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Showing 7 of 7 results by bitcoinbest123
Re: Can the massive creation of Altcoins can be stopped?
I hope it will taper off. There are way to many coins with zero utility and too few projects that matter and are needed like crypto to fiat (pundix and mfchain), rewards and free stuff that replace plastic cards (like tapcoin and hooch), and other projects where crypto is actually better than non crypto solutions ( as much as i love crypto, i think there are only a few places where crypto is truly needed but in those places, crypto will be truly revolutionary.
I see a lot of people shilling top 30 market cap projects; while they are good, i think a lot of these projects are resting on their laurels and not doing anything to get us back to the bull run of December by pushing adoption or increasing utility.
There are two alts that i love right now:
Mfchain. Which is a crypto to fiat system with atomic swapping that only needs a phone to operate. It is a more convenient and accessible version of PundiX. The CEO and president are industry vets of payment processors and they also got Brian Rankin, A ex RIPPLE vp, with banking connections, working to get banks of board. The reality is fiat isn't going to be replaced by crypto tomorrow, so we need projects that allow people to tip the toes in the crypto waters so to speak. I think MFCHAIN is that project that will bring the adoption we need. I think it is worth getting a few bags now.
There are two alts that i love right now:
Mfchain. Which is a crypto to fiat system with atomic swapping that only needs a phone to operate. It is a more convenient and accessible version of PundiX. The CEO and president are industry vets of payment processors and they also got Brian Rankin, A ex RIPPLE vp, with banking connections, working to get banks of board. The reality is fiat isn't going to be replaced by crypto tomorrow, so we need projects that allow people to tip the toes in the crypto waters so to speak. I think MFCHAIN is that project that will bring the adoption we need. I think it is worth getting a few bags now.
Linkchain is a newer project that fits the bill. The future of contracting and a foil to upworks 20 percent fee and upfair treatment of contracters. Run by a reputable ICO reviewer: Conston Taylor. They are getting a lot of hype recently. An AMA with Skrillaking today and another one with cryptobeadle tommorow.
Not staring at my blockfolio every 2 seconds and believing in myself: I know i did extensive research on the projects i invested in and that they will add value to the cryptocurrency sector.
While everyone is waiting for growth, I expect a sharp decline. Yes, exactly the one that Nassim Taleb always waits for and he regularly waits.
Due to what the Ether grew from $ 5 to $ 1200? Everything is very simple. He grew up due to the fact that people came to the market, bought the Ether and invested in the ICO. That is, "They needed the ether physically." Demand is growing. The price was growing.
Today everything is different. New people no longer invest in ICO. And old investors sell different chermet, which is called "token." Sell for what? That's right, for the Ether. Then what are they doing? That's right, they go to the market and sell the Ether. He does what? Correctly, falls.
That's all you need to know. There is no black cat in a dark room. But there is a soaring swan of the same color.
Due to what the Ether grew from $ 5 to $ 1200? Everything is very simple. He grew up due to the fact that people came to the market, bought the Ether and invested in the ICO. That is, "They needed the ether physically." Demand is growing. The price was growing.
Today everything is different. New people no longer invest in ICO. And old investors sell different chermet, which is called "token." Sell for what? That's right, for the Ether. Then what are they doing? That's right, they go to the market and sell the Ether. He does what? Correctly, falls.
That's all you need to know. There is no black cat in a dark room. But there is a soaring swan of the same color.
Its not going to happen. We already had massive loss of interest from the the moon boys. I think this as low as it is going to get.
what do you think about altcoin,do you think is the time to buy? am afraid because all my money is heading to zero.. 
I could not disagree more. The crapcoins and garbage coins are dying because people are waking up and realizing they need to be more selective about what they invest in.
Good projects like: Linkchainx (they are having an interview with Skrilla King Oct 2nd at 1 Pm EST and CryptoBeadles on tuesday) which has a MVP for contracting (think upwork and fiverr but better). Xlm (self evident). Mfchain (crypto to fiat with MVP that only needs smart phone), Credits (later gen of speedy scalable blockchains that has a proven speedtest) and a few others. Tapcoin-Hooch (reward coin that is already working all over the United States where you can get huge discounts on hotels, free drinks, and other rewards).
The common denominator here is that all of these projects actually are useful, they have a MVP or are extremely close, and solve a problem or makes life better. They don't give us some vague description like using A.I to analyze big data (which a million firms in non crypto world are doing). I am not saying they will all work out 100 percent but they have great potential because they are filling a want/need that hasn't been addressed in either non crypto world or crypto world.