When you say “fundamentals” of a cryptocurrency… what does that mean? Is it the strength of the blockchain? The daily volume? How do you judge one coin issue as a better speculative play than another?
Assume you meant to reply to DT, not me?
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Monero and IOTA are promising in my opinion. They require a few steps to acquire but if you are already all setup with BTC on an exchange those might be worth looking into.
To my understanding, Monero offers the highest amount of anonymity and IOTA offers a zero transaction fee (one of the things killing bitcoin right now, they just lost Steam as a retailer), high efficiency trading platform (Microsoft is getting on board with IOTA).
There was apparently a miscommunication.
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I’ve missed the recent LTC and IOTA hype trains - frankly, I’m pissed how now all major crypto exchanges conveniently crash when there’s a price surge.
I’ve prepared my BTCs for a cash out, just wanted to invest some BTC funds into ADA and Monero, as I see great potential for the former.
Any other altcoin suggestions for a random bet on a potential whale?
It still says MSFT is going to be a “participant” in using the tangle-based block chain idea, which is what IOTA is basically.
I didn’t mean to suggest MSFT was partnering with the makers of the coin or something, but they are going to be using the technology on their Azure cloud it looks like.
I think ETH has possible 3-4x returns near term (based on little more than BTC’s market cap, and how much better ETH is than BTC). Beyond that and the ones I mentioned already it really does just seem like coins are blowing up because people are trying to own the next coin to blow up, which inflates the price. It’s impossible to know which one will rally 9,000% like some have already done this year
As I understand it BTC is actually one of the “worst” implementation of the block chain coins… expensive to mine(now), huge transaction fees, and is losing big name partners like Steam because of it. It has first mover advantage and wide spread name recognition, but many of the other techs are better (as I mentioned, Monero, IOTA, and Ethereum)
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I know nothing about the stock market beyond what I learned a few years ago in high school. What books/other resources do you guys recommend for someone who’s just trying to learn the basics and get started?
Well, I’m still putting some money down anyway lol.
Looks like BCH has broken out.
*I didn’t invest in this. Got it free during the hardfork.
Expensive and increasingly difficult to mine is actually one of the good things about BTC.
One of its fundamental values as that it isnt inherently inflationary by nature, as opposed to any FIAT currency.
Why would a coin that has a circulation if 1 trillion, with circulation increasing rapidly, ever have a high value per coin? Supply and Demand.
The transaction fees are the one thing undermining, in my view, BTC’s position as a potential replacement to global FIAT. Will have to wait and see what the new lightning network does for said fees and transaction times.
Rich Dad Poor Dad
Millionaire Next Door
Random Walk Down Wall Street
The Intelligent Investor
Every letter to investors that Berkshire Hathaway has ever written. Reading those is like a free MBA in Finance.
Interesting, I still have lots to learn about this stuff. Thanks for the insight
Ripple’s gone nuts. I thought it would take up to 6 months for this to happen. Holy crap.
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@Basement_Gainz @Lonnie123 Thanks guys!
Good call on ADA!
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Up 100% against BTC (!) in the meantime. With the tech platform features rolling out in 2018 an ADA breakthrough is possible…
Wouldn’t mind seeing ADA in the 5-10$ range
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I like that they have a very concise roadmap and put a lot of focus on the marketing/PR front as well. Things are looking good.