Important: This position should not be considered as an investment council. The author focuses on the best coins in terms of actual use and adoption, not from a financial or investment perspective.
In 2017, cryptographic markets set a new standard for simple income. Almost every piece or chip makes a unique comeback. “The rising tide is throwing away all the boats,” they say, and the end of 2017 was a flood. Rising prices have created a positive feedback cycle, attracting more and more Crypto capital. Unfortunately, but inevitably, this running market brings in a huge investment. Money is wasted indiscriminately on all sorts of dubious projects, many of which do not bear fruit.
In the current bearish environment, hype and greed have been replaced by a critical scrutiny and vigilance. Especially for those who have lost money, sales promises, endless shillings, and charismatic oratorio are no longer enough. Well, the basic reasons to buy or keep a coin are Paramount once again.
Basic factors in evaluating a cryptocurrency-
There are a few factors that are likely to overcome hype and price bombs, at least in the long term:
Even if the technology of a cryptocurrency or ICO business plan seems strange to have no users, they are dead projects. It is often forgotten that widespread acceptance is an important part of money. In fact, it is estimated that more than 90% of the value of Bitcoin is a function of the number of users.
While the acceptance of Fiat is entrusted to the State, the acceptance of cryptography is purely voluntary. Many factors play into the decision to accept a coin, but perhaps the most important consideration is the possibility that others will accept the coin.
Decentralization is necessary for the I push Model of real cryptocurrency. Without decentralization, we would be a little closer to a Ponzi scheme than to a real cryptocurrency. Trusting individuals or institutions is the problem — a cryptocurrency is trying to solve.
If breaking a coin or a central controller changes the transaction record, it questions its basic security. The same applies to parts with unverifiable code that hasn’t been fully tested for many years. The more you can trust the code to act as described, regardless of human influence, the greater the security of a coin.
Valid coins try to improve their technology, but not at the expense of safety. Real technological advancement is rare because it requires a lot of skill — and also wisdom. Even if there are Always fresh ideas that can be screwed, if doing so puts weaknesses or critics of the original purpose of a coin, it doesn’t matter.
Innovation can be a difficult factor to evaluate, especially for non-technical users. However, if a currency code has stagnated or has not received updates addressing important issues, it could be a sign that developers are weak about ideas or motivations.
The economic incentives inherent in a currency are easier to understand for the average person. If a coin has a large pre-mine or an ICO (initial share offer) the team has a lot of chips, then obviously the main motivation is profit. By buying what the team has to offer, you play your game and improve it. Be sure to provide a tangible and reliable amount in return.
5 cryptocurrencies to buy in 2018
There is no better time to reevaluate and balance a cryptographic portfolio. Based on their strong foundation, here are five pieces that I feel are worth keeping or maybe buying at their current depressive prices (which, just a warning, could go down).
#1. Bitcoin (due to its decentralization)
Number one belongs to Bitcoin (BTC), which remains the market leader in all categories. Bitcoin has the highest price, the widest speculation, the most security (due to Bitcoin’s unique mining energy consumption), the most recognizable brand identity (the forks are trying to be appropriate), and the most. progress Active and reasonable. It is also the only piece to date that has been represented in traditional markets in the form of Bitcoin futures trading by the American CME and CBOE.
Bitcoin remains the main engine; The performance of all the other features is very much related to the performance of Bitcoin. My personal expectation is that the gap between Bitcoin and most — if not all — other features will widen.
Bitcoin has a number of promising pipeline innovations that will soon be installed as additional layers or soft forks. Examples are the Flash system (LN), the wood, Schnorr signatures Mimblewimbleund many more.
In particular, we plan to open a new range of applications for Bitcoin, as it allows for large-scale, microtransactions and immediate and secure payouts. LN is more robust as users test their various possibilities with real Bitcoin. As it becomes easier to use, it can be considered to benefit greatly from the adoption of Bitcoin.
#2. Litecoin (due to its continuation)
Litecoin (LTC) is a clone of Bitcoin with a different hash algorithm. Although Litecoin no longer has Bitcoin anonymity technology, remarkable reports show that Litecoin’s adoption in dark markets is now second, the only bitcoin. Even if a currency I have is more suitable for the role of acquiring illegal goods and services, it may present itself as a consequence of the longevity of Litecoin: It was launched at the end of 2011 .
Another factor in favor of Litecoin is that it integrates Bitcoin SegWit technology, which means that Litecoin is prepared for LN. Litecoin can benefit from atomic chain exchange. In other words, peer-to-peer trading of currencies is safe without the involvement of third parties (ie exchange). Because Litecoin keeps its code largely synchronized with Bitcoin, it is well positioned to benefit from Bitcoin’s technical advances.
#3. Ethereum (due to intelligent contracts)
Ethereum (ETH) has some major problems right now. First of all, governments are cracking the ICO, and rightly so: many have gone fraudulently or bankrupt. Since most of the ico run on the Ethereum network is as ERC token 20, ICO mania has brought a lot of value to Ethereum in recent years. If appropriate rules are taken to protect investors Ethereum projects scams can gain a certain legitimacy as a crowdfunding platform.
The second major problem faced by Ethereum is the delayed transition to the new hybrid work and battery detection system. Ethereum GPU mining is currently profitable, but Bitmain recently announced a minor Ethereum ASIC, which is likely to have an impact on the bottom lines of GPU miners. It remains to be seen if this will change the POW — and how successful this change will be.
Whether Ethereum can withstand these two major problems — regulation and mining — will show great resilience. Otherwise, there are many competing currencies tracing its shadows, such as Ethereum Classic (etc), Cardano (ADA) and EOS.
#4. Monero (due to his anonymity)
Even if its adoption in dark markets is not all that is to be expected, I (XMR) remains private to the Prime Minister. His reputation and market capitalization surpass his rivals — and with good reason.
Monero’s code requires little confidence that Zcash is a “loyal” key ceremony, and has a fair start, unlike Dash. That Monero recently modified his Pow to defeat the development of a small ASIC for his algorithm proves the piece’s commitment to mining decentralization. A significant reduction in the hash rate is due to the new version, which is regularly reported against the ASIC. It could also be an opportunity for the GPU and even minor CPUs to get back to me. The new version of Monero, 0.12, also includes other improvements that show Monero continues to grow on sensitive lines.
#5. iPRONTO (A decentralized incubation platform)
IPRONTO is an Ethereum chain immersion platform dedicated to investors looking for a safe and reliable platform to invest in new ideas and future innovators who can present their ideas and receive opinions from of users, Experts in the field of practice and implementation of the acquired ideas.
The ideas of the innovators are supported while the NES in Smart Contract format is signed between the platform expert and the customer when the client’s business idea to the Committee for examination and registration of the platform. The idea will not be published for all public users of the chain’s platform, but only for selected members of the target community who are willing to sign the Smart contract to maintain the confidentiality of the idea.