Now that I'm familiar with more than half of the top 100 cryptocurrencies, I'm looking to know what's going on on the 2nd and 3rd page of CoinMarketCap. Rather than go down the list, I thought it'd be more fun and much more enlightening to get some discussion going and discover which less popular currencies have a buzz going around among the Steemit community.
I've my long term investments of EOS, Litecoin and BTC, going to get some Dash and Monero when I get a chance. Now I'm looking to really delve into the smaller stuff and take some more chances.
I made my first investments in smaller currencies about two weeks ago with:
Enjin
- meant to be used as a currency for in-game purchases. It has a strong niche and seems like a more realistic goal than some other coins.
Wabi
- Meant for tracking products to ensure that they aren't counterfeit. Though it seems like a noble goal, I'm not sure I like the idea of tracking everything. Still, it sounds like it will gain a lot of support.
Substratum
- Decentralized Internet. Sounds Great! I have no idea how realistic of a goal this is, but I would like to see them succeed and if they have a strong team and money behind them, I'm sure they can take it further that just the planning stages.
I put about $30-40 USD into each.
The first week was a bit nerve racking, For a while they weren't moving, especially Enjin, then Wabi went down. Now they're all doing much better. I was planning to make a quick trade at first but after researching more I think all these coins are likely to go up much more and possibly enter the top 100 （Substratum already has). I will probably lose the Wabi and Enjin coins later but Substratum sounds like something I would really like to invest in, not only to make money but also because they're doing something very positive.
As I mentioned, I'm new to this so I'd love some input here!
What coins are you betting on in early 2018?
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@whatamidoing wetrust (TRST) for 2018! Under a 80 mil market cap and only 100 mil coins. Also Vitalik is on their advisory board.
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Been seeing lots of crypto stuff from you lately. I guess someone's drawn in :)
I like Enjin and bought it with my Stratis when it was about 0.05. I've heard of Substratum but not Wabi. Seriously way too many coins to choose from. Even shitcoins are going up so much but i wonder how long this trend will continue haha..
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Totally drawn in! Most of it has to do with the fact that so many of these don't look like shitcoins. Of course I see a few that are, and I'm sure some of much smaller coins are, but at first I thought all the good stuff would be in the top 20 or 30. Then I thought there was no way there'd be anything past the top 100. Now I realize Golos and YOWOW which are similar to steemit aren't even in the top 200 and there's all kinds of other ideas I couldn't even imagine. Enjin and TenX really blew my mind since I didn't know many coins yet, like "ahhhh you can use crypto for all kinds of stuff!"
The only problem is, which ones are really trying to accomplish they're goals and which are riding on the wave of reputation to make a quick buck.
I think during the next drop we are gonna get a purge where we see 30-40 of the least promising coins or the coins which aren't making progress in the top 100 fall in the ranks and some of the better on the next 2 pages will rise in the ranks.
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I just hope I'm not holding those coins! :P With so many new coins in the market it will only be a matter of time before some loses out. Luckily Steemit has a community so it shouldn't die off..i think..
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I am going EOS, claiming tokens is a chore but I think it's going to be pretty sweet.
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Wait what? Is there anything wrong with whats in my exodus wallet?
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dude yeah you have to claim them.
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Why would o have to claim them if they are already in my wallet?
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I gave trading a shot last year and I didn't do so well. My strategy coming into 2018 is to just invest on coins that I believe in fundamentally. I'll be HODL to them long term. BTS, NEO, STEEM, LTC, BTC, OMG, ADA, and VTC is what I'm currently invested in.
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How did you mess up trading? I think you need to be real trigger happy, fail to diversify or invest in some really small coins to mess up in this market, which I almost did. Now I keep half in top 20 coins and the other half in top 200 that have legit plans that are actually making progress. I’m not a day trader, but I dabble a bit. Week trader, maybe.
For me it’s just a learning process, all my investments came from three weeks of steemit payouts.
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Well, Your post was helpful.
May I ask you for a Favor?
I am not expecting you to Upvote, you may Resteem if you wish.
I just want your Response for a Research Survey I am conducting about Steemit & it's Condensers.
Find the link to Survey form on my post :
https://steemit.com/steemit/@premraval010/or-or-steemit-survey-research-plz-contribute-to-this-research-or-or
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