Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
The Daily Hodl
No Result
View All Result

One of the Most Successful Bitcoin Investors on eToro Lists Top Crypto Picks and Most Overhyped Projects

by Powered by eToro
April 28, 2020
in Explore

OUR STORY                 DISCOVER CRYPTOCURRENCIES                  NEWS AND UPDATES

In what is the first of a new series of interviews, I will be chatting to eToro’s most successful Popular Investors to find out what makes them tick. Over the weekend I spoke to Elite Popular Investor Jay Smith about his outlook for the cryptoasset sector, what he’s looking forward to and what got him into investing.

What got you into investing in cryptoassets?

Like most people, I heard about Bitcoin from the price appreciation. But it was the efficiency as a medium of exchange and the idea that we can have a currency controlled by the community that drew me deeper. I read the whitepaper a few times and what struck me was that it’s like an extension of “the cloud”. Tokens are stored on a ledger on the internet that nobody controls. There really was nothing else like that.

Since then, the development of smart contracts got me even more excited – the potential for fully decentralized, permissionless services.

Where do you get your insights from?

These days I tend to stick with the major cryptos, but I found some great books by well-known figures in the space. Generally, I get most of my information from Twitter and Reddit these days. Those are the places the community spends most of their time. Any interesting news finds its way there very quickly, usually.

What is your outlook for cryptoassets? Which are you most excited about? Which are overhyped?

I’m very bullish on “currency coins” like Bitcoin and Litecoin, but also privacy coins like Monero and Dash. My favorite altcoin is BAT – Basic Attention Token.

There is a middle ground between those with good potential and those that are overhyped. For me, Ethereum, Cosmos, Tezos, Cardano and IOTA – all big smart contract platforms sit in this category. To have no exposure here could mean missing out on something huge, but there is still a lot of work required for these projects to reach their potential, and inevitably some never will.

The most overhyped coins for me are mainly the ICO projects. Most of them are now dead. Some other projects I think remain overhyped are projects like EOS, NEO and the Bitcoin fakes like Bitcoin Cash and Bitcoin Satoshis Vision. The first two have shifted the goalposts and failed to deliver on their original promises. The last two are quite simply pointless. They do not differentiate enough from Bitcoin, and use misleading marketing to remain relevant.


This is a marketing communication and should not be taken as investment advice, personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. This material has been prepared without having regard to any particular investment objectives or financial situation, and has not been prepared in accordance with the legal and regulatory requirements to promote independent research. Any references to past performance of a financial instrument, index or a packaged investment product are not, and should not be taken as a reliable indicator of future results.

All contents within this report are for informational purposes only and does not constitute financial advice. eToro makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared utilizing publicly-available information.

Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework. Your capital is at risk.

This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.




Follow Us on Twitter Facebook Telegram

Check out the Latest Industry Announcements
 

Featured Image: Shutterstock/Lukasz Stefanski

ShareTweetShareShare
Submit a Press Release

Crypto Livewire – Press Releases

  • How Traders Are Gaining by Holding Crypto: Staking Tron (TRX) and Cardano (ADA)
    January 21, 2021
  • QuiverX to Integrate Chainlink Proof of Reserve To Power Transparent, Decentralized Crowdfunding
    January 15, 2021
  • The Online Family Office and High Net Worth Blockchain Conference
    December 22, 2020
  • How Blockchain Empowers Wuhan’s Digital Economy Growth – World Blockchain Conference
    December 14, 2020
  • SnapEx Adds LINK, BNB and TRX Alongside Sign-Up Bonus on a Sleek New App
    December 11, 2020
Submit a Guest Post
Bitcoin
$32,624.00
$32,624.00
11.13%
Ethereum
$1,226.83
$1,226.83
15.39%
XRP
$0.280138
$0.280138
11.71%
Litecoin
$136.68
$136.68
8.43%
Bitcoin Cash
$435.62
$435.62
7.96%

Spotlight

  • How to Track Crypto Portfolios the Right Way
    January 18, 2021
  • Former Ripple Advisor Tapped To Become Top US Banking Regulator: Report
    January 22, 2021
  • Trader Luke Martin Says These Altcoins Will Outperform Bitcoin and Become Top Crypto Assets of 2021
    January 16, 2021
  • Kraken’s Dan Held Tackles Greatest Fear, Uncertainty and Doubt About Bitcoin’s Future
    January 20, 2021

DON’T MISS A BEAT

Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options

By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.

Check your inbox for confirmation email.

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX • Explore • Futuremash •
Crypto Livewire

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2020 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro

© 2020 The Daily Hodl

We use cookies to give you the best online experience possible. Continue browsing if you are happy with that, or see how to manage cookies.