Hi guys & girls I hope you're all doing great today!
So I want to show you some altcoins I've been buying over the last 3 weeks. At the moment I'm losing some money due to ethereum going down heavily for the past 2 days. It seems to me that it will continue to go down but I still believe it will raise in the long term, but in the end what the hell do I know, right? Below is a break down of my investments, I have calculated the commissions & fees if I was to sell today so the profits/losses below are real.
Bought 9.3 Monero for 0.1132 BTC
If sold today = 0.1621 BTC
Profit 0.0489 BTC ($56)
Bought 75 ZClassic for 0.15 BTC
If sold today 0.1912 BTC
Profit 0.04125 BTC ($47)
Bought 10 Ethereum for 0.5217 BTC
If sold today 0.3711 BTC
Loss 0.1506 BTC (-$173.6)
Total: -$70 loss
I had reasons for buying these 3 altcoins, I didn't do it just for gambling :) Below I will expose the reasons:
Monero: I think it's the best coin for privacy & I think that demand for privacy will always be increasing in the era of Wikileaks, Snowden & war on cash etc in which we are living.
ZClassic: Hard fork announcement for ZClassic into ZEN coin will happen sometime in May 2017. When the fork happens we will get the same amount of coins in our ZEN wallet & still keep the coins in our ZClassic wallet, so basically we get doble the coins. There are a lot of expectations for the new ZEN coin & the price is expected to go up for this reason. ZEN coin is supposed to be an improved version of all privacy coins & I think privacy coins are a great investment this year and for long term.
Ethereum: I have seen a lot of new projects created in the ethereum platform lately & I think this is a good thing. Also there is an announcement that Ethereum will be accepted in the dark market 'Alphabay' the 1st of May 2017. When Alphabay started accepting monero, the price of monero went up a lot in the day, so I expect the same for ethereum.
So what are your thoughts on this guys?
Cheers! & as always, stay profitable!