Why I invested in STX - Stox.com?
I made few hundred thousands in the crypto market during the last few weeks without investing in any ICO. Not because I didn't want to, but I guess there is a learning curve in every venture I start.
I was able to make these amounts not because I have a degree in financial analysis of any type but because I took the time to research. I'm not talking about days but more in term of hours, sometime even shorter.
At the time when ETH was at 8 USD I had 10K USD worth of BTC that I mined using knc jupiters a few years earlier. Crypto market was still something distant for me but I realised ETH was similar to BTC with in addition the ability to build other apps and smart contracts on top of it. It was a revelation.
I didn't invest the 10K as I was still to scare to lose my BTC and lost potential earning of nearly 500K USD. The good thing is I learned to recognise a good project.
When I learned of NEO it was already at 5 USD but it didn't matter. I knew that this wan was my train or I could say a rocket cause this one boys is definitely heading to one of the moon of Saturn:)
WHAT TO LOOK FOR WHEN INVESTING
You can say is obvious now but some still wonder why NEO came above 50 usd ...so let me tell you. When you invest in a crypto don't be just fascinated by the idea but look at the following:
- Is there an existing product or the company already offer product(s): this is generally a good sign. Look at Omise who already have operated for years in Asia with a similar payment gateway as Stripe.com and now successfully launched Omisego. This one was a given. I made 40K profit in 2-3 of days.
If the company is a new one and your really want to invest cause you like the idea, look if there was at least a seed investment by a VC company cause it will show at least someone with a bit of business acumen invested as well. I generally don't invest in idea but real existing product.
- Who is the team and how many of people in the team?: this might appear very stupid for some people but I used to run a factory and I know the more staff you have the more money you usually generate and that generally applies to other businesses as well. Yes, 1-3 persons might cut it initially but not on the long run. So I like companies with at least 8 persons. Who is in the team is important but that s not a guarantee for success unless they have proven track records of business development.
- Sources of revenue?: I'm not talking about the ICO here but more about: is there already existing incoming sources of revenue? You can get millions of dollars but if you don't know how to create revenue it won't really help.
- Are there similar tokens on the market: if there is a similar token, check its current value and see if the company you want to invest in has a better edge or offer something unique. If it does, then that's an important point to consider.
IS STX YOUR SAVIOR?
So when I apply all the above factors to STX, I can tell you: "That's your speed light ticket to your lambo day"
1.The company has huge experience in business and has a 3 million existing users database who trade billions per years on Invest.com For those who don't know Invest.com is the creator of stox.com
2.The team is huge and made of dozen of talented people with the support of Invest.com of course composed of 200 people worldwide.
3.The product will be live and beta and can already be previewed on there website video trailer. Not the main one but the product description one.
4.When I see what offer Gnosis (184 USD) and Augur (21 USD) respectively today (17/08/17) with no real tangible product (don't want to go in details here), I can tell you STX will eat the prediction market alive. They have the money to make this platform work by end Q1 2018 and remember that CASH is KING no matter what commercial activity you're in.
MAYWEATER VS MC GREGOR
You may think that the all Mayweather thing is a pump and dump wich seems to be partially true but I see it as a smart move from the company. This fight is the biggest fight of the century and millions of people will watch it. What can be a better advertising campain than to make win Mayweather to advertise a prediction market platform.
CONCLUSION
After making an analysis, your vision should be clear. If you feel any doubt then that's not maybe the one to invest in but for me this one is a given and I'm going all in guns blazin' cause this baby will hit a 100$ usd sometime Q2 next year, so Hodlll crypto brothers.
BE RESPONSIBLE
Again, make your own researches and invest only what you can afford.
>>> May The Force Be With You;)




Thanks for your good posts, I followed you!
Congratulations @mindyourcoins! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!