HODL EM High

By Wiseinvestor | Small Island Happenings | 4 Dec 2020

Hi All!

Season's Greetings. I hope everyone is having a smashing time albeit COVIDential. Anyway, I was pleasantly surprised to find some ethereum I had forgotten on Hashflare.io some time ago. Well I had not completely forgotten, but I was more like I know I have some crypto somewhere and I needed to find it because I thought it would be a good time invest in some altcoin for the holidays. I am feeling upbeat about 2021 as the year that blockchain technology will increase in such a way that will change the way we do business forever, Now please note I am not saying that there will be a mass adoption of cryptocurrencies next year, but there will certainly be a wider spread adoption of blockchain applications in everyday life. Cryptocurrency in reality is really only a one use case of blockchain and there are certainly other uses for the blockchain technology.

Before I go any further, here is a definitions of blockchain from: https://bernardmarr.com/default.asp?contentID=1788

A blockchain is an open, distributed database – essentially, a computer file for storing information (data). The name comes from its structure: the file is made up of blocks of data, and each block is linked to the previous block, forming a chain. Each block contains data (such as transaction records), plus a record of when that block was edited or created.

So if you are going to purchase a coin that is all well and good, but please take the time to read the whitepaper, take a look of the utility of the blockchain technology and what problem it is attempting to solve in the real world. Ultimately, I think that is where cryptocurrency value will be achieved intrinsically.

However, here are some use cases of everyday business activities where blockchain is currently used:

Healthcare
Better banking and transactions
Faster Insurance Claims processing

However, there are some opponents that indicate that Blockchain is nothing more than a hype and if that is so, outside of the fact that governments hate anything that is decentralise unless they are the ones doing it then there is the possibility that we can see the end of crypto in the near future. The fact is though is that the development of blockchain technology is still improving and since the first generation of the bitcoin blockchain, we have moved away from less non environmentally friendly processes, i.e. Bitcoin requires massive amount of power to secure its blockchain.

Here are my picks that I currently HODL or Stake on ATOMIC

NEM - I have NEM as my number 1 pick because it a coin used for trading within the Asian Cryptocurrency market and you can create one's own paypal or Venmo on the NEM network. For example, NEMPay, an open source payment app already exists on NEM, and it can be easily customized by a participant to use your own custom crypto tokens for easy money transfers.
ALgoRand
VET and VTHOR
BNB
AWC
TRX
ICON
ADA

So what do we do when we hold our crypto hoping for that big pay day? We hold the crypto with efficacy that is efficient, demanded and beneficial to society.

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Wiseinvestor

I am a not so simple, sometime moody christian male from the island of Barbados. I am a father, crypto enthusiast, love to ride my mountain bike, be at home doing something around the house and generally love to laugh unless it is a sad situation.

Small Island Happenings

My Blog will essentially surround my life and matters of fact, faith, economic and lifestyle. It will be written from an average human's point of view who is not particularly brilliant, but can still read and write. I am writing from Barbados a small developing island in eastern caribbean.