Hey folks,
what do you think, which tokens are a great investment for 5-10 years?
All people tend to speculate on short-term moves but I am more interested in tokens that will go up x times over the next couple of years...
so to say, the Amazons and Googles of the crypto world.
Which coins are REALLY GROUNDBREAKING in your eyes and why?
I mean Bitcoin started the whole thing but technically there are so much better, safer, faster, more anonymous coins that should take over in the long run.
Please share your opinions
I think many altcoins have the potential to be successful if you are willing to hold them for long term and ethereum, siacoin and golem are my top three picks.
Golem is a decentralized super computer and anyone who owns golem can access it easily.
Ethereum as it is currently the most used platform for hiding ICOs.
SIACOIN is decentralized cloud storage and I think it's currently undervalued.
All these coims can help you earn good amounts of profits in the long run.
I think Sia is good technology with good developers. But I'm not sure their price model will work. The initial investment for someone to rent out his storage is too high for home users to rent out the storage. Only huge storage farms might see it profitable enough. But since Sia aims to be much cheaper than it's cloud storage competitors they probably won't be able to pay owner of storage farm as much as for example Google would be able to pay. So why would they choose to rent out with Sia.
I know many inexperienced investors that bought Sia because it has huge potential to grow because the price of token is very low, not even a cent. But there's almost 30 billion tokens in circulation. So if Sia was 1$ it would make it 2nd place on coinmarketcap. I think it's just not realistic.
I don't know how experienced you are, maybe you are more than I am. So maybe you'll find the above paragraph unnecessary, but there's many inexperienced people reading these forums so I wanted to point it out for them, that low price of token doesn't necessarily mean it has huge potential to grow.