With the upcoming Bitcoin Fork to Bitcoin Gold (BTG) many small time investors, as well as whales, pull their money out of the alt coin market and switch the funds to Bitcoin, as you should receive a calculated equivalent amount of BTG to your BTC holdings, if they are stored in a wallet (and not in an exchange). Please use this info with caution, as there are many rumors about a possible scam going on currently. As much as the current blood bath might depress you, by looking at your portfolio, there lies a big chance within. We assume that the BTC holdings will swap back to the alt market, once the fork has been done, which is on 25th of October. This results in a big investment opportunity for us, as we are able to buy tokens of promising coins pretty cheap. We are presenting here our pending orders for a selection of six coins. Please note that we mention the entry points in USD, as we come from the FX world and find it much more comfortable than to calculate in sats. Take it or leave it. So, here is our selection of the top five projects we want to get in or increase our positions:
6. LISK (LSK)
Lisk is a Blockchain application platform, established early 2016. Based on its own Blockchain network and token LSK, Lisk enables developers to build applications and deploy their own side-chain linked to the Lisk network, including a custom token. Thanks to the scalability and flexibility of side-chains, developers can implement and customize their Blockchain applications entirely.
Technical Analysis: The BlockChain App maker has a chart again very parabolic with spikes both up and down as the norm, also very much akin to our favorite play “Litecoin” This is a fav of the developer community, being as such the chart is a bit more risky, but if this takes off you could see very large gains in no time at all.
Our entry point: $4.72 or lower
5. Bitquence (BQX)
Project: We absolutely love the vision of Bitquence, which has been featured with an FORBES article. A universal wallet is the smallest of their goals. Goals like one-click-diversification will create ETF-like portfolios and the token itself has an actual use: The conversion between different cryptos. We invest in this “stock index for cryptos”, because thy seem to manage to get this done in a very user-friendly way:
Technical Analysis: Has been in a long term consolidation which it should come out of by year end. We have great expectations of the BITquence project and see great things in the future of this multi currency wallet play!
Our entry point: $0.48 or lower
4. IOTA (MIOTA):
Project: IOTA shall be the currency of the IoT (Internet of Things) one day and is meant to be a currency for payments between machines. As we are currently right at the beginning of a new industrial revolution, we suspect a great future for this coin. Acting as backbone of the IoT, the technology behind is very unique and lightweight and has a highly anticipated use. Machines can do their transactions with MIOTA without any transaction fees.
Technical Analysis: IOTA another of the bearish channel surfers of the past year, was showing signs of a breakout before the current downturn, still again with the very bright future of a company that wants to get “THINGS” done, we simply love this play and will continue to wait for an explosive breakout towards the feb/march time table.
Our entry point: $0.46 or lower
3. Basic Attention Token (BAT):
This service creates a transparent and efficient Blockchain-based digital advertising market. Publishers receive more revenue because middlemen and fraud are reduced. Users, who opt in, receive fewer but better targeted ads that are less prone to malware. And advertisers get better data on their spending.
Technical Analysis: this has been a seesaw ride of late in a ping pong range that mostly ends sideways until recently hitting a stronger downturn. Technically could have a bit lower to go but @ 0.18 and under, we feel confident in end of year/early year appreciation to rise with the others, even to outperform them as well.
Our entry point: $0.18 or lower
2. TenX (PAY)
Project: TenX enables you to load up your cryptos to a credit card and let’s you spend your tokens on the spot, directly in the store. Their app is already in the app stores and can be downloaded (TenX – Blockchain Asset Wallet: Android / iOS ). You can fund the card with BTC, ETH and its ERC 20 Tokens as well as DASH – making you spending your cryptos everywhere, where cards are accepted. The card is already orderable in the EU from within the app.
Technical Analysis: Price movement very much like the above BAT, though a bit elongated/smooth on a time basis. Bat has a great future being the “Real Estate” blockchain play, we think it as very undervalued and on a move up could set records on any upward climb that starts.
Our entry point: $2.00 or lower
1. LiteCoin (LTC)
Project: Litecoin, where are your right now? This one has insane opportunities right now. Satoshi lite is the lean sister of its fat brother Bitcoin, using almost the same tech in the background, but focused on fast transaction (4x times faster than BTC, due to much lighter code), almost zero transactions fees and reduced much bottlenecks, which its big sister is guilty of having.
Technical Analysis: Litecoin is a parabolic mover with very high interest, sharp spikes up and down are the norm here. At 50.00 or lower I am a fan! Technologically it is what Bitcoin wishes it was in terms of speed and capability an advanced bitcoin that again is under priced, on a breakout the stampede might be crushing, because of the super high level of interest we will have this as #1 of our plays, those big swooshes up and down could indicate early we are off to the races for others as well.
Our entry point: $50.00 or lower
These are the six coins, where we have our pending orders setup. Once activated we just forget about them and hodl. We don’t even think about day trading them, as the projects behind can change things in our daily reality, the projects behind might have impact to the world we live in – this is why will hold that tokens. This is a sweet long term portfolio and right now it is the perfect time to buy in. Of course there are way more to add up, though we searched for the combination of dirt cheap prices and reliable projects.