Did you ever come across the "Dragon's Den" programme where start-up business people pitch their businesses to get funding from a bunch of pretty hefty 'Dragons' [investors]?
I get my Dragon's Den head on when I'm looking at coins. I want to see that there's a need for this thing that's being offered. You know when you see something good on Dragon's Den and you kinda know the coin or crypto related application is going to fill a need or a gap or facilitate something that needs facilitating. When I see that I get interested.
I'm BY NO MEANS anything other than an absolute beginner with crypto ... but I'm learning slowly as I go along and I'm always looking out for 'needful' things.
I go into cryptocompare.com and look at whichever coin is performing well for a while and investigate it. They have some blurb on each coin and a little thread/comment section below that can be quite informative [people go out of their way to put some good info about their fav coins/least fav coins on there]. I also listen very carefully to my mate @alanfreestone who seems to have his finger on the applications pulse in particular.
I'm interested in Monero because it apparently resolves the privacy issues. Also, it's a generation after Bitcoin and has been able to deal with some of the scalability issues of Bitcoin [I have read]. It seems to me that Monero is going to be important and I see that it is gradually building in a very steady way. When I first started looking at it it was about 70p [GBP] in value and has crested £3.50. :-)
Thanks for the tip on cryptocompare
Monero: I am not really convinced that the public at large value privacy all that much. Of course that has some value. Is that worth 3 pounds and ten shillings? Maybe more?. I will check someday soon.
I followed you and @alanfreestone as you both talk sense.
I like the Dragon’s Den analagy (some countries call it the Shark Tank). There are two things the Dragons always focus on:
Will there be demand? Is there a market?
Valuation (how much is it worth compared to asking price)
Totally.
I think privacy will be important to everyone because they don’t want to be taxed 40% on their profits on crypto. 😄
I thought the tax was 45%?
By the way the taxman wrote to tell me that my “tax-return is outstanding”
I’m pretty chuffed by that, as I can’t actually remember doing it.
hahahahaha! I like that one!
Depends where you are I suppose. I think we get charged 40% over a certain income and maybe there's an even higher level one? I've not been that rich to notice ... but you could be with a few crypto investments!