you for sharing!
Sage advice from Buffett there, and I agree with him but I'd still buy metals right now until we have a new reserve currency - after that, give me a horse farm with lots of land, haha.
Thanks much for taking the time to read it!
Yes I'm a fan of Charlie. He is a gem!
Of course! You recommended it so I wanted to read it.
I am as well. The combination of Charlie and Warren are a joy to listen to.
Upvoted and followed!
Thank you!
This post received a 2.1% upvote from @randowhale thanks to @michaelstobiersk! For more information, click here!
Nice post...congratulations
Thank you.
:)