CONSIDER ETH AN INDEX LIKE A STOCK MARKET INDEX AND SOME HONEST ASSESSMENTS FOR INVESTMENT

in #eth7 years ago

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Having involved in Indian stock market for quite long time, I could arrive at following conclusions after extensive studies on cryptos from time to time to make a base case for investment.

  1. Consider the ETH as an Index and its tokens as specific stocks. At times, it is possible that certain specific stocks shall out perform the index mostly in a stock market. But in case of cryptos, especially at this time of volatility, the rational decision that appeared prudent to me is to exit all tokens and re-invest into ETH as you are getting at a handsome price of $150-$175. Always believe in the master & quality and stay invested for a long time in the Trezor hardware wallet, you will make money. We have many studies about it in the realm of stock market.

  2. The only token that appears little sense to me is the GigaWatt WTT token as its token is tied to an underlying assets of mining process for bitcoin and certain altcoins. If you are not interested you can rent it out and earn rental coupled with capital appreciation (not based on speculative value) but based on the underlying asset growth and demand for otherwise costly mining process. The ICO still open till July end 2017.

  3. Steem also makes some sense to stay invested. But REP Augur looks promising , but holding REP token and involved in the reporting for the event to have a good potential earning to be carefully evaluated as there are some hidden catches. The idea of any event prediction and betting on the same looks promising , the time will speak for itself about the capital appreciation.

  4. I am still loss to understand as to why XRP ripple still hanging arbound $0.14-0.16 despite its great potential to transform the banking sector of its RTGS (Real time gross settlement), it is a mouth watering price and you will not regret having about 5000 xrp at a very fractional cost of the bitcoin.

  5. As far as bitcoin is concerned, let it be in a state of meditation in Trezor hardware wallet as the safest option and sit tight. It will not be very long that we could hear some good news from India. If any government can not control it, it is better to regulate it. Possibly the government regulate the bitcoin exchange either through Security Exchange Board of India or Reserve Bank of India with strict KYC for buying and selling with income tax account number and adhar card (unique identity). The capital gain added to the gross income and it will be taxed as per the applicable slab. Just note these points, other than this, Indian government can not do anything as any adverse ruling will be in direct contradiction to Digital India slogan of the Hon'ble PM. This will be next trigger to take bitcoin to $4000. My honest judgement is that the so called hard fork / soft fork and we can add some for forks to it day after day - nothing gonna happen - the greed will take over the ego as no one wishes to be at the losing side. Things will be ok by month end. This is time to love your Trezor hardware wallet.
    In case of any chain split may be having bitcoin in Trezor may be, I am not sure, your bitcoin shall be double in numbers, please study in details about it with experts. Thank you.

Regards
Shaji Manghat