It is possible. This position should not be considered as an investment board. The author focuses on the best coins in terms of actual use and acceptance, not financial or investment.
In 2017, cryptographic markets set a new benchmark for simple profits. Almost every piece or chip brought an incredible return. “A rising wave throws all the boats”, as they say, վերջ The end of 2017 was a flood. Rising prices have created a positive feedback loop that is attracting more and more capital in Crypto. Unfortunately, this inevitably leads to huge investments in this volatile market. All sorts of dubious projects have been wasted, many of which will not work.
In the current declining environment, agitation and greed are being replaced by critical thinking and prudence. Especially for those who have lost money, marketing promises, endless shillings – charismatic oratories are no longer enough! Well, the main reasons for buying or keeping coins are once and for all.
Basic factors of cryptocurrency valuation.
There are some factors that tend to overcome hip and price pumps, at least in the long run.
Whether cryptocurrency or ICO business plan technology may seem strange to users, they are just dead projects. It is often forgotten that universal acceptance is an essential 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 the acceptance of Fiat is entrusted by the state, the acceptance of the cryptography is purely voluntary. There are many factors involved in deciding whether to accept a coin, but perhaps the most important is the likelihood that others will accept the coin.
Decentralization is essential for a true cryptocurrency I push model. Without decentralization, we are a little closer to the Ponzi scheme than the real cryptocurrency. Trust in individuals or institutions is the problem that cryptocurrency seeks to solve.
If dismantling the coin or central controller can change the transaction record, it 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 rely on the description of the code, 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 security. Real technological advances are rare because they require a great deal of experience and wisdom. That there are always fresh ideas that can be distorted, if it is vulnerable or criticizes the original purpose of the coin, then the meaning is missed.
Innovation can be a daunting task, especially for non-technical users. However, if the currency code is stagnant or does not receive updates related to potential issues, it may be a sign that developers are weak on ideas or incentives.
The economic incentives inherent in currency are easier for the average person to understand. If the coin had a large initial mine or ICO (initial part offer), the team had a significant chip share, then it is obvious that the main motivation is profit. By buying what the team has to offer, you play your game and enrich it. Be sure to provide a tangible: reliable value for it.
5 cryptocurrencies that can be bought in 2018
There has never been a better time to re-evaluate and balance a cryptographic portfolio. Based on their solid foundation, here are five pieces that I think are worth clinging to or maybe buying at their current depressing prices (which, just a warning, can go down).
# 1. Bitcoin (because of its decentralization)
Number one belongs to Bitcoin (BTC), which remains the market leader in all categories. Bitcoin has the highest price, the broadest assumption, most of the security (due to the phenomenal energy consumption of bitcoin mining), the identity of the most popular brand (forks have tried to match) մասը most of the development տիվ Active և rational. It is still the only piece presented in the traditional markets in the form of bitcoin futures trading at CMOE and CBOE.
Bitcoin remains the main engine. The performance of all other parts is highly correlated with the performance of Bitcoin. My personal expectation is that the gap between most, if not all, bitcoin will widen.
Bitcoin has some promising innovations that will soon be added as extra strips or soft forks. Examples are Flash System (LN), tree, Schnorr signatures Mimblewimbleund and many more.
In particular, we plan to launch a new set of applications for bitcoin, as it allows large-scale, micro-transactions և instant և secure payments. LN becomes more stable as users test their various capabilities with real bitcoin. As it becomes easier to use, it can be assumed that it will greatly benefit from the adoption of Bitcoin.
# 2. Litecoin (because of its persistence)
Litecoin (LTC) is a bitcoin clone with various hash algorithms. While Litecoin no longer has Bitcoin’s anonymity technology, astonishing reports have shown that Litecoin is now the second largest cryptocurrency in the dark markets. Whether it is a currency that is much more suitable for me to buy illegal goods or services, maybe it is a result of Litecoin longevity. it was launched in late 2011.
Another factor in favor of Litecoin is that it integrates Bitcoin SegWit technology, which means that Litecoin is made for LN. Litecoin can benefit from exchanging nuclear chains. In other words, safe trading of currencies without the involvement of third parties (ie exchange). Because Litecoin maintains its code largely synchronized with Bitcoin, it is well positioned to benefit from the technical advancement of Bitcoin.
# 3. Ethereum (because of smart contracts)
Ethereum (ETH) has some serious issues right now. First of all, governments are breaking the ICO, is that right? Many have been found to be either fraudulent or bankrupt. Since most ICOs operate on the Ethereum network as an ERC token 20, ICO obsession has brought great value to Ethereum in recent years. Ethereum project fraud may require some legitimacy as a crowdfunding platform if appropriate rules are applied to protect investors.
The second major issue facing Ethereum is the delayed transition to a new hybrid և battery detection system. The Ethereum mining GPU is currently profitable, but Bitmain has just announced the Ethereum ASIC minor, which is likely to have an impact on GPU miners’ bottom lines. It remains to be seen whether this will change prisoners of war and how successful this change will be.
If Ethereum is able to survive these two major tasks – regulation and mining – it will show great flexibility. Otherwise, there are several competing currencies that follow its shadows, such as Ethereum Classic (etc), Cardano (ADA) և EOS.
# 4. Monero (because of his anonymity)
Whether its adoption in the dark markets is not all that can be expected, I (XMR) remain the Prime Minister’s secret. Its reputation և market capitalization is still higher than its competitors և for good reasons.
The Monero code requires less trust that Zcash’s “loyal” keystroke, unlike Dash, had a fair start. The fact that Monero recently changed its Pow to thwart the development of a small ASIC for its algorithm confirms its commitment to decentralize mining. The significant drop in interest rates is due to the new version, which is reportedly consistent with the ASIC. This can also be an opportunity for the GPU և even for small processors to come back to me. The new version of Monero, 0.12, includes other improvements that show that Monero continues to grow in a sensitive way.
# 5. iPRONTO (decentralized incubation platform)
iPRONTO is an Ethereum incubation platform dedicated to investors looking for a secure, reliable platform to invest in new ideas, future innovators who can submit their ideas, get feedback from users, and practice ideas from industry experts.
Innovators’ ideas are supported, as the Smart Contract’s NES will be signed by the expert platform և client և if the client’s business idea is submitted to the commission for expertise և registration on the platform. The idea will not be made public to all users of the network’s public platform, but only to selected members of the target community who are willing to sign a Smart contract to maintain the privacy of the idea.