A question for the long term investors in this space, which tokens are currently under valued?
Note: I do not offer investment advice. Nothing I say in this post is investment advice. And this discussion we have is merely for our own amusement.
One of the most successful investing strategies in general is to buy assets which are under valued. Under valued assets represent a good "cost to benefit" ratio where you can get the most benefit for the least cost possible. So it is important to be able to identify in any space (including crypto-space) which assets are over valued, under valued, or on target value.
In your opinion and this is for successful and wise investors, which tokens are currently under valued? Which tokens are currently on target value? And which tokens are over valued? Share the wisdom of the crowds.
Monaco seems very undervalued. A lot of people think they're a scam but they have a solid business plan to make their tokens worth something and they're working hard to make sure MCO tokens aren't classified as a security. Their whitepaper was evaluating themselves at 100mil market cap in their first year and it's currently 50mil. They have a ton of people that have bought their cards and it requires them to lock up a certain amount of MCO. Program visa manager, can be used in the real world with near perfect exchange rates, the way they handle themselves seems very professional. One of the few altcoins I've held onto during this altcoin bloodbath.
Not financial advice, do your own research
In my opinion is Steemit, Pay, OmiseGo and Lisk
undervalued: bitcoin
It is kinda a joke but every joke has a little bit of a joke in it. "kinda" is because there are estimates that it is really "valued" at $10k, $40k, $200k and even $2.5 Million sometime soon. Although it is also very likely to enter some short term correction.
By the way, have you followed physical gold? It is almost like a crime to mention it in the crypto world and especially now, but wait till FIAT currencies start falling. There are already some wake up calls.
In my opinion the most undervalued are the ones that fix major Bitcoin shortcomings, in this order of priority:
Speed of transaction.
A currency is not really a currency if you have to wait for 10 minutes or more for each transaction, although it could be still a valuable asset, like gold.
Privacy.
It is a common misconception that bitcoin is anonymous. Absolutely not. It might be anonymous to a degree that i would not know about you until i know your wallet, but it is not really a barrier for the authorities and those with enough power.
Cost Of Transactions
Bitcoin might not cost anything to you and me to exchange some between us but the overall cost of transactions to the whole system skyrocketed and it is having an effect on it as a whole. It used to be something like 2 cents per transaction, which is quite acceptable. I've seen recent estimates that Bitcoin transactions cost $2..$5 per transaction and it keeps going up.
Mining Scalability
As the rewards for mining Bitcoin steadily goes down (in Bitcoins), if the price did not skyrocket the profitability of mining would go down a lot, especially because the cutting edge hardware becomes obsolete too fast. With the shortage of miners the stability of the blockchain goes down as well.It is not the problem for Bitcoin at the moment, but only because of its "luck" in skyrocketing in price. otherwise it would soon be a serious challenge.
I agree that this is one of the most important things for every cryptocurrency.
Interesting post sir I like this post
The undervalued coin to me is Steem!
It should be higher than US$1 indeed it didn't as it full of potential.
So far STEEM has major problems in my opinion that prevent it from realizing its potential:
Rewards for most of users for most of their posts are way too negligible. It discourages people from investing too much of their QUALITY time to the QUALITY posts. Even as many work their butt off for quality content it is still often worth nothing.
Strange perception of popularity forces those who want to be paid to post "populist junk". For example somebody posts some jokes or some silly few lines and people lose their minds upvoting it. It Feels like insane number of likes on "cat videos" and "cat pictures" on Facebook and YouTube. While somebody else invests hours or days in some serious research, spends maybe hours on writing and editing a very well-thought and deep article to be paid maybe a cent or two. Or maybe nothing.
You vote is worthless. Well, at least everyone's vote is worthless when they start. It does not count for anything "material". For example I had a post with 50 upvotes with the total value of... 2 CENTS! It is the same when voting for a Witness. My vote like most other people's votes will get you nowhere even in 100 years. It undermines trust in the system and it's values.
When new people cannot join it is a real problem. The platform is struggling to grow yet so many stories of new accounts not being opened for days, weeks or even months. Come on, in this digital age it almost takes as much time as sending snail mail letters across continent in the last century! This process could be so much simplified and bad accounts suspended if they violate the rules but give people instant access. Give them a chance. or they will lose interest and move on, being discouraged.
Too complex to bring any money into the system or more importantly take it out of the system. It should be way simpler for wider adoption of those who just want to blog and keep it simple.
Too confusing with so many metrics - STEEM, STEEM POWER, VESTS, REPUTATION, STEEM DOLLARS. Unclear relations between them so much that only a lazy Steemit user did not write some sort of FAQ about what they are, what they mean and what are the relations between them. It is not for a faint of heart simple blogger who can write brilliant content but not necessarily so much technically savvy. But without that kind of people, the platform has very serious social limitations.
Thanks for answering me so formal!
Actually, you pointed out the main problem faced by Steemit and Steem.
I agree the point you pointed out as I also overcame through these obstacles by myself!
I will try my best to spread out this message for you!
Oh, too formal? No, i did not mean to :-) I just pointed out that it was my opinion.
The rest i thought i put down simply structured, not necessarily formal :-)
And i follow you now, seems interesting what i saw in your posts.
All the best.
All the best!
thanks for advice to us... & it realy true.....
Basically all of them.
The value is basically impossible to target since the blockchains are silos at this point since there is no standards among blockchain developers. Go to bitcoin, learn one thing. Head over to ETH, another thing. Steem is still another.
That said, there is a ton of Wall Street money about to enter which will find its way into all coins. My suggestions, load up on as many coins as you can. Do not put all your eggs in one basket but do whatever you can to accumulate a variety of different coins.
We are at the beginning stages of this technological revolution. Sure many coins might end up worthless but there will be 10,000 and 100,000 multiples out there.
For me, now an undervalued SmartCash coin.
Creators offer very cool things, but so far few people know about this coin...
agoras.
What is popular is overvalued.
What isn't popular is undervalued.
If you start from there, then you can focus on technologies that are scalable and will go long-term.