It's a hot item these days for alot of people and more and more new people and new money are finding there way into the cryptocurrencyspace. Even mainstream media are beginning to talk about it.
u can see that by just looking at the staggering growth of the total market capitalization of cryptocurrencies of the last 3 months
as you can see it went from 19 billion dollars on Februari 14th to a little over 55 billion dollars today May 14th, some people talk about a bubble but i personally dont think that we are in a bubble yet, the fact is that the total market cap. has indeed grown exponentially but it's still really small if you compare it to other markets or companies for example amazon.com has a market cap. of almost 460 billion dollars so the potential growth the cryptocurrency market has is astounding and in my opinion that means we are no where near a bubble just yet.
ICO's
I will start of with a small list of the ICO's i joined
TaaS (Token-as-a-Service)
TaaS was the first ICO i joined , it is a tokenized closed-end fund designed to reduce the risks and technical barriers of investing in the blockchain space. Built on a profit-sharing smart contract, TaaS introduces an innovative Token-as-a-Service business model, allowing investors to subscribe to the fund’s income stream. TaaS built an innovative Cryptographic Audit technology to become the first, truly transparent fund dedicated to cryptocurrencies and tokens. So as an investor you get your share of the quarterly profits, the first payout will be in July 2017, potential source of passive income. looking forward to that!Humaniq
Humaniq is a simple and secure 4th generation mobile bank. They have created a safe, strong financial tool, specifically designed to be used by people who are undereducated or who don’t possess identification. Most of them live in emerging economies on less than two dollars a day. They believe they can change that. Im hoping they will succeed because it will help so many people by creating business and financial opportunities all over the worldMatchpool
there vision is to build a platform for matchmakers by allowing anyone to create their own community ‘pool’ for free and invite their members to their pool. End users of our platform will be able to find connections on the app by joining the pools that best cater to their needs.MobileGO
It is the first crypto-centric mobile gaming platform and store for in-game purchases, over 300 games from 150 developers are al-ready signed on and the Gamecredits mobile store is scheduled to release in early Q2 of 2017. that would probably raise the valuePeerPlays
Peerplays is the world's first peer-to-peer betting platform built entirely on top of a live blockchain, this means online gambling is about to become accessible to users in every country on Earth. Investors get a small percentage of every bet that is made, so possiby a source of passive income
Starting with the one i currently have put the most money on
- Litecoin(LTC)
- New Economy Movement(XEM)
- Lykke(LKK)
- Ethereum(ETH)
- iExec(RLC)
- PivX(PIVX)
- Digibyte(DGB)
Most of them i plan to hold for at least 1 to 2 years, next month i probably will be investing more money maybe also to make some short term profits. My current portfolio value has increased by 39% in the last 4 weeks so im pretty happy about that as you can imagine.
Questions and Comments are more then welcome!
Thanks!
Pretty impressive portfolio. Its pretty diverse, I had questions about a few of the ICO's you listed and in the end couldn't bring myself to back them at this point. Peerplays and MobileGO, both look promising but i would like to see some concrete proof of the "big" contracts they have locked down to make those projects profitable and not a proof of concept. What are your opinions?
I agree with you , i would also like to see that, but at this moment i also see enough potential in them that this outweighs the possibility that they are lying about these contracts. i plan to wait a few months and see from there wich next step im going to make. Are there any other ICO's you have looked into?
I looked into both those you are onboard with and another called Tezos, which opens soon.
okay, and what makes Tezos interesting in your opnion? dont you think maybe it is just another platform?
Its exactly just that, its a new platform written with a very successful code. Has potential but if it doesn't prove itself necessary, then most people will stick with Bitcoin and Ethereum.
Good points in this article. I was about to start a similair discussion. What if you give somebody a lot of money, they are less likely to work hard, smart and fight for their secure future. Starting a business is simply not easy. Companies have fight and go through the darkest times to get there. Starting of with a big bunch of money that most of this icos don't have simply doesn't help. Besides coinmarketcap.com there is: https://www.coincheckup.com I'm really happy with this site that gives complete coin analysis for every single crypto.