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Erk Oghuz
Asked a question 6 months ago

I am strongly bullish on development and adaptation of blockchain technology and looking for some blockchain stocks /ETFs that express my long term bullish view. Do you have any suggestions?

Where am I?

In The Exchange you can ask and answer questions and share your experience with others!

My suggestion is to "KIS" - Keep it Simple. I personally do a Satellite Investment Strategy, I keep the bulk of my portfolio in Bitcoin (85-90%) and pursue more aggressive investments (10-5%) in Protocols in which i think add value to the blockchain ecosystem.

The best way to know which ones add value is to read the whitepapers and understand the Cryptoeconomics behind each one. Also, dont go after projects which dont have a use case 99% of them are scams. remember: Keep it Simple.

Questions that you need to answer:

Who's behind the project?

  1. Whats the team? whats their background?
  2. how much cash they raised?
  3. try to reach out and talk to them, whats their response?
  4. how long have they been working in the project?
  5. who has the majority of the tokens? are they selling?

Product/Service:

  1. is it working?
  2. do people use it?
  3. is there a necessity for a token?
  4. is there a product already?

Tokenomics:

  1. whats the incentive for people to buy the token?
  2. can you extract a cash flow from the use-case?
  3. do you understand the use?

Risk-Return:

  1. What market(s) is the protocol aiming at?
  2. how much market share can it get?
  3. whats your investment horizon?
  4. how strong is the community?
  5. whats the intrinsic value? can your extract it from the cash flow?
  6. whats the current marketcap?

Don't invest in what people tell you to invest.

Don't invest in what you don't understand.

If someone tells you to buy something ask them the questions above, 99% of them they wont be able to answer.

 

 

 

Sam ColtExChangemaker
"So called Business Engineer"
I am strongly bullish on development and adaptation of blockchain technology and looking for some blockchain stocks /ETFs that express my long term bullish view. Do you have any suggestions?
I like all those non-interest-bearing Deposits and very low cost of deposits (source company S1)
I like all those non-interest-bearing Deposits and very low cost of deposits (source company S1)

Silvergate SI
Not a very well know stock, SilverGate. ticker SI trades on the NASDAQ
Its micro-cap just South of 300 million in market cap. 

Basically they are the bank (San Diego, California based) that helps out 881 orgs. mostly institutions and exchanges transact their USD quick and easy between each other.  The bank itself is old but the new CEO decided to do some things differently in 2014 and become the Bank for crypto institutions. And back then they were sort of the only ones. So well 6 years later they are one of the dominant names in that little niche.  

I'll let Matt Levine explain7 the Business Model:
Schematically you can think of Silvergate as providing a simple arbitrage:

  1. Lots of banks want nothing to do with cryptocurrency customers.
  2. But they’ll happily take deposits from other banks.
  3. Silvergate can pay cryptocurrency customers zero interest on deposits (no competition!), and then put the money in ordinary banks and earn interest.

Sounded pretty sexy to me so I wrote a Twitter 🧵 11about it. (It's not super good but a light start).
I also wrote up a google doc14 (just for myself answering some questions about the stock and sort of explaining what it does, to make sure I understand what they do).  

I encourage everyone to read the S1 .15

I am not a professional (this is not my job) nor am I trying to sell this to you 🤣 If you have feedback regarding this research I am all ears. 

I also own less than 1000 USD worth of this so, "The more you know"


 

Krishna Puvvada
Techie, long term capital investor

I think Overstock is one such play. Check out their blockchain-based assets https://www.tzero.com/13. Also, Raoul's interview with Marc Cohodes is great.

Galaxy digital also gives exposure, though I am still researching. Check them out.

https://finance.yahoo.com/quote/GLXY.V/18

http://www.galaxydigital.io/11

Do let me know your thoughts as well on these two...

 

 

A second vote for OSTK here. Check out the Medici Ventures tech stack:

https://www.mediciventures.com/43

Marc Cohodes said it best. tZERO is the Powerball ticket. Most of the rest are like the daily pick 6. None of it is included in OSTK/OSTKO's current price. 

 

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