How is your crypto-currency? : Long Term Recommended Coin Part 1

in #cryptocurrency7 years ago

I couldn't post it because of the ICO-related seminar since Saturday. As for me, I am skeptical about ICO but am very interested in ICO. And I was very interested in the fact that there was a seminar organized by a professional organization that invests in ICO, and one of my ideas became much stronger.

I would like to start by saying that before I recommend coin, which is okay for you to invest in in in the mid - to long-term.

Coin is only an investment in your goods don't love it.

Sometimes when you look at someone, they're very fond of the coin that brought them a big profit. Or there are people who are so absorbed in the development process that they don't like to be sold, even though they are making a profit. To add a little joke, are you going to die with that coin?그That coin is just like a stock that you invest in, but not your friend or lover. If there is a profit, you need to capture the selling point at the right time to realize it and 정If you really think this coin has a great attraction in the long run, We recommend increasing the quantity when it falls below the selling point, which took months to sell.

Some people take a position to sell too fast so it can not going down in price.

But realize that your 10 % return is no small profit, don't be foolish about the price you've already gone up in the market. You may be beginning to see in recent markets that both the coin and the stock market may fall if there is a rise.It would be the worst choice if we came in a bad way, cut back in quantity, and damaged our next slide. if you relly wanna buy again, pleas wait for everyone to cry and shout, and then take position until a painful chapter comes. Even if it's a little higher than the price you sold, the price would be became support line.

Now let's talk about the first recommended coins.

[GAS]

maxresdefault.jpg

(1) Basic investment idea

Gas is a coin that is buried in Neo and underrated. Gas is a kind of " fuel " used to buy computing power from the Neo Block chain. Neo will all know that it is a platform coin similar to ETH.

When you briefly describe the platform coin, it is easy to describe ETH as a Google market, and think of Neo and Qutm as APPLE markets. They have a system that allows them to develop and operate different DAPP's in each market. And I'll tell you later when I post about ETH (this is also one of the long term coins), the impact it has on the market is huge, and it will not collapse. And what's updated about ETH's problems are new platform coins like Neo and Quintum. The reason why we put ETH before in the Google market is that anybody who has the ability to develop any kind of coin can run on top of ETH. However, this is one of the most significant advantages and disadvantages of ETH, and it is becoming even more apparent when ICO regulations were recently published. Because it makes it so easy to distribute coins that it places the perception that it is the kingdom of SCAM on the crypto-world. otherwise The reason why I describe Neo and Qutum as APPLE market is that in order to make coins based on it, you have to get approval through the censorship of each of the foundations. And it increases the quality and reduces the risk of SCAM. (This section will be handled in more depth when posting related to ICO.)

Somehow we all know that Neo will play a long-term role in China's growing block chain market. but What we're overlooking is this coin called GAS.

Like ETH, there is a fee when using Neo. In ETH case, it pays a code coin token called ether. on the other hand, NEO is gas. When you use Neo to develop smart contracts, to fund them, you pay for the gas. So, as Neo demands increase, so will the demand for gas.

Of course, there are blind spots, as well as Chinese coins.

On September 4, 2017, China's People's Bank banned all ICO's. On September 15, all transactions on the cryptography were stopped. soThere are fears that China will forever ban the use of cryptography. In fact, China is expected to continue cracking down on the crypto-market. Furthermore, it is prohibited to mine bitcoin.But it's going to be a temporary phenomenon, and in conclusion, regulation is going to drive growth. Be sure to do this with the following resources :

<Note : History of economic repression in China>

중China has a recurring history of allowing a field to grow without regulation, and then cutting it into regulations at the first time in its infancy. This same cycle is repeated in other economic sectors.

For instance, margin loans, P2P loans, and crypto-currency withdrawals.

  • A margin loan

When you buy stocks on credit, a loan you get from a broker is called a margin loan. In the United States, for instance, you'll receive a 2-1 leverage. That means if you put in a dollar, the broker will lend you another dollar.

At a time when margin lending was so bad, Chinese companies were offering a $ 10 loan for every dollar a customer would apply. The Chinese government has decided that this type of leverage is a threat to China's " economic stability, " making a bold decision.

In 2015, China introduced a restriction on the margin lending of the securities industry. There were no limitations before that. The changes were so sudden that China's entire stock market plunged 30 percent in three weeks. Almost two trillion dollars in market value has disappeared. In short, it was a disaster. But after just one year, China eased its margin restriction, which immediately rose 77 percent.

  • A P2P loan

A P2P loan is what an individual gives to an individual. With the advent of the P2P loan platform, many industries have evolved. While there were no restrictions for nearly a decade, in August 2016 China suddenly set up a number of new rules for the P2P loan industry. Like the margin loan, Beijing recognized the growing P2P loan market as a threat to " economic stability. " The company's shares in the P2P loan market have plunged from $ 60 billion a year. Ali Baba's shares, China's largest P2P lender, have dropped from $ 110 to $ 86. That's a $ 56.4 billion loss. Hundreds of large capital companies have gone out of business.

But a year later, Beijing eased some of its toughest rules. It's like a margin loan. Today, China's P2P loan field is thriving. According to the Financial Times, it has doubled since the first rules were set up, and now it is at $ 1 trillion. And since it hit bottom in 2016, Ali Baba's shares have risen by almost 100 dollars to reach the $ 180 mark.

  • A ban on crypto-currency withdrwal

In March 2017, China banned all crypto-currency withdrawal from government trading.

Government regulators feared capital flight and money laundering. It has been investigated to see if bitcoin and other coded coins could threaten the country's " economic stability. " This movement has frozen / stopped the supply of bitcoin transactions across the country. Three months later, Beijing eased many regulations and allowed the withdrawal again. During the turmoil, the entire crypto-market has dropped by 20 percent and bitcoin by up to 28 percent. And after three months, the entire crypto-market has risen back up to 393 percent, and the bitcoin has risen back to 180 percent.

(2) Practical value

As I mentioned, gas is the driving force for Neo networks. Unlike the ETH, however, the supply of gas tokens is limited. Only 100 million are produced. Currently, only under 10 percent of the final supply is released.__

Many teams are now conducting final bug review tests on their respective projects, and in Neo networks, GAS is not just a free shot from Neo. It's a necessary component of the system.

And Neo's network is just beginning.

(3) Strengths and weaknesses

Neo was always developed to work with the government.

Neo has internal compliance APIs that can withstand China's harsh resistance to capital laundering and even the customer identification system.(* API application interface protocol : Elements that determine how the software interacts) It sounds like a difficult word In other words, it is very close to the guidelines required by the Chinese government's institutional framework.

Neo wants to eventually play a role in the government's shadow in helping China have assets at the token and DAPP level, and is now pushing the crypto-currency market on the surface, making it rough.

For instance, when the P2P loan market crashed and many companies went bankrupt, the loan records disappeared. Lenderships have lost track of the records and evidence of the loans they have given, and major disruption has spread in China. Since then, the Chinese government has tried to secure these areas and Neo developers are developing digital token services that can keep a recordingstatement of loan transactions.

As shown in the example above, Neo is capable of creating a reliable digital version of the assets that can be traded on the platform. The goal is to create a platform that can store and handle all of China's digitized assets, rather than being shunned by the Communist government.

This is where the presence of the gas comes into play.

That is to say, the demand for gas increases with Neo's demand.

One year from now, when the dust from the regulations dies down and China begins to encrypt its capital, Neo predicts the eventual winner and Gas will also explode. It will bring about a massive price hike as users and bystanders flock to get the most out of the gas.

It is clear that Neo's biggest advantage will be the Chinese government.

(4) Development partner

Neo is a team of more than 20 people who are dedicated to the development of the project.The team is highly capable, and their CEO, DangfeI, has gained a lot of experience from his technology company OnChain, which is tied to the government. Neo's No. 2 man Tony Tao is also the founder of Nestfund.

(5) Competitive analysis

Neo's strongest competitor seems to be ETH, now the second in the world.Neo and ETH is like Ali Baba and Amazon.As I mentioned in chapter one, ETH is an incubator of all coins, and it has autonomy and a free of approaches.But ETH don't have any definite measures to deal with the danger of SCAM yet, and follow the meaning for decentralization. Neo, the risk of SCAM is low as only selected coins are placed in DAPP as it can self-censory the ICO and will complement the problems of the central government and consider a mutually compatible future. Nothing can be said to be superior.

(6) General comment

The reason why you believe that gas prices are potentially very high is because they are rare.

Gas is much more rare than ETH. Now there are almost 100 million ETH tokens. but gas, Currently there are only 14 million. it will take about 22 years for the 100 million units to be fully released due to the limited supply.

If Neo becomes a block chain supported by the Chinese government, Neo can have a broader user base than ETH. As Neo's value increases, the value of the gas increases as well.

(7) At the end of one's posting

When I first met Neo, I thought it was interesting. POS allocation is given as GAS? I think GAS could be higher than Neo's later on?

Of course, it is highly unlikely that that will happen. But as an investor, We must consider speculation.

Speculators are dark, scary, and bad images, but which do speculators invest in, Neo or Gas?The more Neo becomes an issue, the higher will be the price of gas. And the low-flight and low-value GAS, if you decide to pump it, will be worth it as speculation.

If you're a smart investor who wants to make a profit and get a chance again, like my first post, Leave When You Clap Your Clapper, I recommend GAS. or If you don't want to think about this and that, then it's a good idea to have Neo and collect GAS, but GAS certainly gives you a bigger advantage than Neo. (Potential value, rarity and usability are all better than Neo.)

Thank you for reading the long article, and if you want to know anything about it, I will check it whenever you have time. Thank you.

Sort:  

Coin Marketplace

STEEM 0.18
TRX 0.16
JST 0.030
BTC 62934.10
ETH 2452.99
USDT 1.00
SBD 2.66