Important: This attitude should not be taken as an investment advice. The author focuses on the best coins in terms of actual use and adoption, not from a financial or investment perspective.
In 2017, the crypto markets set a new standard for new profits. Almost every piece or chip was returned. “The high tide is throwing all the boats,” as he said, and the end of 2017 was a flood. The rise in prices has created a positive feedback cycle, attracting more and more capital to Crypto. Unfortunately, but inevitably, this galloping market makes a huge investment. Money has been thrown away indiscriminately in all sorts of questionable projects, many of which will not bear fruit.
In today’s bearish environment, hustle and bustle represent critical appraisal and prudence. Especially for those who have lost money, there are no longer enough marketing promises, endless shillings and charismatic oratorios. Well, the basic reasons to buy or hold a coin are again Paramount.
Key factors in evaluating cryptocurrency
At least in the long run, there are some factors for earning advertising and price pumps:
Although the cryptocurrency or ICO business plan technology may seem surprising without the user, they are dead projects. It is often forgotten that widespread acceptance is a key feature of money. In fact, it is estimated that more than 90% of the value of Bitcoin is a function of the number of users.
While Fiat’s acceptance is mandated by the state, acceptance of cryptography is pure will. Many factors play a role in the decision to accept a coin, but perhaps the most important consideration is the probability that others will accept that coin.
Decentralization is key to a real cryptocurrency for the I push Model. Without decentralization, we are slightly closer to the Ponzi scheme than cryptocurrency. The problem is trust in people or organizations: it tries to solve cryptocurrency.
When disassembling a coin or a central controller can change the transaction record, basic security is being questioned. The same goes for parts that have been untested code for years. The more you tell them with the code to function as described, the more human influence, the more secure the coin will be.
Valuable coins strive to improve technology, but not to the detriment of security. Real technological advancement is rare because it requires a great deal of knowledge as well as wisdom. While there are always fresh ideas that can be screwed up, if you do this it puts weaknesses or criticisms about the original purpose of a coin, it fails.
Innovation can be a difficult factor to assess, especially for non-technical users. However, if the currency code is at a standstill or does not receive updates that address important issues, it may be a sign that developers are weak in their ideas or motivations.
The inherent economic incentives of a currency are easier to understand for the average person. If a coin previously had a large ore or an ICO (initial portion offer) the team had a significant portion of the chip, then it is quite obvious that the main motivation is profit. By buying what the team has to offer, you make your game and enrich it. Make sure you provide tangible and reliable value in return.
5 cryptocurrencies to purchase in 2018
There has never been a better time to re-evaluate and balance the cryptocurrency portfolio. Based on a solid foundation, here are five pieces that are worth sticking to or maybe buying at depressive prices (even if it’s just a warning, they may be smaller).
# 1. Bitcoin (due to its decentralization)
The number is Bitcoin (BTC), which remains the market leader in all categories. Bitcoin has the highest price, the broadest hypothesis, the most security (due to the enormous energy consumption of Bitcoin mining), the most famous brand identity (the forks have been tried to be appropriate) and the most Active and rational development. It is also the only piece represented in today’s traditional markets as the future Bitcoin trading of the CME and CBOE.
Bitcoin remains the main engine; The performance of all other parts is closely related to the performance of Bitcoin. My personal hope is to widen the gap between Bitcoin and most other parts.
Bitcoin has a number of promising innovations that will soon be installed as an additional layer or soft fork. Examples are the Flash system (LN), tree, Schnorr signatures Mimblewimbleund much more.
In particular, we plan to open a new range of applications for Bitcoin that allow for large-scale, microtransaction and instant and secure payments. LN is becoming more stable as users test their different options with real Bitcoin. Because it’s easier to use, it can be thought that accepting Bitcoin yields great benefits.
# 2. Litecoin (for its duration)
Litecoin (LTC) is a clone of Bitcoin with a different hash algorithm. Although Litecoin no longer has the anonymity technology of Bitcoin, surprising reports have shown that taking Litecoin into the dark markets is now second only to bitcoin. Although I have a currency that is much more suitable for the task of acquiring illegal goods and services, perhaps this is due to the longevity of Litecoin: it was launched at the end of 2011.
Another factor in favor of Litecoin is that Bitcoin integrates SegWit technology, which means it is prepared for Litecoin LN. Litecoin can be beneficial for the exchange of atomic chains. In other words, make sure that currency trading does not involve the participation of third parties (i.e. exchange). Since Litecoin keeps its code in sync with Bitcoin, it is well positioned to take advantage of Bitcoin’s technical advancement.
# 3. Ethereum (due to smart contracts)
Ethereum (ETH) is in serious trouble right now. First, the government is confronting the ICO, and the reason is: many have been proven to be frauds or failures. Since most ICOs operate as 20 ERC tokens on the Ethereum network, ICO mania has brought great value to Ethereum in recent years. If the right rules are taken to protect investors, fraud in Ethereum projects may require some legitimacy as a crowdfunding platform.
Ethereum’s second major problem is the transition to a new hybrid work and battery detection system. Ethereum mining is a profitable GPU today, but Bitmain has just announced that Ethereum ASIC minor is likely to have an impact on the bottom lines of GPU mining. It remains to be seen whether this will change the POW or not, and how successful this change will be.
If Ethereum survives these two major problems (regulation and mining), they will show great resilience. Alternatively, there are several competing currencies to track its shadows, such as Ethereum Classic (etc.), Cardano (ADA) and EOS.
# 4. Monero (due to his anonymity)
While not expected to be accepted in the dark markets, I (XMR) remains the prime minister’s privacy. Its popularity and market capitalization are still above its rivals and for good reason.
Monero’s code requires less trust for Zcash to be a “loyal” key event, and it had a fair start, unlike Dash. Monero recently modified Pow to defeat the development of a small ASIC of his algorithm, reaffirming his commitment to part of mining decentralization. The significant drop in the hash rate is due to the new version that is constantly being denounced against ASIC. This can also be an opportunity for GPUs and even small CPUs to come back to me. The new version of Monero, 0.12, also has other improvements, as they show that Monero continues to grow in sensitive lines.
# 5. iPRONTO (decentralized incubation platform)
iPRONTO is an incubation platform for the Ethereum chain, which presents ideas aimed at investors looking for a safe and reliable platform for investing in safe ideas and future innovators and to receive user feedback.
Innovative ideas are supported as the Smart Contract format is signed between the expert NES platform and the customer as well as the customer’s business idea to the Commission for analysis and registration on the platform. The idea will not be published on the public platform of the chain for all users, but for selected members of the target community who are willing to sign a Smart contract to maintain the confidentiality of the idea.