Let's Talk About Money, Personal Experience about Investing in Virtual Digital Encrypted Money

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Let's talk about money, it's not a shame.

Familiar with my friends know that I play the counter currency virtual currency - blog circle to write articles on Bitcoin I may count one, although put little, right when a hobby.

But now there are a lot of people want to go through this overnight riches. Some people want to through a variety of ICO, all kinds of cottage coins, or even through futures, engage ten times the leverage, to leveraging a larger amount of money, but also a beautiful imagination to marry the scene of white rich. I think this is not a good thing, but also unrealistic things.

I personally think that virtual currency is the inevitable result of social and technological development, block chain technology is undoubtedly a great potential for emerging technologies. But this does not mean that each of us can achieve financial freedom from this. The work also needs to work, work or one of the most glorious things.

In my understanding, the vast majority of cottage coins are misappropriating, there is no practical value, it can not create wealth. The vast majority of ICO, and some even a description of the white paper are not, all by the so-called founder of a mouth, overnight will be able to circle hundreds of millions of dollars. Like this, everywhere.

A misappropriating thing, destined to only some small people can make money, the whole system is a zero-sum game, and even has not come and create profits have died. If you know that this situation is also involved, loss of money will not blame others.

So in the choice of currency, I look to see whether the product is really innovative value, whether it really can bring practical value to the community, or to reduce the operating costs of a thing. For example, the following four products and currencies, I was so considered.

Bitcoin: the owner of the encrypted virtual currency - it is finished all the other end, received the highest degree of credit, how many rounds of the hand after the user base is the most solid - there is no so-called big banker to easily Manipulate its price. Its role is to reduce the cost of bank transfer, while the essence of deflation makes it to long-term appreciation.

Littoin (Litecoin): Bitcoin's brother, bit gold, Wright silver. Its founder is very stable, strong development efforts, and even ahead of the use of Bitcoin can not use the new technology to test (isolation verification, will implement the lightning network), Bitboy transfer speed, low cost, low face value, It has the meaning of its existence.

Bitcoin Cash: A new currency that bifurcates out of 2017, which represents the branching test of the practical flexibleists on the original bitcover. It may be in its literal meaning "cash" this aspect of development, and truly become the medium of the transaction. While the classic Bitcoin if not changed, may really become a digital gold, as a storage medium of value.

Ethereum (Ethereum): with all the digital virtual currency is not the same, it is the realization of intelligent contracts. The encrypted currency solves the banking problem, and the smart contract solves all the mediators that need it, and the cost of reducing the social operation. And as the ancestor of the intelligent contract of the ether square, long-term view has no small potential.

After a clear understanding of a product, in their own financial capacity within the scope of appropriate investment (such as 10% of the wealth range), do not have to chase sell down, waiting for long lines. Make money is worthy of things - finally confirmed their extraordinary vision, even if the loss of money will not be trampled down, when involved in the most avant-garde social experiment. This is not the mentality of gamblers.

Obviously, the example I cited above is just an example, and it only means that I have a simple view that is entirely my personal subjective view. With the market, at your own risk.

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@raviraj4you thank you to read this post.

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