Important: This position should not be considered as an investment council. The author focuses on the best currency in terms of actual use and acceptance, not from a financial or investment point of view.
In 2017, cryptographic markets set new standards for general profit. Almost every piece or chip has returned incredible. “A rising tide throws all the boats,” as they say, and the end of 2017 was a catastrophe. Price increases have created a positive feedback cycle, attracting more and more capital into crypto. Unfortunately, but inevitably, this dynamic market is leading to a huge investment. Money has been thrown indiscriminately at all kinds of dubious projects, many of which will not bear fruit.
In today’s bearish environment, hype and greed are replaced by a critical appraisal and discretion. Especially for those who have lost money, marketing promises, endless shilling and charismatic rhetoric are no longer enough. Well, the main reason for buying or holding a coin is Paramount again.
Fundamentals of evaluating a cryptocurrency-
There are a number of reasons that tend to overcome hype and price pumps, at least in the long run:
Adoption angle
While the technology of a cryptocurrency or ICO business plan may seem amazing without users, they are just dead projects. It is often forgotten that widespread acceptance is an essential feature of money. In fact, it is estimated that more than 90% of the value of Bitcoin is a function of the number of users.
While the recognition of fiat is granted by the state, the recognition of cryptography is entirely voluntary. Many factors play a role in the decision to accept a coin, but perhaps the most important consideration is the likelihood of others accepting the coin.
Security
Decentralization is essential for the I push model of true cryptocurrency. Apart from decentralization, we are a little closer to a register scheme than a real cryptocurrency. Confidence in individuals or organizations is the problem – trying to solve a cryptocurrency.
If a currency or central regulator can change the record of a broken transaction, it is questioning its fundamental security. The same applies to parts with uncertified code that have not been thoroughly tested for several years. The more you can rely on the code to perform the functions described, regardless of human influence, the greater the security of a currency.
Innovation
Legitimate coins try to improve their technology, but not for security. Real technological advancement is rare because it requires a great deal of skill and wisdom. Although there are always fresh ideas that can be screwed up, if the result is a weakness of the original purpose of a currency or critics think, the point is missed.
Evaluating innovation can be a difficult factor, especially for non-technical users. However, if a currency code is stagnant or does not receive updates that address important issues, it could be a sign that developers are weak about ideas or motivation.
Motivation
The underlying economic incentives of a currency are easy for the average person to realize. If a coin was holding a significant part of a large pre-mine or an ICO (initial part offer) team chip, then it is quite clear that the main inspiration gained. By purchasing what the team offers, you play your game and enrich it. Be sure to provide a real and reliable value in return.
5 cryptocurrencies to buy in 2018
There has never been a better time to reevaluate and balance a cryptographic portfolio. Based on their solid foundation, here are five pieces that I think could be stuck or bought at their current depressing price (which, just caution, could go low).
# 1 Bitcoin (due to its decentralization)
Number one belongs to Bitcoin (BTC), which is the market leader in all segments. Bitcoin has the highest value, the broadest estimation, the highest security (because of the unprecedented energy consumption of bitcoin mining), the most famous brand identity (the thorns have tried to fit), and most developments are active and reasonable. This is by far the only piece that is represented on the American CME and CBOE in the conventional market in the form of Bitcoin Future Trading.
Bitcoin remains the main engine; The performance of all other components is highly correlated with the performance of Bitcoin. My personal expectation is that the gap between Bitcoin and most other parts, if not most, will widen.
There are a number of promising innovations in the Bitcoin pipeline that will soon be installed as an extra layer or soft fork. Examples are flash system (LN), tree, Schnorr signature Mimblewimbleund and many more.
Specifically, we plan to open a new range of applications for Bitcoin, as it allows large-scale, small transactions and instant and secure payments. LN is increasingly stable as users test their various possibilities with real bitcoin. As well as being easy to use, it can be assumed that adopting Bitcoin will greatly benefit it.
# 2. Litecoin (due to its perseverance)
Litecoin (LTC) is a clone of Bitcoin with a different hash algorithm. Although Litecoin is no longer the anonymous technology of Bitcoin, the amazing report shows that the adoption of Litecoin in the dark market is now second, only Bitcoin. Although a currency that is much more suited to me for its role in acquiring illicit goods and services, it probably presents itself as the result of the longevity of Litecoin: it was introduced in late 2011.
Another reason for Litecoin is that it integrates Bitcoin SegWit technology, which means Litecoin is ready for LN. Litecoin could benefit from the exchange of nuclear chains. In other words, secure peer-to-peer trading of currencies without the participation of third parties (i.e. exchanges). Since Litecoin keeps its code largely synchronized with Bitcoin, it is well positioned to benefit from Bitcoin’s technological advances.
# 3. Etherium (due to intelligent contract)
Ethereum (ETH) has some big issues right now. First, governments are cracking down on ICOs, and rightly so: many are either fraudulent or bankrupt. Since most ico Etherium networks operate as an ERC token 20, ICO Mania has brought a lot of value to Etherium in recent years. Ethereum project scams can claim a certain legitimacy as a crowdfunding platform if appropriate rules are adopted to protect investors.
The second major problem Ethereum faces is a new hybrid operation and delayed transfer to the battery detection system. The Ethereum Mining GPU is currently profitable, but Bitmain has just announced the Ethereum ASIC Minor, which could affect the lower line of GPU mining. It remains to be seen whether this will change POW and how successful this change will be.
If Etherium could survive these two major problems নিয়ন্ত্রণ control and mining it would show a great resilience. Otherwise, there are several competing currencies to track its shades like Ethereum Classic (etc), Cardano (ADA) and EOS.
# 4. Monero (due to anonymity)
Although it is not expected to be accepted in the dark market, the I (XMR) PM’s confidentiality remains. Its reputation and market capitalization are still above those of its competitors – and for good reason.
Monero’s code requires less confidence that Zcash was “loyal” to the key event, and had a fair start, unlike Dash. The fact that Monero recently changed its Pow to overcome the development of a smaller ASIC for its algorithm confirms the promise of part of decentralization of mining. The hash rate is a significant drop due to the new version, which is consistently reported against ASIC. This could be an opportunity to get back to me for GPUs and even smaller CPUs. There are other improvements to the new version of Monero, 0.12, which shows that Monero continues to grow on sensitive lines.
# 5. iPRONTO (a decentralized incubation platform)
iPRONTO is an Ethereum chain of incubation platforms dedicated to investors looking for a secure and reliable platform to invest in new ideas and future innovators who can present their ideas and receive feedback from users, from experts in the practice and implementation of emerging ideas. .
The idea of the inventors is supported because the smart contract format will be signed between the NES expert platform and the client if the client’s business concept committee has to test and register on the platform. The concept will not be released to all users on the chain’s universal platform, but only to selected members of the target community who are willing to sign smart agreements to maintain the privacy of the concept.