Ok, guys. I want to make a serious talk. In this moment a lot of thing are moving and we have the opportunity to make a lot of money. This kind opportunity happens few times in a lifetime, so we have to take it very seriously.
I've been following the crypto thing for a while and make my thoughts about it.
There are two things we need to understand:
1) How the cryptocurrency concept will change the world
2) Which coins will be the most successfully
In the short term there are a lot of opportunities, but I'm mostly interested to understand what will be the scenario in a 2 or 3 years. I think these to points are strongly related. Tech features of a coin are important for in the start-up phase but in the long run, maybe other aspects will be more important. In my opinion what will lead a cryptocurrency to success is the size of the community that supports it.
From this point of view, I see that Bitcoin is still the market leader. Right now it is the only cryptocurrency that is used for real payments. All the other coins are traded for pure speculation, this will lead most of them to crunch in a while.
The other coins that have already have a strong community or a high potential are:
- Dogecoin: could become the leader for "tipping" on the Internet. I think this will be the key of its success
- Dopecoin/Potcoin/etc: will became successfully if they become the standard for the transactions in their reference market segments
- Rainbowcoin/Homocoin/etc: refers to a "closed community", they could become a standard in that niche community
- Auroracoin/Isracoin/Spaincoin/etc: as they are free distribute to a large amount of people, they start with a large base of users
Do you agree with me or am I missing some point?