CryptoKick Observations August 27

Hello Cryptoverse!

Disclaimer: I am not your financial advisor and this is not financial advice. This is just my personal view on the crypto currency market. Please, do yourself a favor, only invest what you can afford to lose.

Welcome to CryptoKick! Your one stop shop for CryptoCurrency news, ICO Reviews, and Portfolio tips. Today's observation is authored by Bruce Parker.

News: Mark and the Machines

They say the best time to plant a tree was yesterday, the next best time is right now. I am not sure who said it but I think he was low key saying "buy into Crypto." Remember when everyone thought this was just a dark web fantasy coin? We still have non-believers but the list is starting to shorten as the realized profits keeps climbing. Hedge fund clients are starting to ask about Bitcoin and debating whether it should be in portfolios. People like the Game are willing to try an ICO scam while Money Mayweather promotes a coin right before punching people. When a guy who can't read is talking about blockchain tech, you know some bigger players are coming.

Hey look who it is! It's a fad, a bubble, not touching it Mark Cuban! The owner of the Mavericks has invested in not one, but two Crypto endeavors. He has invested in 1confirmation, a hedge fund which aims to help develop start up coins prior to ICO's. It is described as more venture capital than a traditional hedge fun but I digress. The move aims to help startups realize their product and then selling the coin back to early investors at a discount.

The second investment is called the Mercury Protocol. MP is a decentralized chat service with privacy at the forefront. They boast the messages will be forensically unrecoverable after deletion. The platform also aims to be an ecosystem where information can be shared securely across applications within said system. Some of this protocol already exists in an app called Dust, also developed by Cuban's team.

In my humble opinion, this sounds like Cuban is just moving his current product into the blockchain space. I am excited yet fearful when things like this happen. How many subpar, or relatively unknown products, will slap "decentralized" and "blockchain" as a rebrand to gain capital? Currently, the ICO market is a pool of Futurama Fry meme's waiting to get taken for a ride. This is going to lead to more Paragon's and Mercury Protocols. While in the short term I believe the exposure is great, the long term could be damaged by people looking for a quick buck vs advancing the space.

Remember when you wanted to mine bitcoin but your negative, slightly more knowledgeable friend Ryan said you wouldn't get anything mining with that toaster under your desk? Let's assume he looks like Roger Klotz [not you Macklemore] and laughed at you with his two insecure buddies. Well looks like you may have the last laugh after all.

The Chinese corporation Midea Group is a major appliance giant in China. It's a Global Fortune 500 company with some real cash to burn. They also have a certain interest in bitcoin patents.

They recently published a patent that describes bitcoin mining powered by household appliances. This includes things like air conditioners, thermostats, hell even that toaster could be a smart device capable of mining crypto. While they have a long way to go before having a working product, it shows that the application of Cryptocurrency is widening.

I have no idea if I will ever have a refrigerator mining bitcoin while cooling my left over green curry but a man can dream.

Side Thought: I would be cautious about all of these dapps and platforms with niche utility. Remember when people were going app crazy and wanted a different app for every single use case? What happened? People got tired of everything being segregated and swung the other way. I think in the long term, the winning protocol will do everything. Why do I need a coin for privacy and a coin for smart contracts? This is the main reason why I think Ethereum is the winning horse. They are taking big steps to eating all of the features that other protocols boast about having.

Portfolio Talk

In the spirit of transparency I will always let you know which picks I am personally invested in.
I will always do my best provide accurate assessments based on the macro economic climate, technical analysis, and coin fundamentals. Most of my opinions center around medium term positions.

If you followed my Thursday picks from Twitter or Telegram you are in QTUM and ZCoin. It always exciting see you guys profit! I am happy I can help you guys in this space- I would do it full time if I ever got the chance! My picks have been unsustainably accurate lately so I hope you are profiting from the hot streak.

Below are a few coin's I find interesting:

QTUM: 15 USD Range
HIGH RISK at this point. I tweeted and telegrammed this on Thursday when it was 12-13 USD. It is being listed on a large Korean exchange in a few hours. Think Bittrex with only 5 coins. I am not sure what the market already priced in as our system does not have an indicator for this situation yet. We are learning from recent moves but right now it can range from a parabolic gain to a non event followed by a dump in the US markets.

OmiseGo: 7.95-8.15 USD Range for a reasonable buy in
Sideways trading the past week and multiple announcements coming between now and end of September. This coin has the fundamentals, people, and network effects we talk about. They also check many of the boxes in our systematic approach. I would be stockpiling during this peroid.
I am invested in this

TENX: ~3.60 USD
TenX looks like it has retraced from it's high this month and has fallen back into a buy range. There is a lot of hype in this market from Monaco and TokenCard. I would venture that TenX will produce some announcements that may drive the price up.

Particl: ~8.50 USD
Particl has been volatile as the market tries to find a price for the token. The fundamentals are there and it doesn't need to share much of the marketplace [DNT is one of the only rivals]. This protocol is placed on the Bitcoin platform and casts security similar to Monero. The mix of privacy and marketplace hype should drive this coin.

That's all for tonight! I hope you enjoyed- any feedback is appreciated. Look out for the CryptoKick Observation everyday on Steemit and coming soon to YouTube! You can also follow us on Twitter @TheCryptoKick