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RE: Is Bitcoin still the market leader??
An intelligent well-rounded post on crypto. I like it and thank you for the coverage. I've not looked into Litecoin but I'm definitely going to soon.
I'm still learning both sides of crypto trading (fundamental and technical) but I already know that if the project doesn't sound like it's going to survive in the future blockchain markets it doesn't matter what the charts say.
Or I'm hoping that's the right way to look at things hehe.
Thx @fulltiltcrypto, and yes I believe you are looking at it the right way. It is really difficult to analyze the fundamentals on crypto, as there is no history to show us what method works best. Development is moving so fast and who knows what game changer can hit us this year. EOS looks like a big competitor to Ethereum this year, but it will probably come down to where the DApp developers stick their hooks. Maybe Ethereum has too much of a head start already, but maybe it is too slow and developers will move to EOS. History has shown that it is not always the technically better product that wins out. For now, I believe it is best to stay nimble and not get married to any one project.
A lot of people like EOS but I'm not feeling it. I know Dan Larimer is involved and that it has a $1bn dApp fund but it wants to be the big kahuna and it's too early for that play. For instance Cardano wants to be a platform that brings financial institutes to countries that don't have the infrastructure. Ripple wants to be the trading connection between fiat and crypto. NEO wants to be a government compliant platform. Qtum wants to be an enterprise platform. They have goals which appeal to different dApps developers so they aren't competing with everyone. This theoretically allows growth (even though Cardano picking Haskell as a coding language is mental). EOS on the other hand just wants to go toe to toe with Ethereum and that in my opinion is a risky play. Especially when AELF, NEBLIO, LISK and others are doing the same thing.
Obviously this is my rookie opinion and now I've said it, EOS will be worth $200,000 per coin tomorrow hehe. Yet I can't help how my gut feels on this.
I was using EOS as an example more than a recommendation :), as most Steemians have an attachment to it through Dan.
As I have written in earlier posts, I am a forex trader who has come to Steemit to learn and tread the crypto path. There are too many, lets use the term, un-quantifiables yet in crypto currencies to get me overly excited about this space. I think I saw a figure of 59% of all coins or tokens failed in 2017.
I am throwing my forex trading head at crypto to see how my trading methods would hold up here. I am however picking up some coins of assets I like, for a HODL in small lots, when I believe they are at a buying level. Liquidity is much too low yet for me to go trading, as one whale can blow you out of the water.
I'm delighted to have your rookie opinion on cryptos here anytime, as you certainly look to have more than a see and buy approach. Thank you, and enjoy the journey. Talk soon :).