Originally Posted by
Wheat/"/"/"
Sorry for the delay, I’ve been traveling.
I chose ethereum for the majority of the portfolio because it looked like the best crypto infrastructure company with plenty of room left to grow,(over Cardano and polkadot, which I considered). I was really sold on the upgrade coming this summer. It was trading strong, even with public limitations of the platform, and there’s a lot of smart people working on the scalability issue. If that upgrade is successful, and all info points that it will be, I felt like I was getting in early. So far, so good.
I buy into the narrative that Bitcoin is digital gold. I think people will decide it will have great value in the future and it will continue to get stronger.
I like the idea of ethereum’s decentralized “smart contracts”. I see lots of smart contract use with lots of companies in the future. Chainlink is building oracles to provide up to date info to to those contracts that need timely info to execute. Their info is decentralized and theoretically more secure. Nobody wants info coming from a centralized source due to hacking concerns. I see a need for that and they are the leader, it looks like, for providing that secure solution. So far, so good.
Kyber networks let’s people trade all these different alt coins. They seemed to fill a need. So far so good.
Compound is a platform for decentralized crypto lending. Again, seems like it fits a need. So far, so good.
REN allows private trading of value between any blockchain. I liked that idea, but maybe the governments won’t? Could be that’s why it’s been flat to negative for me...
I’ve been watching the coinbase direct sale and look at it as one more step for this crypto sector to become more mainstream. It amazes me how many people I talk to still have no idea about anything crypto, and how many don’t care. I was there a short 6 months ago, so I get it.
Despite the rising prices, it still looks to be early in this market to me. I’m still adding as I can afford, especially ethereum.