This week on Lessons from the screen we will be looking at cryptocurrencies. We will tell you what it is, go into a bit of the history, go into a lot of the present, and finally give some takeaways for this particular situation. With the vast amount of wealth flowing into and out of these new pieces of code, obviously there are a lot of people trying to jump on board the money train and ride it to the top of the mountain. But some are risking without understanding, and in our community, that is a mistake we can no longer afford to continue to make.
Over the past 3 years cryptocurrencies have gone from being the stuff of geeks in the technology sector to a wet dream realized in the financial sector. As we watch the newest iteration of a real world “Weird Science” unfold there are plenty of people jumping on board. In the past year alone cryptocurrencies have surged to gains of over 1000% in the stock market as it surges onward to gains of over 10000% since 2013. This has made a lot of people wealthy and has created a large opportunity for risk takers and opportunist to have the big come up they have always dreamed about.