Whats up crypto people
I wanted to discuss a very interesting topic, one which a lot of us wish to become a reality and that is for BTC to stop being so dominant in the market and for it to, most importantly, stop affecting alts as much as it currently does.
So how can this be done?
It’s already happening and there are a number of things you should know. First of all lets be honest if Bitcoin wasn’t around right now and did an ICO then none of us would invest and the way the market is right now most people are looking for projects with great tech or a great team or for the crypto to have a true utility and so many article suggesting that the investors in the crypto market have switched from the HOLD mentality into a short term trade & profit mentality. Is this the crypto community getting wiser about the potential profits of short term trading? Maybe…
So back to the main point, I also mentioned this in the last post, but Binance is adding USD pairs almost 3 times a week and throughout this year and 2019 this will become more and more available on all the exchanges. This means that the need to buy BTC will decline and as there are so much opportunities out there which will make you much more than BTC then why the f… would anybody even bother with it?
We have all been saying for a long time, it’s slow, expensive and even though there was a hype around it and people accepted it as a currency (I’m sure you hear of people buying cars and property with it) this year not so many people are. Bitcoins use is declining and all of us want to profit more from our ICO’s and alts so this is a change which will be widely accepted with open arms.
Now please don’t take this as me bitching about BTC and saying it’s doomed, it’s not! We will see bull runs and for alts to truly break away from it it will be a difficult thing to do with the majority of the market truly switching to USD pairs and selling of their BTC, so until then what do we do?
Well if you an experienced trade then trading on a bearish market can be a cash cow but if you don’t yet feel confident in trading on such a market, which is the majority of crypto investors, then the best thing is to start looking into projects which are looking for the future and work out if they are worth investing in. Here are 2 examples to get you started and some info with it:
NEO used to be called “Antshare” and was first launched in China back in 2014. NEO is based on the Ethereum blockchain but has a few features that set it apart from ETH. In fact, the founders of NEO claim that they have managed to enhance the Ethereum system and create a cryptocurrency that is more advanced than all other digital currencies.
I’m not sure if they did it on purpose but the cost of their smart contract is over $1000 which means that scam ICOs will almost defiantly stay away as for them its all bout grabbing the money. There are two amazing project which I am currently keeping an eye out for and they are Nos and Nex exchange, both are based on the NEO platform. Here are the links:
I’m sure many of you have heard that NEO is known as the Chinese Ethereum and in my eyes is on the borderline of being an alt as soon it wont be. Plus you get gas for simply holding NEO on the offical wallets, which is used to pay for the transaction fees and is a completely separate currency which you can trade/sell. For example if you have $1k in your wallet you can make around $5 per month, not a lot but it’s free money, with enough of it you can invest in these ICO’s which are based on the NEO platform as almost all of them accept GAS too!
Ethlend is a lending platform where users can put up their crypto as loans or as collateral to receive loans. Their project is great and the last time I checked they reached over 1800 Ethereum in lending volume and with a new user interface, new partnerships and many industry whales discussing the potential of this project, in my opinion buying anything below all time high is good.
Ethlend is a big one, they are in direct competition with SALT which is sitting at $1.36 as I write this but its ATH was $17.68. Looking at how much better EthLend is and its price of just $0.03 then well… DYOR and let me know what you think in the comments below.
I will keep you all posted on any good movements within the industry so do click the bell button on this page and let me know if you wish for me to review a specific project below.