Today was a great day for the markets with almost all green across the board. Going into my plans for these posts I am going to be doing news everyday, my portfolio in a list form, and then any trades I may have made or am thinking of making.
News
- Litecoin has been on the surge recently due to the news of lightning transactions around the corner. Today is passed both NEM and ETC to overtake the 4th spot among all cryptos according to market cap. As well LTC hitting a high in trading volume finally hitting $600,000,000+ in 24 hours. With the continued development and support from the community the everyday use adoption will flow in.
- IOTA has been on the decline after first hitting Bitfinex a few days ago. Although the tech and the coin are very revolutionary big whales are looking to cash out soon. There is a lot of animosity from both sides here about if the coin is legit and how it become so big so fast. Will keep updating as the coin progress and sees more adoption from the community.
- An interesting survey was released today on the state of BTC by the Monex Group. It reveals that BTC has an even longer road to progress with informing those who are interested and convincing those who are skeptical. While there is room to grow, the growth is there and is becoming more widely adopted.
Trades or Potential Trades
Iconomi and LISK as time goes on become more appealing.
- I love Iconomi as their platform is going to be released soon and they already have pledged to "burn" a certain amount of ICN each year giving all the coins more value. Looking to pickup once GAME hits $4-5 as I do not see the project progressing much anymore.
- LISK is ETH but uses a different algorithm and has much more room to grow. I am thinking about throwing more USD down to acquire or liquidate my WAVES.
- Nem is also a sleeper with their platform releasing soon and the hype around it.
Portfolio Holdings
Tier S - Monero, LTC, SC/SiaCoin
- LTC and Monero have value as a currency that fit two different niches. LTC is used for everyday transactions like the once used BTC and Monero is focused on privacy and the fact that the transactions won't be traced.
- SiaCoin is riskier than the two but has some of the highest upsides of all coins on the market today. The cloud storage market is growing by 44% every year and growing. The need for a decentralized and cheaper alternative is here in the form of a blockchain. As an added bonus the devs are very active and engage the community a lot.
Tier A - GridCoin, Factom, Decred, and Wagerr
- Gridcoin is Golem but has a working product that people use. It has been in use for years and just recently started to reward used for running the BIONIC system. Also it doesn't fully compete with Golem as this is more focused on scientific research while Golem is more commercial.
- Factom is a coin that wants to store information for companies and the world. They are already in deals with big companies in Asia and have a strong use case. Great coin with lots of upside potential.
- The decred governance and ticket system are very unique and rewarding. Having the community vote on which direction the coin takes make you have a personal stake and helps make the best outcome for the majority. Introducing lightning transactions soon as well.
- Wagerr is some what risky but the gambling scene is huge and their demo they released today is pretty well put together.
Tier B - Ardor, Golem, PIVX, Waves, HUSH
- Ardor is a great coin with amazing development. Similar to ETH but can capitalize the market alongside it.
- Golem is GridCoin but commercial and with a working product could be revolutionary. Risky as there is no demo released but huge upside if it comes through.
- PIVX is a Dash fork that offers instant, low fee, and anonymous transactions. If Monero doesn't succeed I see PIVX coming through or catching up to Monero.
- Waves has a great platform and with the rise of ICOs could be very beneficial.Good development team and has a bright future.
- Hush has had many names before and is just coming into view. Updates almost daily posted to Steem.it and their team is amazing. If this gets accepted to Polo or Bittrex I see it hitting 20mil market cap within 2 days or less.
Tier C - GAME, BAY, AntShares
- GAME is trying to be very revolutionary in the gaming industry by introducing cryptos. Upside is insane but they have already scaled a lot in a shot time period.
- AntShares is the Chinese Ethereum and is gaining a lot of traction. The need for smart contracts is almost endless and this is another probable bet to succeed in the future.
- BAY is hyped and has a good product thats needed.
Why do you think ICN cant go more than 4-5$? If they will become the mainstream Digital Assets Management Platform, something like index funds investing... I think they can really go much higher than 5$
Wagerr, I can't see the real advantage here comparing it to say Matchbook or other exchanges that already exist are crowded, have low fees, are regulated and have big liquidity. Wagerr just not offering something new here and the fees they plan to implement are not small too.
Monero and coins that can be fully anonymous are also problematic as an investment in my view. Governments, regulators will do everything to stop them as soon as crpyto becomes mainstream. There is some potential in black market and that can raise the value but I would not base my investment in something that has only a potential in underground. Followed U also.
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I do think ICN can grow to 4-5$ but just a little to expensive for me right now. As for Wagerr it is a decentralized betting platform where you Peer to Peer bet so there is no middle man. Also as time goes on the amount of Wagerr will be "burned" so the overall supply will drop. As for Monero I think that it offers much more than just it's privacy but the adaptive blockchain and more.
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Just couple of days after your post ICN reach 3.65$ that s what i am saying...why would you limit its potential to 4 or 5$ IMO can go much higher.
Wagerr, really they don't offer something revolutionary. Peer to peer betting exists already and is very popular with traders, profi bettors, volume bettors, arbers and recreational bettors. There are no voids or limits for players, it is 100% safe and the liquidity is very high. You can check Matchbook or Betfair. Fees with this established sport exchanges are already low mostly around 2# IE Betdaq or 0.5 to 1.5% Matchbook. So I dont see any advantage in Wagerr regarding to already existing products. Wagerr will charge 2 to 6% And with low liquidity, cos majority of people will still stay on traditional bookmakers and exchanges, it will be difficult to get good odds there. The only advantage that is possible is growth of the investment, if this platform becomes really popular other benefit is the practical use of smart contract. So to sum up, Wagerr doesn't really offer something really revolutionary. I think there are other areas in crypto that are more innovative. IE decentralised clouds, insurances, digital assets management...
Monero and all crpto that can be 100% anonymous have one common problem. They will most likely not be legal in any jurisdiction so their space stays limited.
Just my opinion (might be wrong too)
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Love to hear insight and other peoples ideas. I see your points and agree with ICN but with other prospective coins on the rise it's too high of an entry for me right now.
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