VLOG#3 THE 3 SIMPLE RULES WHEN CHOOSING CRYPTO!
Today I'm going to share with you my 3 simple rules when researching new crypto currencies for investment.
Free transactions - in the future there will be free transaction coins and payed transactions, which one would you choose?
Not mineable - the computing power we use today for some coins is just not need if we have the options for a better technology coins without the need for miners.
It has to have a total supply max cap. Otherwise its just like FIAT currency, it does not have good future.
If you find a coin that marks all 3 of those, let me know of that coin ok?
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I am not sure about second rule because the all idea was to mine crypto currency with your own PC. I think ASIC resistance minable coins = freedom. All this new technology's looked very centralised.
That is a fair point.
hodl hodl hodl :)
hodling!
Raiblock checks all three criteria, but then there's Bcash, Ripple and Iota doing stuff better than Bitcoin, but Bitcoin being the OG wallstreet money is gonna flood in there, so short term your points don't hold true but long term it is the Crypto future :)
Thank you! Talkin long term, that is the name of the game! :)