Wanna hit a jackpot investment? Learn these long-term tech-investment tips on Blockchain technology
When did you create your Facebook account? If you made your Facebook account back then in 2013, and while doing it, you bought facebook’s shares with a value of $1,000, now your money has multiplied to $9,000
If only back then in 2017, you had not bought an iPhone 8 but you use the money to buy their shares, instead of having an old phone, you can have two phones now!
For those who bought Apple’s shares in 2005, they are beyond blessed because their $1,000 investment has turned into $320,000 in 15 years.
If you use computer, you must be familiar with AMD. This microprocessor company’s share is valued only at a price of $2 in 2016.
Now? In just 4 years, AMD’s share price has soared to $ 56. If you bought $1,000 shares at a price of $ 2, now your money has become $28,000.
Yes, I do understand, buying stock is not something so easy to do. But let’s proceed with our article first…
Do you know what is the asset with the highest return on investment in the history of mankind? Right, the answer is Bitcoin. Bitcoin, launched in 2009 was traded from as low as $ 0.003, and in 2017 it reached the highest price in history at a price of $ 19,783. Imagine, this happened in less than 10 years! From zero to hero, bitcoin became the most successful asset in human history with up to more than 1000000x return of investment!
If we talk about bitcoin and the technology behind it, we will need one special article.
What we need to emphasize here is, bitcoin is a proof of a successful mass adoption of the technology behind it, THE BLOCKCHAIN TECHNOLOGY.
Blockchain itself is a set of technology that transforms the internet infrastructure, which was initially centralized, to become decentralized. Blockchain is useful for data recording, machine automation, machine to machine transactions, economic equality tools, and also store of value. Developed countries like Singapore, China, Saudi Arabia, Korea and several countries in Europe have openly supported the development of blockchain technology, and even China is creating a digital yuan currency using blockchain. It is undeniable, in the next few years, blockchain technology will become a technology that will continue to grow and potentially replace the centralized internet infrastructure model that is currently being abused (for example, companies selling their user data to 3rd parties).
I know the main reason you came to read this article is not to read about technology, but more to the investment side… So, let’s just talk more about investing.
In my opinion, in the past 5 years, investing in a blockchain technology is like finding a diamond mine! Lots of blockchain projects have exploded in the past 5 years!
Ethereum, the pioneer of smart contract technology, was valued as low as $ 0.43 per token in 2015 and when I made this article, the price was already above $ 200. making it one of the best investment in the recent 5 years.
Tezos, another smart contract technology that just rolled out in 2018, was valued at $ 0.35 at the end of 2018. Now, the price has reached above $ 3
Chainlink, a technology linking blockchain with external data, which was launched in 2017, was once valued at $ 0.15 and now that they have managed to build a partnership with Google, their tokens are valued at over $4.5
Binance, a digital asset exchange company which is also launched in 2017, has successfully become one of the largest digital asset trading centers in the world. Their tokens that once valued below $ 0.1 are now valued at over $ 20
Of course, not all blockchain projects brings positive return to their investors. There are some projects that are yet or failed to bring big profits for investors after few years, such as PUNDI X, Dent, Vertcoin, and others.
Moreover, coupled with the fact that investment in cryptocurrency have a very high volatility. Many people becomes insta-rich and even more become insta-bankrupt. Naturally, many are afraid to put their money in digital assets.
But take it easy, this is why I am writing this article. How can you find a safe blockchain investment with high potential to benefit you within a few years, or maybe only a few months! Unlike buying shares, there is no minimum limit for buying cryptocurrencies, so you can start investing from any value!
Okay, let’s discuss the tips on how to determine the right Blockchain company to invest!
1. Understand clearly what technology you are investing in
Let’s use Elrond Network as an example. Elrond is a Romania based blockchain company. They just launched their token sales in mid-2019. The team behind Elrond successfully redesigned the blockchain infrastructure with parallel processing capabilities that claimed to be able to provide 1000x increased performance & speed when compared with Ethereum. From here you can start to feel, there is great potential for the future right?
You can learn about their technology through their website. All the important information about their technology is explained in detail through online documentation on the Elrond website. There are numbers of independent reviews that have given Elrond a positive rating that you can find online, for example : the Messari review and Picolo Research.
2. Learn who their friends are
Get to know everyone who supports this project, and anyone who has collaborated with them. In Elrond’s case, the investors behind them are investors from Silicon Valley, Binance, and several other large institutions. They have also formed a partnership with Samsung & they will launch their pilot project with Samsung. In addition, the Elrond team members themselves are influential people in Romania. Felix Crisan, Elrond’s Head of Engineering is the CTO of Netopia Mobipay, the largest electronic payment company in Romania. Lucian Todea, COO of Elrond is a partner of Netopia as well. He is also an Angel investor in the TypingDNA company, a biometric analysis company whose investors behind them are Gradient Ventures, a Google AI focused investment company.
From here we can see, it’s pretty clear that Elrond is in for the long game…
3. Compare their current market capitalization with similar technology
At present, Elrond’s market capitalization is at $ 19 million. Compared to Ethereum’s market capitalization of $ 30 billion, Elrond has a huge potential to catch up with Ethereum in the next few years. While now the value is still low & considering the future potential, of course we can speculate, this is the ideal time to buy & save for the long term!
4. Know what their long term targets are
In the first year after their launch, Elrond plans to capture 10% of the Ethereum developer market. The team behind Elrond will focus on encouraging mass technology adoption, and creating a global ecosystem for their blockchain. With this focus in mind, the liquidity of Elrond tokens will be predicted to increase from year to year and the value of tokens will also increase. From this we know, Elrond’s long-term vision is going forward in the right and realistic direction. Moreover, their partnerships with a lot of Industrial & IoT associations are telling us, Elrond are heading towards mass adoptions.
5. How transparent is this project?
Is the information about the company and tokens are clear?
Is the information about the team clear & can you confirm that’s real person?
Can you check their technology?
Is their social communication channel good and active?
Usually if it is a trusted company, you can google all the answers directly & the information should be easily accessible. For Elrond, you can get all the important information about the company, technology, and economics on their website. You can see their handsome team members’ profile and past experience. Elrond’s CEO, Beniamin Mincu looks more like a movie star than a brilliant CEO of a tech-company he is. Their technology is made open source so that all developers from all over the world can check and contribute. They are also very active on social media such as Twitter, Facebook, Medium and you can contact their team members at any time using their telegram, @ElrondNetwork. You can also join the Elrond community through the Twitter account, ElrondNetwork.
All the things we have discussed here, become the foundation material that solidifies the trust that investors have. If the technology you want to trust your investment meets these criteria, we can be more sure that this technology has a great chance of success in the next few years.
In addition to Elrond, there are many startup blockchain companies that have only just developed in 2019–2020 and have the opportunity to become big players in the next few years, such as Matic, ThorChain, Reserve Protocol, MovieBloc, FTX, Fantom, and many others. Before investing, remember, always DYOR! Do Your Own Research. Because ultimately investing is your personal decision and you are fully responsible for your personal investment.
As a closing remarks, let’s take a look back to the past. Over time, the only thing that is constant in this world is change. The development of technology in the last 50 years is a big leap for mankind.
40 years ago, there was no internet. Sending a letter with no paper? That’s impossible! Now, everyone can do it with their thumb on a smartphone!
Only in less than 30 years ago, the internet and the world wide web were born in the world. Connected to people in different city was a difficult thing to do. Now, everyone is connected to each other through technology.
20 years ago, sending photos through the internet was really hard, especially video. Not to mention the quality is terrible. Early smartphone models have also just been launched in this period. The computer everywhere is as big as a microwave oven. Not many people can imagine at that time, today everyone can have a personal computer that could fit into their pocket. Remember when we need to pay for a ringtone or funny videos? Now, digital medias are flooding everywhere and changing a lot of things in society!
10 years ago, bitcoin was launched and despite all kinds of controversies that have formed, bitcoin has been able to develop strongly over the past 10 years, proving that the world really needs the technology behind bitcoin, which is blockchain technology. In the next 10 years, it is predicted that there will be technological advances that are beyond our imagination at this time. Without us knowing, technology will advances and blow our mind. Artificial Intelligence, machine-to-machine transactions, and automatic vehicles, will soon become a normal thing. Behind all that, most people will not realize it’s all powered with blockchain technology. Now is an important period where humans are building a technological foundation that will connect machines to machines via the internet perfectly. This technology, is the backbone of the future of internet, and that technology is none other than, blockchain.
