More Coins Than Mario

More Coins Than Mario

When it comes to investing, many factors can either hinder or help that decision to get that much closer to economic emancipation. Now we know Bitcoin (BTC) is soaring to astronomical proportions, and even better, it still has higher to go. Many reports suggest there will be more millionaires than actual BTC once the price exceeds > 500k! That’s nothing to shy away from. It should be known and understood, all monetary funds invested should be funds you don’t mind losing. Extra money if you will. What constitutes extra money? That literally is a matter of priorities. If you can scrounge up $200 for a pair of re-released Jordan Brand sneakers, I’m more than confident that money can be placed elsewhere for a larger increase over time. At the time of this edit, BTC sits at $4559 with a $75B market cap. The time has arrived where the average consumer can’t attain one, or at least not all at once, but still can be chipped away at. With investors feeling like they’ve missed the boat for monstrous gains, many turn their attention to alt coins.


An alt coin is any coin that isn’t Bitcoin. Some of the more stronger alts are Ethereum, Dash, Litecoin, and Monero. All of these not only saw consistent growth over the last 3 years, but they all were priced under $1 at a period in time. Patience is perhaps the strongest trait you can equip yourself with when it comes to investing. Many alts have no value and have adopted the moniker “shit coins”. These are hyped coins that really don’t solve anything, but may have a good backing or happen to be popular at that particular point in time. These tend to suffer pump and dumps. A pump and dump is a large, almost unhealthy, growth of a coin by insiders then tragically pulled out at a peak price for mass profits sending the price plummeting down, possibly never to see growth again. This is another form of financial hazing. A good way to avoid these is not only reading the charts, but keeping an eye on your finances and set alerts and stops as to when you would like to get out. An amazing example of this is ChainCoin (CHC) where on 05JUL17 it was a mere .08. Two weeks later it peaked over $6.00 causing investors to immediately pull profits never to visit the coin again.


In order to gain confidence when picking a coin, good strategies include seeing how many are in circulating supply. A company with too many coins can take longer to increase in value, depending on the stake of the company and how many are allotted to the public. 10-200M is ideal. Many coins also offer discord chats, where investors can sign in and chat and/or video chat with other investors as well as the developers of the coin. Having a more transparent view of where you put your money will always boost your confidence, alleviating any cold feet. Good coins always have good communities. A great example is PIEcoin. PIE is a very new coin, still under .05. The community behind it is amazing and the developer chats with investors literally every day. Not only do investors get to dictate what functions they want out of the coin, they stay abreast on all news beforehand. I personally got in right at a penny, so I’m already in profit 5x. The organic growth and up and coming masternodes will push PIE to the scene on a larger scale in my opinion. The basic function allows one to send funds to friends social accounts be it gmail, twitter, facebook, etc.


The best method, in my opinion, in choosing a strong alt coin is determining whether it offers a disruptive technology. Will this coin change the way we interact or invest? Many intermediaries from the music industry, real estate market, car sales, and even buying food can be avoided with strong technologies. In this ever evolving world, we all are looking not only to ease the menial things in life, but also capitalize off of them. This is why so many millionaires are being made in cryptocurrency everyday. The current market cap of all crypto is currently $166B and growing. That market cap is larger than McDonalds. For 10 consecutive weeks and counting, crypto has seen a $30B increase from the stock market. That’s $3B a week being allocated into crypto for a more stable growth. There are many techniques to investing, and everything is circumstantial. What may work for you, may not work for others, so your portfolio and investment strategy must be tailored to your needs and your needs only. Money is being made everyday, and with due diligence mixed with financial vigilance will almost always ensure profits to further increase your wealth. This can very much be likened to a game, and with practice and patience you could see yourself as a MVP investor in no time.


-Knotty