I’d like to provide full transparency when discussing cryptocurrencies on my YouTube Channel without revealing how many coins I have. Since I am not a financial advisor, it is up to you to do your own research on what coins your invest in.
I do not day trade stocks and don’t plan to day trade any crypto. I’m a buy and HODL kind of guy. As you can see, I continue to be bullish on bitcoin because that is what I got started with the summer of 2017.
Check out my 1st post on Steemit if you are interested in checking out what videos got me started with Bitcoin.
Below is a detailed list of cryptos I hold with links coin CoinMarketCap so that you can do your own research. Again, I’m only sharing my portfolio so that the YouTube community is aware of my holdings when I review coins in my videos. My investment strategy is basic, I want to hold the top 10 coins.
Bitcoin is the first decentralized digital currency. It was made possible by a breakthrough in computer science which brought together decades worth of research into decentralized systems and digital cash. Bitcoin made it possible for digital goods to be scarce (uncopyable) without any centralized institution controlling it. Bitcoin is used as electronic cash and digital gold.
Ripple is a network and native blockchain asset (XRP). “Built for enterprise use, XRP offers banks and payment providers a reliable, on-demand option to source liquidity for cross-border payments”
Ethereum is a decentralized ‘smart contract’ platform, and is said to be the first Turing Complete blockchain. In addition to executing payment-style transactions like Bitcoin, arbitrary code (programs) can be run on Ethereum. This opens the possibility for decentralized applications and organizations and offers a rich programming environment for developers when compared to earlier blockchains. Key trade-offs include a larger ‘attack surface’, and more difficult long-term scaling considerations.
Cardano describes itself as “a decentralised public blockchain and cryptocurrency project” that “evolved out of a scientific philosophy and a research-first driven approach.”
Stellar was originally a fork of ripple, but is now based on entirely new code. It aims to be a decentralized payment network.
NEO is often referred to as ‘Chinese Ethereum’, reflecting its use of Ethereum-derived smart-contract engine, and its Chinese origins.
Litecoin is one of the first alt-coins. It is a nearly-exact clone of Bitcoin. Its main distinctions vs bitcoin are in target blocktime, mining algorithm, and eventual supply quantity.
From the EOS whitepaper: “The EOS.IO software introduces a new blockchain architecture designed to enable vertical and horizontal scaling of decentralized applications. This is achieved by creating an operating system-like construct upon which applications can be built.”
Tron describes itself as “a blockchain-based decentralized protocol that aims to construct a worldwide free content entertainment system with the blockchain and distributed storage technology.” The token itself is called ‘Tronix’.
Cindicator is a fintech company that is working to create the social and technological infrastructure needed to make effective decisions under the volatile conditions of the new economy.