POE Coin hits 11 cents - Why you should be interested.
4 days ago I predicted that POE / Po.et coin would start heading upwards.
When I made that prediction the price was only $0.03.
I was right to have a good feeling about POE coin.
I just wish I had invested more.
Unfortunately I bought Bitcoin when it was at $17,000 and now that it's cleared my Coinbase account the value of it is barely $13,000.
I'm confident that Bitcoin will hit $20,000 in February....... so in order to invest in any coin right now I have to be absolutely guaranteed of making an 80% profit.
There are actually a few coins that I'm on the fence with about that.
POE was one of those coins.
At $0.11..... it went up nearly 400%.
So what is POE exactly?
POE stands for proof of existence.
Their website https://po.et/ says this:
Generate immutable and timestamped titles for your creative works and register your assets to the Po.et network. Because it is decentralized and secured by the blockchain, the metadata attribution remains safe, verifiable and immutable.
It's basically a way to copyright and license work by using the blockchain itself.
It's the perfect coin for poets, writers, musicians, and pretty much any kind of content creator.
So now the big question......
Is this the time to get into POE?
I don't usually like to get into coins when they're at an all time high.
However...... sometimes you just know that a coin is going to go higher before it goes down.
If you've got the money then POE is still a good bet.
I do think at the beginning of the year we're going to see a resurgence of both Bitcoin and Bitcoin Cash that will push the rest of the markets into the red for a little while.
Then again no one really knows for sure.
One thing I am sure about is that POE is a great choice for long term.
This is not financial advice.... use at your own risk. Never invest more than you can afford to lose.
I'm probably not going to invest in coins (cannot afford the emotional stress :p) but You've intrigued me with that po.et site. It looks really interesting, didn't know blockchains can be used like this. Thanks for sharing!
ouch! I missed it
Seems like a cool concept to verify, authenticate and store original pieces of writing on the blockchain however they're a long way from turning this into a viable business and a token that will have major utility.
That's true...... but by the time it's a viable business it's going to be worth quite a bit more than $0.11.
They do have a strong team.
I dont know much about crypto to be honest but this does sound interesting i have none to invest til the New Year though :(
There is too many coins in the market. Only the strongest will eventually survive.
Only the strongest will survive in 2020. In the meantime the coins that have at least some decent value are all likely to rise.
Correct, until then we should take advantage of it. Anyway I’m believer of Ethereum and Bitcoin.
I also am very interested in POE. However it is difficult to set up for writers. I imagine this will improve. Alternatives include channels.cc and of course Steemit.