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> The value of these companies will go up for now because Because they attach themselves to the "big thing" in tech right now. The "big thing" is a really big
by buran77 4y ago
> The value of these companies will go up for now because
Because they attach themselves to the "big thing" in tech right now. The "big thing" is a really big tide so the hope is that it will lift all boats. That's it, it doesn't have to actually do anything, just associating with this gives a good momentary boost. Used to be blockchain and NFTs until just recently.
But some companies are not boats, they're stones on the bottom barely keeping their peak above water. Others are not even in the water but on the side of a hill far away, like the Long Island Blockchain. They still wave the "big thing" flag so some of its image will rub off on them even.
Of course, unlike the the Long Island Blockchain these guys can actually generate content with AI but I don't think that's the endgame here. Doesn't take a genius to tell that hundreds of clones can now pop up and deliver perfect equivalence with little to no effort. So the goal is probably to pump and dump while there's still something to dump.
https://edition.cnn.com/2021/07/10/investing/blockchain-long-island-insider-trading/index.html https://edition.cnn.com/2021/07/10/investing/blockchain-long...