powergear
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June 12, 2017, 10:36:45 PM |
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Did you look at Bata?
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powergear
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June 12, 2017, 11:44:31 PM |
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I found it.
My approach to cryptocurrencies is similar to seed investing in startups. I create portfolio of 10 - 20 cryptos, and I expect most of them to fail. But hopefully one or two will become the next big thing, and make it all worthwhile. Also I am investing only money I am 100% ready to lose, in fact I regard all my money in cryptos as lost already. Any better outcome is just pleasant surprise.
Steps
First I have to strongly believe that whole industry (cryptocurrencies) is disruptive and is here to stay and take over. And that belief must come from understanding, not blind wishes. For that, some studying is necessary - I read BTC whitepaper and Whitepaper of every cryptocurrency from TOP 10 by market cap to develop a strong base knowledge of the industry. I ask questions on reddit, etc. I stay clear from spam Facebook groups full of hyped up people talking about random price fluctuations. Then I start researching cryptocurrency by cryptocurrency. I quickly skim through the webpage. If I do not understand the key value proposition of the cryptocurrency, I write it off. I like to understand what I am buying, and there is lot of bullshit out there, with very unclear (if any) value proposition (usually anything regarding social media is bullshit). If I understand and like the value proposition of a coin or token, I am going to see under which blockchain is it build. Most of them are build under Ethereum. So I ask myself - does it make sense to invest in this coin? Isn’t it better to invest directly into Ethereum? How are they correlated? If I see the coin is priced pretty low (comparing market cap), I might go directly for the coin. If it already went up couple of hundreds or thousands of %, I might as well invest directly into ETH. When I decide the price is right, I am going to dig deeper - reading whitepaper, reddit boards (sometimes you find pearls like this ). I ask some hard questions -Is it inflationary and how much? Is it valuable for this project to use blockchain? Most of the services could just as well use SQL database and it wouldn’t matter. I beware of same old business disguising itself as disruptive blockchain tech. There are plenty of them. I pay special attention to team - who are these guys? How experienced are they? Are they fully committed or is this just a sidekick project? Especially - who are developers and how many of them is there? If I see 7 founders, and only 1–2 are devs (the rest usually being “marketing, community management, finance, sales, visionary…”) I run away. If the coin passes all these filters, I am going to close my eyes and buy for couple of bucks. I always only buy for as much as I can lose. I am not going to daytrade, stare into charts or panic sell. I am going to let it lie for 1–5 years, occasionally watching and reading the news about project. I also set up some sell limit order for 1/3 - 1/2 of the investment for 300% - 600% to secure a profit and freeroll if it spikes suddenly (which happens a lot here), depends on the coin and my faith in it. If you made it here, I will reward you with one coin I like. Warning! I do not recommend anything to anyone, this purely me saying what I like. If I said I like jumping into volcano, you surely wouldn’t jump there.
So here it is, I like and trust TRST: Trusted Lending Circles powered by Blockchain
I like the proposition - it is simple yet valuable, it tackles real problem and disrupts rusty and dusty industry.
I like the team - people from Google, EY, etc. They seem like they are in for realz, and not just for quick scam bucks.
I like the price - it still haven’t been pumped crazy high, like many other good coins, and the cap is pretty low too, so I hope there is room for big growth.
I like the project roadmap - it says that there will be many releases throughout 2017, so it will grab more attention soon. Or it will be pretty clear it failed to deliver soon (no need to wait for 5 years with this one!)
I like the fact it’s not traded on many exchanges - that means, it is still pretty undiscovered by many hype traders…and when it will be supported by more exchanges, the price can grow significantly.
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powergear
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June 13, 2017, 12:34:58 AM |
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powergear
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June 13, 2017, 02:38:37 AM |
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Johnny00 (OP)
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June 13, 2017, 03:15:38 AM |
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thanks i'll take a look at TRST
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powergear
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June 13, 2017, 03:18:45 AM |
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Have you heard about Bitconnect and lending ?
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Chloroplaste
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June 13, 2017, 06:14:14 AM |
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I found it.
My approach to cryptocurrencies ... the price can grow significantly.
@powergear Out of curiosity, can you share your current positions. At least in which alts you have confidence ?
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n3rd
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June 13, 2017, 09:57:02 AM |
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Hi Johnny, thanks for all the info, after doing some research i decided to follow you on some coins.
Just a small tip, it would be very useful if you mention the date near your portfolio in your first post when you update the portfolio. Thanks and good luck
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powergear
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June 13, 2017, 12:43:15 PM Last edit: June 13, 2017, 12:53:43 PM by powergear |
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I found it.
My approach to cryptocurrencies ... the price can grow significantly.
@powergear Out of curiosity, can you share your current positions. At least in which alts you have confidence ? I have in descending value order Ripple, Waves, Ubiq, BitBay,Shift, LBRY Credits, Komodo, Lisk, Sia,Spectre, Xaur, Zcl, Ark,Verge,Block,Amp,Xdn,Golem,Xlm, DBG, Wings, Darcrus, Trst,Aragon ,Ardor, Edgeless,Burst,Spreadcoin,Rlc,Lunyr,Humaniq,Zen, Wager(ico) and aeternity ico. Most money make me Waves, Ubiq,Shift, LBRY Credits, Komodo, Lisk, Sia,Spectre. Ripple im planning to sell soon.
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Chloroplaste
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June 13, 2017, 01:08:06 PM |
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I have in descending value order Ripple, Waves, Ubiq, BitBay,Shift, LBRY Credits, Komodo, Lisk, Sia,Spectre, Xaur, Zcl, Ark,Verge,Block,Amp,Xdn,Golem,Xlm, DBG, Wings, Darcrus, Trst,Aragon ,Ardor, Edgeless,Burst,Spreadcoin,Rlc,Lunyr,Humaniq,Zen, Wager(ico) and aeternity ico. Most money make me Waves, Ubiq,Shift, LBRY Credits, Komodo, Lisk, Sia,Spectre. Ripple im planning to sell soon.
It's quite diversified to say the least. I'm always holding between 10 and 15 alts at the same time. Not for short term. I recently cash out all my initial investment, so from now on, only trade with my wins and zero risk.
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powergear
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June 13, 2017, 02:33:56 PM |
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Johnny made x14 on his investment. About 21k$ to 290k$. Now if he make again 14x on that 290k$ it will be above 4 mln$
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NavySeals
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June 13, 2017, 02:57:58 PM |
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Johnny made x14 on his investment. About 21k$ to 290k$. Now if he make again 14x on that 290k$ it will be above 4 mln$
How did you understand this? I mean I only see its portfolio in the first page but is it possible to see the history. There are tons of messages. I couldn't find what I'm looking for. Anyway, the improvement is huge John. Congrats.
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powergear
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June 13, 2017, 03:06:14 PM |
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Johnny made x14 on his investment. About 21k$ to 290k$. Now if he make again 14x on that 290k$ it will be above 4 mln$
How did you understand this? I mean I only see its portfolio in the first page but is it possible to see the history. There are tons of messages. I couldn't find what I'm looking for. Anyway, the improvement is huge John. Congrats. He started with 16 BTC in March.
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powergear
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June 13, 2017, 03:14:43 PM |
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It will be more clearly when you write in $ too, cause BTC value raised 2x in 2 months.
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krypt0n1
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🔵 Brickblock.io - Future of Stock Trading
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June 13, 2017, 03:24:47 PM |
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Johnny made x14 on his investment. About 21k$ to 290k$. Now if he make again 14x on that 290k$ it will be above 4 mln$
How did you understand this? I mean I only see its portfolio in the first page but is it possible to see the history. There are tons of messages. I couldn't find what I'm looking for. Anyway, the improvement is huge John. Congrats. What might be confusing is if you are using his first post in this thread as the benchmark. He's actually gone through and edited that initial post along the way as updates occur. You can go through the first several pages where people quote his original message to see what it actually was before all the updates.
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Johnny00 (OP)
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June 13, 2017, 04:31:12 PM |
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I'm selling the rest of my ZEN for 8 BTC.
Are you buying anything interesting with the 8 BTC? I might just cash it out to fiat for now. Treading water with BTC and alts, seems they cant decide, pump more or dump. updated OP with portfolio details Maybe some ICO's? Looking into some. Wagerr I'm in. Ill do Bancorp. Sonm. What do you like Status can be good. But I can't find a bitcointalk threat of it. they are selling a lot of tokens. i don't like it. and that only represents 41% of outstanding. 10% going to previous investors. some red flags. I' not sure good can come from an ICO advertised on blockfolio... Oversubscribed or overhyped? One I'm looking forward to is omisego on 26th June. yes i really like Omise Go as well. thanks for posting
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Johnny00 (OP)
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June 13, 2017, 06:39:35 PM |
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Have you heard about Bitconnect and lending ?
no i haven't just too many to go through, i have been busy at work so can't go through all. It will be more clearly when you write in $ too, cause BTC value raised 2x in 2 months.
okay I'll write dollars but in canadian, LOL Johnny made x14 on his investment. About 21k$ to 290k$. Now if he make again 14x on that 290k$ it will be above 4 mln$
here's hoping, LOL I have in descending value order Ripple, Waves, Ubiq, BitBay,Shift, LBRY Credits, Komodo, Lisk, Sia,Spectre, Xaur, Zcl, Ark,Verge,Block,Amp,Xdn,Golem,Xlm, DBG, Wings, Darcrus, Trst,Aragon ,Ardor, Edgeless,Burst,Spreadcoin,Rlc,Lunyr,Humaniq,Zen, Wager(ico) and aeternity ico. Most money make me Waves, Ubiq,Shift, LBRY Credits, Komodo, Lisk, Sia,Spectre. Ripple im planning to sell soon.
wow yes that is a lot of coins. It's quite diversified to say the least. I'm always holding between 10 and 15 alts at the same time. Not for short term. I recently cash out all my initial investment, so from now on, only trade with my wins and zero risk.
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powergear
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June 14, 2017, 02:19:26 AM |
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Johnny00 (OP)
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June 14, 2017, 04:20:33 AM |
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how is that possible? that is quite ridiculous and borderline ponzi scheme then. When someone promises outrageous returns then it's usually fake. appreciate you bringing different projects. I'm looking at DCORP and Onplace
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