I've recently gotten involved with the Cryptocurrency market and so far have found it to be quite fun. Granted, I haven't made a penny (probably lost a few). I currently hold shares in most of the common Crypto's such as ETH, XRP, and BTC. However, over the past few days I spent a significant amount of time researching ICO's (Initial Coin Offerings) with the intent on scooping a hole bunch of them up prior to launch and praying that the hype drives the price up. With that said, I came across an upcoming ICO for DimCoin. Personally, I am not a very techy guy, but the premise behind DimCoin seems feasible enough that I will likely give it a try.
Looking further into their system, they appear to based around NEM, which just so happens to also be obtainable in various Cryptocurrency exchanges. Upon this realization, I used my leftover BTC funds (very little) to obtain a couple hundred shares of XEM (this is the trading name for NEM.) You can probably see where I am going with this, and the chain of events I am hoping the rollout of DimCoin has.
The TL:DR version is simply this:
- Purchase DimCoin
- Purchase NEM
- Wait for DimCoin launch
- Hope that a successful rollout of DimCoin drives the price up, and positively impacts the price of NEM shares.
As I initially stated, I have been trading Cryptocurrency for about a month so I am far from an expert. In fact, I would consider myself a rookie, at best. I'd love to hear your opinion on what I've discussed above. What do you think of DimCoin? How do you think the rollout of DimCoin will effect NEM?
Let me know your thoughts!