Reasons I am long on BTC, ETH, EOS + open to new ICOs.

in #bitcoin7 years ago

1.- It’s all about the value. Not only the market value we can see going up and down on the screens every day, but the value the cryptocurrencies bring to the table of the world economy, among them: agile investment opportunities for the 99% and agile crowdfunding opportunities for new companies working on disruptive technologies.

2.- Efficiency, redefined. The well-established cryptocurrencies and the new releases give us a whole new level of interactions, transactions and business models that make things simpler for the 99%. They bring a myriad of solutions that 10 years ago we were not even ready to imagine.

3.- The exponential is king. Less than two decades ago the cost of sequencing a human genome was in the hundreds of millions of dollars, today it is in the hundreds of dollars (soon it will be in the dozens). In the past two years humanity has created more data than in the entire previous history. The list of examples of how exponential technology is changing the world is immense. Blockchain opens the door for exponential solutions across industries, the cryptocurrencies are just the tip of the iceberg, and in the next few years we could be running entire institutions and even entire governments on blockchain (watch Estonia very closely). In this context the cryptocurrencies become more relevant by the hour.

4.- ICOs are the most disruptive fundraising mechanism in the world so far. Yes, we should look for value, strong basis and good teams, but beyond choosing one over the other to invest in, take a moment to think about the fact that by investing in ICOs we are fueling the future: a group of people have a moonshot idea and then the entire crypto community makes it possible, generating new benefits for the community, the economy and the world. It is modern-day alchemy.

Stay strong. Stay creative. Stay united. Stay optimistic. The future is ours!

@cryptotequila

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Photo credit: CPSU.

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the reason Im long is simple.. 8 years total market cap reached $20B in last 6 months $120B thats a 5 X.. but its not over 1 Trillion dollars is coming by end of 2018 and we all will look like geniuses

What ICOs are you thinking? Anyone?

https://steemit.com/clout/@greenbuff/clout-bitcoin-talk-announcement-pre-ico-info

CLOUT is going to disrupt the crypto space as we know it IMO. Look into it yourself. Check my articles on it to get started! "Greenbuff" ref code during PRE-ICO gets you 10% Bonus CLOUT. Let me know what ya think!

ICOs need some regulation though, they are out of hand.

When you want to regulate a decentralised product, you're beating its purpose.. How about instead of regulating stuff, people start doing their own due diligence with ICOs and use critical thinking before rushing into investing their life savings?

I agree as well brother!! Let jesus coin be a thing, sure some idoits will throw money at it...but more people will throw money to open source windmill/solar farms, gardens ect. Its all about research.

Absolutely agree!! Following you already! Thanks for your comment!

There's valid points on both sides of this conversation.

Although everyone is responsible for what they do with their own money and it's not any government's job to protect stupid people who refuse to educate themselves...... there's another point that goes overlooked.

When people get scammed it reflects on all of us. If you own crypto - ultimately you are suffering when scammers come into the industry.

People who were scammed are not shy about broadcasting to the world and to the media and anyone who will listen..... but they never say, "I was stupid and it's my fault." -- they blame the entire industry and this is YOU.

Worse is: people believe them and they stay away from this incredible market. This keeps new people out and old people leaving ---- The market flatlines when there's no new money and none of us make money...

With that said.... If you're opposed to government regulation on crypto it makes you obligated to protect the ignorant people (as unfair as that is). We have to do a better job of self-regulating.

If you know-of an existing scam or one being born... speak out about it. Tell everyone. Write posts about it. Tell the media.

Definitely, we should all help the community differentiate the scams from the real value-adding opportunities!

Bitcoin is here to stay and nobody (including Jamie Dimon) can stop it .... unless something even better comes along.

I think Bitcoin will stay even if there is better technology. Maybe they will use new tech to enhance bitcoin. It has taken so long for bitcoin to hit the crowd and day to day stores that I do not see a new currency taking over. Bitcoin will be king.

Here is a Technical Analysis that portends something better might come along. The Head & Shoulders pattern is very bearish. The fact that the /BCT charts dipslay this for ETH/BTC, DASH/BTC, etc portends a superior reference coin is approaching.

Thank you.

Retarded people, we don't need regulation, you need brains.
-signed: everyone with an IQ above 1

I too am against regulation. But Bitcoin will undergo evolution. Another coin is expected to evolve into a better one.

The most efficient regulation is done by the market itself. When a community comes together to protect its members, it will always be more efficient than a government initiative to do the same. The solution here is organizations like icorating.com. If we create organizations that do the research and what's more, are run by already trustworthy members of the community, we can eliminate fraud much more easily.

Yes that is the dream for sure, the big question always becomes, who are these "trusted" individuals? Especially when a lot of money is involved.

Regulation no. Rewards, punishment and possible elimination through market forces, yes.

Who enforces these things? What is to stop them from "ganging up" on whoever they don't like?

Agreed!

The bad ones are sapping away funds that should be going to the legitimate ones.

I provide free technical analysis for crypto holders and many requests reflect many having been scammed. Many of the youtube personalities take payments to hype the ICOs.....sad.

How has your technical analysis trading worked for you lately? It seems to be that everything is basically trading together these days. It all goes up with BTC and it all goes down with BTC.

Yes, I've often written that Bitcoin is the moon that moves the tides Altcoins swim in. My service is free in that 95% of my posts are from analysis requests made by readers and followers. If you have any you'd like charted, please feel free to let me know. Also, check out my latests video analysis posts.

Lets start with Steem, where is that one going next? I have some coin to plop down, but perhaps I can time my buy better than the last few times.

I also agree as well.
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Does spamming ever really work on here? Srs

I agree thank you for sharing and posting this!

Thank you very much for your comment! I am following you already!

Nice post cryptotequila! I totally agree with you. IT will be great if you share with us your portfolio of cryptos:)

Thank you!! I am following you already! Sure, soon I will share my portfolio!

Going long on crypto is great.
But ICO is different story

I have been looking at Electronium ICO with 50% bonus coins ending in a few hours today? https://my.electroneum.com/join/DDCAFA (my link gets you 1% additional on top)

I did notice they had interest from an investor of Uber and Spotify. I grabbed some minor coins to see where this one rolls so only buy what you are prepared to lose :) If anybody knows anything negative about them let me know! Always good to do your DD here.

Check out CLOUT, it's in on my profile, two articles.

Have a look at my post,

ICO helps me to get more profit than trading. That's all

Muy interesante, gracias por el aporte. Bastante ilustrativo para la realidad actual de las criptomonedas.

Muchas gracias por tu comentario!! Hay muchas oportunidades en este campo, no hay que perder la cabeza cada que fluctúen en el corto plazo los mercados!

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agree mate I'm taking advantage of the market dip and buying what I can afford. There are always going to be fluctuations but they are exacerbated more in the crypto world

And every risk creates an opportunity!! Following you already, mate! Cheers!

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Hi on ICO whats your take for: https://www.plexcoin.tech/?ref=SkfGIhMG1J

Is this actually a good ICO to buy?

Thank you for your post! Let me check it and come back to you with an opinion. Cheers!

Brother I wish I would have been introduced to cryptocurrency a few years ago...but I think we are still in the very early stages of something quite extraordinary and am excited to have jumped in now with BTC. This was a great article - appreciate you sharing. If anyone is interested in BTC you can find out more here. https://bitconnect.co/?ref=clarkwb02
I'm hoping to also get in with ETH. Bright future ahead!

Thank you very much for your comment! Yes, exciting times ahead! Cheers!

Cant overlook OMG 🤑

Today patience was rewarded as bitcoin recovered!! The future is bright indeed!

That is why yesterday I published a post named "DO NOT FEED THE BEARS". Apparently in line with the sentiment of so many people around the world, that today brought the market value up again! Here is the other post. Cheers, @stackin !

https://steemit.com/cryptocurrency/@cryptotequila/do-not-feed-the-bears

Yup, big things ahead for OMG!
Also check out BAT (Basic Attention Token) and FootyCash - both have some really good real-world use cases

Footycash - fantasy sports coin. Have a read more on Footycash here:
https://steemit.com/cryptocurrency/@hearmespeak/footy-cash-the-fantasy-sports-coin-with-masternodes

Thank you for your advice! Cheers!

Absolutely! A field full of opportunities! Thank you for your comment! I am following you already! Cheers!

I'm completely agree. Holding and buying cheap!

Yes, the right thing to do!! And also analysing well upcoming ICOs, I am sure that there will be some nice opportunities ahead, we just need to learn to separate value-adding proposals from just shady ICOs. What exciting times we live in! I am following you already! Cheers!

The trick is to see if ICOs have a real world use case.
If they do - and have GOOD BACKING - then invest.
If they do not - buy OMG :) Only kidding, just exercise due diligence :)

Yes, due diligence is key!! Cheers!

It was worth reading, Thanks for sharing @cryptotequila.

You are so kind, thank you for your comment!! I am following you to read your posts too! Cheers!

Welcome to Steem @steemainfun I have upvoted and sent you a tip Please work upvoted

Thank you very much!! I am following you already! Cheers!

ICOs take the middleman out of fundraising for a new project, its unfortunate that some decide to take advantage of this.

On a side note paying to promote this post is the worst way to get more eyes on it. You are better off to divide that money between @booster, @minnowsupport and similar post promoting services. You may also want to consider renting Steem power for a month $160 would give you around 6000 Steem power for a month. Having steem power lets you give more rewards to users that comment on your post and encourages comments and follows.

Thank you for the tips! I am new to the community and still learning how it works. The only reason I promote my posts is because I want to learn as much as possible from people's comments, and also make new friends along the way! Thanks for the advice! Cheers!

Dude, promoting your post with 150 SBD is burning money ;) Rather invest it in a good voting bot if you wish to pay that much for promotion!

Hello!! Thanks for commenting! Actually I am just learning how steemit works. The reason I have promoted is to learn as much as possible from the community's comments, and making friends along the way. This is a great community and I wish to take part in its exciting conversations and also bringing some of my social and environmental projects to their attention so that maybe new blockchain-based projects may emerge.

I do not know what is a voting bot at all, do you think it really helps for the above-mentioned purposes? I don't want promotion for promotion itself, I want to reach and get to know real, interesting community members. =)

how do you know how they they pay?

This was a good post, thank you and I don't know anything about the Estonia example but now I am curious

Hello, @daveyboys ! How have you been? I think you might find interesting the post I published today. It goes as a follow up of this post you commented here. I am trying to explore a bit more how the crypto community can achieve more transparent ICOs in the near future. I hope you like it. Cheers!

https://steemit.com/ico/@cryptotequila/towards-transparent-and-responsible-icos

Estonian government is doing wonderful improvements on the digital field! You can even become what they call "digital citizen", which gives you advantages to establish a company and a bank account without even having to visit the country. That programme, along with other digital solutions for their residents and citizens, make Estonia a great example. They are even thinking of basing their voting system (their entire elections) on blockchain! So we must really watch the case closely. Cheers! =)

We always have admired Estonia for their progressive thinking! Interesting article! Thank you :)

Thank you!! Yes, it is a very interesting case, one that should be followed very closely by the community interested in blockchain. Following you already! Cheers!

We are following you too of course :)

@peterveronika , I hope you are doing great! As a follow up of this article I published today a post that maybe you could find interesting. It is also about future ICOs, but from the perspective of transparency. It brought to my mind this conversation about Estonia in terms of "what if" institutions worked on similar transparency mechanisms as the ones I am exploring in my new post. Here it is. Cheers!

https://steemit.com/ico/@cryptotequila/towards-transparent-and-responsible-icos

Thank you, We are going to check it out! :)

What is the point of investing in coins other than Bitcoin, if they tend to follow the price movement of bitcoin? Im long on XRP and I noticed this a while ago, hope it ends one of these days and each coin starts to follow their own trend, its quite anoying.

Because a small move in bitcoin can cause a more significant movement in smaller altcoins, giving you chances to profit off the chaos.

Well I guess if you are a short term trader of criptos it can be an oportunity.

Hi, I just upvoted this great post and hoping you could do the same to this post of mine: https://steemit.com/introduceyourself/@glasscannon/hola-steemit-its-nishant-xd
Thanksss!!!!!!!!

Sure I will, thank you!

Yo guys, come over to this post to Upvote for DUF over FUD...
https://steemit.com/duf/@fourflames/let-s-not-use-fud-and-start-using-duf-instead

Cheers! :')

I find your piece enlightening.
Keep up the good work. Will do more study. Thanks.

Thank you so much for your kind comment!! I am following you already! Cheers!

At what point are new ICOs becomes a form of hyperinflation. It seems that there has to be a limit of cryptocurrencies before there is too much supply and not enough demand.

Thank you for your comment!

The biggest cases of hyperinflation recorded have actually occured to normal currencies, backed by central banks, ministres and entire governments.

What in my opinion is interesting about the ICOs is that they fund technologies that can add a lot of value to the market. So I do not see them entirely as a substitute for normal money, but as an interesting way of funding technological improvements. There are thousands of companies listed in the stock exchanges, and no one says that there should be no more because there is not enough demand: the companies make IPOs because they need the funding to grow, quite similarly to the ICOs.

I like to buy shares of companies, and now the ICOs offer me a totally new way to get on board on exciting projects at its initial stages: it only takes one success to bring back the value invested in several ICOs, just as usually it only takes a wonderful increase in value of a stock to bring back what I invested in several companies. For example, the price increase in TSLA made up for the stagnation in the past few months of other stocks. So I am optimistic about the ICOs since we are fueling the future. =)

Exactly! Well said. We are constantly backing up our decisions. It's great to find like-minded individuals! It makes us feel like we're doing it well haha
upvote and cyber high five from us for sure!

Thank you very much!! I am following you already!! Keep in touch! Cheers!

@cryptotequila
First off - upvoted!
Secondly - great post! some solid ideas you come up with.

Regarding you being open to new ICOs, this is not an ICO as such but more of a coin that is launching soon - FootyCash.

Feel free to check out http://footycash.com/ for more information, especially the "Learn More" section in there.

Will be a great tool used for Fantasy Sports betting along with anonymity

Thank you very much for the recommendation, and for your nice comments about my post! Cheers!

Great article. Curious to know what ICOs you are positive on / investing in?

Very nice post on the cryptocurrency and well compare it with past time

Thank you very much for your comment!! I am following you already! Cheers!

Good point of view @cryptotequila but the only one issue with ICO's is the bad reputation cause some scammers on dutty and some accusations of drug money laundering in a few coins, actually i'm trading some crypto's and minning too, keeping mind on "We are creators of our own future"

Yes, due diligence is paramount. We should read well the whitepapers. I believe that wonderful ideas will seek financing through ICOs, and I am very interested in carefully select those that are the most solid and invest there. After all, that is the very essence of exponential possibilities, one moonshot makes it worth the whole investment. I am optimistic about that, but of course very careful, and a thorough reader and analyst in my investment choices. Thank you for your comment! =)

Interesting your post and your definition of value. As far as I understood you mean the innovation potential (which realy seems to be disruptiv at least for funding). But how could you use it for value investing? Do you use just logical reasoning?

Great upbeat quick post. Reading small articles like this really help fire me up and articulate where in the space I can add to this awesome voice we are all making. I look forward to this unified vision we are creating with these technologies.

Thank you for commenting! Indeed you are right! There are so many opportunities ahead! I am following you already, cheers!

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please follow me @ emmanueljacobz

Self promotion could make your reputation a whale snack!

Your Reputation Could be a Tasty Snack with the Wrong Comment!

Thank You! ⚜

So ive join the Kin ICO from KIK, did the math after the fact and it looks like unless it seems the same market cap as bitcoin, I just lit my money on fire. hahah

To you pay @null for your promotion?

The bitcoin

Nailing it here : ) Cryptocurrencies and Decentralization are so radically important and relevant, it's difficult to contextualize in any one article. It's the infinite battle between those with money and power against those who seek freedom from oppression. The pendulum has swung Waaaay to far towards centralized control, and it's so encouraging to see the entrepreneurial spirit of the 99% rise up through crypto. It's literally the best hope for humanity and a sustainable planet. Cheers!

Interesting comment! Indeed it is time for creative responses form the 99%. Exciting times ahead! I am following you now! Cheers!

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