Red Strikes Back - Portfolio Day # 1

in crypto •  8 years ago 

Over the course of however long I keep posting I will be discussing the markets, my portfolios, and the crypto scene in general. I will start with some basic news since my last post then move into my portfolio and thoughts.

News

A new bill being proposed to the senate along with the uncertainty around Aug 1st brought this entire altcoin bull run to a screeching halt. Through the uncertainty and large correction to the market only a few coins gained, with Ardor and a few others reigning supreme. With the markets falling for these two days they are just starting to rebound and passed a prime buying period to enter.
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In Litecoin news their lightning network seems to be coming to fruition with its implementation to Bitstamp this Monday. Through these corrections and gains Litecoin seems to hold its value very well and help hedge your portfolio against the drastic volatility in these markets. Litecoin also recently got a full time developer which help build on their extensive roadmap to become the everyday crypto it was intended for.

In new and exciting news gambling website Bitsler.com implemented the first proof of capacity coin to their site. Without much announcement Bitsler has integrated their entire 2,000,000+ users to a somewhat new and very rewarding technology. As PoC uses hard drive space instead of CPU it is less demanding and more rewarding than others like PoS.
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Portfolio

I am going to break down my portfolio into sections of biggest to smallest. In general the bigger % coins in my portfolio are safer and steadier growth, while the smaller coins have potential but are somewhat riskier.

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.
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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.
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