I've been around, investing, much longer than most of you and "been there, done that" so be warned.
Cheers and GOOD LUCK !
I will agree with you in the fact that the crypto market can go to nothing very quickly but I wouldn't be here if that was the case. You can't get this kind of risk exposure anywhere else but crypto!
Exactly 1 year ago a mere TOTAL of $44.6 Billion was invested in Crypto currencies and early Jan 2018 it was already a staggering $800+ Billion but NOW -just 4 months later- YOU value EOS at $50 Billion (if the price is $50/coin ?
Really? Even at $17,6 Billion right now, it's not realistic. Let's be a bit more sensible and not hyping with all the lemmings...
Luckily I only put my dollars into EOS and ETH and I took the opportunity to keep buying during the 3 month crash. I bought way back almost a year ago because there was potential in EOS and still is. If it can effectively compete with ETH it will be $50. mark it! If there is reasonable suspicion to believe that they can compete with ETH, regardless of working product or not, the price will move towards $50 because that is the expectation.
Lastly, I don't agree with your statement that business is business. In crypto there are no financial statements, regulations, accounting standards, earnings, cash flows, productivity measures, financial ratios, or really anything that matches a traditional business. It will probably evolve towards that but it's an entirely trust-less model. Valuations are as such unknown.
There's too much ambiguity to say anything with certainty. Overvalued or undervalued. Time will tell but I appreciate the debate!
But I certainly like the debate also and it's nice talking to you, with respect. Cheers
It's awesome that you are on the VEN train, best of luck to you. I might have to check it out!