Best Cryptocurrency Picks for 2019: Wall of Coins, OB1 and Global Coin/Exchange
Wall of Coins
Wall of Coins is perhaps one of the most popular bitcoin-related social media sites in the world, and one of the most trusted. It’s a community dedicated to the community, with a community of over 1.5 million members. It’s a trustworthy resource, as its software runs all on a database of over $700 million, one of the largest in the cryptocurrency world.
A great feature is the block-mining tools, which anyone can install to mine their own bitcoins at the click of a button.
Disclaimer: This is not investment advice. Cryptocurrency is risky, high-volatility, and is not suitable for long-term investing. Always do your own research before you trade!
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. (alert-sucess)
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Editor's Note: This article covers one or more stocks trading at less than $1 per share and/or with less than a $100 million market cap. Please be aware of the risks associated with these stocks. (alert-success)
Do you have Bitcoin? Do you have Ethereum? Do you have Bitcoin Cash? The answer is no, and I suspect that if you do have any of these four, you probably want to find a way to hold onto them in a "safe" manner. The same goes for cryptocurrencies generally.
Ethereum
A friendlier fork of Ethereum
If you’re new to Ethereum, the last word to refer to is “Ethereum Classic.” It is a fork of the blockchain of Ethereum. It was formed due to a hard fork occurring on Ethereum due to a problem with the Ethereum Virtual Machine. Ethereum Classic still maintains the original features of Ethereum, but includes the safety measure of a hard fork preventing conflicts between the two platforms.
Tezos: Is it more complicated than it seems?
A real-world example of what happens if a hard fork fails.
To compare the technical differences between Tezos (it was announced in July 2017) and Ethereum Classic, I have prepared a series of common-sense comparisons.
Here’s a recap of a hard fork from the perspective of Ethereum Classic:
If Ethereum Classic plans to adopt a hard fork and there is a fork in Ethereum (i.e. several new versions of Ethereum with different blockchain) which could lead to a technical problem, Ethereum Classic intends to issue a new coin (“Classic coin”), the currency to be mined on the “old” version of Ethereum. If the exchange rate of the new coin and the existing currency (i.e. Ether) drops in a negative way, Ethereum Classic intends to increase the price of the new coin by reducing the price of the existing currency.
To answer the question: Is Ethereum Classic more complicated than it seems? Well, let’s look at it from an operational perspective, and not a technical one.
Ripple
Ripple, first traded on Feb. 2, is a type of virtual currency that allows people to instantly trade small amounts of money across borders without involving bank accounts.
The currency is used to buy real goods and services in the real world. Its value has soared in recent months, as mainstream investors have warmed to its underlying technology, a peer-to-peer transaction network that eliminates the need for banks.
Investors should be prepared to see volatility, as it takes time for businesses to upgrade infrastructure, Arthur Hayes, head of global trading at XRP-maker Ripple, said at a recent event in Hong Kong.
“What you’re looking at in the coming months is this moving into the real world.”
The launch of Binance, the first token exchange in Asia to make trading available to retail investors, follows a series of deals by Chinese authorities aimed at getting their tepid financial sector to embrace cryptocurrency.
Last year, China blocked exchanges seeking to raise funds through cryptocurrency trading. In April, regulators announced that all initial coin offerings should be halted.
Hong Kong’s Securities and Futures Commission on Wednesday urged companies with any exposure to digital assets to prepare for market volatility.
Blockpool Token Trading
Blockpool can be purchased on major cryptocurrency exchanges including Livecoin, Liqui and Binance.
The coin’s total market capitalization now stands at $88 million, according to Coinmarketcap.com. It hit a peak of $13.2 in April, its biggest price increase in a single day.
Blockpool, developed as an enterprise-grade blockchain with built-in enterprise security, was conceived by Ryzi Mai, a blockchain developer based in Hong Kong.
Litecoin
Litecoin enthusiasts are quick to point out the advantages of Bitcoin over Litecoin.
The LTC to USD rate is at around 0.0051, which is less than half of Bitcoin at 0.0541. Since the BTC price has risen dramatically in the last six months, that makes Litecoin an attractive investment. But what do its supporters think?
Spooked by BTC's speedy rise, many investors were bullish on LTC in August.
However, Bitcoin has far outpaced Litecoin. At the time of writing, Bitcoin has jumped by 40% in two months. Litecoin, meanwhile, is up by only 10% in that same period.
And the recent surge in Litecoin's value will probably not help investor sentiment, as the cryptocurrency looks overvalued compared to Bitcoin.
Here's an overview of who's buying Litecoin and why they're doing it.
Who is buying Litecoin and why?
Litecoin is used for moving money across the internet. It's not as easy to use Bitcoin is a form of cryptocurrency. Transactions are made without the need for a central authority. When making a payment, people use digital wallets that hold balances and are held by Bitcoin miners.
Most websites and other services that accept Bitcoin already have the infrastructure in place to process Litecoin.
Not only that, people want to buy Litecoin. The recent surge in the BTC value has brought many people into the market to buy and sell cryptocurrency.
Don't get me wrong, Litecoin has been creeping up steadily in terms of value for a while. But I can tell you that it's been around since 2011. It's a mature cryptocurrency with many people using it on a day-to-day basis.
Moreover, Litecoin is not the only cryptocurrency you can buy. And it's growing as more people become aware of it and see its benefits. I can tell you firsthand that Coinbase is one of the most popular places for people to buy Litecoin. And I recently received an email asking if I was interested in LTC.
