Prediction is Bang On for 2018 Start
Prediction is Bang On for 2018 Start
If Only You Had a Crystal Ball for Crypto!
It may seem strange for a crypto currency fan to not be bullish(pro) bit coin for 2018. Instead, I see a favorable future for ripple, ethereum, and maybe Dash, Litecoin, Bit Coin Cash, and Iota. I’d rather bet on use then simple agreed upon value.
2018 Picks in Order
Bit Coin Has a Giant Lead But…
Bit coin has gotten all the press and publicity lately but it also has a congested network that has long transaction times and expensive transaction fees. The idea of a crypto currency is to be a global form of payment, have fast transaction speed, low fees, be accepted by vendors, and a bonus if it has other uses.
Ethereum is reasonably fast, has low transaction fees, has wide acceptance in crypto exchanges AND has use to developers built into the technology. Unfortunately, the supply is not limited as there is an inflationary rate. The inflationary/deflationary nature is set to be appealing in the future as per Reddit
Ripple just got the announcement of a large Japanese establishment agreeing to work with it. I believe it was mentioned that testing with cross border payments in Korea were taking place as well. Transaction times are fast and fees are minimal. True decentralization is not present in Ripple. 50%-60% of the coin is held by the developers(head). They will have the power to sell off their coin at any time and have the ability to effect price. There is not a finite amount of ripple. Ripple coins can be created at will. (source Investopedia).
Dash, Lite Coin, Bitcoin Cash
These are reasonably fast coins, have low transaction fees, and have a finite limited supply. This means that additional coins will never be added to the mix. I interpret these coins as being in a race for being the most widely adopted out of the group. If vendors move to accept these as forms of payment the one gaining the most acceptance would be an excellent store of value. It’s interesting to note that Dash has a feature called private send that attempts to make payments even more anonymous. I do feel that if tracking money became insanely difficult with Dash it might suffer from government legislation and go more underground. Dash also plans project Evolution in which it works to make things easy for the general public.
Iota boasts having zero transaction costs. The idea is that the user making a transaction will process two transactions before their transaction goes through. A clever enough system to develop fast payments. It talks a lot about the sharing of data in its system and it’s ability to help the world. It has been noted that microsoft has been a participant in it’s coin, not a partner (Made clear by IOTA development staff).
Cardano and NEM
Cardano puts an impressive paper together describing their product and boasts having great minds(universities) behind it. It has been pretty flat in performance, but yet, today as of writing this it is number six in total market cap so I thought I would at least include them. NEM intrigued me with priority given to more active users. We’ll have to see how these two develop.
All in all, holding all these coins would be a reasonable bet. One could take larger positions in the one’s they believe hold the most value, thus, spreading out one’s risk. I’m interested in hearing your opinions as there is a lot of information out there and things are not made easier in picking winners when big money people pump and dump and sudden panics seem to hit the industry.
The Big Players in Crypto Currency
What If It Took a Wheelbarrow of Money to…
Marketing in Traffic Exchanges has a lot to do with capturing someone’s interest quickly. If you know this then you know to use attractive images and promise something of value that pertains to your target audience. When you go to collect someone’s email address with a squeeze/capture page what is it that they can’t resist? What will they find out by hearing from you? What will they get? What’s in it for them? Why should they click on your advertisement?
If you do take the step into website ownership such as owning a traffic exchange or a tool to help the industry do you see how the value of the site is your magnet and attraction? It becomes your front end, the attraction, the magnet, the home base. Now if you get this front end to something of high quality, happy affiliates can help you build your list/email addresses/contacts.
If you gain the trust of your contacts/list then it becomes an easy matter to benefit from the rewards of referring people to your suggestions, the famous back end marketing!
Be thinking out there in the surf, in the industry, stay alert and alive.
Your Business Will Be All the Better!