Market update

Hi Everyone,

After a week of pessimism and talk of the crash price of bitcoin is back on the rise.

Everyone is scared about August 1st but how does a potential fork affect any altcoins technology? It doesn't. Shift will move forward with phantom. Tokes will monetize their relationships. The key is finding coins that actually serve a purpose.

What does ripple do? Not much. To me it's just hype. Maybe a trading coin. Not a long term coin.

Some good news and a possible reason bitcoin price rising https://cointelegraph.com/news/south-korea-to-soon-legalize-bitcoin-and-ethereum-protect-traders-from-bubble-burst.

I expect many other countries to follow suit.

Below my SIX criteria of selecting a coin.

1. Strong development team.
2. Unique idea or improved idea.
3. Great community.
4. Hasn't had a huge pump and dump before.
5. Under $50M market cap.
6. They buy back and burn their tokens or pay out dividends/distributions

As of right now my portfolio remains the same. If there is a big pump I will take some profits.

Happy Cryptoing!