Diary of a Desert Dude #2: Cryptocurrency Thoughts & Updates

in cryptocurrency •  7 years ago  (edited)

1 February 2018

  • Many friends new in cryptostuff asking why is everything going to hell.

  • Cryptocurrency gurus, experts, and supporters are still wasting time circlejerking on Twitter, Medium, and Facebook. It's like they're trying their best not to use cryptocurrencies. Recently found out about the ultra-cheap rates for buying likes and accounts on Twitter. Talk about mass media manipulation. Time to start using Steem, guys.

  • Steem received a good score from Weiss Ratings. Listed on Binance. @ned seems pretty enthusiastic on Twitter. Smart Media Tokens out soon. Future is bright with this baby.

  • Sold off all Substratum last week. The team doesn't seem to have a beta-product anywhere near ready yet and in my opinion, had been misleading expectations back in December 2017. Got booted out of Telegram chat because the admins thought I was trolling. Might buy back much cheaper. Remains to be a project that'll really fly if it works.

  • Raiblocks rebranded as Nano. Pretty sexy all around and might even grab IOTA's marketshare. So far, my favourite pure currency. Increased position just in case this takes off. As for IOTA, just maintaining the position since it has corporate backing and such.

  • Been accumulating SingularityNET's AGI tokens. The core team behind the project has recently made an appearance in the World Economic Forum in Davos, as well as partnering up with the likes of Nexus, SGInnovate, NR Capital, and Ocean Protocol. Source: https://blog.singularitynet.io/singularitynet-community-update-setting-the-stage-for-a-global-agi-3c2e642bb5d9

  • Been slowly accumulating some more Agoras tokens over the past month after watching some of Ohad Asor's videos on Youtube. Honestly, one of the most mind-blowing concepts in the space and would love to see more people digging into it and expressing the idea. Updated FAQ on reddit: https://www.reddit.com/r/tauchain/comments/7pngv6/tauagoras_faq_updated_jan_2018/

  • Laddering down my buys to accumulate more EOS below $8. Ethereum developers not making the hedge on EOS will cry tears of regret later on.

  • TaaS is distributing its third quarterly dividends between Feb 1 - Feb 10 (source). So far the dividends in 6 months (two quarters) had fully covered my ICO entry. With a growing token value and quarterly dividend payouts, this is proving itself to be a stable coin to hold, although still not entirely automated. Other than that, TaaS is well diversified, all-rounded.

  • Pillar seems to have made some progress and the future of atomic ownership accounts could become a possibility. Nice rebranding too. Here's my old post on it: https://steemit.com/blog/@kevinwong/the-pillar-project-a-black-swan

  • Other than Pillar, another wallet-centric project that's making progress is Ethos (previously Bitquence). Laddering down buys to accumulate some more of this.

  • Better use of time in cryptocurrencies: less time trading and speculating. More time time learning, building, and writing about cryptocurrencies.

  • 99% of cryptocurrencies might end up being mirages in the desert.

  • Look for The Oasis.


Not to be taken as financial advice.
Music by Submerse.

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Steem received a good score from Weiss Ratings. Listed on Binance. @ned seems pretty enthusiastic on Twitter. Smart Media Tokens out soon. Future is bright with this baby.

This news just made my day. I'm all in on STEEM and I'm glad to see the massive adoption. 2018 is our year. We'll be glad we took our positions early enough.

Cheers

Excellent overview, Kevin. I'm sad I sold my Agoras tokens. I was bag holding them forever because it seemed like a really interesting project to me as well, but eventually I cut my losses and sold and of course it went up after that. Maybe I'll give it a second look eventually. A while back I took my IOTA gains and bought some Nano at around $1.60. That was one of my best trades of the year. :) I fully agree about stacking EOS whenever you can. I'm also starting to think STEEM may have some big players interested in SMTs due to tweets like this.

certainassets nerdprince tweeted @ 01 Feb 2018 - 03:58 UTC

If I were to name the big companies reaching out about SMTs you would scream out loud :shrug: 🙂

Disclaimer: I am just a bot trying to be helpful.

A while back I took my IOTA gains and bought some Nano at around $1.60.

Oh that's an amazing move! As for Agoras, I gotta say that I've developed some confidence on it through some trusted accounts on Steem like @trafalgar and @dana-edwards. Wish I understand more about it enough to write about it someday :)

Btw, what do you think about creating an app (or ui/ux) prototyping community on Steem?

Yeah, Dana introduced me to it also. I wish I would have stuck with it.

As for prototyping, yeah! Sounds interesting. Lots of projects in the space need better UI/UX.

I'll have to check out some of these cryptos. I have a few of my own I want to increase or buy into. Need to make a bit more SBD first. Thanks for sharing the info.
XVG, Sia, EOS

Will be interesting to see what happens in 5 years :)

In five years? To use a Star Trek quote. "It's life Jim, but not as we know it." ;-)

enjoyed the read and am still enjoying the music...I would have never thought you would listen to this type of music. I like it.. also I enjoy something they call psydub / electronica music like Ott have a good night ❤️

Ohh thanks for the trading advice! :) EOS... That's a good one! I should totally invest more in that. :)

Better to wait lol. without a product out yet, the price is too crazy imo xD

Ahhh lol true! Hopefully it comes out!

  ·  7 years ago (edited)

quitting coorporate social media for some is like stopping to eat pizza and ice cream.

EOS and STEEM are my top two for what I expect to be a difficult year.

Sitting on anything else and waiting just doesn't make sense to me right now. I'd much rather be here, seeking out worthwhile content and using my proof of stake to reward and help people along the way.

As above, there is plenty happening in Steem-land, something that is less clear for many other Cryptos.

Cheers!

Hi - and good comment. Besides using Eth to buy some cryptokitties (like an idiot) Steem is the only crypto I actually do anything with!

Buying some more EOS tomo probably.Got to get my head around this whole 'registration' business though.

Steem is my top tip - and EOS too, although the later is based entirely on trust in DL!

I have some of those not so furry kitties too! Saving mine for breeding later when the blueprints are out in the public domain.

DL all the way, I think most of us are supporting EOS because of him!

speculation is a damn hell of a hobby, Times like this are great to exercise them.

I can't imagine time going back before crypto, only what is yet to be invented matters this point on and never the other way around. The total markets volume could swing things either way with ease. Sophia wouldn't be in the same space with the heads of states, we are here for the years to come. Don't we?

Great update, Kevin!

One can see that you deal with cryptocurrencies deeply.
When it comes to nano and IOTA I went for IOTA till now, since they have a more advanced development than Nano I would say (regarding partnerships etc.)
Have to take a deeper look at Nano as well.

Better use of time in cryptocurrencies: less time trading and speculating. More time time learning, building, and writing about cryptocurrencies.

I can totally agree on this one.
If you want to make improbable profits now go for trading.
If you want to invest in future, go and have your research

Hi @kevinwong,
The amount of info that you shared about
Steem, SMT, Substratum, Raiblocks, SingularityNET's AGI token
Agoras tokens, EOS, TaaS, Pillar, Ethos was really helpful on increasing my knowledge about cryptocurrencies and tokens. I really appreciate it.

I haven't really do any trading on these cryptos as I am concentrating more on accumulating steems at the moment.

Definitely, continue to learn about cryptocurrency.
I may not reach the level of writing nor building it, but knowing that I got a very good clue on finding the OASIS is more than enough at the moment.

Thank you for sharing.
Cheers.

I would say now is a pretty decent buying opportunity. For me 2018 will be more about investing deeper into the projects that are materializing and where i see solid evidence that they deliver on their plans and promises. Given the track record of Dan i think more EOS is definitely good. Steem no doubt has solid foundations to go high in 2018.

Another crypto i am looking into at the moment is Enigma ENG - have you done any research on it?

Yeah Enigma seems interesting. Well there's space for everyone. Adoption is still a big question mark for 99% of the cryptos..

I've been intrigued by FORCE coin. It seems to be a community project with real traction, specifically designed to be part of a system of co-evolving blockchains. Its market cap is up 4 fold in the last 30 days. Do you like it or does it look like a pump and dump?

adoption is taking time, when talking with people not directly involved in crypto its obvious that they have already been brain washed by the government media about cryptos being risky and associated with illegal activities etc..

Those new to crypto do have to be mindful that right now the crypto market is all speculation. In the future, when these cryptos have working products, it's only THEN that the market will start 'pruning' out all the bad cryptos, which will inevitably go to zero. Thanks for the important reminder to choose a coin not because it is greatly discounted due to a correction or because it has low market cap or a cheap buying price. It's important to believe in the technology and be in it for the long run, believing that despite any government regulations, crypto will prevail eventually if it is better and more efficient than fiat.

This is very useful, thanks for sharing. Try not to cry for getting booted out of a chat room for telling people what they don't want to hear*!

Somehow I don't think you care too much about that though.

After dabbling in online communities for 2 years now, now I know why some are branded trolls lol.

I've never liked chat rooms - although the various steemit channels on discord seem friendly enough.

Auuuuuu thanks for the update, I always for forward for these post of yours. Learning, building and writing!! YASSSSS !! By the way, stealing that Playlist 😍

Really glad you put this article out. We're in a big pull back right now, so this is great information for us newbies who have an opportunity to get in now. I appreciate the the update on Substratum. I'm going to pass on that for now. I'm really excited SingularityNET because it essentially creates a hive mind for AI developers and rewards them for developing AI (AI developers are already highly motivated) and Nano/Railblocks. Very cool that the SingularityNET developers were in Davos building relationships.

This is a wonderful rum down of the present happenings in blockchain cryptocurrency. You seem very enthusiastic and confident about steem and that's lovely .

Steem received a good score from Weiss Ratings. Listed on Binance. @ned seems pretty enthusiastic on Twitter. Smart Media Tokens out soon. Future is bright with this baby.

I think this is something one should always be reminded of whereever there is panic like this. Steem has a great future and only the hypermetropic can see this...the myopic only settle for panic.

Look for the Oasis,,, it gets annoying after awhile how they all drop nearly in lockstop, no discernment, oh well. Great talk on @blocktalk with @ned and @heimdanger, really learned a lot about SMTs and how the future will be in apps probably not even imagined yet. Peace

Since I started trading, guys like you inspire me the most.

I have Steemit to thank.

I am still new af, but at least... I like to think I am not panicking just because of a dip and then selling out like another weak hand.

That's why I read stuff like this all the time.

Thank you brotherrrrrr

Well, we sit in the Oasis right now. So it shouldn't feel that bad :D

Yeah, I'm also interested in SingularityNET and Agoras for a while.
One of my friends is accumulating Pundi-x tokens (ICO that is partnered with QTUM) they've got very interesting decision for everyday payments using crypto.

Nice bro, haven't stopped by you for ages and what a perfect post to see what you've been up to. Your moves looking great man, Steemit is surely the Oasis baby! Oh and I'm strong for EOS too, happy days and exciting times to come out the bearish Jan! 👍

Dear @kevingwong what would you suggest me as a new user to do ? I am thinking only to power up , that means making my sbd - > steem - > SP . Is this the best long term strategy?

Yes, my opinion: Steem Power is the best thing ever..

I wanted to convert my SBD to STEEM, but it's just too low at the moment.

thank you kevin

SBD is on the downtrend, might even go lower than $1, better just keep it first than selling it, keep it as an investment for the time being. Almost all cryptos are going down maybe partially caused by the attack on Japan crypto recently by hacker.

I personally wouldn't hold SBDs.. unless if its under a dollar

So did you convert it into STEEM? Any advice?

I enjoyed reading this while listening to the 90's porno movie music provided.

Lol it's exotic stuff

I like Steemit,as the whole crypto world is bleeding and blaming media bla bla....we are here unbothered at all and its business as usual ie post,vote and comment.

Better use of time in cryptocurrencies: less time trading and speculating. More time time learning, building, and writing about cryptocurrencies.

Let us keep Steemin folks and the future is bright for Steem.

I bought substratum when it was around $1.5, we'll see what happens. I'm going to buy some ethos and agoras tokens, hopefully they won't go down after I buy them :P.
It's super nice to see your investment strategies, your transparency and good will are rare.

All good calls especially EOS.🤩👌🏼 I literally just became obsessed with Steemit. I don’t think the crypto community understands what’s going on here. I’m starting to move everything I can into the platform.🙌🏼😁📈♻️

excellent job and post

An excellent approach to the EOS and your investment analysis fully demonstrates the wisdom of the steps taken. Now of course there is a great desire to buy some coins, since the correction affected everyone, but here need a good calculation and foresight. In my STEEM with its function, Steem Power is one of the best purchases! Thank you @kevinwong and keep us informed of what's happening!

Beautifully explained thanks for sharing keep it up i am waiting for your upcoming post wish you all the best

great your post and nice you blog
tenor (5).gif

Nice job bro

Many people tell me it is a bubble. But I feel as if nothing lasts forever so technically everything is part of the “Bubble”...

Really informative

People are seeing a lot of disadvantages, when they need to man up get fiat currency and buy crypto at it's lowest

I like for posting you

Funny how I find your post very timely since I just had a talk with a workmate who's a crypto-trader and I'm just a noob at it. A couple of your inputs somehow aligned with what we talked about.

Hello friend @kevinwong, very good information gathering. I agree that some of the Cryptomonedas are a mirage but there is another that this year showed some stability. In the end you have to be always updated with regard to this world and that's why I thank you for your post. Greetings.

Thank you very much for the information. Hopefully getting better in the future. Thank you for your support and I am here to show you all the abilities I have. Good luck always for you @kevinwong.

I was looking up " SMT's" on twitter, and Social Media Market also has a " Social Media Tokens". Is this the same as "Smart Media Tokens" or is bittrex about to get rather confusing?

Thank you @kevinwong for the information, it is the growth of cryptocurrency

Nice post beautiful presented and explained. detail oriented with nice update cryptocurrency information. thank you @kevinwong for sharing...Hopefully getting better in the future. Thank you for your support and I am here to show you all the abilities I have. Good luck always for you @kevinwong.

after reading this I guess we should invest more carefully. Many of cryptos some are stopped doing good job and few are at worst position. There is new crypto currency that has potential I guess known as bitcoinwhite. It really good job for new currency just lauched on 30 january.
Lets hope steem do great .

Useful and informative post thank you dear friend @kevinwong thanks for update

The post you have posted has many important information, which is very helpful for me. We want you to be with us with such important information, we were with you, I will be there. Through this post I learned something new. Thank you so much for posting so beautiful.

Well spoken, as a matter of fact steem is the future of social media/networking. Thanks for sharing

relay so nice your music post
DQma6bfoCwGUZZ2FSHghKfx4iXuR8xcDNZXayz8suMxxsms.jpg

thank you for the valuable informative post, looking forward for a great month in steemit ;)

even that oasis is far but the best time to hodl and buy more :D i see this as an opportunity

This very good analysis about cryptocurrency.It is very informative and educative valuable.I have seen your video.That a nice video
This is very helpful for us.Thank you very much

A couple of weeks ago, the price of SBD was more than 5 times higher than the Steem price. That was the right time to power-up Steem Dollars. Unfortunately, at that point, I was too inexperienced to know that. Cheers! : )

Been looking at EOS but not sure of the difference between the locked presale token through Dan's website and the one on Bitshares (if any). I think it would be preferable to buy through Bitshares since a VPN would be required to do so through the website.

See related:

Large crypto sale- get your favorite coins and a fraction of a price this time only!

What is your opinion on coins in the music industry? Like Voise and $Music

thank you for information .@kevinwong

I always like to see a mention of coins/projects I am not aware of. I am going to check out nano. I too have been buying agoras. Fingers crossed!

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very good information @ kevinwong, this is very useful for the crowds. That's what life says, sometimes it does not happen the way we want it to be. Like the price in a market, it makes us confused. Because that's what it says with market politics. Thanks for sharing this helpful information.

Good informative post! Thanks for the help! I'm glad the accidents registered on Steemit. I think that 2018 will not fail us )

I diversified more than half of my crypto holding in alts, when some of them profit and I sold away, I tend to convert them into Steem as my time in Steem accumulating. Seriously other than Steem I couldn't find any other project that make me feel real, practical.

Agoras is definitely interesting and the founder is ultra confident, guess now is the best time to collect some.

Pointed updates

when everyone says that the right time to sell cryptocurrency is just the right time to buy cryptocurrency.....
that's it

hahah this is the epic truth and one day will happen eventually
"99% of cryptocurrencies might end up being mirages in the desert."

Great breakdown. I'm not sure what this downtrend is a result of. I do think Bitcoin will survive because other cryptos just brag about how they don't have the problems bitcoin has, but they don't have the volume and scale either.

Every time I buy Steem, the price tanks a bit. What do you think of Vertcoin? I bought some a while back and now the price is less than $3. I think it might be one of the coins that survives this. It's a solid coin but doesn't get much marketing or hype.

I see huge potential with Steem, but it sucks that I keep buying it at daily highs and then seen half my investment gone lol. Will have to just wait it out I guess.

I am happy with writings like this, giving additional information to readers, especially new ones ...

@kevinwong This is great video and professional work
##Upvote/Resteem###

STEEM is proving to be making waves in the cryptocurrency world at the moment, but from my experience with speaking to other people in this space that are not involved in STEEM or Steemit, it is still widely undervalued based on its current innovation, never mind SMTs and more.

It is terrible to see so called "crypto-gurus" who are selling people an image as opposed to knowledge.. I work full time in cryptocurrencies, between ICO consulting, online course creation and now blogging, but I try and genuinely stay away from most social media platforms other than Steemit, as I do not want to be seen as a "crypto-guru" etc.

Raiblocks' rebranding really is pretty sweet, although I don't know if they'll take IOTA's market share - time will tell though!

Thanks for sharing all of these updates - I am currently trying to set up a Steemit incubator for beginners where I provide them with guides to Steemit, upvotes on excellent content and even graphic design support (where possible) for free. I'm just looking to get some delegated SP to get the project really started! I think with myself and so many others who are genuinely trying to help the beginners on Steemit, as well as very experienced users like yourself, the platform has a great future.

i am with steem only don't even thinking about other

@kevinwong, Absolutely very interesting & important post to new cryptostuff. I agree with your points. Yep..every cryptos going to the hell. Today all of top cryptocurrency seems red liner sticks.
Steem currently low down under $5, so time to buy more steem. I believe after the the SMTs coming out steem and other some cryptos start a gaining. Better to follow your crypto portfolio. I think ETH can be coming to top list than BTC. Its only my opinion. EOS also attractive ICO project. I'll check other cryptos as you discuss there.
However after some tough period lot of cryptos will be high in this year. Be patience.

wow thanks so much for sharing your insights. excited to see what the future beholds for Steem ❤

dear...@kevinwong your good post.....& awsome music....i love your all post.. thank for sharing...

I couldn't watch the video yet, have just read the topic titles. I will watch it as soon as possible.

Better use of time in cryptocurrencies: less time trading and speculating. More time time learning, building, and writing about cryptocurrencies.

I think you said this for me :)

Thanks for the informative post. All the best.

Ah, those market swings. I don't care about them. Because I don't have much crypto right now lol.
I'm interested in Nano and IOTA. they look promising.
Nice music, listening to it in the background :)

I wooow this decision info about her crypto. This is magnificent. I need a lot of research for that. Thank you very much for informing us.

I just have a detailed person on steem. I agree with you. Now is the time. @kevinwong

nice one share this is amazing i like this post

@kevinwong, have you checked out Sola yet? What do you think about SOL coin?
I think their platform is quite addictive in nature so it could spread among the masses fast. Its value could increase this year dramatically?

There is is Bengali song which goes like this

in search of which mirage did so many young travellers lose their way...

I instantly remembered this when I read your line

Look for the Oasis

There will be so many travellers lost in pursuit of the mirage, hope they find the oasis at the end of their journey...

finding an oasis in the middle of crypto mania is hard

You are good man!!

Look this and start to mining

Follow me and we share

Teep and touch

https://steemit.com/mining/@rudirock/rai-miner-cambia-in-nano-miner

hanks for giving us a new message about crypt,music & so on..We can know a lot of update news from your valuable post.It is a great article.
I will wait for your upcoming post.
Thanks ,sir.
@Resteem & follow has done.

Susahnya beradaptasi sebagai pemula baru di dunia steemit, Saya orang baru di steemit maka Tidak ada seorang pun yang bisa bertahan di steemit tanpa ada teman yang membantu. Dengan adanya pertemanan, kita bisa saling membantu, dan bagi kita yang masih lemah, carilah teman yang baik, yang siap membantu anda kapan saja. Selamat sore mr @kevinwong, semoga tuhan selalu memberkati anda. Saya @junsusukhairi dari Indonesia ( Aceh) pendatang baru di dunia steemit. Kalau anda berkenan saya ingin anda melihat-lihat postingan saya, dan jika menyukainya tolonglah memberikan upvote. Saya akan berterimakasih untuk hal itu.
Difficulty adapting as a new beginner in the world of steemit, I am new to steemit then No one can survive in steemit without any friends who help. With friendship, we can help each other, and for those of us who are still weak, look for a good friend, who is ready to help you anytime. Good afternoon mr @kevinwong, may God always bless you. I am @junsusukhairi from Indonesia (Aceh) a newcomer to the world of steemit. If you wish I want you to look at my post, and if you like it please give upvote. I would be grateful for that. thank you..

I hadn't heard of Pillar. I went and watched the video on your other post. It sounds amazing!

I read Pull years ago when the semantic web idea was really popular during the early days of web 2.0. It had some interesting ideas but they couldn't come to pass in the walled garden web.

Perhaps now that blockchain is getting rid of the gatekeepers it can finally happen.

Cryptos will see better days for sure! But not all of them I suppose!

I think Nano has great potential but IOTA is a great project too, id say they will both perform well in the long run.

Good content tho, cheers!

Oppsss.... I'm too noob... but I still trying hard picking up by reading more about it!!! Thanks for everything.
By the way, "Steem received a good score from Weiss ratings." This is definitely a great news! And I can understand this. 😄

Very useful information shared @kevinwong. More users really disappointing what happened to cryptos. They always worrying why cryptos dropped down now. But your opinions really helpful for us and nice guidelines what should we do. We'll try to do best solution. I interested your coin portfolio. Is that tokens profitable? Long-term will be better. Thanks to updating.

Nice post beautiful presented and explained. detail oriented with nice update cryptocurrency information. thank you @kevinwong for sharing

Rooting for STEEM, NANO, and EOS in 2018. Thanks for the concise and unbiased analysis, Kevin!

I'm rooting for those as well. I tried doing PoW mining for Steem but the miner didn't work. I'm just browser mining Nano, now.

Oh wow, I would love to do that as well. And yea I tried to mine Steem but that didn't work out for me either.

Oh wow I checked out the link and it'll take 1286 days to mine 1 NANO lol

Lol yeah I'm only getting a few cents a day. I don't have any spare cash so I just leave it open while I am online anyway. After 2 weeks I have only 0.002 Nano but I didn't have to spend money that I don't have!

I guess to get more NANO you would need at least 10,000 referrals haha

Thanks for your thoughts regarding each of these cryptos. I am learning, though it is a slow process for one that doesn’t understand much of the language. About ready to take a course for dummies. Lol.🐓

This is really a great post @kevinwong

I'm really kicking myself for not working really hard to get some XRB back when I first got to the scene. I heard about it when it was .50 and then it went to $30 like three weeks later. I just didn't know what I was doing.

Tell me if I'm in trouble with no BTC or ETH:
VEN, ICX, ENG, EOS, steem, BTS, LTC, QSP

Nice seeing these posts from more experienced traders