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

[nitrousflame]

The fact that they are adding in Smart Contracts makes me think they're getting distracted. I don't think every coin should support smart contracts, and would prefer if there were coins that did not - such as BTC, IOTA, DASH, etc.

While I don't have a strong opinion on whether or not this should be considered a distraction, I do find it interesting that Vitalik originally considered developing smart contracts on top of BTC, but even back then "certain core devs" were working against him by limiting/censoring components of the protocol thus making smart contracts on BTC a non-starter. (Source: Vitalik "Not giving away ETH" Buterin on Twitter )

There's room for a coin that just does medium of exchange and store of value REALLY well, and BTC does both of those in spades.

I'm not so confident about this, and it's a big reason why I'm skeptical of the future of BTC. It was only a couple months ago that average transaction fees were above $20. In my opinion, this makes for a horrid medium of exchange. If they were willing to take a dual approach of a dynamic block size increase AND developing a second layer network, I would feel a lot better about it, and it would negate some of the reason for BCH's existence. But alas, here we are.

 

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[Yoda]

I'd choose Vechain. No brainer.

Business partnerships, scale, and active, in-use products, on top of separating itself from the follies of the market with the approaching mainnet, coupled with the two-token model for income (or re-investment) throughout the "required" HODL is, to me, unbeatable.

 

[GDIBass]

I was just finishing reading TMF last month, and one of the big themes that stuck with me was the "if everybody else is doing it, then you won't make money doing it" theme. At the time I had a small amount of crypto and every single one of my coworkers/friends (even the non-technical ones) were talking about how huge it was. I took the advice from TMF and my observations of the state of crypto and got out. This was when BTC was at about 12-12.5k.

I was happy with the decision, both because of the near immediate drop following, but also I realized I was putting a bunch of time into watching coin prices get pumped, fluctuate and move around. I made a decent amount off cryptos and now I'm putting my time and focus into other things that I think could be more lucrative and less stressful.

So I guess my answer is Tether?

 

[nitrousflame]

So I guess my answer is Tether?

I'm going to guess (hope) that you're joking. Trading crypto for real USD is one thing, trading it for Tether is a whole different animal. No thanks.

 

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[GDIBass]

Lol yeah it was... I definitely don't have any money in Tether

 

[Mineralogic]

Hypothetical poll...

If you could only invest in ONLY ONE cryptocurrency -- meaning, you had to sell EVERYTHING and only HODL one, what would it be?

And why?

Ethereum

most LT potential to do many, many things if successful globally. Also has what, 200 major corps aligned with it

LTC is a steal here too

 

[Mineralogic]

This is a really interesting question, especially considering the source. I also find it exceedingly difficult to answer!

Bitcoin (BTC) is like the S&P of crypto and it's still very difficult to hedge it with any other coin. Sure, other coins are very capable of making bigger and faster moves, but they tend to move with BTC for the most part. In my opinion, this trend will continue until there are more fiat on-ramps into other coins directly. This is one reason why I'm not planning to re-balance my BTC-heavy portfolio, at least not today.

BUT...

BTC is no longer what I was originally excited about ~5yrs ago, which was a decentralized electronic cash system with a limited supply. I could go into more detail, but basically I strongly disagree with BTC's choice to solely pursue off-chain scaling, especially considering Blockstream and the investors behind it (seriously, take a look). For this reason, I have added Bitcoin Cash (BCH) on top of what I got automatically via the hard fork. BCH is actually closer to the original Satoshi whitepaper than even BTC is. Anyway, this now accounts for my second biggest holding in terms of dollars.

Finally, Ethereum (ETH). If I had only just discovered cryptocurrency today, I think this would be my "one coin HODL." While I'm not yet ready to sell everything for Ethereum, and its price is still influenced by big BTC, it is the easiest coin for me to support. Also, all of the awesome use-cases aside, Vitalik just seems like an actual decent human being.

I agree, mj and others reading this. GO overweight ethereum ( lots of fake forced selling recently due to eos/ico's worried about sec regulations) but make sure you got some btc, ltc, and bch/ bitcoin cash. I hope you all saw the Kevin/Shark tank news recently. This is going to allow so much unlock of value. Kevin is involved with putting a NYC hotel property on the blockchain for sale/trading/unlocking of value with asset backing the token so you get ownership. Awesome stuff happening with smart contracts and asset backed tokens on ethereum chain and others.

I love that there are non stop trolls attacking bitcoin cash too/ who is trying to maintain bitcoin fork as close to what satoshi wanted.

 

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[csalvato]

I'm not so confident about this, and it's a big reason why I'm skeptical of the future of BTC. It was only a couple months ago that average transaction fees were above $20. In my opinion, this makes for a horrid medium of exchange.

I don't believe medium of exchange means that it needs to be cheap to exchange.

For example, let's say you are housing $1,000,000 in BTC as a store of value. Exchanging that value on the BTC blockchain would cost you $20 (or 0.002%). Even if it was $2000, it would be a 0.2% transaction fee.

In today's world, IMHO, there's no better store of a huge value than BTC. All other options involve banks (inefficient bureaucracy + corruption), storing physical goods (gold, collectables), or something else that has a host of drawbacks.

Once BTC's price stabilizes, even if the transaction fee goes up 100x, it is definitely a way better store of massive value + medium of exchange than most any other option.

It doesn't need to be the "every man's coin" to be viable. That's why I think BTC is the best coin in current existence when evaluating long term staying power and potential.

It's proven. It works. And when talking about large sums, it's by far the best in class so far.

When it comes to smaller sums and micro-transactions, there's an opportunity - both within BTC, and without. It's a different problem that has not yet been solved yet.

BTC, though, has proven it has solved a problem. That's why it's the leader.

Just my take.

 

[nitrousflame]

For example, let's say you are housing $1,000,000 in BTC as a store of value. Exchanging that value on the BTC blockchain would cost you $20 (or 0.002%). Even if it was $2000, it would be a 0.2% transaction fee.

This is a fair point, and if you and/or the market are fine with this being the future, so be it, but I'm left wondering why it would be necessary in the first place. After all, even Satoshi never intended the block size to remain at 1MB indefinitely. Fortunately, the market has spoken and has provided us a choice. Unfortunately, at least in regard to the thread topic at hand, that choice makes it extremely difficult to pick just one!

 

[csalvato]

This is a fair point, and if you and/or the market are fine with this being the future, so be it, but I'm left wondering why it would be necessary in the first place. After all, even Satoshi never intended the block size to remain at 1MB indefinitely. Fortunately, the market has spoken and has provided us a choice. Unfortunately, at least in regard to the thread topic at hand, that choice makes it extremely difficult to pick just one!

To be fair I don’t think this is the future of all crypto, just why I believe BTC has a high probability of staying a viable player in the crypto market for many years to come.

I think a smart contract coin + a solution for faster and cheaper transactions + a host of application specific block chains (like Vechain) all have a place in the future marketplace.

 

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[million$$$smile]

I agree about Vechain,

But I think under the radar, Ambrosus is a great 'picks and shovels'.

I believe they've got a great supply chain solution for food and pharmaceutical industries to reliably record the entire history of products, ie "farm to fork"
Plus the tokens are cheap right now...

 

[GoGetter24]

If I had to, Bitcoin.

Peter Thiel had an interview recently where he says Bitcoin specifically still has potential (not crypto generally). I'd be inclined to agree. Out of all of them, Bitcoin has the primary ingredients necessary to
possibly ignite into more general use.

It's the original, it has a fixed stock, it has the widest public knowledge, and it has the vogue of the mystery of Satoshi Nakamoto. If cryptocurrency will ever become a serious contender in ecommerce or commerce generally (which I doubt unless there is a broad break down of state control), it will be Bitcoin.

 

[LifeTransformer]

It's nice to see someone mention Nano above, I like that project a lot.

The only major problem is Nano hasn't got any fiat on/off ramps (yet), but if it can get that problem sorted it could be a big one.

P.S. No shilling, not holding any at the moment because of that reason.

 

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[Hai]

This thread indeed exposes the true feelings about coins.
EOS and TRX are both coins I never considered investing in due to high risk of no working product and unbelievable promises.
They may be utter ****coins.

However, according to their -promises- they have the POTENTIAL to overtake ETH and BTC easily, which is why I irrationally considered investing in them as an all-in coin.

Probably this explains their incredible market cap....which is all based on promises.

Realistically, it would be Wanchain.

 

[Seniorpreneur]

Hypothetical poll...

If you could only invest in ONLY ONE cryptocurrency -- meaning, you had to sell EVERYTHING and only HODL one, what would it be?

And why?

I believe that the 'only one' cryptocurrency was Bitcoin. Why, I bought it at @ $400 and made 500% ROI. At the present time I'm holding CASH. Nothing out there is attractive for me. It might be possible that another coin (s) could be created as a potential investment. You'll need patience to prosper. if you don't do your due diligence you might lose everything.

 

[Carnage]

NANO.

-Zero transaction fee (good for any sort of payments, especially micro-payments)
-Near Instant transactions (obviously useful for a currency)
-only ~$1 billion marketcap (this means it has high room to grow compared to other currency coins like BTC, BCH, LTC)
-Not on many exchanges, so not everyone currently has access to this. I expect the price to go up when listed on more exchanges
-Not heavily adopted but slowly getting more online merchants to accept NANO.
-It's green. It is not a minable coin, so no wasted electricity has to go to mining this.
In the long run, I see mining as a big detriment to the environment.

Not shilling. I'm currently in BTC and USDT since I'm just trading. It's a bad bear market right now. PLan to go heavily into NANO when the time is right though. ETH is my 2nd choice. BTC is a no-go for me for long term.

 

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[TinyTim]

VeChain - Already gone all-in (back in early December).

I started off just riding the crypto-wave, swapping from token to token. But I wanted to invest into something that had the potential to survive, even if the "bubble" were to pop.

Many cryptos sound cool, but what do they do? Is anyone actually going to use them? When answering these questions, it's pretty easy to put a line through 95% of the market.

VeChain aims to be the ultimate trust machine, providing Blockchain-as-a-service to many of the largest organizations in the world - To enhance the global business eco-system. This applies to: Supply chain, luxury goods, auto, pharmaceuticals, and more.

Some partners:

• PwC
• DNV GL
• D.I.G
• KUEHNE+NAGEL
• HYPERLEDGER
• BABYGHOST
• China Unicom
• MadeForGoods
• Jiangsu Printed Electronics Co., Ltd
• Xiamen Innov Information Technology Co Ltd
• Healthcare Co. Ltd
• BitOcean
• Hubei Sanxin Cultural Media Ltd.
• fanghuwang
• Chinese Government
• iTaotaoke
• Michigan State University
• Yida Future
• Mathematical Institute at Oxford University

Investors/Advisors:

• Breyer Capital (Jim Breyer)
• Fenbushi Capital
• DFG (Tim Draper)
• Future Capital

VeChain is still viewed as just anti-counterfit, but it goes way beyond that - It's actually an enterprise-focused dApp/ICO platform as well. The first will be BitOcean, an ATM solution/Digital exchange that will have direct fiat/VET pairings (approved by the Japan FSA).

Basically, most cryptos are promising what they will do in the future. VeChain is already doing it.

 

[windchaser]

Leaving aside that I would never put all my eggs in one basket, and even less in am speculative investment, my top crypto holding (along with ETH) and favorite project right now is Enjin Coin (ENJ). Here is why:

1) Big industry to which the project has a big potential of improvement (gaming industry).
2) The company behind this project is a big player in the industry. Has big backing by the gamer community and has strong expertise.
3) The product creates big value to users: tokenization of virtual goods that can be held by the gamers and exchanged freely by them.
4) Despite there are competitors trying to achieve the same thing, I believe the Enjin team is following the best approach. While others are focusing on hype and obtaining holders, Enjin is focusing in the tech and in making it implementable by game developers and focusing in partnerships enabling plugins with big platforms. They also take into consideration the input of their big gaming community.
5) solid whitepaper and roadmap, and they have been delivering so far.

My biggest concern is that market cap is still quite small (right below top100) and hence more prone to price swings and manipulation and that, like all crypto investments, prices are influenced by bitcoin.

I wouldn't hold forever (nor this not anything) but in three years horizon at least, I see this as a very solid project. I believe there are projects with bigger magnitude potential (such as ETH, EOS, ADA...) but it is difficult to know which ones will dominate in the future.

Enviado desde mi SM-G920T mediante Tapatalk

 

[BackOnTrack]

Ok, I was going to say Casino Coin, but that has been mentioned a few times above, so I will go with COV.

COV or Covesting is a platform ( and ultimately an exchange) which allows an investor to automatically copy the trades of professional traders.

Due to the volatility of the crypto market, traders who are successful are seeing remarkable profit.

When copy trading, a % fee is only paid if the trader generates profit and the fee is paid when you 'unfollow' the trader.

Price right now is below ICO price level and a great entry point.

The platform is going into Beta phase on 30 March where 200 users are going to test the functionality and the traders will build up a trading history/results.

Platform is going live Q3 2018.

A company where I actually understand what they are doing and understand the service they are providing.

 

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[garyfritz]

-It's green. It is not a minable coin, so no wasted electricity has to go to mining this.
In the long run, I see mining as a big detriment to the environment.

I think this is important. Bitcoin mining currently burns energy at an annual rate of almost 60 TWh -- enough to power more than 5 million (US, energy-hogging) households. And it's tripled in the last 6 months. At this rate it will consume more energy than the rest of the US economy within a year or two.

That's ludicrous. The societal costs of those "transaction fees" are unacceptable IMO. Any PoW-based crypto has this problem. BTC needs to die and be replaced with an efficient PoS coin.

I wonder if Satoshi had any inkling of this...

 

[Carnage]

Some very good choices in here and well researched.
I will say that "HODL" is just a meme, and you should definitely take profits.....Crypto bear markets are brutal.

 

[John March]

Hypothetical poll...

If you could only invest in ONLY ONE cryptocurrency -- meaning, you had to sell EVERYTHING and only HODL one, what would it be?

And why?

ripple because institutions (like banks but not only) are working on it to be able to use it. But the problem is that the principle of cryptoassets is to be a decentralized system whereas institutions are looking for regulations about it... we'll see... (ripple is based on Ethereum blockchain: mining is done with "proof of work"). Moreover, the upside potential compared to the risk incured is much more interesting than the potential of bitcoin (with a "b") or ethereum...

 

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[MJ DeMarco]

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.

 

[NanoDrake]

@MJ DeMarco

Lol, stakes getting higher! I would still go to BTC.

 

[PedroG]

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.

VeChain, for the reasons stated by @TinyTim (post #48)https://www.thefastlaneforum.com/co...cryptocurrency-which.81523/page-2#post-684033

 

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[LifeTransformer]

ripple because institutions (like banks but not only) are working on it to be able to use it. But the problem is that the principle of cryptoassets is to be a decentralized system whereas institutions are looking for regulations about it... we'll see... (ripple is based on Ethereum blockchain: mining is done with "proof of work"). Moreover, the upside potential compared to the risk incured is much more interesting than the potential of bitcoin (with a "b") or ethereum...

No it isn't.

 

[Coalission]

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.

What constitutes failure? That it's not around in 10 years? That the price is lower in 5 years than it is now? I'd probably go with ETH because

and

https://entethalliance.org/members-2/

 

[MJ DeMarco]

What constitutes failure?

Gone, like eToys gone.

Time frame, lets say 5 years.

 

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[BackOnTrack]

Ok, then honestly, if I had to choose one coin, if my life depended on it, then quite frankly I wouldn't choose any crypto coin.

The coin I would choose is silver.

 

[4Ring_]

NAS because of DIP (developer incentive protocol) and the programming language of choice (JavaScript) making it an attractable, self-evolving/fork-less (Nebulas Force), search platform for all smart-contract dApps that are created on a blockchain. To me that suffices as enough grounds for NAS to be around in 10 years from now when most of these shitcoins will be weeded out. Plus the dev team isn't concerned about marketing or spamming up the price of their token - they have a thorough focus on the future and revolutionizing the space which is the long-term thinking I appreciate when analyzing cryptos in a vacuum.

Of the ones in your list, Ethereum is the one I would ride or die by.