LOVED the disclaimer. š
Letās all hodl then shall we?
I have btc, bch, btg and steem. Iād like to buy xmr. Iāve been monitoring it whilst it rises for some time but itās hard to get a reliable place to hold it and no app yet for my ledger nano s wallet. Meanwhile my other cryptos have been rising in value as fast as xmr for sure so il waiting until the apps appear. Ltc is another way Iād like to diversify. And Iām watching another called verge with interest. https://www.cryptocompare.com/coins/xvg/overview/USD
There are some good applications coming into place to make the whole crypto scene more workable.
But I think you are right that steem is the way forward for fast transactions, very low fees ... and it has some great applications associated with it even beyond the wonders of steemit.
Thanks for the educative and entertaining post @swissclive.
@sallylloyd hello again! Glad you finished the article! Thanks for sharing the ideas on other alt-coins. There are so many to look at it is hard to know which one to look at next. It takes quite a while to study even one.
I like coins where I can see a reason people would want to own it. Put another way, why would an alt-coin be valuable to me? For steem I see the usefulness and the vanity aspect.
If you have any of your coins that have potentially strong use case for large numbers of people I would love to hear, so I can focus on the most attractive first.
I have read some other blogs from the steemit developers about some great application on the way which may impact steem positively, but I have lost the link now.
Did you ever come across the "Dragon's Den" programme where start-up business people pitch their businesses to get funding from a bunch of pretty hefty 'Dragons' [investors]?
I get my Dragon's Den head on when I'm looking at coins. I want to see that there's a need for this thing that's being offered. You know when you see something good on Dragon's Den and you kinda know the coin or crypto related application is going to fill a need or a gap or facilitate something that needs facilitating. When I see that I get interested.
I'm BY NO MEANS anything other than an absolute beginner with crypto ... but I'm learning slowly as I go along and I'm always looking out for 'needful' things.
I go into cryptocompare.com and look at whichever coin is performing well for a while and investigate it. They have some blurb on each coin and a little thread/comment section below that can be quite informative [people go out of their way to put some good info about their fav coins/least fav coins on there]. I also listen very carefully to my mate @alanfreestone who seems to have his finger on the applications pulse in particular.
I'm interested in Monero because it apparently resolves the privacy issues. Also, it's a generation after Bitcoin and has been able to deal with some of the scalability issues of Bitcoin [I have read]. It seems to me that Monero is going to be important and I see that it is gradually building in a very steady way. When I first started looking at it it was about 70p [GBP] in value and has crested Ā£3.50. :-)
Thanks for the tip on cryptocompare
Monero: I am not really convinced that the public at large value privacy all that much. Of course that has some value. Is that worth 3 pounds and ten shillings? Maybe more?. I will check someday soon.
I followed you and @alanfreestone as you both talk sense.
I like the Dragonās Den analagy (some countries call it the Shark Tank). There are two things the Dragons always focus on:
Will there be demand? Is there a market?
Valuation (how much is it worth compared to asking price)
Totally.
I think privacy will be important to everyone because they donāt want to be taxed 40% on their profits on crypto. š
I thought the tax was 45%?
By the way the taxman wrote to tell me that my ātax-return is outstandingā
Iām pretty chuffed by that, as I canāt actually remember doing it.
hahahahaha! I like that one!
Depends where you are I suppose. I think we get charged 40% over a certain income and maybe there's an even higher level one? I've not been that rich to notice ... but you could be with a few crypto investments!