Important: This charge should not be construed as an investment advice. The author focuses on the actual coins in terms of actual use and adoption, not from a financial or investment perspective.
In 2017, the cryptocurrency market set a new standard for simple profits. Almost every piece or chip performed tremendously. “A rising tide is knocking down all the boats,” they say, and the end of 2017 was a flood. The rise in prices has created a positive feedback cycle, which is attracting more and more capital to Cryptora. Sadly, but inevitably, this booming market is a massive investment. In all sorts of questionable projects, money has been thrown away indiscriminately, and many of it will not bear fruit.
In today’s bearish atmosphere, hype and lust are replaced by critical and prudent assessment. Especially for those who have lost money, marketing promises, endless shilling, and charismatic oratory are no longer enough. Well, the basic reasons for buying or holding a coin are again Paramount.
Basic factors in the evaluation of a cryptocurrency-
There are some factors that tend to conquer hype and price pumps, at least in the long run:
Adoption Angle
While it may seem surprising that no cryptocurrency or ICO business plan technology is user-friendly, they are just dead projects. It is often overlooked 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.
Although Fiat’s approval is mandated by the state, the acceptance of cryptography is voluntary. 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 the coin.
Security
Decentralization is essential for the I push model of a real cryptocurrency. Without decentralization, we are a little closer to a Ponzi scheme than a real cryptocurrency. The problem is trust in people or organizations; tries to fix a cryptocurrency.
Dissolving a coin or a central controller can alter the transaction log, its basic security is being questioned. The same goes for parts with unproven code that have not been tested well over the years. The more you trust the code to work as described, regardless of human impact, the more secure the coin will be.
Innovation
Valuable coins strive to improve technology, but not at the expense of security. Real technological advancement is rare because it requires a great deal of specialization as well as wisdom. Although there are always fresh ideas that can be screwed up, if it does, it puts the weaknesses or criticisms of the original purpose of a coin into failure, it fails.
Innovation can be a difficult factor in evaluating, especially for non-technical users. However, if a currency code is at a standstill or does not receive updates that address important issues, it may be a sign that the developer is weak about ideas or motivations.
Incentives
It is easier for the average person to understand the economic incentives of a currency. If a coin had a large pre-mine or ICO (initial share offer), the team had a significant chip share, then it is quite obvious that the main motivation is profit. By buying what the team has to offer, you make your own game and get rich. Make sure you provide tangible and reliable value in exchange.
5 cryptocurrencies to buy in 2018
There has never been a better time to re-evaluate and balance a cryptocurrency portfolio. Based on solid foundations, here are five pieces worth sticking to or perhaps buying at current depressive prices (just be warned, they can go lower).
# 1. Bitcoin (due to its decentralization)
The number is Bitcoin (BTC) and remains the market leader in all categories. Bitcoin has the highest price, the broadest hypothesis, the most security (due to the tremendous 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. Moreover, it is the only piece so far represented in traditional markets as the US CME and CBOE as Bitcoin futures trading.
Bitcoin remains the main engine; The performance of all other parts is closely related to the performance of Bitcoin. My personal hope is that the gap between Bitcoin and most other parts will widen.
Bitcoin has a number of promising innovations that will soon be installed as an additional layer or soft fork. Examples are Flash system (LN), tree, Schnorr signatures Mimblewimbleund much more.
In particular, we plan to open a new suite of Bitcoin applications that allow for large-scale, microtransactions, and secure instant payments. LN is becoming more stable as users test their different options with real Bitcoin. The easier it is to use, the greater the benefit of adopting Bitcoin.
# 2. Litecoin (for its durability)
Litecoin (LTC) is a clone of Bitcoin with a different hash algorithm. Although Litecoin lacks Bitcoin anonymity technology, surprising reports have shown that taking Litecoin in the dark markets is the second, the only bitcoin. Although it is a currency that is much more suitable for the purpose of acquiring illegal goods and services, perhaps this is due to the longevity of Litecoin: it was launched in late 2011.
Another factor in favor of Litecoin is that it integrates Bitcoin SegWit technology, which is ready for Litecoin LN. Litecoin can benefit from the exchange of atomic chains. In other words, secure foreign exchange trading without the participation of third parties (i.e. exchange). As Litecoin keeps its code largely in sync with Bitcoin, it is well positioned to take advantage of Bitcoin’s technical advancement.
# 3. Ethereum (for smart contracts)
Ethereum (ETH) is having some major issues right now. First, the government is cracking down on the ICO, and rightly so: many have been fraudulent or failed. Since most ICOs run as ERC tokens on the Ethereum network as 20 token, ICO mania has brought great value to Ethereum in recent years. If the right rules are protected to protect investors, the Ethereum project may claim a certain legitimacy of fraud as a crowdfunding platform.
The second major problem facing Ethereum is the delayed transition to a new hybrid work and battery detection system. Ethereum mining is a profitable GPU today, but Bitmain has just announced a small Ethereum ASIC, which is likely to have an impact on the bottom lines of GPU mining. It remains to be seen whether POW will change and how successful this change will be.
If Ethereum is able to survive these two major problems – regulation and mining – it will show great resilience. Otherwise, several currencies are competing to keep track of its shadows, such as Ethereum Classic (etc.), Cardano (ADA) and EOS.
# 4. Monero (due to his anonymity)
While not all that could be expected to take place in the dark markets, I (XMR) remains the prime minister’s privacy. Its popularity and market capitalization are still above rivals, and for good reason.
Monero’s code needs less confidence in Zcash’s “loyal” key ceremony, and it had a direct start, unlike Dash. Monero recently reaffirmed its commitment to the decentralization part of mining for its algorithm to defeat the development of a small Pow ASIC. The significant drop in the hash rate is due to the new version that is constantly being denounced against ASIC. This could also be an option for GPUs as well as small CPUs to come back to me. The new version of Monero, 0.12, also includes other enhancements that show that Monero continues to grow in sensitive lines.
# 5. iPRONTO (decentralized incubation platform)
The iPRONTO incubation platform is the Ethereum chain, an incubation platform dedicated to investors looking for a safe and reliable platform to invest in new and future innovative ideas, experts who can present their ideas and receive user feedback, experts in derivative practice and implementation.
The ideas of the innovators are supported in the NES Smart Contract format as it will be signed between the expert platform and the client as well as to the Commission for the analysis and registration of the client’s business idea platform. The idea will not be published on the public platform of the channel for all users, but for selected members of the target community who are willing to sign the Smart contract to maintain the confidentiality of the idea.