Look, you may not like the sound of "poopcoin" when considering putting money into a cryptocurrency, and that's 100% understandable. We don't aim to make any great claim about the fundamentals of our "overnite" picks, we simply use some analysis we think others aren't using to get an advantage. The result is just a ticker symbol and a rec to hold it overnite, for about 24 hours, and then sell no matter the result. If you think Gas isn't a "poopcoin" fell free to argue its merits in the commments. We'll also do a short ditty on what the overnite coin is, without spending too much time on it. This isn't a pump and dump, we aren't investing in the coin whatsoever, either directly or indirectly, at least not YET. We shall tell you if we do. We simply aim to see if we can harness the madness of crypto, and do it publically so you can track the performance and make your own decision.
Last time we did this, from Friday to Tuesday (long weekend "overnite"), we ignored a 2nd signal to buy Potcoin along with Vericoin, and results showed. Could have made 6% by splitting the rec into two coins, but went with one and it didn't perform as well. So today we're going to put up TWO poopcoins intended to be split 50/50 for overnite speculation.
GAS rec:
We'd try (prefer) to get Gas around $30-34 but since we're writing this now, Gas trades for $34.70 and so the theoretical buy price for Gas will be $35.00. Perhaps put 25% into Gas now, and wait for $30-34 to do the other 25%.
Decred rec:
It's down 4% as we write, around $103 per coin. That's as good a price as any right now, it seems to have some support around $85. Would put the full 50% of speculation into it now. We'll use $103.50 as our theoretical buy price.
What is Gas?
Gas is part of the Neo blockchain-system, Neo+Gas was formerly known as AntShares. Neo was founded in China in 2014 as AntShares and it's an attempt, like Ethereum, to be a smart contracts platform, or more accurately back then, a "blockchain platform". They are on the "light side of the force" as they always intended to please both government and business. In 2017 they decided to rename it all "Neo". It's claim to fame is "Delegated Byzantine Fault Tolerance". For more info on this "Byzantine Quorum" see our previous articles, especially the Nick Szabo article. This system supposedly makes transations much quicker than even Ethereum. Neo is more like a share of stock, if you own it you're essentially buying into the Neo system and hoping for dividends if it ever makes money? Whereas Gas is the token of exchange. Gas is used, and divisible, to enable various smart contracts to pay off entities involved in the contracts.
Yeah, it's confusing. One liner? "Shanghai's answer to Ethereum"
DECRED:
Let's get right to the one-liner. Decred is on the "dark side of the force".
Decred prolly isn't really a "poopcoin" as some "biggies" in the crypto world take it seriously, like Litecoin's Charles Lee for instance. It's another cryptocurrency, what isn't? It's VERY modern in that it uses the Go programming language favored by Google. It was only formed in Feb 2016. It's claim to fame is a dual-Proof system which is supposed to eliminate a "tragedy of the commons" problem in cryptos. This combination, is referred to as "Proof of Activity". Why is Lee a fan? bc he authored this new proofing concept. Know what "Segwit" is, regarding bitcoin? Decred sorta tried that concept as part of the foundation, instead of having to introduce a fork like bitcoin did.
Anyway, niether of these coins is for the faint of heart, which is why we lump them into poopcoins for now. Smarter people than us can expound, we're just in it for the overnite.
DO NOT CONFUSE (NEO) GAS, TICKER SYMBOL "GAS", WITH ETHEREUM'S "GAS" (TICKER SYMBOL "egas").
WE MEAN "GAS" (as in Neo's "GAS" ticker symbol).
note: we completed writing this around 20:15 GMT, Jan 3, 2018.
First Edit: For longer term holds, we're recommending the following....
"BLUECHIP"
StellarLumens: buy/hold until it AT LEAST breaks thru $1.50 per token, which could occur as early as the coming month or two.
"ALTCOINS"
NEM: could have a LOT longer to go, upwards, than Stellar at the moment, it trades for about $1.50 right now and may have legs all the way to $3.00 in the coming months.
STEEM: Could double to high teens from here, in the coming days/months. Same goes for related...
BitShares: the medium of exchange within the OpenLedger de-centralized exchange.
Gnosis and Augur: birds of a feather, both intend on creating trading markets for non-crypto-related things like sports outcomes, political outcomes, stocks, etc....
Gnosis is $260 per token
Augur is $75 per token
Bitshares is 87 cents
Steem is $8
We post this data today, so that you can look back on these recs and see how they perform. Write-ups to come later.