What coin(s) would you allocate the funding to?
How would you break up the 5k?
How would you break up the 5k?
Quote: (05-17-2018 10:20 PM)hooked_on_tonics Wrote:
What coin(s) would you allocate the funding to?
How would you break up the 5k?
Quote: (05-18-2018 05:32 AM)gework Wrote:
Most of these coins are used for virtually nothing at the moment, so it's very speculative. These are what I would consider.
IMO
Safest, but you're not likely to have insane gains compared to something low cap that can explode:
Ethereum: I would say this has the most adoption given that 100s of coin are built on the platform and people need to hold ETH in their wallets to do transactions in all their tokens. It's also been gaining as a trading pair as you can transfer ETH between exchanges in about 3 minutes whereas BTC will take more than 2 hours.
Of the major coins most likely to FOMO I would go with EOS. But that's pure speculation. They have built a lot of buzz and given themselves a good billing, but if it flops when they make their release then it's going to be a bad buy.
Steem - token for a widely used social media platform (real demand). It's been a staple of the top 40 or so coins for some time.
BAT - Another token that has some limited real, current use. It's not much, but a lot more than most other coins.
KuCoin Shares - Pays something like a 5-10% annual dividend from their trading fees. If the exchange can grow it will be a solid investment, if it fails then you're in big losses.
Decentraland - Crypto game platform; seems like a very professional team and has garnered a lot of attention. Not released.
MYST - Unreleased crypto VPN. Very solid team and backing. Low cap sleeper.
Cryptopay - This pays monthly dividends out of a well established company's revenue. I bought a bunch a 4 cents, which at current will net something like 15% in dividends. Very undervalued compared to much of the junk in the top 200.
The issue is that most coins are barely used and often don't have a working product. You're buying under the belief that the project will garner adoption. And so far there is little adoption for any coin. We're cluttered with ETH clones and lot of coin doing the same thing. At this stage I think it's best to stick to projects that will be adopted by tech and finance. Something like a blockchain for elderly care management is not going to be the first crypto success.
Higher risk buys:
1K Cryptopay
1K Decentraland
500 MYST
500 Steem
500 ETH
500 EOS
1K mixed: OMG, KNC, Sia, Golem, BAT, KuCoin
Lower risk:
2K ETH
1K Steem
1K BTC
1K mixed: the rest
The next question is the entry point. Right now I am bearish, but based on what I trade on it's murky. I generally make trades on 1W MACD. You don't get many trades on that, but they're safe and pivotal. It started turning over on about 17 Dec 2017, so I sold everything (100%) at around $18K BTC; made an arbitration buying in a wedge in January (lost about 25%); bought in 100% around 1 April when 1W MACD +50X margin long; killed the long at $8K and cashed out 95% at about $9K.
Now, we're looking at going down. I think it will very likely go back to $7K over the next week and my longer term sentiment is that the movements up and down will get smaller and we'll move towards dribbling down with a few anemic pumps. If it breaks $6K I expect it to test $4K and at the lowest $2K. If that plays out you don't want to buy now. And it probably won't FOMO as soon as it bottoms.
Last year I bought a lot of coins that did really well like EOS and SAN, both about 30X and a lot of anemic stuff like AVT, TIME and HumanIQ. Overall I estimate that my attempts to pick winners didn't outperform the market by much. This was because I was looking at a bunch of metrics that probably should mean something, but in this irrational market don't. All that really matters in terms of getting on a major pump is the craze.
Last year I saw threads pop up here for RaiBlocks and VEN. They were getting buzz everywhere else. I didn't pay any attention. RaiBlocks sounded like junk. But if you ever see that FOMO craze pop up, that is your buy point.
This time round (April) I bought these craze coins like Decentrland, AELF, Monaco, KNC and outperformed the market considerably.
Quote: (05-18-2018 08:11 AM)the_ox Wrote:
Now about cryptopay: Seems to be a solid project. Are you an user? do you have the card?