Portfolio for high risk high reward
Hey guys, New to crypto investing/gambling but I still think there's going to be some good gains in alts. I dont mind losing all the money but want big gains for the risk. When I look for coins I like to look at market differentiators. What do you guys think of these choices: -3.5k xrp (likely in coinbase soon, will have institutional support soon as well) -2.5k eng (good on privacy, solid marketing for the pump with MIT team, MIT backer, potential for large returns) -1.75 xmr (king of privacy, worst case dark net still uses it lol) -1.5k iota (unique dag technology, fast m2m) -0.5 xrb (unique dag tech, p2p without cost) -0.1 req (kind of like paypal, doesn't seems more like a specific application so could be replaced by say venmo using ether) I've gone through a lot of coins and it seems like most are a scam. Lots of pump and dump. Look at Macafee for instance. Also go to their pages and some of them had a white paper link that didnt bring you anywhere lol. Anyways most of them would just list the same advantages that any crypto has so I was unconvinced. Also industry specific coins like DENT seem like trash. Open to suggestions.
I’d say your portfolio is low risk - low reward.
All crypto is high risk. If anyone tells you otherwise, they're wrong.
I suggest EOS. The mainnet launches in the beginning of June. The next development milestone is Jan 31st (the team has been ahead of schedule on every milestone so far). At this point, the team has not started their public awareness campaign. I believe this to be strategic since the mainnet launch is still a few months out. Regarding the tech, it intends to be performing 10’s of thousands of transactions per second at launch and scalable to millions. This is all done with zero transaction fees (block producers are paid via annual inflation [capped at 5% per year but can be voted lower]). Let me know if you have any questions.
How does it achieve such scalability without compromising decentralization?
Good question. Short answer is it does sacrifice some decentralization (everything has a trade off). Long answer: EOS uses a consensus model called delegated proof of stake (DPOS). This means that token holders vote (delegate) for block producers who will do the work for the system. Every 45 seconds, each of the top 20 voted block producers creates a block (and get paid). One additional producer is selected from the next remaining top voted producers to ensure that they get paid and are ready on standby in case one of the top 20 goes down or is voted out. You might think that 21 producers is a small amount, but currently 4 pools create 75% of all ETH blocks and 5 pools create 75% of all BTC blocks. Also, this trade off allows for the selected block producers to (eventually) be enterprise grade server farms each distributed geographically and with incredible uptime, storage and cpu capacity and bandwidth. Compare this to (all?) other blockchain that are powered by consumer devices. Plus, these producers will be competing with each other to be selected will do their best to provide the best service for the lowest cost otherwise they will be voted out. Lastly, to ensure that the block producers do not collude and inflict harm on the system, EOS will have a legally binding constitution that prevents and punishes malicious block producer behavior.
Blocknet and XBY
// sigh Cryptocurrencies have zero underlying value. Zero. The closest to those with real value are the bond like tokens in Ripple that are in theory redeemable for fiat. Cryptocurrencies are not scarce. New cryptocurrencies can be made out of thin air. There is nothing backing them. Even if they were the future, there is no reason to believe their current valuations are sustainable. At its current valuation, bitcoin is all but useless except as a reserve. A reserve based on the value of thin air. Yeah you can probably make some money. You can also lose it all. Its literally gambling not investing. And you're late to the party. The exponential growth we have seen cannot continue much longer. Without exponential growth, market participants will react in fear and start dumping, leading to more and more dumping. Before someone compares bitcoin to gold, Trump doesn't have a bitcoin toilet seat. Women don't want a bitcoin ring to brag to their friends. Silicon chips don't use bitcoin to increase conductivity.
Lol
Things have as much value as anyone is willing to pay for them. Money never has intrinsic value and you can always create more. Same as the dollar. The exponential growth we've seen can't continue for much longer but it'll definitely be a bit from now till it crashes. Institutional investors are about to be in soon. Pages like gemini, kraken and coinbase are still saturated with new sign ups. Now as to whether that justifies the current valuations sure it doesn't and this is all speculation. The coins themselves might be useful at a lower valuation.