4th Street Bar Hive-Bar

Hive-Bar Powered by Hive beta-fdb5b5b

Community post

Thoughts on Diversifying Cryptocurrency Investments

IMAG0141.jpg

After searching the google for almost five minutes, I was unable to find a good overview of different categories of Cryptocurrency projects. Setting out, the goal was to find a quick overview of what is different categories were available so a person could pick projects from different categories to better distribute their investments. I have heard this stock investors talk about doing similar things with their portfolio's in the past.

Strong as my Google-Fu is, my searches were fruitless. So, I am going to take a crack at providing you with such a list. Obviously, I will not be listing coins, there are far too many for me to take that project on alone. However, if you see value in this and find a coin or project you feel strongly should be listed, please let me know about it in the comments below.

Undoubtably, someone will be irritated that I have placed project x in category y, please make your case in the comments below. I'm not opposed to making changes if they are warranted.


Categories

  • Currencies - Must have high degree of liquidity. Value is driven from use and scarcity (supply and demand).
    • Store of Value - not suitable for micro transactions
    • Privacy - projects with privacy built in
    • Other - Me too coins
  • Smart Contracts - Value is derived from contracts or other projects using the platform. Scarcity is maintained by burning small amounts of currency referred to as gas.
  • Social Media
  • Decentralized Organization / Business
  • Shared Distributed Computing
    • Processing
    • Storage
  • Peer to Peer Commerce - coins that enable person to person private transactions or exchanges
  • Settlement Networks - bank interests
    • Credit Cards
  • Government Funded and Other Coins Without Utility and/or Scarcity - disgusting I know (perhaps we should label these "True Sh^t Coins")

*(Links to the following can be found by searching for the name or ticker symbol on https://coinmarketcap.com/)*

Currencies

Store of Value

Name Ticker Symbol Notes
BitCoin BTC First mover advantage, slow with high transactions fees. Commonly used as the reserve / exchange currency

Privacy

Name Ticker Symbol Notes
DASH DASH Fast, has smart organization to pay developers/organization, master node holders and minors
Monero XMR Obscures details on Ledger
ZCash ZEC (pending)
ZenCash ZEN (pending) A fork of ZCash and ZClassic, private messaging and transactions

Other

Name Ticker Symbol Notes
LiteCoin LTC One of the First BitCoin Forks, adopts proposed solutions and processes transactions faster than BitCoin

Smart Contracts

Name Ticker Symbol Notes
Ethereum ETH First mover advantage
Ethereum Classic ETC Ethereum Fork
Ubiq UBQ Enterprise ready, stable fork of Ethereum
NEO NEO Formerly Ant Shares, developed in China with the aim to allow developers to create smart contracts with a variety of languages

Social Media / Ecosystem

Name Ticker Symbol Notes
Steem STEEM Exchange Currency for SteemIt.com
Steem Backed Dollars SBD Rewards Currency for SteemIt.com
Basic Attention Token BAT Currency to enable safe distributed advertisement, rewards viewers of advertisement and content producers
LBRY LBC Designed to reward content producers; a free, open, community-run digital marketplace

Decentralized Organization / Business

Name Ticker Symbol Notes
Aragon ANT Allows people to make digital organizations (built on Ethereum) includes it's own legal system.
Golem GNT Currently in development, will allow distributed GPU utilization in the near future
MaidSafe MAID Distributed Processing, Storage and Networking
Shift SHIFT Decentralized web
Sia SC Decentralized private cloud storage
StorJ SJCX Decentralized private cloud storage
iEx RLC Decentralized private cloud computing
SNOM SNOM Like Golem, but they are using current technologies.

Peer to Peer Commerce

Name Ticker Symbol Notes
Swarm City SWT Currently in development, Boardwalk was released in June 2017 allowing people to exchange SWT for goods and services
Chronobank TIME Recruitment and labor based cryptocurrency designed to eliminate the third parties.

Dividend Paying Investments

Name Ticker Symbol Notes
BlockChain Capital BCAP Like a mutual fund, token holders are rewarded from investments made into companies by VC investors.
DigixDAO DGD Allows holders to receive dividends when DGX (a soon to be released gold backed cryptocurrency is traded)
Iconomi ICN Invest and manage digital assets (semi centralized)
Melonport MLN Like Iconomi, only more decentralized and still under development.
Veritaseum VERI Enables peer to peer capitol markets

Settlement Networks

Name Ticker Symbol Notes
BitShares BTS Decentralized financial service, banking and exchange
Ripple XRP Banking industry settlement network (possible sh^t coin?)
TokenCard TKN an Ethereum based debit card that will allow you to spend numerous coins

Government Funded and Other Coins With No Utility (Sh^t Coins)

Name Ticker Symbol Notes
Unknown UNKNOWN Coming soon to an ICO / Exchange near you. Seriously, if you know of any sh^t coins, let me know and I will post them here to warn others

A big shout out goes to @crypt0, I listed many of the tokens he mentioned on his June 22nd, 2017 post

So how do you distribute your cryptocurrency holdings?

What projects did I miss that you are excited about?

6 upvotes $0.01

Replies (5)

Review before signing

Posting as . Signing with . Keychain permission: Posting. Hive Keychain will ask you to approve this action next.


  
Technical details

Operation fingerprint: