Best Altcoin to invest in for 2016 and WHY

[xdrzrex]

yes - nem / xem
https://poloniex.com/exchange#btc_xem

[starmman]

yes - nem / xem
https://poloniex.com/exchange#btc_xem

Thanks for that, I wasn't entirely sure. I'll first do a little bit of research into the coin and then decide whether I want to get involved with it or not!

[altseeker]

NEM has achieved crosschain transactions, that says alot.
 

No doubt NEM is one of the best altcoin to invest this year.

I didn't look into NEM yet - there are a lot of people talking about it - so probably one to start taking a look at. Is the code for NEM 'XEM', on Poloniex or is that another coin?

The name is NEM while the ticker symbol is XEM it's not another coin.

[maissyandarista]

I'm still in Primecoin XPM, CryptoBullion CBX, and Horizon HZ for longterm. Those have solid reputation and a good base for growth.

[natall.com]

digitalnote
very good price now(i bough at 28 satoshi avarage), it is very likely to get pumped 3x to 10x (at least to the market cap of shadowcash). Here is the reasons
-They will implement Proof of Activity.
-full anonymity, both for sending messages and money.
-good wallet.
-the currency has already improved a lot.
-very low inflation.

It is already used a lot in the real world http://www.ibtimes.co.uk/dissidents-turn-bitcoin-like-cryptocurrency-communicate-free-state-surveillance-1511185

[Leonard2016]

i choose Litecoin as a new coin for this month and the following at least.

it is an sleeping giant and it is sleeping right now so you should get in before it is too late before the confidential transaction is implemented and LTC pushes all XMR,... coins aside and replaces them all.

[starmman]

digitalnote
very good price now(i bough at 28 satoshi avarage), it is very likely to get pumped 3x to 10x (at least to the market cap of shadowcash). Here is the reasons
-They will implement Proof of Activity.
-full anonymity, both for sending messages and money.
-good wallet.
-the currency has already improved a lot.
-very low inflation.

It is already used a lot in the real world http://www.ibtimes.co.uk/dissidents-turn-bitcoin-like-cryptocurrency-communicate-free-state-surveillance-1511185

I just started trading XDN before it inflated so much, didn't have a store built up at that point and all my sells completed - so I'm out of the market at the minute unless the price drops by a long margin. Don't really want to mine any as I'm mining XMR and XMG at the minute.

[natall.com]

digitalnote
very good price now(i bough at 28 satoshi avarage), it is very likely to get pumped 3x to 10x (at least to the market cap of shadowcash). Here is the reasons
-They will implement Proof of Activity.
-full anonymity, both for sending messages and money.
-good wallet.
-the currency has already improved a lot.
-very low inflation.

It is already used a lot in the real world http://www.ibtimes.co.uk/dissidents-turn-bitcoin-like-cryptocurrency-communicate-free-state-surveillance-1511185

I just started trading XDN before it inflated so much, didn't have a store built up at that point and all my sells completed - so I'm out of the market at the minute unless the price drops by a long margin.

The XDN price might be higher than previously but it is still low historically http://coinmarketcap.com/currencies/darknote/ currently 7.8 million XDN can be bought at 28 satoshi each which is an excillent price, the upportunity is unlikely to last long since the price has started to increase again.

Considering how much the shitcoin BBR got pumped we are likely to see at least 3X increase with digitalnote eventually. Dont sell too early.

[scintilla]

VERIUM will be nice to be invested, not those crypto notes hyped coins.

[poloniexwhale]

I was pretty critical, but I have to admit, I'm more and more convinced the more I learn about it:


Lykke - decentralized marketplace for all kinds of assets built on the Bitcoin blockchain.



What is so interesting about it?

1. They've already delivered, which is very unusual in the Crypto-Space in my opinion. ;-)

It's a very well working system. Usually I don't like Smartphone-Apps but I would recommend everyone to try out this one:


https://lykke.com/lykkewallet/#1


It's very well thought-out and user-friendly. Best is: Fee is 0% and it seems it will stay there.

**********************


2. The team: https://lykke.com/leadership.php

The CEO of Lykke is Richard Olsen, co-founder of Oanda which can be seen more as just an indication for expertise. The more I read about Lykke the more I believe it could become even bigger than Oanda because the plan is obviously to combine the best out of both worlds and they seem to know how to do it.  

And what I really like is his vision in general. I found a very interesting speech of him:


The power of the small world phenomenon | Richard Olsen | TEDxZurich
https://www.youtube.com/watch?v=bKzjwV_N68I


But also the rest of the team is very interesting. Just for example:

Lykke cofounder Sergey Ivliev is Named Best Risk Manager in Russia and CIS

And, everybody knows this man: Bitcoin Legend Nick Szabo Joins Lykke Advisory Board
 


**********************

3. The Roadmap:
  

• Margin trading (Q4 2016)
• Regulated retail FX (Q4 2016)
• Offchain settlement scalable to 100’000+ transactions per second (Q4 2016)
• Ethereum support: multisig wallets, interblockchain atomic swaps (Q1 2017)
• Payment system provider (Q2 2017)
• Regulated institutional FX (Q3 2017)
• Fixed income products, commodities (Q3 2017)
• 1 billion USD average daily volume (Q4 2017)

https://bitcointalk.org/index.php?topic=1402110.msg16274789#msg16274789


**********************



And a little hint: Because they currently do an ICO with the option to get the money back, it's possible to trade Bitcoin against LKK while LKK is at a fixed price - at least for the next 20 days. With the current Bitcoin-market-situation it may not make much sense and I personally burned my fingers with that a little bit, because I expected Bitcoin to rise and it dropped, but it's a great way to try out their App. Thing is: Nobody needs to buy into the ICO to use it as wallet and even better: As a decentralized exchange. It's rare to find something that is useful for those who just want that and for potential Investors - everybody has to make his own decision.

**********************


ICO and market-situation:



For those who think about buying into the ICO: LKK is not really just a coin, it's a share (100 LKK = 1 share) of the company. The valuation is already pretty high, about $66 M, because they had funding rounds prior to the ICO. It seems as if they go step by step into the public.

I'm not so sure that LKK will hold it's value after the market takes over. But at the same time it might be possible that it even could shoot up, because they already have delivered what other projects like Waves and Heat just have promised until now.


But: The market situation in short-term might be pretty much unpredictable, but especially if it should go down in value after the market takes over it's a buy in my opinion. I'm not sure yet if I will buy into the ICO or hope that I'll get it cheaper right after, but because LKK will be traded on their own exchange the market situation will be different. It's unlikely that those who funded the project in it's very early days will just dump it. 

And what is also interesting about it: For me it seems as if they still don't hype it while they surely would be able to do that. Nothing indicates a lack of funding to do big marketing or a lack of ability to do so. My first impression was that it's late to buy in but that could be wrong, depending on their marketing-strategy for the next weeks and months and possible media-echo and they already got some, but interesting is:

It wasn't much focused on Crypto which might be a reason why Lykke doesn't get much attention yet from us crypto-folks:

Richard Olsen of OANDA fame on his new startup Lykke – LeapRate Interview
https://www.leaprate.com/2015/09/richard-olsen-of-oanda-fame-on-his-new-startup-lykke-leaprate-interview/

OANDA’s Richard Olsen Launches Lykke Wallet for iOS Devices
http://www.financemagnates.com/cryptocurrency/exchange/oandas-richard-olsen-launches-lykke-wallet-for-ios-devices/

Swiss Startup Lykke Seeks To Disrupt The Retail Trading Market With Blockchain Tech
http://fintechnews.ch/blockchain_bitcoin/swiss-startup-lykke-seeks-disrupt-retail-trading-market-blockchain-tech/2060/



**********************

My personal conclusion: LKK is something to keep an eye on, and Lykke as decentralized exchange is definitely something that is useful which becomes clear   trying out their App.

Richard Olsen, co-founder of Oanda, nice, lykke is under my radar now. Thanks a lot.

[hisuka]

I recommend litecoin, eth and dogecoin.
As what you can see they are still active
in the market.

[starmman]

I recommend litecoin, eth and dogecoin.
As what you can see they are still active
in the market.

I need  to start trading ETH again, I somehow got myself out of the market a long time ago. Have some orders on LTC and doing really well on DOGE. Think DOGE will drop soon before a large pump. I guess we will see where the markets take us =) I also started buying IXC as its pretty under valued right now and think its nice to support the second oldest Alt coin.

[tempus]

I was pretty critical, but I have to admit, I'm more and more convinced the more I learn about it:


Lykke - decentralized marketplace for all kinds of assets built on the Bitcoin blockchain.



What is so interesting about it?

1. They've already delivered, which is very unusual in the Crypto-Space in my opinion. ;-)

It's a very well working system. Usually I don't like Smartphone-Apps but I would recommend everyone to try out this one:


https://lykke.com/lykkewallet/#1


It's very well thought-out and user-friendly. Best is: Fee is 0% and it seems it will stay there.

**********************


2. The team: https://lykke.com/leadership.php

The CEO of Lykke is Richard Olsen, co-founder of Oanda which can be seen more as just an indication for expertise. The more I read about Lykke the more I believe it could become even bigger than Oanda because the plan is obviously to combine the best out of both worlds and they seem to know how to do it.  

And what I really like is his vision in general. I found a very interesting speech of him:


The power of the small world phenomenon | Richard Olsen | TEDxZurich
https://www.youtube.com/watch?v=bKzjwV_N68I


But also the rest of the team is very interesting. Just for example:

Lykke cofounder Sergey Ivliev is Named Best Risk Manager in Russia and CIS

And, everybody knows this man: Bitcoin Legend Nick Szabo Joins Lykke Advisory Board
 


**********************

3. The Roadmap:
  

• Margin trading (Q4 2016)
• Regulated retail FX (Q4 2016)
• Offchain settlement scalable to 100’000+ transactions per second (Q4 2016)
• Ethereum support: multisig wallets, interblockchain atomic swaps (Q1 2017)
• Payment system provider (Q2 2017)
• Regulated institutional FX (Q3 2017)
• Fixed income products, commodities (Q3 2017)
• 1 billion USD average daily volume (Q4 2017)

https://bitcointalk.org/index.php?topic=1402110.msg16274789#msg16274789


**********************



And a little hint: Because they currently do an ICO with the option to get the money back, it's possible to trade Bitcoin against LKK while LKK is at a fixed price - at least for the next 20 days. With the current Bitcoin-market-situation it may not make much sense and I personally burned my fingers with that a little bit, because I expected Bitcoin to rise and it dropped, but it's a great way to try out their App. Thing is: Nobody needs to buy into the ICO to use it as wallet and even better: As a decentralized exchange. It's rare to find something that is useful for those who just want that and for potential Investors - everybody has to make his own decision.

**********************


ICO and market-situation:



For those who think about buying into the ICO: LKK is not really just a coin, it's a share (100 LKK = 1 share) of the company. The valuation is already pretty high, about $66 M, because they had funding rounds prior to the ICO. It seems as if they go step by step into the public.

I'm not so sure that LKK will hold it's value after the market takes over. But at the same time it might be possible that it even could shoot up, because they already have delivered what other projects like Waves and Heat just have promised until now.


But: The market situation in short-term might be pretty much unpredictable, but especially if it should go down in value after the market takes over it's a buy in my opinion. I'm not sure yet if I will buy into the ICO or hope that I'll get it cheaper right after, but because LKK will be traded on their own exchange the market situation will be different. It's unlikely that those who funded the project in it's very early days will just dump it.  

And what is also interesting about it: For me it seems as if they still don't hype it while they surely would be able to do that. Nothing indicates a lack of funding to do big marketing or a lack of ability to do so. My first impression was that it's late to buy in but that could be wrong, depending on their marketing-strategy for the next weeks and months and possible media-echo and they already got some, but interesting is:

It wasn't much focused on Crypto which might be a reason why Lykke doesn't get much attention yet from us crypto-folks:

Richard Olsen of OANDA fame on his new startup Lykke – LeapRate Interview
https://www.leaprate.com/2015/09/richard-olsen-of-oanda-fame-on-his-new-startup-lykke-leaprate-interview/

OANDA’s Richard Olsen Launches Lykke Wallet for iOS Devices
http://www.financemagnates.com/cryptocurrency/exchange/oandas-richard-olsen-launches-lykke-wallet-for-ios-devices/

Swiss Startup Lykke Seeks To Disrupt The Retail Trading Market With Blockchain Tech
http://fintechnews.ch/blockchain_bitcoin/swiss-startup-lykke-seeks-disrupt-retail-trading-market-blockchain-tech/2060/



**********************

My personal conclusion: LKK is something to keep an eye on, and Lykke as decentralized exchange is definitely something that is useful which becomes clear   trying out their App.

Richard Olsen, co-founder of Oanda, nice, lykke is under my radar now. Thanks a lot.

This is a really great video/interview with him where he explains Lykke:

The Future Of Currency
Lykke Wallet is the new project from Oanda. Built using Blockchain technology, it could revolutionise currency and how we pay for things, Richard Olsen, CEO and Founder, Lykke.
https://www.youtube.com/watch?v=WmZBtKL7ZcM


The first question is about Oanda and what I didn't know is: He left already in 2012 to start Lykke. What I find interesting is: In opposite to most projects we know in Crypto Lykke was planned and designed and developed a long time before they started to make their first steps into the public. I had a lot of questions and also concerns about it and wrote a mail to the core-team. Richard Olsen himself replied and we even talked on phone. He really has a plan for this and there are a lot of things to come. Btw, he allowed me to quote his mail, which can be found here:

https://bitcointalk.org/index.php?topic=1402110.msg16332757#msg16332757



And kind of funny is: They do not that much marketing until now, but whoever starts to do a little bit more research will find a lot of informations that are more than just little hints. Just for example:

This is also something that can give an impression about the potential of this project:







And just btw:

Would be good if this Account would get more followers and retweets: https://twitter.com/LykkeCity

Just found something interesting:

Above can be seen that Richard Olsen was on the IATA-conference. What is IATA?

It's the International Air Transport Association
https://en.wikipedia.org/wiki/International_Air_Transport_Association


And there is an interesting tweet:

IATA shared an inspirational idea at #WFS2016 - IATA digital coin. Lykke is proud to have had a chance to contribute
https://twitter.com/LykkeCity/status/779223316452167680

Including this video:

IATA Digital Coin
https://www.youtube.com/watch?v=Kip-uUa6h6o

Who published that video? Lykke.


What will this Digital Coin be about? In short: To make money-transfer easier, more secure, faster etc.

There is also a PDF about the IATA-conference:

World Financial Symposium - Supporting Sustained Airline Financial Health
https://www.iata.org/events/Documents/wfs16-program.pdf



Just two quotes:


17:10 – 17:20
Industry cryptocurrency
See the proof of concept comparing international wire transfers and blockchain payments around the world. Could this technology enable the creation of an industrial currency such as the “IATA Coin”? What would be the advantages and what would be the limits? Can this be the payment of the future?


Right after:

17:20 – 17:45
Panel discussion:
FinTech - Impact on the CFO and the finance team
What is the finance department looking like in the future? what is their role, or they still needed, what skills are needed in the new Fintech organization. With the help of Fintech, can we turn the finance department into a profit center focusing on decision support and strategic partnership.
Moderator:
∗ Tim Grosser, Head of Digital Transformation, IATA Panelists:
∗ Gautam Jain, Global Head, Digitisation & Client Access, Transaction Banking, Standard Chartered Bank
∗ Marcel Koppes, VP Airlines & Travel, Adyen
∗ Natasha Lala, Managing Director Solutions for
Business, Oanda
∗ Richard Olsen, Professor, Zurich University and founder of Lykke



************
With other words: Connections are already obvious. That's not a guess anymore. Will this IATA-Coin come? Most likely it's already in development or even finished. I doubt that there would be a first PR-video if it's just about an idea. Will that Coin launch on Poloniex or any other crypto-exchange we know? They obviously call it "Industry cryptocurrency". It's safe to say "no". Will it be on Lykke - I believe the chance is high.


And that shows a lot of the potential of this project. Crypto won't stay in the Poloniex-world. And Lykke, as a platform that is easy to use, secure and like a bridge between both-worlds could very well be one of a few platforms that already have a foot in the door. All of the above is much more than just a little hint.

[dadon]

Shadowcash It is now the top POS anon coin and for good reason.

No Premine No Instamine No IPO No ICO ,all driven by donations(few)



https://shadowproject.io/en

https://umbra.shadowproject.io

https://www.cryptocoinsnews.com/illuminating-shadow-cash/

https://decentralize.today/privacy-within-the-umbra-83ecdba2f51#.92caow32w

http://insidebitcoins.com/news/shadowcash-a-peer-inside-an-anonymous-cryptocurrency/32825

https://www.deepdotweb.com/2015/01/28/shadowcash-zero-knowledge-anonymity/

http://motherboard.vice.com/read/the-race-for-the-first-decentralised-silk-road-is-on

there are a lot of lies going around  about SDC please do your own research.
Yes we had a bug and it was fixed promptly but transactions were still protected by shadowcash’s stealth addresses
I have been with project for 2 years and personally donated to them i would not do so if i did not trust them.

the lead developer Rhyno even revealed his identity in full

https://www.cryptocoinsnews.com/shadowcoin-lead-developer-rynomster-shadows/

https://www.youtube.com/watch?v=YUuk3W4tSzo interview with rhino.

The team are very real, very loyal to their community and have a great vision that they pursue with a fierce passion.
If there is anything i have learnt from spending over 2 years with this community.
Its that the team take users security and privacy very seriously and are generally pissed off about the Orwellian society that we are quickly becoming as am I.
I know when the Bug was found in shadowcash it was a real kick in the guts to them and they felt like they had let us all down, that shows they actually care about the community.
this isn’t about money for them thats why for 2 years they have developed with almost no funding, SDC had no IPO/ICOs Premine Instamine the dev hold little coins and thats a fact.
they do this because they believe in it and thats why i stick with them for so long.

Our new GUI 2.0 with end to end encrypted chat/group chat soon decentralised market much more.

[Solero]

There is an ICO for Darksilk: https://silknetwork.org/darksilk/ico or icocountdown.com. There is a 37,7% return of investment (ROI) on using stormnodes. I would definately recommend!

[ElpadroBitcoin]

There is an ICO for Darksilk: https://silknetwork.org/darksilk/ico or icocountdown.com. There is a 37,7% return of investment (ROI) on using stormnodes. I would definately recommend!

Its a one we can try but I do still not really trust it to be honest, there is a chance it will be successful but the time will lean us this for sure.

[Johnny00]

There is an ICO for Darksilk: https://silknetwork.org/darksilk/ico or icocountdown.com. There is a 37,7% return of investment (ROI) on using stormnodes. I would definately recommend!

Its a one we can try but I do still not really trust it to be honest, there is a chance it will be successful but the time will lean us this for sure.

Why don't you trust it?

[sidhujag]

There is an ICO for Darksilk: https://silknetwork.org/darksilk/ico or icocountdown.com. There is a 37,7% return of investment (ROI) on using stormnodes. I would definately recommend!

Its a one we can try but I do still not really trust it to be honest, there is a chance it will be successful but the time will lean us this for sure.

Why don't you trust it?

for one the whitepaper is totally just copy and paste... id ont see any innovation there.. they will copy syscoin decentralized marketplace but dont actually say how they will use it... im highly skeptical of it

[starmman]

There is an ICO for Darksilk: https://silknetwork.org/darksilk/ico or icocountdown.com. There is a 37,7% return of investment (ROI) on using stormnodes. I would definately recommend!

Its a one we can try but I do still not really trust it to be honest, there is a chance it will be successful but the time will lean us this for sure.

Why don't you trust it?

for one the whitepaper is totally just copy and paste... id ont see any innovation there.. they will copy syscoin decentralized marketplace but dont actually say how they will use it... im highly skeptical of it

37.7% ROI sounds like in-built hyperinflation too - I can foresee a massive devaluation on that coin - especially if it also has PoW (didn't check that), only Ponzi's usually offer those kind of rates. Sounds like a big risk to me. I'm not even going to look into it in more detail.

[Gemniet]

There is an ICO for Darksilk: https://silknetwork.org/darksilk/ico or icocountdown.com. There is a 37,7% return of investment (ROI) on using stormnodes. I would definately recommend!

Its a one we can try but I do still not really trust it to be honest, there is a chance it will be successful but the time will lean us this for sure.

Why don't you trust it?

for one the whitepaper is totally just copy and paste... id ont see any innovation there.. they will copy syscoin decentralized marketplace but dont actually say how they will use it... im highly skeptical of it

37.7% ROI sounds like in-built hyperinflation too - I can foresee a massive devaluation on that coin - especially if it also has PoW (didn't check that), only Ponzi's usually offer those kind of rates. Sounds like a big risk to me. I'm not even going to look into it in more detail.

That is right. Most the PoS coins are dropping in value most of the time. It is a losing game for holders.