Well a lot of people have been writing me personal messages to ask about my personal opinion on many altcoins since my comment on page 8. I want to remind you guys that am not an expert, I'm just giving educated guesses and I always go with my guts.
Here is ine of my response to a PM.
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Q: hey what do you think about Waves and Somn?
A: Hey there,
I'm not a financial expert but i understand the reason why you're reaching out is because you want to hear second opinions and i am glad to do that for you.
Here's my opinion, I worry that waves attempt to copycat Ethereum is not working out. They are doing everything right but cryptotraders have short term memory and are quite lazy, sometimes when traders get used to doing something a certain way, they get stuck.
I worry that waves has seen it's best times. There's no one hosting an ICO on waves, despite all the awesomeness behind their platform, they're still riding on past glory and so many other companies are coming up within their field. So the competition is going to be quite strong for them. And the thing with cryptocurrencies is that traders generally lack patience, and so much other cool things are happening at the same time so it all boils down to whether or not the value of your coin is going up, otherwise cryptotraders move on real quick.
Somn is yet to prove itself with it's new platform so, if you're already holding some of their tokens, just keep holding them for now.
Finally Next year august is a very long time in crypto world, it really hard to predict that far.
If I were to choose, I'll choose a token that's in a field where there is a possibility of mass adoption, so if even if cryptos don't keep going up, demand from the necessity of the needs of the generally public to use the product in question will push the price.
Goodluck!
Here is ine of my response to a PM.
---------------------------------------------
Q: hey what do you think about Waves and Somn?
A: Hey there,
I'm not a financial expert but i understand the reason why you're reaching out is because you want to hear second opinions and i am glad to do that for you.
Here's my opinion, I worry that waves attempt to copycat Ethereum is not working out. They are doing everything right but cryptotraders have short term memory and are quite lazy, sometimes when traders get used to doing something a certain way, they get stuck.
I worry that waves has seen it's best times. There's no one hosting an ICO on waves, despite all the awesomeness behind their platform, they're still riding on past glory and so many other companies are coming up within their field. So the competition is going to be quite strong for them. And the thing with cryptocurrencies is that traders generally lack patience, and so much other cool things are happening at the same time so it all boils down to whether or not the value of your coin is going up, otherwise cryptotraders move on real quick.
Somn is yet to prove itself with it's new platform so, if you're already holding some of their tokens, just keep holding them for now.
Finally Next year august is a very long time in crypto world, it really hard to predict that far.
If I were to choose, I'll choose a token that's in a field where there is a possibility of mass adoption, so if even if cryptos don't keep going up, demand from the necessity of the needs of the generally public to use the product in question will push the price.
Goodluck!
Yes that's me
