Investing in the blockchain technology is different than investing in cryptocurrencies. The technology will probably be an important part of our future and that is why companies like IMB
Blockchain stocks to invest in
Here I want to show something I already discussed in the how I find stocks video but I find it so important to differential between the scams and real companies doing business. An interesting company that used to be called Long Island Tea Company with the ticker LTEA, changed its name into Long Blockchain corporation and the ticker into LBCC as the management’s idea was to mine cryptocurrencies or something. Interest for the stock exploded but it soon become clear it was just a hype or better to say scam.
The stock is now trading at 30 cents in comparison to the $9.49 that was the high achieved toward the end of 2017.
Best way to invest in blockchain
On the other hand, some serious stocks like IBM are investing and developing the blockchain technology.
However, IBM’s stock price didn’t explode because it suddenly became a blockchain stock.
The point here is that it will take time for the technology to develop and if I get this right, the point of the technology is to lower costs of doing things and financial transactions. If you lower costs, margins are lower and blockchain stocks should make less money. The general economy could do better but there is not really a direct way to take advantage of the blockchain technology by investing in blockchain stocks.
What do I do? Full-time independent stock market analyst and researcher:
https://sven-carlin-research-platform.teachable.com/p/stock-market-research-platform
I am also a book author:
Modern Value Investing book:
https://amzn.to/2lvfH3t
More at the Sven Carlin blog: https://svencarlin.com
