In the market episode 1 - initial investment "Saddle up the unicorn baby"
Hi Guys, Jack and Chris here. It has begun!
This is our first post outside our introduction (which can be found here) which will be part of series documenting our financial growth through cryptocurrency featuring different and interesting alt coins. We will post wallet updates and any announcements here every Sunday so you guys can help us track our progress.
We identified Bitcloud as a potential high gain riser that could see some action from between now and the end of August.
Stats
Ticker - BTD
Currently very low market Cap - 57BTC - $160,083
Price 0.00000511 BTC $0.014233
Circulating Coin Supply - 11,248,727 BTD
Other info - Considered a 'dead' coin or at least nearly so.
BTD has had no active developer for months but on interaction with the main spokesperson 'GreedyJohn' he has led us to believe that a new developer is being lined up.
Ref - Click Here
There's a 10btc buy wall at 500 sats which can be seen here on coinexchange.
We have had our eye on this coin for a few weeks and seen it rise from the 200’s to where it is today at 511 sats (the buy wall price has followed this trend). As the coin has no volume this would suggest to me that somebody is ‘putting their money where their mouth is’ and hoping to buy whenever there is a drop.
When the wallet is synced there is always at least 15 connections which is a lot for what has been considered a 'dead coin’.
Just having working evidence of a new dev on this coins wallet will likely boost the value substantially. If the new dev team turns out to be a good one with some new ideas then this coin could really fly.
Risk Factor (10 being the riskiest) - 8/10
Potential increase - 200-700% in 2-5 weeks
Risky Long Term Hold
This coin was brought back from the dead by a 2 man dev team of CCRev (Dave) and main dev Borzalom.
Stats
Ticker - XBY
Current market cap 3,242 BTC $9,028,955
Price 0.00000499 BTC $0.013891
Total coin supply - 650,000,000 XBY
Other info - The potential of this coin is huge.
The main strength of this coin is that it is backed by new technology called Proof of Signature. The idea is that the XBY network nodes interact with each other in a much more efficient way which makes the coin more secure and much more scalable.
You may have read that Ethereum may start to experience scalability issues, the XBY main developer believes he has discovered a solution to this problem. Not only does this coin plan to be a secure scalable coin backed by its 'Static Node' technology, but it is also aiming to be a platform for applications to be built onto.
More detailed explanation of how it works - Click here and here
Recently the coin went through a rough period with a lot of squabbling between the community which may have been the reason for the price decline over the last few weeks. This rough patch now looks to be over from reading bitcointalk and xby slack, the team is moving forward with renewed positive energy.
The coin is now waiting for the new tech to be released. If it works as described then it will certainly rise in value and prove to be a very strong force in the crypto world.
Risk Factor - 7/10
Potential increase - up to 1000%+ within a year, though all depends on the tech.
This is an all or nothing coin. In the cryptoworld we like to talk about going to the moon.. if all goes well with this coin I think we could maybe even reach the sun.
Lastly there's Steem. I'm sure you already know what this is and why we have chosen this investment.
We will invest Steem directly into Steemit in the form of Steem power to add value to the upvotes we give to you guys!
Even though Steem is still in its infancy it is a very solid and accessible social media platform. It’s also one of the only cryptocurrencies that funds something that people actually use.
We love it and we are in it for the long haul!
If you have any info that could help us or if you would like to recommend a coin for us to invest in, let us know and we will write about it!
Thanks for reading, catch you in the next one!
Jack and Chris
Nice write up. I agree with you about XBY. A couple things to add:
Solid community, bitcointalk forum is 142 pages and read 168,000 times. Went though a hiccup in leadership recently, but figured it all out. A new ANN will be updated in 2 weeks, new website in the works, Slack group has over 1000 members. Very active. Positive. New algorithm consensus. Gihub was updated with a ton of code yesterday. Modules that can be ran on the system in any programming language. Smart contracts. No inflation in the coin. All are in existence. Rewards will be given through STaTiC Node holders through transaction fees and other types of systems that will be implemented in the future. Severely undervalued and trading in the 450-550 sat range. Whitepaper will be completed after node activation.
Last update:
55 changed files 1,885 additions and 199 deletions ( details on github )
basic module system + two examples ( source code only )
https://github.com/.../8497de10fdbc44506880412c3825d486b0...
@shawnfishbit Thanks for the additional info. It's great to see another set of strong hands to hold XBY. I'm pleased they managed to sort things out too in the leadership department. I think its easy for a small team to be emotionally overwhelmed when they put that much work into something. For someone to say what they have done isn't good enough must have hit them hard. We are also on the XBY Slack! I've upvoted your comment.
Thanks for the help!
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STOPHi guys,
In which percentage did you invested in the 3 coins?
If if it's a too much personal question feel free to not reply :)