WARNING THIS IS NOT A GRAPHICAL EXPLOSION PIXELART POST! It's plain text puplishing my toughts my Portfolio my Profits. This is not supposed to be a trending post. I did 62k $ profit from mid 2016 (completly new into CryptoCurrency) to Q2 2017 (now).
This is just for the feed:
I haven't posted much @ all while i was getting into CryptoCurrency in 2016 i came across Steemit in its early days.
Whatever! I want to share my CryptoPortfolio:
The golden Goose (Bitcoin-BTC)
In my opinion Bitcoin evolved that insane over the past couple of years because its pole position as the biggest
CryptoCurrency and its simple one and only USE CASE: Just USE it same as FIAT Currency (NO Decentralized Apps, NO other
0815-HARD TO UNDERSTAND USE CASE).
Bitcoins Hardcap of Bitcoins in circulation is another factor pushing the price to 3000 USD. In a few years the total number of
Bitcoins is reached and from that point no Bitcoins can be mined anymore.
PRO:
Mass Adoption:
Bitcoin is already in a state it could be easily get adopted by the masses. Just imagine Amazon decide to accept Bitcoin as
payment method.Pole position:
Biggest MarketCap!
CONTRA:
- SegWit
Read about that if you're going to invest into Bitcoin in the near future
-Mining Future
If the Hardcap of Bitcois is reached what will miners get for mining? Thats a question Bitcoin's Development have to answer in
the next few years because Bitcoin need those miners to get the transactions done.
TODO:
- Buy into Bitcoin! It's not too late if it's 3000 USD that are peanuts in case it will hit Mass Adoption.
- Keep in mind Bitcoin is not a bubble! (If you don't trust my opinion i have an advice : Just open CoinMarketCap.com once a
day for one yearand just laugh about yourself when you see the new price) - Just HOLD! Don't sell!
PS: I hold 5 BTC myself and bought them for 730$ each.
Profit: 9850$
The Jackal (Ripple-XRP)
Ripple is centralized! While other CryptoCurrencys getting rid of centralization of money and banks Ripple just do the
opposite. The Ripple Network is a teammate of the banksters. Ripple will make crossboarder payments fast and will lower
the costs of crossboarderpayments.
PRO:
According to Noam Chomsky (btw one of my heros) i just want to recommend the movie:
Requiem for the American DreamRead about:
http://www.alternet.org/news-amp-politics/noam-chomsky-wants-you-wake-american-dreamIn short words:
the capital will grow and stay where it is so an invetstement into the banksters
CONS:
- There is no USE CASE for people like you and me.
TODO:
- Get into the tool the banksters will use to keep the money system just like it is!
- The price of Ripple is much undervalued in my opinion .
PS: I'm holding 38000 XRP and bought them 0.14$ each
Profit: 4446$
The Wunderkind (Ethereum-ETH)
Ethereum is a platform to execute smart contracts. Think about that contracts like Computer Applications. Everyone is able to
write such a smart contract for his/her USE CASE. Examples may be a decentralized voting system or crowdfunding. To
execute a smart contract Gas is used and thats what make Ether valuable.
PRO:
- Still in the early days of development! There are just a few decentralized Applications out there with a USE CASE which is
worth to use. - The scalability of Computer Applications is big NEED of software engeering in the future and dApps make that possible!
CONS:
- No Hardcap now! Vitalik Buterin the inventor of Ethereum protocol talked about that and it will change from POW to POS in
the future but same as Bitcoin Ethereum needs the miners to execute those smart contracts on the blockchain!
PS: I'm holding 120 ETH and bought them about 10$ each
Profit: 44400$
Another way to just make money in CryptoCurrency (Crowdfunding-ICO):
Just look out for new ICOs coming up in the world of CryptoCurrency. Read about them @ bi tcointalk and decide by yourself
if its worth to invest into that project. Find out about the people and companies involved into the project that is a good way
to find out if it#s SCAM/Ponzie Scheme (which a lot of ICOs are) or a valuable project.
PRO:
- MAX Profit (if the coins hit exchanges and will be listed in CoinMarketCap).
CONS:
- The Risk of SCAM (be aware of that).
TODO:
- Watch out for upcoming ICOs invest early wait till the coins hit exchanges and dump them instantly
PS: I did that with Game Credits (GAME) after i found out about a project called MobileGO i just bought some GameCredits and
instantly sold them with big profit 300%+. Bought 2000 GAME at 0.92$ and sold them 2.9$.
Profit: 3960$
I wish you as much luck as i have had in a single year! It's not too late to invest into the big CryptoCurrencys just keep in mind this is still the beginning not much people even know about CryoCurrency!