Monday 25 January 2016

Your short guide to crypto currencies.


I pick top 20 from coinmarketcap.com and explain the reasons to invest, how much of your total crypto capital.1. Bitcoin: 50% of your portfolio is a prudent bet. Because network effect of the first crypto coin, merchants support it, venture capitalists and media love it.3. Ethereum: 5%, because network effect of speculating on the future use of smart contracts. Original code base. On the negative side, there is no easy to use client software, Ethereum is for geeks who like to play with code at this stage.4. Litecoin: 2-3%. Bitcoin clone. Litecoin used to offer nothing over Bitcoin up until recently when the troubles began in the Bitcoin land over the size of blocks and transactions started to have longer waiting times. Litecoin has a nice liquidity and can be used for small to medium payments where transaction time is important.5. Dash: 3-5%. Bitcoin clone + privacy features. Dash is an enhanced version of Litecoin, but low liquidity and not proven anonymizing technology.6. Dogecoin: 2-3%. Bitcoin clone. Same as Litecoin, but even better for micro to small payments.7. Peercoin: 1-2%. Bitcoin clone + new PoS code. Liquidity and merchant support is very low.11. Bitshares: 5-7%. Original code base. New economic ideas, yet to be proven.12. Nxt: 5-7%. Original code base. First crypto platform. More features than any other crypto currency.14. Monero: 5-7%. Original code base. Privacy coin. Decentralized mixer.15. Bytecoin: 0%. Not recommended because ninjamined, bad for anonymity.16. Namecoin: 1%. Clone of Bitcoin + decentralized DNS feature.19. NEM: 3%. Original code base. Crypto platform.These I am not sure about why they are in top 20, they give me most uncertainty.2. Ripple: 0-1%. It's not a true crypto currency, most of the supply is owned by one company.8. Factom: 1-2%.9. MaidSafeCoin: 1-2%.10. Stellar: 0-1%. Clone of Ripple.13. YbCoin: ? Pump and dump?17. Emercoin: ? Pump and dump is very likely.18. VpnCoin: 0-1%. Some anonymity and privacy coin used by the Chinese?20. NuShares: 1% ?Your comments and constructive criticisms are welcome. via /r/CryptoCurrency http://bit.ly/1ZMSTqL

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