Community post
The next big crypto: What is it and why?
With the recent surge of interest in the cryptocurrency world, everybody and their mothers have (all of a sudden) become leading self-appointed oracles of the cryptocommunity! A lot of the time it is with little to no reasoning or understanding of what they are really talking about.
Usually, it starts with someone who invests 16,000+ like bitcoin, which almost none of them ever do.
I for one would like to hear from the people who do know what they are doing and talking about. The voices of the Maximus's who have been drowned out by the growing mob of the crypto-coliseum (Gladiator reference... great movie).
With that being said, what is the next coin that will make investors thousands in returns?
More importantly, why do you think it will do it?
Let us know!
Replies (7)
I just posted asking the same question. That is the million dollar question lol I think BTC is the AOL in this industry and the GOOGLE coin is around the corner. It is really difficult to pick and choose between all the new coins out. There are a few decentralized coins that I watch and wonder if the will shoot to the moon one of these days. I hear and read a lot about XMR, I notice the people tend to hodl for XMR. I really believe in their roadmap and the founders behind it.Also ZCASH is another security coin with some potential. As to how quick and how high the fees will get say if the mass public was to adopt it, is another question. The next coin will definitely have to have extremely high speeds with vast amount of room to grow. The next coin will have to be able to conduct everyday transactions for next to nothing and still have the security as BTC has. There are a lot of factors to make the perfect coin and it seems to be very difficult to have all the components in one coin, but when one does have everything; it will become the "GOOGLE" coin. Keeping an eye out for the one that has all the trade marks of a perfect coin.
Thank you for the input, I am sure people will appreciate the insight!
The billion $ question! :-)
Your post put in few words the many critics I have from the current crypto-space. People are in for daily/weekly returns and not supporting the building of a secured environment. The growth of the technology should be at the centre of each "bid", showing our belief that the service proposed by the coin will grow and solve limitations that we see nowadays. Hold for innovation! Move away greed! :-)
The coins I am believing in are: BTC, LTC, ETH, XMR and ZCASH. They are the old guys of the market and carry the basic features that have made the crypto world famous or infamous for the past few years.
They have strong communities (devs, supporters, miners) and have proven to deliver improvements and new ideas on a regular basis. They are probably not delivering as fast as any other centralised endeavour, but they embrace the idea that the enterprise should not depend on few and that the greater good is reached by consensus.
I have touched to ICO in early 2017 like many. For sure by greed and I remember well my speech back in the days. Most of these ICO did well across the year (NEO, OMG, 0X) and haven't shown much signs of weaknesses. That's why everyone believe they are great investments and more ideas are being crowdfunded that way.
I would only advise to be careful. These ICO are very short term investment for the public. This is the tech bubble that everyone is saying Bitcoin is. I don't know if it will burst in 2018 or 2019, but I am sure money is not safe in this space.
If you're looking to invest in ICO, please do in decentralised project. At least, it will benefit the community and show innovation remains a motivation!
I agree with you and think you hit the nail on the head. It is difficult to not be greedy and think about the quick profit. I think the media as always is miss guiding people and giving them the intention of it being a new sort of investment. I think the only investment maybe for the decentralized coins. It gives you full control of you assets instead of a 3rd party. I feel as though that is what crypto is about. The blockchain technology is the golden nugget that most people do not understand.
Which touches back on your subject of it being an tech bubble and I agree. There are not many uses for a lot of these coins and most will never be traded daily for commodities. Not saying anything bad about any of the coins, I just do not think people do their due diligence and have an misconception about their utility. I am a complete newbie and only know what I have educated myself on, but the speculation behind these coins are phenomenal. We are living in a crazy time, it is very interesting to see a change come to fiat for this first time in about 200 years.
I think that Steemit and the tech behind it will revolutionize social media though. There will be many changes to come in many different fields. Like I said, blockchain is the golden nugget.
A lot of good points. Although I agree with you about the innovation should outweigh the greed, I also think that a lot of people get drawn in on the hype of making money and while involved start to learn it is more than that which makes the community stronger. Thanks for the input!
Yes!
Fon’t rush things. We will keep having plenty of opporunities to grow our wealth, especially on robust technologies. Better donit slow and steady than rushing into it and learning through harsh mistakes.
Exactly. People should do their due diligence first and fore most.