π Every week, I decided to update the different cryptocurrencies I own and would like to ask you which one do you believe in the most in your respective wallet. π
This is the 14th weekly: "What cryptos do You own?"
As I work in finance, Stock Markets polls are very useful for fund managers to understand what investors own because they currently like it and what they do not.
Usually, in the Stock Market, it is not very good to own a stock that everybody owns; it means that most investors bought it already and therefore, future demand will be low.
Whereas understanding which one are under owned is very useful in case a positive news is released on the stock. Since a few investors own it, they will rush to buy some and the price will increase significantly.
My current portfolio and reasons why I own these cryptos:
Cryptocurrencies that I own
Ripple (XRP): Signed most of the TOP50 banks and is runned very professionally. It is working with Chinese partners on many projects.
Steem: If you read this, you know why. I increased my Holdings under $1.0 price and with SBD sitting at $10+, the price can only go up :D
Eosio (EOS): I believe in Dan Larimer; he already developped 2 great projects (Steem and Bitshares) and as the Co-founder of Steemit on @SGTReport said about Dan larimer and its EOS ICO: βThe people who say that there is no product yet, Dan has built 2 of them if they think heβs not gonna build the 3rd one, theyβre crazy. This is the one he always wanted. The other 2 were just helping him get thereβ. EOS is showing some nice upward trend recently. I can see some βWhalesβ are stacking them.
Ethereum (ETH): In my opinion, it has been the most exciting project in cryptos so far. This project has been copied or inspire many other hot cryptos (NEO, EOS...). Devon3 gathering brought a lot of visibility on Ethereum's next improvements especially on the scalability issue.
Siacoin (SC): Siacoin is a solution that allow companies to use storage in a decentralize on Siacoin network. βMinersβ are renting their storage capacity. It is 5-10x less expensive than with traditional companies as Amazon Web Services, Google, etcβ¦
Augur (REP): I just like the prediction market project. They have a good team of developers and seem to work very hard on this project.
Cryptocurrencies that I used to own
Mysterium (MYST): * The company is developing a Blockchain VPN. As China is trying to implement its Great Internet Wall before 2018, this would block VPN based technology. This project could offer a solution to Chinese and even other people to have more privacy while browsing through the internet.
Stratis (STRAT): Stratis offers full service capabilities for the development, deployment and management of blockchain applications and solutions utilizing C#. *Stratis tries to make it easier for companies, organisations or other entities to develop a blockchain app.
Ethereum Classic (ETC): I think it is undervalued, dapps and other projects are using it as the Ethereum network is getting crowded.
Golem (GLM): It is a cryptocurrency allowing you to use the calculating power of the computers connected to its blockchain network. This is useful for companies looking to rent some calculating power for a project, etcβ¦
My Portfolio on December, 12th
As you can see in last week post, I said I sold most of my coins and used only leverage to make short term profit.
This market is irrational and I realised that I should not fight it. So I decided to HODL a bunch of my favourite coins (EOS, Steem, XRP, REP Siacoin...) and to take half of my SBD profits to buy alts and withdraw the other half.
I realised that if I had sticked to my initial call (HODL EOS), I'll be rich by now. Instead I was trading and stressed...
Therefore, I withdrew ALL my initial investment in cryptos and I am now just enjoying the ride :D
I am long Altcoins and still not interested in BTC
Bitcoin was the first Crypto, butβ¦ I always preferred Altcoins (EOS, IOT, XRP, REPβ¦).
Finally, What crypto should I look into at the moment?
And you, What do YOU own?
Please remember this is my personal opinion and not a financial/investment advice. You need to do your own research to make your own decision. Investing in cryptocurrencies can lead to financial losses.
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π What Cryptos do YOU Own? - December 19th π | Ecency