Hey everyone! I'm a US stocks investor that's made my way to the crypto world after a moderate interest in BTC over the years. I've moved some BTC and alts around on exchanges, proselytized to my friends and sold them a few. I'm just now joining your forums. Glad to be with the community!
I'd like to share some thoughts I have had on some alts and if you have any input or criticisms please share? Thanks.
BTC - What to say that hasn't been said? Recent BCC(h) price surge makes me wonder if there's truly room for a BTC hard fork. Aug. 1 didn't dampen the value. I worry philosophical debates about what BTC is supposed to be will damage its penetration to users and its price in the future. Years ago it was billed as a digital currency by many. I'm starting to feel it's more appropriate to call it a digital "store of value", partially due to network Tx costs.
ETH - This is the most compelling ALT to me as well as one of the more speculative ones. It appears to have a large investment base and a growing developer base and adoption rates seem to be increasing week over week by exchanges, developers, speculative traders and users. I don't see some of its features that it advertises (smart contracts namely) as having being implemented and in widespread usage yet, but perhaps these will come with time and upgraded codebases. Given the channels it has traded in within the past two months it seems like the price right now is a decent buy price for long term investing, albeit a little high. The offering of ERC20 tokens on the network could be very useful in the future as a development feature, but for the time being it's allowing the market to flood with crap. One to watch for sure, but I hope the platform matures to deal with these unforseen problems.
LTC - LTC was my first alt that I watched closely and whose market I really tried to understand. It seems like it tracks BTC's value closely and so in that way, the market expects use cases and investment revenue for each of these to be along similar paths. What makes me uncertain about LTC is that many of the problems that it solves relative to BTC are problems that exist as a function of the userbase of the currency and the price, and so as LTC grows, its differentiation from BTC wanes. Does LTC add to the overall market cap of BTC's market, or as a competitor, does it seep capital away from BTC? These are questions to which I'm still looking for answers. The developers and mining community seem to be more harmonious than BTC and I imagine that's good for the price over time.
IOTA - This one is fascinating and its use cases and technology offer solutions to problems that BTC can't solve as easily. It's not easily tradeable yet and I imagine this is keeping the price pretty low. I'm watching it closely. (EDIT) Its the 5th largest crypto by marketcap via flippening.watch, but I don't see it as having a large user base. I worry all this value is speculative value and could evaporate very easily. No idea
DASH - Appears to be a very well structured DAO technology that attempts to solve capital liquidity problems in ways BTC and other ALTs have yet to approach. The price jump the past few days has been awesome to watch. She's on my bucket list.
ZEC - Lead Zooko Wilcox has a documented comp.sci background. The technology and hashing algorithms it uses to implement transaction obfuscation are very valuable. If it competes with anything it would be DASH, but I need to do more research to determine how similar/different they are from each other.
TLDR of my opinions: Does it have its own blockchain or blockchain-style technology? Does it solve problems others do not? Are there whitepapers available for its tech? If so, then look into it.
Thanks for reading!