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RE: 💰📈 My Strategic Cryptocurrency Portfolio - Update #4 - Eight Long-term Crypto Investments 📈💰
Why waves? For me i'm jist not getting a good vibe from waves... Ripple i'm not a fan but i understand why some people are. All the others i agree! And one tip for as far as we can already tell, it looks like bitcoin cash has a negative correlation with bitcoin and thus with mostly all other coins. If you're looking to mitigate the risk, bitcoin cash might be the way to go. However the assumption about the negative correlation is based on my observations over a very short period of time (because bitcoin cash is so new). So i might be wrong!
Thanks for your question. Waves for various reasons :-)
It is one of the projects that actually has a good working product and they do what they say they do. Sasha is a knowledgeable guy, understands real world challenges and not only the technical ones and he is Russian, which somes in handy when you want to tackle real world challenges like crypto legislation (i.e. now legal and fully compliant ICOs on top of Waves through Tokenomica).
An interesting talk by Sasha @ Genesis Moscow a few months ago that gives you more context:
The main reasons for me to include Ripple is its relative low correlation to the others, great tech that actually is used by a lot of banks, very professional team and clear use case (getting down those transaction costs in the financial world).
Hope I made it all a bit more clear this way!
Yes it did, i will actually have a deeper look in to waves now. The lower correlation with ripple is a good point but then you should take bitcoin cash into account also!
Correlation wise that is true, but I don't see a clear use case for Bitcoin Cash that Bitcoin doesn't fulfill. I believe mining Bitcoin Cash is more profitable than Bitcoin itself right now, would be interesting to see what that does in a few months.