You are smart, Could you share your experience more?
Thanks but I try to avoid giving specific advice or appearing to promote specific currencies. My goal is to avoid the shilling found on other crypto sites.
My gut tells me that the most popularly traded cryptos have another run coming. But many of the smaller coins and tokens may be left behind. If we knew which ones as when, we’d all be filthy rich.
It seems money is building on the sidelines with each new story about opening up bitcoin to new investors. With crypto indexes, Coinbase growth, institutional custody options, and traditional exchanges announcing plans to offer trading, upward pressure should eventually come.
But it might only be for the most common names like bitcoin cash, bitcoin, Ethereum, XRP and a handful of others. Convincing Wall Street to buy Cardano (for a popular example) or most coins from 25-1400 in market cap rankings seems like an uphill battle.
What’s the value proposition? Where does the revenue and profit come from with Sia Coin, Gnosis, Golem or any other of the 1400 projects out there? Who will adopt decentralized cloud storage solutions from small vendors instead of going with traditional vendors Amazon, Google and so on? Especially if they develop a blockchain solution and create hybrid decentralization. Who will pay for “prediction markets” and how does that translate into increased price for Gnosis?
The next phase of crypto will see the best rise from the pile and some new projects with better focus and attractive commercial products. That’s where investor focus should be.