Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post

Krovikan · 12-30-2017, 12:32 AM

I have been meaning to make a giant post about different cryptocurrencies and my opinions on them, so here goes. To start disclaimer, these are my personal opinions, based on research I have done, everyone should do their own research on cryptocurrency before investing.

Bitcoin - The first to market, will have a good trajectory, $20k is too much for its current value, but the currency should be able to support a 20k price in 2018. 2018 Bitcoin should be able to support a 40k price in my opinion.

The coin is first to market, have all the media attention, and therefore is the king of the cryptocurrency. The actual network is poor, and if you put your money in (ignoring the hype bumps) you should be able to maintain the value of your investment with steady increases.

All bitcoin forks (current and future), etc, litecoin - Why do these exist? how do they really have value? I stay away from them, even though I technically have ~0.01 in each of them.

Ethereum - The technical king of cryptocurrency, a good stable currency that will increase its value over time. Most apps and tokens are built in this network. Gas is directly related to Ethereum which means every transaction from all dapps will cause an eth transaction keeping a need for the coin.

Their development team is SLOW and if they don't get their act together fast another coin could take over their position but this won't until 2019 at the earliest if not 2020. If you are paying attention you will be able to get your investments out before the currency crashes (if this scenario happens).

Ripple - Unless you care about their interbank tech you should not invest in this coin, it is set up like a traditional currency and therefore the price should be stable like a western currency. That being said this currency is overhyped right now and in my opinion is trading well above it's supported price at $2.50, in my opinion, this coin is really valued at a sub-dollar range.

What do I mean it's set up like a currency? The inflation of this coin is large compared to most cryptocurrency, which will create a deflation pressure on the coin price so as the market cap goes up the value of the coin "should" be controlled. That said the news seems to be overhyping ripple lately. This is the currency that all the banks seem to be behind.

Some of the people that are involved in Ripple have very poor reputations in the crypto-community so this is also a negative.

Those are the top coins, and for full disclosure below is my current portfolio of cryptocurrency:
FIN: 5.59%
NOM: 5.59%
XVG: 2.38%
Eth: 35.86% (mining)
SIA: 0.49% (just sold most of my position + mining)
SUB: 13.79%
NEO: 12.94%
IOTA: 6.85%
PAY: 13.72%
BTC: 2.78%

Alright, so some of the lesser known coins:

STORJ - Stay away, just liquidated my position, they are competing with FileCoin and SIA. Sia feels the more niche position but FileCoin is spun off from IPFS project which is much more organized and seems like they may have better tech. Also, STORJ has a ridiculous percentage of the coins still which means there is always a risk that they could use those coins to cover their operating costs a inflate the currency available on the market and tank the price.

They also do not have a good relationship with their community and have a serious problem with taking advice from users. They label those that criticize trolls and ban them, they also have a constant restructuring of their management team. All and all a very unstable project.

(I just liquidated my positions and shut down my STORJ shares)

FIN & NOM - Finom is the owner of one of the bigger mining pools (Nanopool), have a larget mining company, and own several trading platforms. They are looking to expand their platform to be a one-stop shop for financial transactions and utilities for cryptocurrencies.

They have a solid business, and just raised over $40 million, they have some potential for long-term growth. Too early to tell if it is too the moon potential, but low-risk investment in my opinion.

Verge - They are a privacy coin, that is competing with Dash and Monero, they will be releasing their Wrath protocol in January which in my opinion is better than both Monero and Dash. In 2018 I expect them to have a larget market cap them Monero.

SIA - Niche file storage sharing, just not good enough to compete. That being said I dual mine this coin as it is the most profitable. I would not consider a short or long term investment in this coin.

SUB - Distribute internet company competing with MaidSafe, MaidSafe has ben stalled for a while now and does not seem to be coming to market any time soon. I fully expect SUB to beat MaidSafe's market cap in 2018.

Neo - Chinese Ethereum, suspected to be backed by the Chinese government. It is a slightly better technology then Ethereum and should attract a lot of DAAPs and Tokens from the Chinese markets. Unlike Ethereum POS is implemented and GAS and NEO are sperate, so the value of the NEO coin may be limited. That being said holding NEO pays dividends of GAS due to the POS algorithms. My target for NEO for 2018 is 250-350.

IOTA - IoT coin that does not have transactions fees, this could solve a massive IoT data problem that proprietary IoT devices have, this could become a staple currency like ETH and Bitcoin.

Pay - TenX's coin, they link to the MasterCard prepaid network to allow you to pay with cryptocurrencies anywhere that accept MasterCards. You just load up their wallets with currency, order their cards, and then start shopping.

This is a very cool project, that has been very succesful in Europe, they have had a lot of supply problems with meeting demands of their cards. They are rolling out to the rest of the world in 2018, we are still waiting for what "the rest of the world" include as it probably doesn't include all countries.

The issue with this project long term is unlike a countries currency, the governing bodies of cryptocurrency are not trying to encourage consumption so most cryptocurrencies are set up as deflationary coins versus inflationary coins. This means you have the incentive to hold on to your currency as it will increase in value and reduce spending with the coin. So spending of currently supported cryptocurrencies (ETH and BTC) should be low. That being said, our current social structure pushing us to consume (spend) and therefore the concern may be a moot point.

I'm currently researching 2 different coins Cardano and PRIVX for potential investments, not done yet though. And have three ICOs that I am looking at for Jan Experty, InsurePal, and The Bee Token. But all that research is really too early to comment.

12-30-2017, 12:32 AM	#196
Krovikan Powerplay Quarterback Join Date: Feb 2010 Exp:	I have been meaning to make a giant post about different cryptocurrencies and my opinions on them, so here goes. To start disclaimer, these are my personal opinions, based on research I have done, everyone should do their own research on cryptocurrency before investing. Bitcoin - The first to market, will have a good trajectory, $20k is too much for its current value, but the currency should be able to support a 20k price in 2018. 2018 Bitcoin should be able to support a 40k price in my opinion. The coin is first to market, have all the media attention, and therefore is the king of the cryptocurrency. The actual network is poor, and if you put your money in (ignoring the hype bumps) you should be able to maintain the value of your investment with steady increases. All bitcoin forks (current and future), etc, litecoin - Why do these exist? how do they really have value? I stay away from them, even though I technically have ~0.01 in each of them. Ethereum - The technical king of cryptocurrency, a good stable currency that will increase its value over time. Most apps and tokens are built in this network. Gas is directly related to Ethereum which means every transaction from all dapps will cause an eth transaction keeping a need for the coin. Their development team is SLOW and if they don't get their act together fast another coin could take over their position but this won't until 2019 at the earliest if not 2020. If you are paying attention you will be able to get your investments out before the currency crashes (if this scenario happens). Ripple - Unless you care about their interbank tech you should not invest in this coin, it is set up like a traditional currency and therefore the price should be stable like a western currency. That being said this currency is overhyped right now and in my opinion is trading well above it's supported price at $2.50, in my opinion, this coin is really valued at a sub-dollar range. What do I mean it's set up like a currency? The inflation of this coin is large compared to most cryptocurrency, which will create a deflation pressure on the coin price so as the market cap goes up the value of the coin "should" be controlled. That said the news seems to be overhyping ripple lately. This is the currency that all the banks seem to be behind. Some of the people that are involved in Ripple have very poor reputations in the crypto-community so this is also a negative. Those are the top coins, and for full disclosure below is my current portfolio of cryptocurrency: FIN: 5.59% NOM: 5.59% XVG: 2.38% Eth: 35.86% (mining) SIA: 0.49% (just sold most of my position + mining) SUB: 13.79% NEO: 12.94% IOTA: 6.85% PAY: 13.72% BTC: 2.78% Alright, so some of the lesser known coins: STORJ - Stay away, just liquidated my position, they are competing with FileCoin and SIA. Sia feels the more niche position but FileCoin is spun off from IPFS project which is much more organized and seems like they may have better tech. Also, STORJ has a ridiculous percentage of the coins still which means there is always a risk that they could use those coins to cover their operating costs a inflate the currency available on the market and tank the price. They also do not have a good relationship with their community and have a serious problem with taking advice from users. They label those that criticize trolls and ban them, they also have a constant restructuring of their management team. All and all a very unstable project. (I just liquidated my positions and shut down my STORJ shares) FIN & NOM - Finom is the owner of one of the bigger mining pools (Nanopool), have a larget mining company, and own several trading platforms. They are looking to expand their platform to be a one-stop shop for financial transactions and utilities for cryptocurrencies. They have a solid business, and just raised over $40 million, they have some potential for long-term growth. Too early to tell if it is too the moon potential, but low-risk investment in my opinion. Verge - They are a privacy coin, that is competing with Dash and Monero, they will be releasing their Wrath protocol in January which in my opinion is better than both Monero and Dash. In 2018 I expect them to have a larget market cap them Monero. SIA - Niche file storage sharing, just not good enough to compete. That being said I dual mine this coin as it is the most profitable. I would not consider a short or long term investment in this coin. SUB - Distribute internet company competing with MaidSafe, MaidSafe has ben stalled for a while now and does not seem to be coming to market any time soon. I fully expect SUB to beat MaidSafe's market cap in 2018. Neo - Chinese Ethereum, suspected to be backed by the Chinese government. It is a slightly better technology then Ethereum and should attract a lot of DAAPs and Tokens from the Chinese markets. Unlike Ethereum POS is implemented and GAS and NEO are sperate, so the value of the NEO coin may be limited. That being said holding NEO pays dividends of GAS due to the POS algorithms. My target for NEO for 2018 is 250-350. IOTA - IoT coin that does not have transactions fees, this could solve a massive IoT data problem that proprietary IoT devices have, this could become a staple currency like ETH and Bitcoin. Pay - TenX's coin, they link to the MasterCard prepaid network to allow you to pay with cryptocurrencies anywhere that accept MasterCards. You just load up their wallets with currency, order their cards, and then start shopping. This is a very cool project, that has been very succesful in Europe, they have had a lot of supply problems with meeting demands of their cards. They are rolling out to the rest of the world in 2018, we are still waiting for what "the rest of the world" include as it probably doesn't include all countries. The issue with this project long term is unlike a countries currency, the governing bodies of cryptocurrency are not trying to encourage consumption so most cryptocurrencies are set up as deflationary coins versus inflationary coins. This means you have the incentive to hold on to your currency as it will increase in value and reduce spending with the coin. So spending of currently supported cryptocurrencies (ETH and BTC) should be low. That being said, our current social structure pushing us to consume (spend) and therefore the concern may be a moot point. I'm currently researching 2 different coins Cardano and PRIVX for potential investments, not done yet though. And have three ICOs that I am looking at for Jan Experty, InsurePal, and The Bee Token. But all that research is really too early to comment.