My Crypto Portfolio, Coin #7: Quantstamp (QSP)

[davidpakman]

On January 1st, I announced that to kick off the year, I'd be posting about my crypto portfolio: https://steemit.com/cryptocurrency/@davidpakman/welcome-to-2018-my-cryptocurrency-portfolio

I'll be posting about each currency I hold in the order I took positions in them. Here are the posts so far:

--Bitcoin (BTC): https://steemit.com/cryptocurrency/@davidpakman/my-crypto-portfolio-day-1-bitcoin --Ethereum (ETH): https://steemit.com/cryptocurrency/@davidpakman/my-crypto-portfolio-coin-2-ethereum-eth --Litecoin (LTC): https://steemit.com/cryptocurrency/@davidpakman/my-crypto-portfolio-coin-3-litecoin-ltc --NEO & GAS: https://steemit.com/cryptocurrency/@davidpakman/my-crypto-portfolio-coins-4-and-5-neo-and-gas --IOTA: https://steemit.com/cryptocurrency/@davidpakman/my-crypto-portfolio-coins-6-iota

Today, I'll talk about the 7th crypto I acquired, Quantstamp (QSP) which by market cap is currently 84th in terms of market cap, and has recently had a big run-up:

![cmc.jpg](

What initially drew me to QSP was a friend's explanation of their focus on smart contracts, specifically auditing the security of smart contracts. Although smart contracts would be a topic for an entire series of posts themselves, they are algorithms for the goal of automating execution process of a contract in the blockchain.

QSP's biggest selling point was not only what it can do, but how effectively it can do it, being able to verify source code written in any language.

QSP is relatively new, first announced in September of 2017, and I made my first purchase of QSP in early December. Like with many of these investments, I do consider them the most speculative of my portfolio, but do believe that QSP has a practical application in solving a specific smart contract security issue. I do see as a possible risk that because of QSP's 100% play as a smart contract auditor, if even one QSP-audited smart contract were to be hacked, it would be absolutely disastrous for trust in QSP.

As always, do your own due diligence. I have a long position on QSP that currently makes up 16.9% of my crypto portfolio, and it is this high because of the recent price run-up

Comments

[tronthetechie]

I really love the content you type out, but please, invest in yourself and learn a new language MarkDown!

• The Reasons
  • It lends you a whole new level of professionalism.
  • Always good to learn a new cross platform skill.
  • If appearance is half of taste, what is it for the internet?

I love what you do, and I'm glad to support you.

It will be interesting to watch you grow.

[davidpakman]

thanks, I do need to improve my markdown!

[codemojo]

$QSP has great team behind them but they are fixing what shouldn'thave been broken in the first place. What do you think of this list:

https://www.yours.org/content/42-crypto-to-todl-in-2018--draft--6fae658847b6/

[davidpakman]

I will check that out!

[eddie84]

What exchange has QSP? @davidpakman

[davidpakman]

I believe poloniex, bittrex, and binance have it, although I might be wrong

[donaldpete]

Where and how do you think i can get QSP @davidpakman

[davidpakman]

I would look at bittrex, poloniex, binance

[schuwall]

Binance is a great start for beginners.

[schuwall]

What direct competitors does Quantstamp have, if any?

What I've also been aksing myself: If I assume that the coins in the top 100 are already overevaluated and I don't want to buy into most of them at this point, what would be the best way to find coins that might enter the top 100 in a couple weeks or month?

ICOs have a bad reputation, and I can't start reading hundreds of white papers just in case...

Where is a good place to look for interesting coins who are still widely unknown?

[davidpakman]

This is part of why I like it.

[matthiasjohn]

Thanks for this post. Always looking forward to your post.

[zacharylutes]

QSP is going to do amazing!

[fabianmani]

Congrats bro... It's good to see opportunities and take action.

[drillzablaze]

Qsp will certainly grow with time...you made a right decision to buy...it is a massive investment.I think it worth the risk...besides It keep appreciating...

[lukebrn]

QSP is a good coin, and our portfolios are relatively similar! QSP is a slight risk due to a sole focus on smart contracts, I agree.

I am doing something similar where every day, I post about a different cryptocurrency. I am aiming To Help people gain a general understanding of as many coins as possible and get my knowledge out there! I'll be following your posts too, for sure as I love seeing other people's perspectives on different cryptocurrencies.

[zerepnomis]

Since you mostly have safe bets, you might want to look into Tron (TRX) as well.

[zerepnomis]

Let's agree to disagree :)

[nuridin]

How would QSP be different from Ethereum in the smart contract aspect? What I know is that one of the main advantages of Ethereum is its smart contract feature.

[thepassenger]

this is a great project, i'm in as well!

[ankapolo]

Hi @davidpakman, i think you might find this tool very useful. its a great way to view your entire crypto-portfolio and also the portfolio of others. It actually tells you how well your coins are doing all in one page: That's how it looks: https://altpocket.io/?ref=JFCdRB6cOE

[robinsoncaiso]

that is a tremendous challenge, i'm in as well!

[davidpakman]

I actually added Cardano and Lumens AFTER starting this project, maybe I'll add them and do those as well