Tag Archives: Ethereum

Cryptocurrencies Crystal Ball for 2018

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

 

  • Ethereum
  • Ripple
  • Dash
  • Lite Coin
  • Bitcoin Cash
  • Iota

 

   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

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
   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

   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.

Bitcoin Dies, and it’s Under Appreciated Brothers Thrive 2018

Bitcoin Dies

A little flare for the dramatic and some comedy to start our day today.  However, if you were a big holder of bit coin or any crypto today you are probably not laughing right now.  Bit coin and crypto currencies took a Big Hit.

Here is some insight into the future.  Doomsday people ranting that bit coin is a bubble and over speculated on may have some validity.  Let us not forget the actual value of a crypto coin is providing low transaction costs, fast transactions world wide, actually paying for goods and services, and perhaps transactions without a face or name.

Bitcoin is still pretty new and has a long way to go in acceptance.  It also has problems of expensive and slow transactions.  Most of the crypto exchanges are accepting bit coin and Ethereum.

   Why not start backing Ethereum?

   It wouldn’t have to be ethereum but it does have the jump on many alt coins as far as acceptance and exchanges are already set up for them.  Why not support a coin that actually works to provide a valuable service that it set out to solve, low transaction costs etc. and ethereum happens to have uses to developers as an added bonus.

I really look forward to the day that alt coins are not tied so strongly to bit coin and going into the future I think it will happen.  Ask yourself why hold bit coin…

Disclaimer: No investment advice is being offered here.  It is my opinion and thoughts.

Who’s Gonna Win? – The New Crypto Currency Race

The Big Players in Crypto Currency

   Let’s start with a total market cap of these big coins
Date 12/14/2017
1. Bitcoin                   $288,857,010,030
2. Ethereum              $63,069,084,803
3. Bitcoin Cash          $29,723,137,809
4. Ripple                     $29,268,934,759
5. Litecoin                  $14,472,502,727
6. Iota                         $9,636,297,948
7. Dash                       $6,824,025,547

I can’t help feeling it’s a horse race out there with the following variables

A. Recognition and Acceptance: Bit coin was created first and is the most widely known and accepted.  It is receiving a ton of publicity.  You’ll notice that it’s market share blows away any competitor.  As a store of value and a new gold I won’t argue with you.  Lite coin was introduced shortly after bit coin and has a reasonable acceptance.  Bit coin cash, while being a pretty new player, has a lot of support coming to it from the bit coin community.

B. Development Use: Ethereum adds the factor of developers being able to do more with it.  If you want more information on that ask a developer.

C. Transaction Speed and Cost of Transaction: I think most of the coins other than bit coin are similar here.  I’m sure some savvy person will rush to tell me that x coin is actually 3 minutes faster in its confirmation.  My concern here is that bit coin is taking a long time to confirm and it is expensive to send a transaction.  This is something I hope an alt coin will solve.

D. Regulation: Ripple has connections to banking institutions.  Bit coin was embraced by Japan and Switzerland to name a few and of course China banned crypto exchanges from conducting business in their country.

   I’m interested in hearing your opinions of the future of money.  Please feel free to leave comments.