GOOD PLACE TO LISTEN TO BITCOIN BOOKS START A FREE TRIAL

Thursday, May 28, 2015

Buying `Scarcity' In A Crypto Currency World

There's a bit of humor in saying that `virtual' items/currencies - can be in abundance or `scarcity' - but as one knows.... scarcity as an attribute is one of the drivers of `value' in our fiat world. And, one of the outcomes of my recent analysis that I did at Bitcoin - The Barf The Stew The Winners - where I conducted an analysis of Cryptos by `numbers available' - segmenting 543 coins into 10 segments of like numbered coins, is that I've changed my investments to a degree... to own that scarcity.

As you might assume and I do hope that you read the link - coins of each category had some real winners in value as perceived by the public. But -- for me -- the outcome for at least now was to prompt me into KNOWING the coins better that `are fewer in number'... and that has led to a near C-Change in how I am currently `investing' in the cryptocurrencies... namely, making sure the `scarce' coins are a bigger % of investments.
NEW COINS I'VE BOUGHT
*purchase price
CRYPTSY 
8BIT - 0.00016165
BITBAR - 0.00393939
RONPAULCOIN - 0.00008794
Now, I bought others too... but I wanted to show that many low count (scarce) coins can be had for a variety of prices. Rand Paul has already accepted Bitcoin in his campaign... can you imaging if he endorsed crypto or was forced to talk about the Ron Paul Coin? It would take OFF IMO.
==========
These are some new buys I've made on Bittrex that reflect an increase in scarce coins into my portfolio.

BITTREX
ETHER - 0.0029932
GLOWSHARES - 0.00002472
---------------------------
Finally... some of the moves I've made recently at Poloniex based on buying scarcity.

CRYPTOGRAPHIC ANOMALY - 0.00003500 -
                                            0.00006300
BITCOINPLUS - 0.00052193
=====================================
Eventually, the coin market could ultimately be like the fiat coin market - less production means scarcity which means value -- don't be left out of having at least a piece of that strategy.
===========================
Coinbase - The SOURCE For Bitcoin

No comments:

Post a Comment

ALL COMMENTS ARE MODERATED BEFORE POSTING - COMMENTS WITH LINKS ARE OFTEN REJECTED