Out of curiosity, where do you guys stand here? O/U $6625 on Jan 1st, 2019.
either a cryptoasset is a dominant store of value, or its worthless. soon you will realize this as well.https://medium.com/john-pfeffer/doubts-about-the-long-term-viability-of-utility-cryptoassets-db04350b1f55 …
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I appreciate the info, I skimmed through it. However for me, the key threshold to even consider buying an altcoin was that the token actually has value. I have also attempted to not just put money in, but to buy a % of the total supply - reduced supply = increased demand.
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you don’t need a separate token for each use-case... all the tokens are competing to become money... also simply reducing the supply doesn’t increase demand in and of itself, read this:https://www.coindesk.com/blockchain-token-velocity-problem/amp/ …
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Other criteria I assessed. https://twitter.com/Danospano92/status/1031025863918141441?s=19 … I am aware this is a speculative investment but the potential reward is very real. Taking partial profits from these alts will also allow me to buy more
$BTC then I would have if I had simply bought it originally - % gains. -
all of these projects don’t need their own token... all the ICOs were just easy fundraising schemes, scams.
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If I'm not wrong, a cross-chain interopability solution will easily allow
$BTC (or whatever is dominant) to easily convert to native tokens. -
there is only one usecase that matters - Money
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