Introduction
In my previous posts (Part 1 , Part 2, Part 3) , I have suggested a taxonomy for cryptocurrencies. I have classified cryptos into the following main types:
1- Currencies.
2- Platforms.
3- Asset-Backed.
4- Infrastructure.
5- Equity, Share, Power.
6- Applications.
7- Scams.
In this article, I would like to use this classification to determine which type of cryptos is best suited to flourish in 2018/2019. Based on that, I am going to allocate most of my investment money to that type. Needless to say that this is not a financial advice. I am only sharing my thoughts. Please, do your own research.
And The Winner Is... Platforms!
I think that the best type of cryptos for investment in 2018/2019 is Platforms. The whole world wants to benefit from the blockchain technology. Even those countries that have banned Bitcoin and crypto exchanges like China are interested in the blockchain technology.
Yet, it is not practical for every party (public or private) to develop its own blockchain. Therefore, the best solution would be to use platforms that provide ready solutions. Therefore, I expect platforms to attract more interest and attention than all other types.
Top Platforms
So, in which platform should I invest? The answer is: I don't know! It is very difficult to predict which project would be the most successful. In fact, I don't think that we will have only one successful platform. Each platform has its pros and cons. Therefore, I think that the best thing to do is to distribute my money among the top projects.
The following are top platforms I am following:
1- Ethereum.
2- EOS.
3- Waves Platform.
4- NEO.
5- NEM.
6- Cardano.
7- Stellar.
8- Icon.
9- Lisk.
10- Stratis.
IOTA has recently announced the Qubic Project. They did not reveal much about it, but based on the little info they gave, it seems that IOTA will soon be a competitor in the platforms arena too.
And The Second Place Goes To... Currencies
The second best type to invest in would be Currencies. The world is moving towards adopting crypto currencies. People are losing trust in fiat and they need an alternative. Cryptos are the best solution.
However, there are many obstacles ahead of Bitcoin and its siblings before mass adoption. The most difficult ones are the legal and technical obstacles. Governments are trying to fight the adoption of Bitcoin. Harder regulations are being enforced every day and everywhere.
Moreover, crypto currencies are not technically ready for such mass adoption. The most obvious problems are scalability, fees, and UI/UX. Of course, developers are working on those problems, and I am sure they will be able to find good solutions for them. However, these solutions need time. That's why I placed Currencies at the second place. I shall invest some part of my money to those types.
What About The Rest Of The Crypto Types?
I would not invest much in the rest of the cryptocurrencies. Applications depend on platforms. Therefore, they will not be mature until the platforms are ready. Therefore, I think that applications would start to flourish after a year or two at least.
Asset-backed cryptos are not expected to increase in price significantly. The reason is obvious: They are tied to the value real-world asset.
Infrastructure projects have a better chance. Yet, they are a step behind platforms. Infrastructure coins will be needed when institutions start adopting the blockchain technology through platforms. Moreover, many platforms are providing infrastructural services. So, it is possible that Infrastructure coins would not be that much needed after all.
Finally, Equity, Share, Power coins should be studied one by one. The reason is that the value of such coins is derived from the value of their respective project. If the project is successful, the coin becomes more valuable.
What Do You Think?
Do you agree with my choices and reasoning? What is the best type in your opinion? Please tell me in the comments.
Isn't Steem also a platform with its release of SMT ? I know APPICS is the first SMT but soon others will follow. Does this make of Steem a platform which generates tokes just like Ethereum ?
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Apparently Ether is the best for the years in question. For eg Ether has enjoyed almost 99 percent growth in the last 30 days save for the little set back as instigated by comments from the two old cargos Buffet and Gates. Thank you for sharing such an interesting content, it was an enjoyable read.
I predict the platforms will finish having two winners amongst the others. Maybe EOS and Ethereum.
The market for smartphone apps: Google Play & Apple Store
The computer operating systems: Windows & Mac
I think Ethereum is the best to invest into.
Also i think steem/Steem dollar is a really good crypto to invest into rn.
And for the memes i bought myself 1k Dogecoin :D
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Excelente post @sadekj . Gracias por el contenido.
You can't call it currency and say "Investment" in the same sentence.
Currency must to be stable!
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