Hey Everyone,
I wanted to share my short story getting into cryptocurrency space in 2013, when bitcoin was at 80$, at that time buying bitcoins was really hard with a credit card, and I didn't have any way to buy them so instead I bought 4 x 290x GPUs and started mining, but all I was thinking is return on investment short term (7 months) to get my money back, and it was the wrong strategy.
Today, when I look back at what I was doing all I feel is regret for selling all my bitcoins for fiat to get my investment back, but to maximize profit I should have instead kept them in cold storage for them to appreciate over time.
My 2017 Strategy:
I made a decision to invest in most new ICO (initial coin offering) coming to market this year, especially the one's that I think has some potential to grow, although I was watching the whole market for this long I missed the ethereum ICO, which made +100X return on investment for everyone involved.
Now investing into that many ICO's requires tracking and fund management to keep an eye on every coin market cap and current prices, and for this, I use a website called Cyber.fund.
During this week I took 8 hours to research what could be the next big thing, and I came to a short list.
To implement this strategy in a very efficient manner i had to find a way to be on top of everything happening, and following every news site is hard, so to make things simpler i started using an app called Feedly https://feedly.com, which makes things easier by pulling every website for news, almost like RSS, and they also have a category called blockchain with a prebuilt list.
- Iconomi
- Wetrust.io
- Melonport
So what do you think the next big thing will be? And why?
Happy Steeming !!!! :D
Great intro. I hadn't heard of cyber.fund before so thanks for the recommendation. I didn't have a chance yet to check out your top 3 coins but I will definitely put them on my research list. I think NEO, VERI and CLOAK will be huge. I'm a big Dubai fan and plan on buying a place there some time in the future. Following you. Cheers.
Also take a look at Numer.ai and Huamniq. Lot's of potential there as well.
Next big thing will be managing physical identity on the blockchain. Big growth potential here, because a) there are a million uses for such a system and b) the identity tracking systems used by our governments are hopelessly outdated and insecure.
Nice article. Same thoughts here. The crypto market: High risk high gains!. That doesn't mean that a gain is guaranteed though. There's simply no guarantee in anything in life and especially not in a high risk market. Besides coinmarketcap.com there is: https://www.coincheckup.com The best crypto analysis site by far. Complete in depth investment analysis.