Haven’t written or posted about #crypto much. I’ve put in the research. I’m comfortable with my holdings. So, at this point, it’s watching and waiting patiently. I’ve stepped back a bit. I share less information now. I don’t engage with the crypto community as much. At least, not outwardly. Behind the world of posts and tweets, that’s a different story. I’m as engaged as ever. Researching, reaching out, discussing opportunities, and learning from people involved in the various industries related to #blockchain and crypto. Though there are honey holes of valuable information on Twitter, most of the information there is white noise. A person is better off going it alone—digging in, doing the research, and #investing in crypto that has utility. Even then, one should be mindful of the type of utility a cryptocurrency has. If your crypto will be used for payment within an ecosystem, what’s the plan for the ecosystem? What’s the reach? Who are the participants? What’s the competition?
I’ve made good investments. I’ve made bad investments. Some of those bad investments were made purposefully. Gambling a bit to get in and get out as quickly as possible without getting too greedy. That, for the most part, worked. However, there were losses. Small in the whole scheme of things, but losses that stung nonetheless, and from those I have learned. If you are chasing big dollars without considering actual utility, you will likely lose. If you chase utility linked to big dollars, your chances for success are much better.
I am not on the lookout for new crypto projects as much as I could be. Instead, I’m trying to better understand my favorites and keep tabs on what they are up to.
The XDC Network continues to gain traction in the world of trade finance. The “Creating a blueprint for global trade finance distribution” article, published by Global Trade Review in 2019 is more relevant today than ever before. The efforts of Andre Casterman, TradeTeq, and the members of the TFDi (& ITFA) have progressed nicely since then. I invested in $XDC before this initiative was announced. Partly because of luck, but mostly because of research. I continue to invest in and support $XDC because it’s clear to me that the XDC Network is crucial to expanding #tradeassets to #tradefinance #investors. If you haven’t yet dug into the world of Andre Casterman and TradeTeq, I suggest you do.
Datachain Foundation and their $DC token have been flying under the crypto radar for years. This is great for investors because $DC is a long-term utility play that could yield a good return on investment. I took notice of Datachain Foundation while researching $XDC. I got down a rabbit hole of #smartcities, #AI, and #IoT and found myself reading about BrainCities Lab, Datachain Foundation, Porsche, HPE, and the government of Dubai. Big stuff. But Kaze, the CEO, and his team aren’t out there singing their own praises and trying to make us regular folks buy their $DC tokens. Why? Because VCs, governments, and companies are interested. Datachain Foundation is established. They are successful. And they have been. For years. Only recently, Datachain Foundation got $DC listed on Bitrue. It rose quickly, as often happens with new listings, but the value soon dropped when moon boys realized $DC isn’t a get-rich-quick scheme. They dumped. Now, there are hardly any buyers. Again, this is great if you are into research and getting into a long-term investment cheaply.
Datachain Foundation and Uphold are organizing State Of The Block (SOTB) to be held in Ivrea, Italy this coming September. Kazé A. Onguene (Datachain Foundation) and Dr. Martin Hiesboeck (Uphold) will kick off the opening session on Sept 12th. This event will give “makers and visionaries the opportunity to share experiences, shape the future by designing regulatory frameworks, and help the crypto market mature by matching private and public organizations’ needs with the products and skills of SMEs using DLTs technologies to solve IoT, Smart Cities, Industry 4.0 challenges.” The discussions will vary and cover a wide range of topics—#decentralization of everything will no doubt be a hot topic. But, I can’t help thinking how much awareness this will bring to Datachain Foundation and their $DC token. Knowledgeable investors will be itching to be part of Datachain Foundation’s efforts. And right now, a person can pick up a $DC token for about five cents. A version of which, by the way, that runs on the #XDCNetwork (XRC20). Interoperability enhances utility. Maybe that’s why XDC and DC will succeed while others fall away into obscurity.
There are many other excellent opportunities in the crypto-verse. The best way to find them is to put in the time. None of this is investment advice. These are my personal thoughts and opinions. I buy, sell, and hold several different cryptocurrencies. Do your own research. Make informed decisions. Be good to one another out there.
~cryptokj