The Battle of Cryptos

So many Cryptocurrencies out there and everyone ot them claims to be THE ONE! Well, maybe. But everyone who is in crypto and blockchains for a while knows, most of the coins listed on Coinmarketcap are actually not that great. Very few of them have actual real life use-cases. Most of the coins don't really solve any Real-Life-Problems (they tell you that, but they actually do not) and are only used for speculative purposes.

For now this is ok. Everyone gets a chance to proof what he can do and what not. This is actually a good thing for the developers as they get funds they can use to work on their product. And competition is good too, because it leads to building better products and platforms.

Sooner or later the bubble will burst

Seventeen years ago, the internet bubble bursted. The NASDAQ fell from a high of 5,132 in March 2000 and lost about 78% in the following months. Investors suddenly sobered up realised that web businesses with little or no revenue or at least not solving real world problems were fundamentally worthless. Companies worth billions went to zero. Good  companies were dragged down with them: Cisco lost 86% of its market cap. Amazon stock fell from $107 to just $7.

We all know that this will happen to cryptos sooner or later too. And I am not talking about a dying Bitcoin or a near zero dollar crashing Ethereum. No! I am talking about the hype and the speculative money. There are many coins that don't even have a working team behind it and still have a marketcap of millions of dollars.

But for now, this is how the crypto world works. And as I said, It's ok for now.

Everyone wants a piece of the pie and everyone wants to make some money. So they follow the hype and throw their money on whatever project is beeing hyped up on Youtube, Twitter, Facebook,....

What can we learn from the Dotcom Bubble?

Like in every bubble there are some companies that actually have real value and solve real world problems. For example look at Amazon. It got really hurt through the bubble but now it is one of the most valuable companies in the world. It's stock is now trading at about 1000$/share (after the bubble burst it was 7$)

Why? Because it had real value to the people using it. It made ecommerce easy and solved many problems of the ecommerce online market we had at this time.

So, who do you think has the best chance to become a long term winner in the crypto world? Tell me your opinion in the comments and choose your top 5-10 cryptos you think will survive long-term and why.

Wait!!! How can I get the 100 NXT? 

Of course! Almost forgot! *just kidding* 

1. Follow me: @askaran
2. Upvote this post
3. Write a comment with following:
   1) Your top 3-10 cryptos that you think will survive long term (and why)
   2) Write your NXT Address at which you want to receive the 100 NXT coins
   If you don't have an NXT wallet, you can download it here: NXT Wallet
4. I will choose randomly 10 people from the comments send them 100 NXT each.
5. Giveaway ends on 23:59 UTC on June 11th 2017

PS: If this post gets enough upvotes and return, I will expand the giveway and send out more NXT to more participants.

Oh, in case you are wondering what my top long term list is. I will tell you in another post when I am finished with my research. But for now I am invested long term mainly in the following coins:

1. Bitcoin
2. Ethereum
3. Steem
4. Ardor / NXT

As I said, this is just my Investment. I will make a detailed Top 10 long term winner list (from my opinion) and why I choose them in another post. I have to finish my research on them first :)

 If you have any questions, don't hesitate to ask. And if you liked this post please VOTE UP, RESTEEM, COMMENT and FOLLOW @askaran for more crypto/investing tips, news and daily life posts!