HOW TO INVEST IN BLOCKCHAIN
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.
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Blockchain for Kids | Blockchain Explained for Beginners
Our first Blockchain for Kids video uses storytelling and creativity to break down blockchain so that even children can understand its benefits. Learn how blockchain works in its simplest form with a little story about a boy called Jacob. Find out what happens when Jacob writes to Santa asking for a blue cat.
Thanks for watching!
Lisk makes it easy for developers to build and deploy blockchain applications in JavaScript.
Licence
Creative Commons Attribution licence (reuse allowed)
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What Is Blockchain?
By using math and cryptography, Blockchain is challenging the status quo in a radical way. Will governments and financial institutions embrace it?
The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change.
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