Important: This position should not be considered as investment advice. The author focuses on the best coins from the point of view of actual use and acceptance, and not from the financial or investment point of view.
In 2017, cryptographic markets set a new standard for simple profits. Almost every piece or chip made an incredible return. “The rising tide is throwing out all the boats,” as they say, and the end of 2017 was a flood. Rising prices have created a cycle of positive feedback that is attracting more and more capital to Crypto. Unfortunately, but inevitably, this galloping market leads to huge investments. Money has been indiscriminately thrown into all sorts of dubious projects, many of which will fail.
In today’s sword environment, noise and greed have been replaced by critical appraisal and caution. Especially for those who have lost money, marketing promises, endless shillings and charismatic oratorios are no longer enough. Well, the main reasons to buy or keep a coin again are Paramount.
The main factors in the evaluation of cryptocurrency-
There are some factors that tend to capture noise and prices, at least in the long run:
While cryptocurrency or ICO business plan technology may seem surprising without consumers, they are just dead projects. It is often forgotten that widespread acceptance is an essential feature of money. In fact, over 90% of the value of bitcoin is believed to be a function of the number of users.
While the acceptance of Fiat is entrusted to the state, the acceptance of cryptography is purely voluntary. Many factors play a role in the decision to accept a coin, but perhaps the most important consideration is the likelihood that others will accept the coin.
Decentralization is essential for the I push Real Cryptocurrency Model. Without decentralization, we are a little closer to a Ponzi scheme than to a real cryptocurrency. Trust in individuals or institutions is the problem – cryptocurrency is trying to solve.
If dismantling a coin or central controller can change the record of transactions, this calls into question its basic security. The same goes for parts with unproven code that have not been thoroughly tested over the years. The more you can count on the code to work as described, regardless of human influence, the greater the security of the coin.
Valid coins seek to improve their technology, but not at the expense of safety. True technological progress is rare because it requires a lot of experience and wisdom. Although there are always fresh ideas that can be fucked up if it puts vulnerabilities or critics of the original purpose of the coin, it misses the point.
Innovation can be a difficult factor to evaluate, especially for non-technical users. However, if the currency code is stagnant or does not receive updates that deal with important issues, it may be a sign that developers are weak in terms of ideas or motivation.
The economic incentives inherent in a currency are easier for ordinary people to perceive. If a coin had a large pre-mine or ICO (initial offer), the team has a significant share of chips, then it is obvious that the main motivation is the profit. By buying what the team offers, you play your game and enrich it. Remember to provide tangible and reliable value in return.
5 cryptocurrencies for purchase in 2018
There has never been a better time to reevaluate and balance a cryptographic portfolio. Based on their solid foundation, here are five pieces that I think are worth sticking to or maybe buying at their current depressing prices (which, I just warn you, may go down).
# 1. Bitcoin (due to its decentralization)
Number one belongs to Bitcoin (BTC), which remains the market leader in all categories. Bitcoin has the highest price, the widest assumption, most of the security (due to the phenomenal energy consumption when digging bitcoin), the most famous brand identity (forks tried to be appropriate) and most of development Active and rational. This is the only piece so far that is presented on traditional markets in the form of bitcoin futures trading of the American CME and CBOE.
Bitcoin remains the main engine; The performance of all other parts is strongly related to the performance of bitcoin. My personal expectation is that the difference between bitcoin and most, if not all, of the other parts will increase.
Bitcoin has several promising innovations that will soon be installed as additional layers or soft forks. Examples are the Flash system (LN), the tree, the signatures of Schnorr Mimblewimbleund much more.
In particular, we plan to open a new range of bitcoin applications, as it allows large-scale, micro-transactions and immediate and secure payments. LN is becoming more stable as users test their various capabilities with real bitcoin. As it becomes easier to use, it can be assumed that there is a great benefit to accepting bitcoin.
# 2. Litecoin (due to its stability)
Litecoin (LTC) is a clone of bitcoin with a different hash algorithm. Although Litecoin no longer has the technology for Bitcoin anonymity, incredible reports show that the adoption of Litecoin in the dark markets is now the second, only bitcoin. Although a currency that I have is much more appropriate for the role of acquiring illegal goods and services, this may be due to the longevity of Litecoin: launched in late 2011.
Another factor in favor of Litecoin is that it integrates Bitcoin SegWit technology, which means that Litecoin is ready for LN. Litecoin can benefit from the exchange of atomic chains. In other words, secure equity trading without the participation of third parties (ie the stock exchange). Because Litecoin keeps its code largely synchronized with Bitcoin, it is well placed to take advantage of Bitcoin’s technical advances.
# 3. Ethereum (due to smart contracts)
Ethereum (ETH) has some big problems right now. In the first place, governments are rightly cracking ICOs: many of them have turned out to be either fraudsters or bankruptcies. Since most icos run on the Ethereum network as an ERC token 20, ICO craze has brought a lot of value to Ethereum in recent years. If appropriate investor protection rules are followed, Ethereum project fraud may claim some legitimacy as a crowdfunding platform.
The second major problem facing Ethereum is the delayed transition to a new hybrid system for detecting work and battery. Ethereum’s GPU is currently profitable, but Bitmain has just announced Ethereum ASIC minor, which is likely to affect the bottom lines of GPU miners. It remains to be seen whether this will change the prisoners of war and how successful this change will be.
If Ethereum manages to survive these two main problems – regulation and digging – it will show great resilience. Otherwise, there are several competing currencies that follow its shadows, such as Ethereum Classic (etc.), Cardano (ADA) and EOS.
# 4. Monero (due to his anonymity)
Although its acceptance in the dark markets is not all that can be expected, I (XMR) remains the Prime Minister’s personal space. Its reputation and market capitalization are still above those of its rivals – and for good reason.
The Monero code required less trust than the Zcash “loyal” key ceremony and had a fair start, unlike the Dash. The fact that Monero recently changed its Pow to beat the development of a small ASIC for its algorithm confirms the commitment of part of the decentralization of digging. A significant drop in the hashrate is due to the new version, which is constantly reported against ASIC. This can also be an option for GPUs and even secondary processors to connect to me. The new version of Monero, 0.12, includes other improvements that show that Monero continues to grow on sensitive lines.
# 5. iPRONTO (decentralized incubation platform)
iPRONTO is an Ethereum incubation platform chain dedicated to investors looking for a safe and reliable platform to invest in new ideas and future innovators who can present their ideas and receive feedback from users, experts in the practice and implementation of derived ideas. .
The ideas of the innovators are supported, as the NES in Smart Contract format will be signed between the expert platform and the client, if the client’s business idea is up to the commission for review and registration in the platform. The idea will not be published for all users in the public platform of the chain, but only for selected members of the target community who wish to sign the smart contract in order to keep the idea confidential.