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RE: What to Do as Bitcoin Falls and Returns to Crypto Throne
Bitcoin is definetly the safest bet. With lightning, Rootkit (SmartContracts for Bitcoin) and the network effect which is has due to its popularity, it will most likely succeed from all the cryptos.
However, I think there are niches, which can be occupied by other cryptos in the long run:
- Ethereum cant be ignored and has great minds working on it, but the uncertainty around ICOs and the probable failure of 99% ICO projects, could make Ethereum maybe a less good investment than Bitcoin
- Icon seems to be a solid company and the Koreans probably would prefer it over Ethereum or Rootkit anyway. With rumours that Korea will allow ICOs again under strict regulatory rules, I think Icon has the best chances to take this niche.
- TenX has a great, trustworthy Co-Founder and I believe they try to be serious with their project and will make crypto spendable for a lot of people. It is popular in Germany and the German Tax Authorities clarified, that you dont have to pay capital gain taxes on Bitcoin you spend on products or services. And I think they wont be afraid to go the way to register their token as a security, because why not?
- NEO and Ontology seem to be very interesting to me, as they are building an interlocked network of dApps and enterprise solutions. But mostly I think NEO or better GAS will have a spike, if Hushpuppies (a CryptoKitty clone) will be released in summer (it looks great, will be on mobile devices and the NEO blockchain could prove that it can handle the network load)
- And finally some other great projects like SONM, OMG, ADA or EOS.
But as always... if the market drops, I am like a mice starring at a snake and not moving... regretting that I didnt bought, when the pain was the greatest.
I think you mean Rootstock, now RSK
I meant Rootstock of course, I am just an amateur
Would appreciate your insight on Ontology and how it compares with Dragonchain. Dragonchain has a good team from Disney but not too thrilled at their ICO lineup or valuation.
No positions in either.
But hasn't TenX floped after the credit card issues problems?
Yes you are right. Wavecrest was their VISA card issuer and VISA revoked their right to issue the cards. But it apparently didnt had anything to do with crypto or TenX.
They say, that they have already with another card issuer a deal, which they cant yet annouce. However they also push to get a banking licence, so they can issue their own cards (without the middlemen of a card issuer), plus with the licence they can offer crypto to fiat and vice versa exchanges.
It is a lot about trust in the team and the founders. Hard to say if they tell the truth. But from my personal judgement I believe they really try to achieve what they are promising in a professional way. You can see that because they dont try to push the price of their token with artifical news.
Interesting... I liked the idea of TenX, but never looked for more information, specially after the VISA issues.
What you said just put them under my radar now.
Thank you for the answer.
Thanks for sharing your thoughts, I appreciate insight that others can find valuable even if they don't necessarily agree. Best of luck to you!
Whats going on Crypto investor? When's your next video?
TenX.. yeah. Yikes. I’ve followed this project since before launch. They’ve done nothing but consistently let their users down unfortunately. I would not have high hopes for these guys. I’ll give them one thing though, Julian Hosp is a great sellsman. He could sell rat venom to a mouse.
He either is that salesman, selling rat venom to mice or he does really know what he is doing. TenX is my worst performing coin, by far... but I do trust him as a person. At least, I think he has good intentions and believes in his project. If they will deliever, what they promise, is another question. But not because they didnt tried, but because they failed as a startup. And there are a lot of ICOs out, who plan to live off the collected money for 1-2 years and then let slowley die the project.
But I appreciate your view... he really is a very good salesman, I am going to consider this in future assessments.