Have you noticed this? Every time you open some crypto news website, you are greeted with yet another "To the moon" coin. And a lot of coins are just boosting their flex by associating with the celeb people or celeb developers or VC investor. And we are given this fake assurance that the coin is in good hands. But we have all seen what happened to the Luna coin, haven't we?
Nobody talks about who is using your favorite coin. Nobody tells you if the coins are being accepted in any specific online shops or mart etc. This goes to show you that adoption in the crypto is often overlooked. Which is not a good thing. A lot of coins however are doing good purely because of the marketbuzz.
We do see coins like dogecoin, bitcoin, eth being accepted through bitpay like services. A lot of shops are now open to such type of the crypto payments. However we are yet to see the people taking risk with them. Like you don't want to pay with a coin which has a lot of fees while transferring it to the said shop or the product page.
So what should a coin or blockchain do in case of the adoption?
- Low Fees
- Acceptance in Online & POS Shops
- Consumer Benefits
- Consumer Interest
As you can see if any coin meets those criteria then you would definitely find some use case for those blockchains and more people are likely to use it for the everyday usage and the spending for certain set of the operations.
Bitcoin Cash has been getting a lot of adoption buzz. Yet it does not get the demand from the market as we expect it to. But the consumers and the small business are accepting it on a regular basis. You can read a lot of those use cases on reddit and even on readcash.
Like this I am pretty Ethereum is another busy chain where finance world and the various set of the use case based projects are being deployed every now and then. You have to pick such type of the chains and invest into them. But market often invests into something because Elon Musk said so, which I feel is not how one should look at the market.
I pick the coins which has some sort of the use case. This way I don't wake up to see the Rug pulls. You guessed it right, I am not a LUNA investor. My investment coins are doing good because they are stable and boring. They do go through market up and downs but they are stable for earning online and invest. I invest into Hive, BCH, ETH and BTC and small percentage of portfolio into the coins which are staked in various places. Does that make me noob or bad investor? Maybe. But I don't care.
I try to invest into the Use case.What about you?
