It depends what you mean by profitable,
If buy bought mass NEO for 16c each, and you are generating 1 gas per 100 you hold each month, say you have 10k NEO, your generating over $1000 a month for free.
If you bought NEO at 160 dollars, then the Gas will not offset the market decline I agree
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Well, in 2017 it did a 70x bull run, which was just unsustainable.
The current correction still puts the market cap over 25x the start of last year, which is phenomenal returns.
I feel that once Blockchain becomes more mainstream, with larger working products that are adopted on a day to day basis by regular people, we will see a large hike then.l
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There was a dead cat bounce in the markets, but I don't see the buying support to keep it going.
In essence I think we have another few months of price decreases to come still, but I hope I am wrong
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There are many coins out there with "Working Products"
You have coins that offer a split of revenue on exchanges, such as Fcoin, Bibox, Kucoin.
You have coins that offer pure dividends on revenue generated, such as CSNO
You have coins where the App's are just releasing such as Ethos,
You then have the mass coins that are for value, pure coins in essence such as Bitcoin and Litecoin.
And then you have coins that host Dapps such as Ethereum, Waves and NEO with other competitors soon to be fully released such as ADA
The best thing would be to ask, what sort of coin are you looking for? a Dividend coin, one that you can use in the future, one that you want to try and appreciate etc?
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Its a plausible enough story
Coinbase values itself at about 8Bn
Facebook has a value of over 600bn, to purchase coinbase if they raised new share capital it would only take about 1% of their share value to purchase it.
Coinbase has a billion in revenue a year so its a pretty healthy investment if you can afford it.
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It depends on which altcoins you want to buy,
If you want to buy scamcoins etc in the hope of a huge pump, it may never come again, if you want to buy some of the top alts at a discount, then this is a great time to do so.
Personally I'm stocking up on another few hundred K ADA - will leave in the wallet, once Shelly is released and Staking comes out, will delegate stake it and check back in a few years to see whats happened, collect my X staked coins and either swap into other rising coins or sell. But only invest what you can afford to lose as the number 1 rule.
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Crypto as a whole is not a bubble,
HOWEVER some of the crap coins were 100% in a bubble, some hit valuations in the hundreds of millions on pure air and will never reach those heights again,
However the decent projects with strong teams and huge developments (Mainly the top 50 Market cap projects) should rise from this dip to new heights as Blockchain is implemented more widespread.
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I Can see it stabilising towards the end of the year, it will stabilise at a much lower price than the start of 2018 is my view, Dec/Jans rise was just pure media hype. Looking at a market cap of 100-150bn would seem reasonable when you consider that's still a growth of around 15x from the start of 2017.
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Can't remember if I have posted here before, but yes they are definitely profitable,
I have been involved in several, including the one in my Sig now, and all have given out free coins which if you so wish, you can trade for BTC.
If you just take part in several, hold them for the next run you should be laughing.
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I agree that there are several strong competitors such as NEO and ADA, however the market will have space for them all.
Eth has value as its needed whenever you transfer tokens on its network, as its network has so many tokens, it gives the fuel value.
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Well Said,
You should always do your own research before investing in a project,
Personally i only tend to invest in coins that i would USE once their roadmaps are complete, so they have a value to me personally beyond just financially.
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You know the SEC has already ruled that Bitcoin and Ethereum are not securities right?
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It was a shame about centra, I liked the plan, and whilst I didnt buy in the ICO, I did pick some up in December before Jans pump.
Unfortunately i still hold those coins, I missed the news and as such have just deleted them from my portfolio tracker instead lol.
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Probably for the best,
All he used to do was promote coins he had invested a load into, and then sell when it had been pumped, Verge was the best example of this.
Its a shame that youtubers also do this, those with 100k+ subs will promote coins they have just bought, and then sell as the price increases.
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My guess is around the 400bn mark,
It will hopefully start to stabilise in the next few months, and then continue its STEADY growth that we had before December and Jans explosion.
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Anything is possible,
Remember with Ripple, the current coins are less than 40% of the total that will be here in 5 years time, that means a value of $5 then would place Ripple with a half a trillion price tag.
However stranger things have happened in crypto, and in the short term its possible
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No one can really predict with certainty what the market will do short term - you may be right to wait until September, on the other hand, if we have a steady rise to 500bn cap over the next 3 months then you would have been wrong to wait.
Just gotta see really i suppose.
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Yes, 100% you can, Like others have said you need to find the right coin, for example DeepOnion is a pretty solid project and had a 40 week airdrop phase, at one point during Jans bull run the coin reached $20 each, but anyone who had been in from week 1 was still receiving 1000 a week - that's $20,000 income every single week from an airdrop coin. Most people did not sell off at the peak, me included, but its still all free so I can't complain. Look at the principle behind the airdrop, what the coin does and how hard the devs are working and I am sure you will find successful coins. I like the look of Privcy as a current one
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It wont be the begining of the end for Crypto as a whole,
Sure it might be for some of the crap coins out there that have no business using the blockchain other than to make some ££ in an ICO,
However all those legitimate projects will get over this slump and rise to new heights,
Look at the dotcom bubble - many crap companies crashed and burned, even the great ones nowadays crashed such as Amazon which dropped to $8 dollars. It's now worth over $1,750 each now, thats an increase of over 200x in the last 15 years.
The reason is succeeded was that it was a company that actually had a use for the Net, so invest in coins that have a use for the blockchain and you will be fine.
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You want to diversify, but not too large,
I used to have 40+ stacks of coins, and it became a nightmare to look after and shift anything around, even with portfolio trackers etc,
It also meant that I always got the general downwards movement when BTC shifted, but then only got small increases when one of my 40 coins went on a bull run.
I would say 5-10 coins, 60% of them in the top 20 or so and the other 40% in riskier projects is probably the best.
For example I am currently stocking up on ADA/NEO as my top 20 coins, and then getting involved with ICO such as Videocoin/Bibox/Fcoin for my 40%
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