I hold some BTS and some ETH and even some BTC. Speculatively, it's difficult to predict which ones will do best - BTC has the upcoming Segragated Witness deployment which - if activated - will allow the layer-2 Lightning Network development to come to fruition. It's pretty cool tech for allowing lots of transactions, but pretty horrible from a user experience perspective and still doesn't actually solve the problem of Bitcoins limited block capacity. However, from experience speculation doesn't care about those details and will happily pump the value of a coin even if its fundamentals haven't really improved much.
ETH is quite cool, but - as you can see from this post - it struggles under load. To fix that (and move to a Proof of Stake model similar to Bitshares) will require a hard-fork. The last hard fork resulted in ETH and ETC (Ethereum Classic). Again, if speculative hype glosses over these glaring flaws, the price will probably not really suffer much but if faith is lost, it'll tank.
Bitshares is my personal favourite simply because it actually delivers on it's promises here and now. It's super fast, reasonably usable even by the average person, cheap to transact and the best bit; has price pegged assets like BitUSD. But, it hasn't (yet) had its mass market explosion. If this comes (and it is still an If), then I think it'll topple all the other coins and dominate market share.
If you are looking for quick returns, following the speculators is probably going yield the best results. If you believe in the underlying technology and the applications of that technology in the real world over the longer term (E.g. USD with all the benefits of crypto) then Bitshares is horse to back (imho).
Great post, but you don't have to take a binary approach to a crypto strategy. Always think it's wise to balance quick gains with long-term strategy... The quick gains can help strengthen your long game - if you're crafty.
For example, I bought BTC back in August for around $500per when everyone thought it was "doomsday" for Bitcoin. Used a small percentage of the profit to buy LTC back at $2per sometime at the end-ish of last year... and totally forgot about it.
Bought more BTC at $2,100 a month ago, swapped them for more LTC ($23s) at around $2200-$2300. Now, at $40per, think I'm well beyond the point where I can take short-term risks to increase my LTC size further. So I swapped them for Ethereum's low $300s while everyone's running like headless chickens.
Speculating LTC to possibly dip back into $26-30 territory, which I'll revert ETH back into LTC. I personally think Ether will recover VERY soon... Sooo possibly an opportunity to profit while I wait.
All within this strategy, plan to scale Bitshares slowly with the remnants of profits I've made/make for cold-storage since it's not really a short-term play to begin with; not much volatility.
I hold some BTS and some ETH and even some BTC. Speculatively, it's difficult to predict which ones will do best - BTC has the upcoming Segragated Witness deployment which - if activated - will allow the layer-2 Lightning Network development to come to fruition. It's pretty cool tech for allowing lots of transactions, but pretty horrible from a user experience perspective and still doesn't actually solve the problem of Bitcoins limited block capacity. However, from experience speculation doesn't care about those details and will happily pump the value of a coin even if its fundamentals haven't really improved much.
ETH is quite cool, but - as you can see from this post - it struggles under load. To fix that (and move to a Proof of Stake model similar to Bitshares) will require a hard-fork. The last hard fork resulted in ETH and ETC (Ethereum Classic). Again, if speculative hype glosses over these glaring flaws, the price will probably not really suffer much but if faith is lost, it'll tank.
Bitshares is my personal favourite simply because it actually delivers on it's promises here and now. It's super fast, reasonably usable even by the average person, cheap to transact and the best bit; has price pegged assets like BitUSD. But, it hasn't (yet) had its mass market explosion. If this comes (and it is still an If), then I think it'll topple all the other coins and dominate market share.
If you are looking for quick returns, following the speculators is probably going yield the best results. If you believe in the underlying technology and the applications of that technology in the real world over the longer term (E.g. USD with all the benefits of crypto) then Bitshares is horse to back (imho).
Also, BitShares has a certain ring to it, I think it's a good brand name that may boost its success.
Thanks for sharing your thoughts :)
Great post, but you don't have to take a binary approach to a crypto strategy. Always think it's wise to balance quick gains with long-term strategy... The quick gains can help strengthen your long game - if you're crafty.
For example, I bought BTC back in August for around $500per when everyone thought it was "doomsday" for Bitcoin. Used a small percentage of the profit to buy LTC back at $2per sometime at the end-ish of last year... and totally forgot about it.
Bought more BTC at $2,100 a month ago, swapped them for more LTC ($23s) at around $2200-$2300. Now, at $40per, think I'm well beyond the point where I can take short-term risks to increase my LTC size further. So I swapped them for Ethereum's low $300s while everyone's running like headless chickens.
Speculating LTC to possibly dip back into $26-30 territory, which I'll revert ETH back into LTC. I personally think Ether will recover VERY soon... Sooo possibly an opportunity to profit while I wait.
All within this strategy, plan to scale Bitshares slowly with the remnants of profits I've made/make for cold-storage since it's not really a short-term play to begin with; not much volatility.
See. Sweet Harmony.