Which other coins to buy?

[interexchange]

Civic is a really exciting project that I believe holds lots of promise. The ICO launches on June 21. The website is here: https://www.civic.com/

The Vinny Lingham is the founder of Civic. He's one of the most respected names in the crypto space. If the concept interests you, I highly recommend listening to the podcast for more info on the product as well as the manner in which the ICO will be conducted: 

https://itunes.apple.com/us/podcast/unchained-big-ideas-from-worlds-blockchain-cryptocurrency/id1123922160?mt=2&i=1000385946011

Vinny and his team are intentionally playing things a bit close to the vest in terms of disclosing existing and potential business relationships. I believe he wants to get through the ICO period without it being over-hyped, and perhaps because of other business reasons.

[enrique11]

I'm not a fan of ICOs. I try to avoid them if I can, unless the amount of money raised by them is not astronomically high, or they have such a phenomenally good concept and development path along with raising heaps of cash during the ICO phase. I prefer "coins" that arose from grass-roots movements, like LBRY, for example. I generally prefer to get "coins" that have long-term potential and are generally "under the radar"  as well as undervalued  so my returns are maximized over the long haul if they succeed. I buy in and hold long term, not selling once I buy in. To me, trading is a waste of time, a distraction from the true value generators of this space, the "coins" themselves.  I only trade a few times if necessary only  to get a better buy-in position for long-term hold and that's generally it.  Anyway. there are so many exciting 'coins' out there. Here's an update to the ones I'm holding now in terms of descending order of current market value of the amount of each cryptocurrency held:

XRP, LBC, SC, XLM, ETH, PTOY, ZEN.

Edited June 23, 2017 by enrique11

[enrique11]

On 6/16/2017 at 10:13 AM, interexchange said:

Civic is a really exciting project that I believe holds lots of promise. The ICO launches on June 21. The website is here: https://www.civic.com/

The Vinny Lingham is the founder of Civic. He's one of the most respected names in the crypto space. If the concept interests you, I highly recommend listening to the podcast for more info on the product as well as the manner in which the ICO will be conducted: 

https://itunes.apple.com/us/podcast/unchained-big-ideas-from-worlds-blockchain-cryptocurrency/id1123922160?mt=2&i=1000385946011

Vinny and his team are intentionally playing things a bit close to the vest in terms of disclosing existing and potential business relationships. I believe he wants to get through the ICO period without it being over-hyped, and perhaps because of other business reasons.

Yes, looks interesting.  Any "coin" that attempts to tackle and solve existing legitimate problems like international payments (Ripple), and identity verification/theft, etc. has potential; whereas, pure cryptocurrencies in general are offering an alternative to fiat currencies, which can have potential too, but aren't solving pressing issues in the near future when compared to "coins" like ripple. I don't really see fiat currencies as dealing with fundamental, pressing issues/problems unless you're in a country in which the government can't be trusted not to touch people's fiat, like Cyprus or countries with hyperinflation, large proportion of unbanked, and/or unstable governments, etc.

Edited June 23, 2017 by enrique11
correction

[Guest]

1 hour ago, enrique11 said:

I'm not a fan of ICOs.

me either, but getting in on them and knowing when to sell can make you a small fortune, at least it has for me

[enrique11]

7 minutes ago, zerpdigger said:

me either, but getting in on them and knowing when to sell can make you a small fortune, at least it has for me

Yes, true. ICOs often sell heaps of discounted "coins" and these often get dumped on markets soon after they open.

Edited June 23, 2017 by enrique11

[Guest]

Just now, enrique11 said:

Yes, true. ICOs often sell heaps of discounted "coins" and these often get dumped on markets when they open.

yep, 99% are just scammy ways of generating income for devs/projects that would never, ever get the kind of funding from smart investors they're looking at getting from the madness of crowds

obv some ICOs are great and it's an interesting new funding model but... the way i look at it, assume it's a scam or dud, get in early, make INSANE returns you'd never see anywhere (and maybe never see again in our lifetime) -- like sometimes 1000% or more -- and get out, before the flood of sells from others comes in from folks doing the same as you (i.e. don't really care about the actual project)

[enrique11]

9 hours ago, zerpdigger said:

yep, 99% are just scammy ways of generating income for devs/projects that would never, ever get the kind of funding from smart investors they're looking at getting from the madness of crowds

obv some ICOs are great and it's an interesting new funding model but... the way i look at it, assume it's a scam or dud, get in early, make INSANE returns you'd never see anywhere (and maybe never see again in our lifetime) -- like sometimes 1000% or more -- and get out, before the flood of sells from others comes in from folks doing the same as you (i.e. don't really care about the actual project)

 

Yeah, that's one way to invest. There are many paths from A to B. Fortunately, all of my coins are doing over 1000% except the last two which I only recently invested in (and ETH doesn't count since I only purchased it as a celebratory gesture to commemorate the union of ripple and ethereum shortly after the news about them broke out). The point is there are many ways to make money in this space....some probably do it trading, others via ICOs, and yet others by buy and hold, etc.

Edited June 23, 2017 by enrique11