I am fairly new to Cryptocurrency. I have purchased my small share of a Bitcoin, waded through alt coins and tried telling everyone I know about the fact that this is a once in a lifetime chance to make money with cryptocurrency. They all think I am crazy. Bitcoin is a bubble, everyone will lose their money, yada, yada, yada.
So seeing as I do not have anyone to talk to in person about many of the things that stir my passions, I started this blog. Hello, and I am TruthFirst, even if you do not agree with me, I am going to put my honest thoughts here each day. Political correctness will not get in the way of saying how I see something.
So, the story of my passion at the moment is Bitcoin. Somehow my small fraction keeps making me more profits and, if I just left it alone, I believe it would continue to do so. However I am now torn because I stumbled across Decentraland - MANA and I believe this has everything coming together, at just the right time, to see this coin soar like no other. But do I believe that enough to give up my stake in bitcoin? Here are my thoughts as of now.
Decentraland is a world, built on the blockchain, where you buy land and build anything you want on it. From what I have read, I believe you can produce items, invent games, attend concerts really anything you want to do, and all of it is paid for with MANA the coin that shot up 200% on Bittrex on 12/06/2017. It has given up most of those gains when the price of BTC shot up, which makes it seem like even more of a value.
Here is the company website. decentraland.org
So why do I think this may be a monumental chance to see a big profit?
First and foremost, unlike a lot of coins, this one is actually used for purchasing power in the game. So for instance they are having the first land sale auction starting on December 15th. Technically you can get a 10m x 10m piece of land for 1000 mana, about $53.00 dollars at current price of .00000345. That is not a very big piece of land, and there is no way it is actually going to sell for the minimum price. So as they lead up to the sale, it makes sense to me that the MANA price should go up. Once bidding has started, I expect a second jump as land prices shoot through the roof and people scramble to buy more MANA to buy more land.
Now, you may be thinking that is just crazy talk, but look at Cryptokitties. I don't understand the fascination with those things, but they are such a big deal they bogging down the ETH network. Building a world, much like the OASIS in Ready Player One, seems infinitely more cool! Plus also, I think you can bring that kittie to virtual life in Decentraland.
I have not decided if I would want to hold long term or not. I do believe that long term this is going to soar, but there could be a dip after the land rush as people wait for the next phase, which will be the playable portion. I also think they are burning many of the coins during purchase, which would only push the remaining coins up in value.
You tell me, am I just projecting my love for a book on this project? Ready Player One is in my top five books of all time, and I have read a lot of books! To be fair, most of the things he writes about were in my wheelhouse of life experience, so I may be bias, but still, Steven Spielberg is making the movie and that will be out on March 30th, 2018. The bonus for this as it relates to Decentraland, is that the trailers are already running, exposing more people to the idea of a virtual world.
I am a nobody when it comes to day trading, I am just a person on the internet, please don't base any buys on my information. But, if what I have said gets a few people to go and check it out for themselves, that will be awesome.
Best to all who have bothered to read this!
TruthFirst