By Kurt Wuckert Jr.
Anyone familiar with Crypto Traders on facebook has us all saying, “utility drives value.” If you invested in Amazon or eBay, that worked out. If you went big on Pets.com or eToys.com, you lost your shirt and probably your shoes! Well, we have a similar situation in Blockchain tech right now: Rampant speculation, billions of dollars invested into projects that are little more than a logo and a promise…
Before I enter any buy on a coin, I ask myself a few fundamental questions:
– What does this coin or token do better than any other coin in the space? Example: Is this privacy coin truly private? Does this smart contract platform even exist yet?
– Why does the world NEED this thing? Example: Is the power grid ripping us off and can blockchain make it more equitable? Do millions of people lack bank identity and can they build a verifiable reputation with blockchain?
– Will I be better tomorrow because of the things I buy today? Example: If I cut coin A to buy coin B, will it increase my purchasing power?
There’s no honor in being a bag-holder for junky investments, and the best way to be sure you’re not riding a trashbag all the way to hell is to do some serious research and reflection before making a purchase!
So, Crypto Traders, do your research and let me know what coins you think will solve the biggest problems in 2018!
