The Pursuit of the next 100X crypto project, Portfolio update & POA pick

Happy New Year everybody!

Now that the TCM portfolio actually has some capital to play with we can start repositioning some profit into high risk, high reward projects, in their early stages of development.

The year is destined to be another dramatic one in the cryptosphere; full of shilling, FUD, hard forks, soft forks, scams, overhyped shitcoins, undervalued moon coins, ICOs, FOMO, community feuds, pumps, dumps, scandals, bans and regulatory clampdowns – all part of our journey to financial freedom!

My predictions/general trends for 2018:

  • A Donald Trump tweet alluding to cryptocurrency
  • Overall Bitcoin market cap dominance to decline below 25%
  • Massive regulatory overhaul and international tax avoidance clampdowns

Let’s see how they pan out!

Here is the state of play with our crypto portfolio. Original CAD$1,000 investment was made on Sep 1st, 2017. The portfolio $ value is up 186% since then. If you are a day trader then your real portfolio gains should be calculated in BTC but since this is more of a ‘hodl’ challenge, with fewer trades and longer timeframes, we will stick to CAD value, for now.

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Pssst…I’m giving away some of these profits for free, to all email subscribers on Aug 31st, 2018

Full portfolio (Google docs design to be overhauled soon)

The search for the next 100x coin is on. Dividing the many tokens and coins available into market sectors separates the asset classes and makes it easier to identify who is competing against whom.

Josh Nussbaum did just that here, visualized below. It’s an amazing piece of art. Each project is given a broad category or bucket. The cryptocurrencies are broken down into further subcategories, based on distinguishing properties or features.

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Categories: Currencies, Developer Tools, Sovereignty, Fintech, Value Exchange, Shared Data, Authenticity, Other

Of course, we must complete all of our regular fundamental analysis to determine viability and risk but here are some additional questions we can also ask ourselves before investing in a high risk sleeper:

  1. Is this coin going to disrupt a market category/sub category or create an entirely new demand?
  2. Does this coin offer a unique value proposition in comparison to its direct competitors?
  3. Is this coin still off the radar? i.e. not available to purchase on the majority of mainstream crypto exchanges.

The next 100X return for 2018?

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Here is an exciting ‘under the radar’ project for DYOR.

Disclaimer: I do not yet hold an investment with POA.

Oracles (POA)

POA Network is the first Ethereum-based public network with Proof of Authority consensus, reached by independent validators. Their aim is to replicate or clone the networks and adapt them for different communities. All independent validators are required to hold a public notary license from the US. With the identities of the validators being public, the validators are more likely to act in the interest of the network. Ethereum dApps can migrate and run on the POA network. Full review here

Ian Balina did a video when the project was at ICO stage. TL;DW he is majorly bullish!

How POA works

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How POA works

 

  1. Is this coin going to disrupt a market category/sub category or create an entirely new demand?

POA belongs in the Developer Tools> Scaling Bucket; along with other competitors, like Raiden. POA is ethereum-based, which differentiates itself from other scaling platforms and makes it easier for others to switch to POA.

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POA belongs in the Developer Tools> Scaling Bucket
  1. Does the project offer a unique value proposition in comparison to its direct competitors? Yes, due to its nature. Proof of Authority is a unique concept in itself.

Here is an interesting point made by cryptowizards:

“Long story short: POA is a blockchain of blockchains, that is compatible with Ethereum but way faster and at a fraction of the fees. So companies are likely to switch over to POA. If that happens, we can see a transfer of value from Ethereum to POA Network. And that’s where the POA token can legitimize its value!”

  1. Is the project still off the radar?

The presale sold out in 58 seconds. As of Jan 10th, 2018 POA is not available to purchase on any exchange but one would think that it is just a matter of time, so keep your eyes peeled and ears pricked.

Now. There you have it.

Stay tuned and join the email list!

Cathal

The Coin Movement doesn’t give investment advice of any kind, only opinions…simple as!

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