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Going "All-In" on ONE cryptocurrency... which?

Anything related to bitcoin, crypto, blockchain

Which crypto coin is your ALL-IN investment?

  • Bitcoin

    Votes: 48 36.1%
  • Ethereum

    Votes: 58 43.6%
  • Monero

    Votes: 6 4.5%
  • Cardano

    Votes: 9 6.8%
  • Vechain

    Votes: 0 0.0%
  • Solana

    Votes: 8 6.0%
  • Lukso

    Votes: 2 1.5%
  • Litecoin

    Votes: 1 0.8%
  • Chainlink

    Votes: 1 0.8%

  • Total voters
    133

Daniel James

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Cardano.

There's a reason it's been nicknamed the Ethereum killer. There isn't a single crypto currency that is as focused on process with the leadership and vision they have. Besides the fact all of the work they do is peer reviewed and provably secure, they also have the inventor of Haskell helping them code the damn thing.

The question is well why would it eventually take the reins from Ethereum? Because Charles Hoskinson and his team helped develop the virtual machine everyone is currently developing dapps and smart contracts on. And Cardano is essentially going to be backwards compatible with all of it. So when they say, "Hey guys, we have everything Ethereum does, our entire paradigm is modular to solve for all the issues ETH is running into with scaling and consensus, oh, and by the way, all of the work you have already done, you can just bring it over here."

And on top of it they are already funded through 2020. There's a hundred other reasons why it seems to be the most promising project in the space. Charles Hoskinson will either end up being the Steve Jobs of crypto or the greatest con man of all time. Will be interesting to see how stupid or genius this post is in five years.
 
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Late Bloomer

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I'm responding to thank MJ for the topic.

Before Henry Ford made his Model T, there were something like a hundred car companies. It was already obvious to many people that cars were the future, that they would be extremely important to society, that big fortunes would be made in them.

Which of those hundred car companies should you have invested in, two years before Ford introduced his Model T? The answer is NONE OF THEM because they were just about all blown away, once Ford introduced a simple to use, affordable, reliable, straightforward, convenient car... something that wasn't available before. You should have saved your money until you could go in with Henry!

How does cryptocurrency compare to cars before the Model T? Inconvenient, rare, expensive, complicated, prone to break, you need a technical expert along for the ride? Seems to me that's the analogy.

Blockchain, the distributed self-authenticating chain of immutable ledger entries, is one of the few truly revolutionary changes in computing that came along after I left college. There's no question it will be important in the future. There are some Needs in society that Blockchain technology can address. It takes a lot of effort to get the math right, making a huge barrier of entry. If it's set up as increasingly difficult to mine, it could be Scalable... I don't know if this next part is literally true, but I read that mining the very last Bitcoin may take more electricity and computer power than currently exists in the world!

But, what is in your Control about it? Unless you're a cryptocurrency creator, what can you do to increase the value of your investment? Unlike a piece of real estate, you can't paint it and get better tenants. Unlike a business, you can't offer better products and improve the marketing. All you can do is hold on and hope, the very opposite of Control.

I'll be interested to see what other people say, especially if there's a better reason to invest than Tulipmania's "greater fool" theory.
 

Late Bloomer

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Some people compare it to gold, but gold has use actual cases in jewelry, industry that give it value beyond just scarcity.

Also, gold is inherently self-authenticating. As Archimedes noticed, if you have a bathtub, you can verify if a hunk of metal is actually gold. It's a lot harder to verify a blockchain entry, and doing so depends on math that most people don't personally understand.
 

Late Bloomer

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No other coin is currently partnered with a Government and the Isle of Man is definitely the place to be for gambling.

I thought part of the Libertarian dream of cryptocurrency was to not have to deal with a government. (I'm not saying that's my dream, but I thought that was a huge part of the appeal of cryptocurrencies.)

Is casino coin accepted in Macau?
 
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Late Bloomer

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There’s a good chance Satoshi Nakamoto is Hal Finney, who died back in 2014 from ALS.

His body was cryogenically preserved by Alcor, so if science advances to where frozen bodies can be resuscitated, and he’s really Satoshi, then he’ll wake up a multi-trillionaire, or Bitcoin will have been supplanted by that time and only being held by the zealots.

That's interesting. So which cryptocurrency is backed by each unit representing one frozen cell of Finney?
 

Ginto

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Hypothetical poll...

Your life depends on your decision.

Pick ONE crypto currency that will survive and then thrive. Time frame, within 5 years. Die = goes way of eToys.

Pick correctly you live.

Pick incorrectly you die.

Which do you pick?

And why?

TAU for high risk, high reward. It's like microsoft office suite of blockchain tools.
 

All_In52

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Neo or Eth.

Or you can day trade and get a bunch of free coins so you don't have to choose ;)
 
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sratemo

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Let me restate this again...

Your LIFE depends on your choice.

If you pick the wrong coin and it fails, you DIE.

I think if everyone understood this hypothetical, some of these selections wouldn't be selections.


I would go with EOS. Its the next gen crypto, capable of processing a million transactions per second.
 

Twopro

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I thought part of the Libertarian dream of cryptocurrency was to not have to deal with a government. (I'm not saying that's my dream, but I thought that was a huge part of the appeal of cryptocurrencies.)

Is casino coin accepted in Macau?
When it comes to casinos, most people would prefer to play on big regulated casinos since you know they have to play by the rules.

Also cryptocurrencies were started more to be against banks controlling your money to give some power back to the people. Regulations had to come at some point to make crypto mainstream.

CasinoCoin is still going through tests and trials though. You can read more about it here, doesn't specifically mention CSC but its quite obvious that's the only crypto currently working with the government of Malta. Testing started Q2 and was scheduled to last 6 months. It's in section 1.1 if you don't want to read it all.

http://www.mga.org.mt/wp-content/up...e-implementation-of-a-Sandbox-Environment.pdf
 
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GoGetter24

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To be fair, if it were to be any government it would probably be Malta's. Most people's concept of Malta is it's where maltesers are made (not sure if true).

Reminds me about that thread recently about the guy who got a Comoros passport by paying cash. Some countries figure they better do something so people know they exist.

Just waiting for a country to have the balls to to say 'ok our money is going back to gold now'.
 

Ginto

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I would go with EOS. Its the next gen crypto, capable of processing a million transactions per second.

You don't need to process millions of transactions if no one adopts your product. I know EOS, I hate their ICO process which is basically raise as much money as possible from everybody which is now 3 billion usd. This is what is wrong with the market, that project can be done with a few million $. Quick overview:

"EOS is the brainchild of 31-year-old Hong Kong-based internet entrepreneur Brendan Blumer and programmer Dan Larimer. Mr. Larimer has garnered criticisms for working before abandoning both Bitshares and Steemit. A former colleague of Mr. Larimer, Charles Hoskinson, stated that Larimer “hasn’t finished a project yet.” The chairman of the Bitcoin Foundation, Brock Pierce, serves as an adviser to EOS and is a minority partner in the company. Block.one is registered in the Cayman Islands, and comprises roughly 50 employees. Development for the project reportedly occurs through an open-source development platform, and as such, the company does not have a central office."
 

Late Bloomer

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To be fair, if it were to be any government it would probably be Malta's. Most people's concept of Malta is it's where maltesers are made (not sure if true).

Reminds me about that thread recently about the guy who got a Comoros passport by paying cash. Some countries figure they better do something so people know they exist.

Just waiting for a country to have the balls to to say 'ok our money is going back to gold now'.

If there's not already a discussion here on the whole "P.T."/expat/offshore thing, this seems like the kind of forum where people might be able to share a lot of perspective on that topic.
 
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adiakritos

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I've got some money in Tron right now. I've been holding it since it was at 3-4 cents. It's back up to 7.5 cents so I'm in the green again, but I'm gonna hold until it either fails or goes to the moon.
 

sratemo

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You don't need to process millions of transactions if no one adopts your product. I know EOS, I hate their ICO process which is basically raise as much money as possible from everybody which is now 3 billion usd. This is what is wrong with the market, that project can be done with a few million $. Quick overview:

"EOS is the brainchild of 31-year-old Hong Kong-based internet entrepreneur Brendan Blumer and programmer Dan Larimer. Mr. Larimer has garnered criticisms for working before abandoning both Bitshares and Steemit. A former colleague of Mr. Larimer, Charles Hoskinson, stated that Larimer “hasn’t finished a project yet.” The chairman of the Bitcoin Foundation, Brock Pierce, serves as an adviser to EOS and is a minority partner in the company. Block.one is registered in the Cayman Islands, and comprises roughly 50 employees. Development for the project reportedly occurs through an open-source development platform, and as such, the company does not have a central office."


Dan Larimer builds decentralized autonomous companies(DAC). in both bitshares and steem, the share holders decide the path of the project, each bitshare equals one vote. It is my understanding that the shareholders didn't like the changes that Dan was proposing, so he left to build a more improved platform. The shareholders didn't need Dan, so I don't blame him for walking away. Bitshares and Steem are the most utilized blockchains around - Block'tivity

EOS is a decentralized platform with a consensus algorithm, it doesn't need a central location.
EOS will launch with 1000 Decentralized applications on it. I think this is proof of adoption.
A year long ICO was made to allow for multiple hands to get a hold of the EOS token and not just a few thus attributing to a much more decentralized platform.

Take sometime to research EOS and what it offers. It will impress you.
 
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Unknown

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If my life depends on it, and it simply has to still exist then DogeCoin. That thing will never die. If we take away the death part I'd go with Ethereum if I could only choose one thing.
 

Johnny Bravo

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Wow. Tough question.

Just now saw this post (been busy working on my business) so I just glazed over the previous posts. Apologies if I put your panties in a bind by my answer.

The problem is, quite honestly, the question itself. "Pick ONE crypto currency that will survive and then thrive." Focusing on the "currency" aspect completely misses the point and usefulness of DLT/blockchain.

Walmart is looking at DLT to track where every single shipment originates and ends up shelved. This will potentially save them millions when needing to pull items from the shelf. IBM and Maersk are teaming up to do the same for global shipping. Now we're talking billions if not trillions. The list goes on and on.

By asking what "currency" one should HODL on to is, to be quite frank, a little ignorant of the technology.

I believe DLT is akin to the invention of the internet. It will have MASSIVE disruptive capacity once people begin to figure out how to utilize it.

I was recently listening to a podcast about neuroscience and the speaker mentioned that Bill Gates was interviewed in the early 90s or late 80s and asked about the internet. At the time it was still just an interesting tool for geeks, researchers, and the military. Gates suggested that it would change the face of retail sales as we knew it and the podcast speaker thought that Gates was crazy. History shows who was right.

So when we're talking about DLT we need to think in a much greater scope than merely a financial instrument. The power behind DLT is immense and we're only barely scraping the surface.

With this in mind, Bitcoin and similar single-purpose coins are essentially junk. Sure, you might make some money, but that's not necessarily the point. Ethereum is a very nice platform (and the most widely used to date) and will likely continue to see massive growth so long as the developers don't screw it up. I made a gazillion dollars on ETH so I've been a little biased towards them in the past.

However, as briefly mentioned by one or two previous posters, EOS is perhaps the most robust platform in existence today (if we can call it "in existence" at this point). Dan Larimer (one of the creators) is probably the most successful blockchain developer out there. While everyone else was speculating what might be possible, he built very successful platforms which most people just glossed over. EOS has the potential to be a MAJOR platform for future development.

I vote EOS.
 

Tom.V

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I vote EOS.

Same. EOS just has so much potential and with Larimer leading the charge I have no doubts as to the platform doing what he said it's going to do. They already have the likes of Bitfinex on board to develop a decentralized exchange on EOS and the tokens to be distributed to EOS holders. It will be very interesting to see what other projects they will fund moving forward.
 
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Late Bloomer

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I found these in my search for rare but inexpensive stuff, for another thread.

So these are the things I should put 100% of my life's savings into?
And I store half of them under the mattress, the rest of them in a safe deposit box? Did I get that right?

1x Copper Plated Bitcoin Coin Collectible Gift BTC Coin Art Collection Physical 690193534644 | eBay
s-l1600.jpg
 

HackVenture

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Nuls.

I do think it's still a great buy now as market cap is still only about $1xx million, and main net is going to be released real soon, currently in test net phase.

This post sums up why I'm so bullish:
https://steemit.com/nuls/@nulsiseve...most-undervalued-project-on-binance-right-now

Still need to buck up on their PR and marketing to the western world but they're working on it. An unpolished gem imo.
 
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Seniorpreneur

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100% of my portfolio is on five coins right now:

- ETH
- ICX
- VEN
- RFR
- NAS

If I had to choose one, it would likely be ETH...

Like the gold price it will always be higher than the silver price. Until the new technology comes in like Hashgraph it doesn't pay to be diversified in the cryptos since all the other coins depend on the Bitcoin price. My investment was 100% Bitcoin and made 500% on my investment and now I'm sitting on cash and haven't bought Bitcoin or any other crypto since the slide from the peak price around 19,200 USD.
 

Seniorpreneur

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Since you replied to my post, I'm going to assume you were referring to my list...

Consider that I purchased ICX at $.11 and it's now at $4. I purchased NAS at $2 and it's not over $8. I purchased VEN at $.30 and it's now near $5.

So, while it may be accurate to say that these coins won't be worth more than BTC anytime soon, that doesn't mean that they won't increase in value more (and faster) than BTC. My portfolio has increased about 50x in the past year; BTC has only increased about 5x.

Based on that, I completely disagree with your point about diversifying past Bitcoin.

Yes, J Scott I'm referring to your list. Have you sold any crypto coins yet? I bought Bitcoin at $400 CDN. I also made money on the USA/CDN foreign exchange. I sold out most of my Bitcoin holding at the Bitcoin highest peak price. Now, I'm holding 95% Cash and 5% Bitcoin. I'm also waiting for the next Bitcoin price upside move, if there is one. I'll be patient and wait for the next high quality crypto technology to take hold or possibly there might be a price recovery for Bitcoin. Either way I'm not losing any sleep over the crypto coin market.
 

Seniorpreneur

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I've sold enough to cover my original purchase amount, plus a little bit of profit. Everything I'm currently holding is profit...

That's great Scott! That's exactly what I did. Recover my initial investment as soon as I could. Then the rest is clear profit. I understand that most crypto coin investors are still holding their investments and not selling yet. That strategy is probably a good one IF the coin price continues to go up. I'm imagining that too many investors will buy high and hope to sell higher then are forced to sell at a much lower price and realize a loss. Buyer Beware!
 
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LittleWolfie

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Hypothetical poll...

Your life depends on your decision.

Pick ONE crypto currency that will survive and then thrive. Time frame, within 5 years. Die = goes way of eToys.

Pick correctly you live.

Pick incorrectly you die.

Which do you pick?

And why?

The one I make. They all have their issues, but the winner will solve the mass adoption problems of crypto. Bitcoin is HDDVD, I'm waiting for Blu-Ray.
 

TinyTim

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The one I make. They all have their issues, but the winner will solve the mass adoption problems of crypto. Bitcoin is HDDVD, I'm waiting for Blu-Ray.

So, you don't believe ANY of the current coins will be here in 5 years?
 
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LittleWolfie

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So, you don't believe ANY of the current coins will be here in 5 years?

Be here? Of course, typewriters and record players are still here. There are small niche companies who manufacture blank records for indie musicians to record on to sell to their dedicated fans who think you lose enough sound on digital media, that it is worth paying for records and players etc but iTunes is the mass consumer version.

Both have value, but no one thinks manufacters of records have the value of Apple, but Bitcoin is valued like that.

In 5 years time at this value, no. You see Bitcoin is special because it is the first, not because of any great reason.

Most of the holders are now speculators, and it's quite liquid so it could drop quite easily, once something better comes along. There no stickiness that's why ICOs are working so well. That's why there so many day traders. Crypto hasn't got out of the need space yet. When these do, that's when the format wars end. The crypto that gains mass adoption is the one that I expect to be the killer app, that devalues Bitcoin and it will be quick, because as soon as the speculators realise they will keep trading Bitcoin for newcoin, knocking the price down.

This has killed other cryptos before, because the cost of maintaing the nodes, is more than the value of the crypto, so they died. Who would plant a moneysucking hole rather than a moneytree?

Banks are working on their own (Santander has their beta users already) and Swiss banks are actively fighting them. There was a lot of rumours around Google's reachout to vitalik butterin . Do you think the average Joe trusts those more or less than unknown people?

Do you think Swiss banks are likely to have the resources needed to scale? Do you think /Google has the familiarity with deploying lots of computing power? There's cloud tokens for AWS too. Now the ICO explosion has occurred due to the erc20 making creation costs cheaper at the expense of higher transaction costs, but the customers are paid those anyway, combined with all.the money to be made.

NEO and ETH or some derrivative would likely be still around 20 years hence,(early internet bulletin boards turned into forums, in a similar manner) as will.a few utility tokens.

However, everything is priced in Bitcoin then fiat.

So anything that can solve the mass adoption problems of Bitcoin, can push it's price up at the expense of Bitcoin and all the other coins.

Bitcoin is an early automobile, crypto-Ford is building the Model T right now!

On the long game, I'd be watching ICOs carefully but going with santander/ubs/google/aws/Facebook shares in the long term, if any of those kill Bitcoin, I think they'd benefit.

Remember bitcoin is a competitor to Apple pay/Google pay and they know that. Eth offers a chance to get away from dependence on AWS servers.

Giving control.
 
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LittleWolfie

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Note that the real uses of eth use the tech not the eth.

There's a company in Germany that uses eth tech as way to provide the handshake and ledger for recharging EVs wireless from slabs in the road when stopped at traffic lights. There's other resarch under way, nano,cos, a way of storing data that avoids the need for power backup in data centres (fault tolerant massibely switchable, distributable, low power) so they can safely run on cheap intermittent renewables. They all use their own private version of etherum though. It's the difference between the internet and the companies private intranet.

Sure the tech is valuable, and those companies who are selling Private eth nodes and networks could be the next Cisco, but the only way to get exposure to those kind of things is to buy company shares.

But buying shares on the Frankfurt exchange for a company with a mundane name that's using blockchain for a practical application, isn't sexy or hypervalue short term rises.

That said over the short term, sure lots of money to be made, but I can't predict when it will devalue. I certainly wouldn't hold more than 1% of my assets there over the long term.
 

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