We’re all waiting for a project to come along with the security, scalability, feasibility and community to finally realize the greater part of block chain technology’s future.
This future is presumed by many to be one in which countless inefficient industries are re-imagined upon decentralized crypto-platforms. This is the dragon that crypto-junkies have been chasing ever since taking a hit of bitcoin and is actively being developed into existence.
You may be part of the Ethereum, Mastercoin (Counterparty) or Bitshares crowd, and if you are, you’re likely to get a modest slice of the pie, but the lion’s share looks like it might have been reserved for Nxt.
Nxt is a big deal, let me tell you why.
I will be using this site as a trading diary, where I will post suggestions on the optimal asset allocation within a portfolio of digital currencies.
The following is my suggestion on how you should allocate the lump of capital you intend to put towards crypto currencies:
Future posts will include full analysis of the playing field with justified recommendations based on the consideration of competing technologies. Unfortunately I haven’t had time to supplement the above suggestions with justifications.
This post is just to get my initial recommendations time-stamped and out in the wild at what I believe to be an optimal investment time. I am of the opinion that the bitcoin price has bottomed out ($440 USD) and that we could be seeing a strong bull market in the near future.
Portfolio allocations will change over time and will be reflected on this site.
Bitshares is a broad term which encompasses all Distributed Autonomous Companies that spawn from ideas and code put forward by Invictus Innovations.
Invictus Innovations is a (regular) company fronted by Co-Founder, Daniel Larimer. Invictus creates Distributed Autonomous Companies (DACs) under the Bitshares banner. These DACs are released to the public and honour Bitshares PTS and Bitshares AGS holders with part ownership in these DACs. Continue reading
This article assumes you already know what Maidsafe, the SAFE network and safecoin are. If that’s not the case, read this.
Wow. Those MaidSafeCoins (safecoins) got snapped up like fresh cheese rolls.
now that’s saying something
I have the feeling that was something substantial. It begs the question, did I just put my money into an incredibly under-priced crowd sale, or did I put my money into an incredibly over-hyped crowd sale?
Before you get my biased opinion on that question, let’s cover some stuff, unfortunately it’s not all laughter and lollipops. Continue reading
Maidsafe's safecoin crowd sale sold out in a mere 5 hours! Read about it here.
Maidsafe is a company that is developing the SAFE network which is a proposed peer to peer storage and communication platform that will completely change how we use the internet.
Bold claim, but Maidsafe appear not to deal with timidity.
I hear you ask, ‘but what’s wrong with the features of our current Internet? I can buy stuff, build stuff, share stuff and pleasure myself using it. I can’t imagine it being much better.’
I see where you’re coming from, and I must say, compared to what existed before the internet (very little?), it seems trivial to try and improve a technology that has made arguably the greatest contribution to the freedom and wealth of individuals on this planet.
Then Maidsafe struts in and proposes that it is designing the next logical internet iteration, suggesting our current product is far from its potential.
What’s the investment relevance? If you bear with me, I’ll build you up to it. Continue reading
Mastercoin is a protocol that massively expands upon the uses and functions of bitcoin, it does so by leveraging the bitcoin blockchain as a message and time stamping third party.
After two years of closely following the cryptocurrency ecosystem, mastercoin was the first thing beside bitcoin I got excited about from an investment perspective, simply because it is an innovation bringing something new to the party. Continue reading
Bitcoin is the business. It has directly or indirectly enabled every technology I write about. While most people have heard of it, few people understand the true innovation and extent of its significance.
You could well be a die-hard bitcoin fanatic by the time I’m done with you. Continue reading