Market Slumping... what to buy?

If my previous post was correct and we are seeing a lasting slump in Bitcoin, the next question is what options are available in the marketplace for projects which may increase during a market slump?

Among the major projects, I am just going to stick with two, STEEM and EOS.

Most Major Projects Follow Bitcoin

Most projects have no unique demand for what they offer, apart from them being a component of the cryptocurrency market as a whole. If the whole of the cryptocurrency market is remaining slumped for some time, then we are going to be looking for projects with the potential to buck the trend in the first half of 2018.

During a slumpy market, I dislike most projects

Until bitcoin wants to turn around and start its ascent higher, I dislike the following:

Ethereum, Dash and others ... to me, these projects remain functions (fractions) of the price of Bitcoin, meaning for them to experience healthy market phases, it's very likely that this is impossible without bitcoin going higher.

Long-term, I like Dash so long as their project keeps pushing forward. It has issued different translation videos in the last month, and they are sticking to their plan of quarterly conference calls. Very professional, and I like this about Dash.

Ethereum may be reaching the first stages of maturity. I believe over the next 2 or 3 years, there may be more legs higher for Ethereum because the marketplace is very newbe in terms of doing research and understanding crypto investments. Yet, over the next two years, we should expect projects like EOS to compete directly with Ethereum's antiquated protocol. This is why I suggest Ethereum's clock is ticking in terms of it being a valid investment. In some ways, Bitcoin, I believe has more survive-ability than a project as good as Ethereum.

So while I am not confident to see Dash and Ethereum to price perform well over the next 3 to 4 months, long-term both should do fine from an investing perspective. It is not always good to chicken out of your long-term holds because it's not always clear when the market will turn the corner for the better.

What about NAV coin?

If you're long-term investing in NAV, I would wait for a spike to sell it if you're looking to liquidate. Even on a minor market rally for the major coins, coins in the area of NAV could find a temporary spike going forward, even though such a spike could be months away.

Anonymous DAPP's are less thrilling to me these days because I do believe other projects have beat NAV coin to that project goal completion. The thing is, for some silly reason, no project is strongly marketing Anon Dapps to make it a big deal. The project I was told had completed Anon Dapps, never mentioned it on their homepage, so it is difficult to find out if this news was true.

NAV is still pursuing decentralized applications, in fact, they have further outlined and moved along that path, as visible on their Roadmap: https://navcoin.org/community-roadmap/

My primary concern with NAV coin is it is using old generation technology and patching its way forward, instead of having fast, fresh innovation implemented speedily.

What I mean by the above statement is no part of NAV coin's development track has them aiming for 10,000+ transactions per second. They are not headed there. They are content at being on the bleeding edge of the soon to be dying 1st and 2nd generation cryptocurrency technology. Personally, I prefer projects aiming for the bleeding edge of the next generation of technology (EOS).

If anyone is going to seriously use a blockchain technology to implement real-world solutions which are integrated to internet websites getting millions of views and interaction, NAV along with all the rest of cryptocurrency does not get there.

In "theory" IOTA might but IOTA is only a currency. Not in theory, EOS will get there. STEEM is already there in a sense.

Now the upside of NAV coin is that they continually do updates and continually patch, and their project team does a good job at things. I trust their project team to keep doing this, meaning that very likely, they are still a good investment, even if I think they a long-term dead-end.

Being a dead-end does not mean no one should own the project, I still own some. Most of the top 10 cryptocurrencies, I consider to be dead-end projects that the market temporarily likes until something better comes along. Money can be made on dead-end projects, for sure. It is just more exciting if a project is not a dead end.

Ripple could buck the trend, potentially...

Ripple has a different market dynamic driving it, in my view, since it is being integrated with the traditional banking system. It has fundamental factors driving its situation outside of cryptocurrency world, meaning it does not have to fair how the rest of the market fairs. This all said it has crashed, and it should take some time to recover before the next rally begins.

CONCLUSION:

If you're looking to put money to work, there may be greater slumps ahead to buy at lower prices. Also, if you're looking for something to buck the trend by July 2018, I prefer EOS and STEEM. This doesn't mean they will, but both projects have fundamental positive events coming up early this year which are significant enough to drive individual investment into their projects.

The other projects which may buck market trends I would say are in the 200+ rankings... if you can find a 'good' project under 10 million market cap which will move up to 100 million market cap, this could be a good pick too. If you find one, let me know.

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ETH Donate: 0xCCa7DD999f3F0CBb890861Ce5577b44102Fa4319
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