[2017-06-23]Analyst: Like Amazon, Bitcoin Offers a Lucrative Multi-Decade Invest

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Analyst: Like Amazon, Bitcoin Offers a Lucrative Multi-Decade Investment Opportunity
A financial analyst looked closely at the spikes in Amazon’s stock price and bitcoin recently. While detailing similarities between the two investments, he explains why bitcoin may be one of the most lucrative trading opportunities for decades.
Bitcoin is Most Lucrative

Education consultant and analyst Gordon Scott published an article on Wednesday explaining how “bitcoin looks a lot like an early Amazon,” referencing the massive spike in Amazon’s stock price that started in 1997. While citing bitcoin “holds real risks,” he believes “there is a real opportunity for traders right now”, adding that:

Bitcoin may be the most lucrative trading opportunity since internet stocks such as Amazon.com Inc. in the dot-com era.
Scott is the Managing Director of the Chartered Market Technician (CMT) program for the Market Technicians Association, a non-profit organization of professional technical analysts headquartered in New York City. Previously, he worked for IBM and TD Ameritrade and spent over 10 years as a trading coach and e-learning consultant.

Similarities to Amazon

Analyst: Like Amazon, Bitcoin Offers a Lucrative Multi-Decade Investment OpportunityAfter explaining the importance of blockchains and the tremendous impact they are likely to have on our society, Scott compared a few of bitcoin’s price spikes to that of the huge Amazon spike during the dot-com boom. He felt that the two spikes are similar because in each case investors are seeing a new technology that could change their world. “The latest run-up in the price of bitcoin is an indication that many more people are starting to believe these promises could actually be fulfilled,” Scott said.

Amazon went public in May 1997 at $18 per share in an initial public offering (IPO) which valued the company at around $438 million. Citing Amazon’s groundbreaking business model, Scott recalled that “investors were not able to fully and accurately quantify Amazon share value at first.” In 1997, people knew that Amazon had a great idea but they still could not fully give a proper valuation to its shares, he detailed, noting that “consequently, investors had to guess at the company’s value.”
read more: https://news.bitcoin.com/amazon-bitcoin-investment-opportunity/

[iamTom123]

Amazon stock is currently valued at 1,001.30 USD according to the figures supplied by NASDAQ. Founded by an entrepreneur named Jeff Bezos on July 5, 1994 and is based in Seattle, Washington, Amazon has proven to be a shining example of how American Dream can come true (though Amazon is largely selling MIC (Made In China) products.

Indeed, there are some amazing similarities between Amazon and Bitcoin. Amazon started small and undervalued and after some decades of successful operations and foray into other industries, Amazon has grown so big that it is now starting to spread its wings abroad.

Bitcoin has a similar story as it also started so small and very, very much undervalued as only a few people believed that it can be what it is today. Had I been one of the select few to own Bitcoin at its inception, I might be crying today because I might have sold it when it hit the $10 value.

Although there is no question that Bitcoin is more lucrative as an investment, I am wondering which can be more resilient in times of difficulties?