Desired Holdings

How to read this portfolio: Please click on the Chart Key tab above for definitions and color codes. The colors correspond to our 7 categories in the graphic below.

Tier 1 coins are those coins which we have considerable assets invested, are firm believers in the project direction and execution, and have very little reason to sell within short to mid term. These are coins which we risk evaluated to be very solid, and have a high probability of existence duration.   

NEO

NEO ($NEO) is classified as a Dividend and Platform coin. As our largest holding, we believe NEO has the potential to become a dominant smart contract and DApp platform in 2018. It’s four most compelling features are:

• An innovative consensus algorithm which will allow for greater TPS (transactions per second) over its competitors.
• A dividend structure for holders, incentivizing coin retention and network stability / diversity.
• SE Asia location, enabling NEO to break into markets more easily than competitors.
• Agnostic smart contract language, allowing for smart contract developers to use existing mainstream programming languages, which allows for cheaper smart contract implementation as compared to Ethereum who’s proprietary smart contract language, Solidity, can be a barrier to integration.

NEO is best acquired through Binance. Storing NEO on the Binance exchange will result in a GAS distribution once a month on the first. We recommend the NEON wallet for safe storage. GAS will be distributed on the NEON wallet daily.  

WaltonChain

WaltonChain ($WTC) is classified as a Dividend and Utility coin. Waltonchain is on the cutting edge of using RFID hardware to enable supply chain management 2.0. We believe Walton has the potential to become a dominant IoT blockchain solution Waltonchain is the only truly decentralized platform combining blockchain with the Internet of Things (IoT) via patent pending RFID (Radio Frequency Identification) technology. The custom RFID chips are able to digitally sign and verify transactions at the integrated circuit level, automatically and instantly reading and writing data to the chain without human intervention. This unique implementation of blockchain + IoT facilitates the true interconnection of all things in the real world with the virtual world, creating a genuine, trustworthy and traceable business ecosystem with complete data sharing and absolute information transparency. Walton has two major competitive advantages:

• A recently confirmed (to be signed) partnership with China Mobile’s IoT Alliance. China Mobile is the largest mobile telecommunications service in the world as well as the world’s largest mobile phone operator by total number of subscribers. Walton’s Management system is set to be implemented through mobile communication networks, and China Mobile is the largest one. Waltonchain is positioning themselves to be the single connector of the entire Internet of Things initiative put forward by the China Mobile IoT Alliance.
• They implement the blockchain through the RFIDs at the foundational layer. Their technology is patent-pending and gives Waltonchain a solid claim as the only blockchain that connects the physical world with the virtual world with truly reliable data. This is because all other IoT solutions tag items through API, and this means all the data is first passed through a centralized intermediate, a potential point of vulnerability.

Ethereum

Ethereum ($ETH) is an open blockchain Platform that lets anyone build and use decentralized applications that run on blockchain technology. Like Bitcoin, no one controls or owns Ethereum – it is an open-source project built by many people around the world. But unlike the Bitcoin protocol, Ethereum was designed to be adaptable and flexible. It is easy to create new applications on the Ethereum platform, and with the Homestead release, it is now safe for anyone to use those applications.

OmiseGO

OmiseGO ($OMG) is classified as a Dividend and Utility coin. OmiseGO is a Southeast Asia-based company creating an e-wallet that will make transfer of assets and currencies possible. Merchants and users of the wallet can transfer whatever asset or currency they desire. For example, you could use your ethereum, bitcoin, international fiat, or even your airline points to buy groceries using the e-wallet app on your mobile phone. Transfers can happen across borders, or even while traveling abroad. Unlike Western Union or PayPal for example, the fees are almost negligible, and the transfer is instant. Because it’s based on a blockchain, there are no intermediary banks necessary and users don’t need bank accounts to access those funds. This is especially good for migrant workers who send money home and often don’t have bank accounts and are forced to use expensive wire services instead.

NEO has been one of the only positive movers today with the news that there will be a new $1.6 Billion blockchain fund launching with Chinese government backing. This was announced at te opening ceremony for the new Blockchain Industrial Park in Hangzhou. This Chinese city is noted for its innovation and is home to major companies such as Alibaba.

With the recent Monero hardfork, mining the privacy focused coin has become very profitable again. Essentially, this comes down to our comments about ASICs last week. As a brief refresher, ASICs are much better than GPUs at mining, but can make the network centralized as their high cost makes them affordable only to those who have the means, whereas most computers have graphics cards. Monero’s team hard forked their coin in response to the news that Bitmain would be publically selling ASICs capable of mining Monero, which have not been offered before. What’s interesting is that after the fork, the mining difficulty was now 50-80% of the difficulty before the fork.

This, combined with people who bought the ASICs complaining that they appeared used and even had dust inside them, leads us to believe that Bitmain has had Monero ASICs for some time. They simply decided to sell them when they were no longer as profitable, and given that they sell them for thousands of dollars, they could easily make back the cost of the RnD. Now that Monero has hard-forked, there’s no longer any ASICs on the network, meaning that the difficulty has gone way down and the profitability way up. It’s inevitable that ASICs will return to the Monero network, but for right now it’s a great money-maker if you have the graphics cards to mine with.

This is still a “Trader’s Market.” This means that we’ll see brief swings up that eventually will get faded back down into the major downtrend. Bear Market Rallies like this can be very strong, although we haven’t seen a decent one since February. Bear Market Rallies create false hope and get weak-hand “longs” to load up, thinking “this is the ONE!” only to be disappointed later. Trust me, when the REAL bottom is in, no one will be on board but you and me. Everyone else will be looking for more downside.

I’ve hit my own personal wall; I finally got so frustrated by the barrier to entry for Profit Trailer that I’m letting Mav take ownership of my account and am letting him drive. Perhaps I lack the patience to read through a disorganized wiki, to search online for “random dudes cutting youtube videos,” and to figure out the bizarre organization of a Discord page. I’m thinking that if you grew up gaming or have been a software developer over the past five years, then all of this is no problem. This is obviously a tool written by developers for developers. If you find the installation, configuration and maintenance of this tool simple, then you have my respect and I salute you.

What I have found as an alternative that is more my speed is CryptoHopper. Easy, intuitive interface, very simple integration, and cloud-based to boot. No VPS or dedicated machine necessary. The biggest difference is that it’s subscription-based, so over a lifetime of use ProfitTrailer will be more effective, but for those that find .03 BTC to be a steep cost, the lower tiers of CryptoHopper allow you to get your feet wet for a lower initial cost. I’m two days into this so let me get some more experience and I’ll give you an update soon.

If you missed my earlier webinar, “More Profits in 2018; Ten Ways to Chart Like a Pro.” then you can catch the replay here.   My new class “Introduction to Technical Analysis” is now available via our online store.

If you go to buy any of our courses at our online “store” you can receive $10 off the $59 street price with your member’s “coupon code” of member18crypto..