The Battle of Cryptos
So many Cryptocurrencies out there and everyone ot them claims to be THE ONE! Well, maybe. But everyone who is in crypto and blockchains for a while knows, most of the coins listed on Coinmarketcap are actually not that great. Very few of them have actual real life use-cases. Most of the coins don't really solve any Real-Life-Problems (they tell you that, but they actually do not) and are only used for speculative purposes.
For now this is ok. Everyone gets a chance to proof what he can do and what not. This is actually a good thing for the developers as they get funds they can use to work on their product. And competition is good too, because it leads to building better products and platforms.
Sooner or later the bubble will burst
Seventeen years ago, the internet bubble bursted. The NASDAQ fell from a high of 5,132 in March 2000 and lost about 78% in the following months. Investors suddenly sobered up realised that web businesses with little or no revenue or at least not solving real world problems were fundamentally worthless. Companies worth billions went to zero. Good companies were dragged down with them: Cisco lost 86% of its market cap. Amazon stock fell from $107 to just $7.
We all know that this will happen to cryptos sooner or later too. And I am not talking about a dying Bitcoin or a near zero dollar crashing Ethereum. No! I am talking about the hype and the speculative money. There are many coins that don't even have a working team behind it and still have a marketcap of millions of dollars.
But for now, this is how the crypto world works. And as I said, It's ok for now.
Everyone wants a piece of the pie and everyone wants to make some money. So they follow the hype and throw their money on whatever project is beeing hyped up on Youtube, Twitter, Facebook,....
What can we learn from the Dotcom Bubble?
Like in every bubble there are some companies that actually have real value and solve real world problems. For example look at Amazon. It got really hurt through the bubble but now it is one of the most valuable companies in the world. It's stock is now trading at about 1000$/share (after the bubble burst it was 7$)
Why? Because it had real value to the people using it. It made ecommerce easy and solved many problems of the ecommerce online market we had at this time.
So, who do you think has the best chance to become a long term winner in the crypto world? Tell me your opinion in the comments and choose your top 5-10 cryptos you think will survive long-term and why.
Wait!!! How can I get the 100 NXT?
Of course! Almost forgot! *just kidding*
- Follow me: @askaran
- Upvote this post
- Write a comment with following:
1) Your top 3-10 cryptos that you think will survive long term (and why)
2) Write your NXT Address at which you want to receive the 100 NXT coins
If you don't have an NXT wallet, you can download it here: NXT Wallet - I will choose randomly 10 people from the comments send them 100 NXT each.
- Giveaway ends on 23:59 UTC on June 11th 2017
PS: If this post gets enough upvotes and return, I will expand the giveway and send out more NXT to more participants.
Oh, in case you are wondering what my top long term list is. I will tell you in another post when I am finished with my research. But for now I am invested long term mainly in the following coins:
Hi @askaran,
Was already following you, but I'll bite!:
NXT-M8U7-39G6-V7Z3-9GFJZ
I'm new to the crypto game, but have already seen some solid gains.
My faves are:
#1 - Bitcoin: its death will be slow enough for most to get out good
#2 - Ethereum: NWO backing ensures traders will make out good, if sharp
#3 - Steem: first working "Web 3.0" proof-of-concept; should have long legs
#4 - Monero: supported by the true believers; should have long legs, especially if current trends in institutional weakening continues; however, anti-NWO vibe creates certain very real risks
So yes, NXT is actually quite unknown to me, so I'm quite interested in learning more.
Hope this'll be the beginning of something both amazing and profitable.
生者必滅 - 「shoujahitsumetsu」
Congratulations! I just sent you 100 NXT.
I am already following you
Cryptos that will last a long time
Bitcoin - Because of the very strong cryptocurrency bitcoin from the past until now
Steem - Because steem has a unique social media and most traders love to share stories about cryptocurrency
Dogecoin - I think dogecoin has an incredible attraction
ETH and LTC - i think ETH and LTC will be strong like bitcoin
I hope can get the prize
NXT-8PMW-RW5T-NCRX-FBS4E
Memo = 122938
Congratulations! I just sent you 100 NXT.
Thank you very much, 100NXT its bigger coin to me
Hello @askaran! I was already following you.
My top three picks are:
Xrp= their technology has to do with banks and more banks will banks will follow because that do not want to get left behind.
XMR= great community that backs one of the safest platforms around.
DGB=Gamers love it already and more are going to love it when they launch
their Minecraft server.
Steem= this is an awesome social network that will get us all paid:)
These are my opinions only and everybody should do their own research.
NXT message: dc07af495be24d858932fb168754caf18afbb09d9f24408a99dbb9c30da02693
address: NXT-97H4-KRWL-A53G-7GVRG
Please upvote,reply,resteem and follow @victorvazco and thank you!
Congratulations! I just sent you 100 NXT.
Thank you, I received them! You're awesome!
Please upvote,reply,resteem and follow @victorvazco
following you.
my top picks currencly are:
Bitcoin - the first and the most widely accepted till date.
Ethereum - backed by JP Morgan, Microsoft, Cisco, BNY Mellon Santander, others..
Ripple - unique platform to improve efficiency at existing financial institutions, not revolutionize them.
Monero - built out of the crypto-community @ bitcointalk. uses CryptoNote protocol which differs from Blockchain.
NXT-9NEZ-UXGW-AYPV-6N774
Congratulations! I just sent you 100 NXT.
Hi @askaran,
I dare a gamble: NXT-P8DM-PS5W-Y2XR-7ZMKF
My top 5 selection is:
I think many others, like Dogecoin, Monero, Dash and Litecoin, will also survive and others like Factom and DigiByte seem interesting.
Congratulations! I just sent you 100 NXT.
Thanks for sending the 100 NXT. NXT was going up fast in the past 24 hours. Maybe NXT should also have been in my top 10.
i am following you
NXT-7SXY-E7KG-6JKC-2D4XZ
Congratulations! I just sent you 100 NXT.
It is good that I am already following you.
My top 3 would be:
Bitcoin - it has been the strongest cryptocurrency since the beginning.
Steem - unique strong social media platform
Ethereum - it is different. Can do a lot there.
NXT-BXH5-9HJA-4FBT-FL9KW
Congratulations! I just sent you 100 NXT.
I suspect the following cryptos will survive long term.
Bitcoin because it's Bitcoin!
Ethereum beause it has a lot of 3rd party company support
Steem because people love social media
Monero - I dunno why, my spidey senses are just tingling!
Would be cool to win:
NXT:NXT-H6VC-LQP8-EMP6-9XMBY
Congratulations! I just sent you 100 NXT.
Hello, in my opinion top 3 would be:
Bitcoin- We can't deny the fact it is the strongest one and probably will grow even more
Ethereum- Big companies stand behind this one, so we can expect +++
Steem- Unique platform, I think this is only the beginning of good times
NXT-FNRX-NSTG-CQDU-92M4S
Congratulations! I just sent you 100 NXT.
So who won :)
Everyone who postet. I count 10 Posts, so everyone will get 100 NXT each. I will send them out today in the evening, after I get home from work :) Stay tuned!