RE: You are the Elites: Financial Newsletter review and how you are secretly smarter than veterans + My outrageous prediction and Why Bitcoin will never be P2P Electronic Cash
Cryptocurrency are digital assets. By definition they have no intrinsic value. The only value a Cryptocurrency has is it's use. To elaborate more, I'd say it's about
Utility
Usability
Scalability
Please take a look at Bitshares and their smart assets. It should solve practically everything you expect BTC to solve. I've seen https://nubits.com/ which is a stable currency. If you need a store of value, just buy Gold/Silver/Platinum etc. Bitshares have the crypto version of Gold and Silver. These smart assets are backed by BTS to hold the value of the physical counterpart.
https://coinmarketcap.com/exchanges/bitshares-asset-exchange/
I'm guessing there could be multiple p2p coins
Currently I have high hopes for Dash, NEM, PIVX and with more research I've also come to love Verge.
I have been hearing a lot about Bitshares, started looking them up with Bittrex decided to delist it a few months ago. It clearly threatens current order as you said. However don't you feel - Bitcoin has too much of a lead to really get disrupted in next 4-5 years? But after reading your thoughts on Bitshares, I'm beginning to rethink my current understanding. BTC is concentrated mainly in hands of some early adopters and silicon valley VCs and investors who understood the potential. From what I heard huge majority of BTC is locked up with folks who will never trade it. Now when old world money gets in they will be at disadvantage in this new world of money, so they should back something like Bitshares early to compete. Thanks for replying, I'm certainly going to do more research into Bitshares
That's one thing I touched up in the post.
For one these guys are behind the curve. The tech is evolving fast. Alt-coins are the new Bitcoin. ICOs are already several times the VC market. 2018 will be an year of Alt-coins. Just Imagine what Ethereum achieved so far stating from scratch. @haejin claims BTS will go to $342. I'm pretty sure $120 will come easy. That's X200 gains.
BTS can handle the volume of NASDAQ. That's a lot.
Where do you think NEM can go this year?
I'd say at worst $4-5
Cryptos are very volatile and many things happen in an year. NEM has only started showing its colors and It's pretty big in Japan. You know another something that was big in Japan: ADA
NEM has a serious chance at overtaking ETH but I'm not too sure it'll happen next year.
If it gets equal to ETH it would mean $8 NEM with todays values.
And it could happen. $4-5 was the worst case scenario.