LISK Why to own it, not invest in it.
LSK looks like a great coin. It looks like a great idea. It takes little bits and pieces of different projects that I feel like are very promising. I like the 101 validators idea, allowing the coin to socially deal with bad actors and activist "miners" in a democratic way. I very much like that. Its governance model doesn't touch DASH's, but its a bit more "open" than the dash model. I like that too.
From a fundamental standpoint I like the technology. A blockchain to build DAPP's for Desktops, Mobile Phones, Tablets, and a series of other like devices most certainly has applications. A SDK kit with more ease of use and better hardened security than ETH definitely has a place. It will remain to be seen if that claim has any validity - but it is exciting none-the-less.
The transactino speeds are quick, less than a second. That has to raise eyebrows, as it takes an instant swipe at many other chains having problems scaling. We all read "the ability to scale" yet about 6 months later nearly every coin suffers from exhaustion and slows down, and bogs the network. Again, we'll have to see it to believe it - but in this category LSK has been chugging along and has scaled quite nicely. That is admirable.
From a technical analysis standpoint we see a coin that is very much range trading based on the BTC economic conditions. That's no fun. Except it gives us great entry points. With clear accumulation and distribution targets, the well disciplined investor can surely buy his time and accumulate near the support channel. Likewise if you wanted to turn a profit you could wait and sell near the resistance channel. Based on the shear fundamentals around this coin; I have faith it will crush that resistance channel someday. If you're a disciplined investor, buying nearer to support...and "HODL'ing" (Hold on for dear life!) is a strategy you should certainly apply to LSK.
I look forward to your comments readers!
References:
lisk.io/
coinmarketcap.com/currencies/lisk/
en.wikipedia.org/wiki/Lisk
From a fundamental standpoint I like the technology. A blockchain to build DAPP's for Desktops, Mobile Phones, Tablets, and a series of other like devices most certainly has applications. A SDK kit with more ease of use and better hardened security than ETH definitely has a place. It will remain to be seen if that claim has any validity - but it is exciting none-the-less.
The transactino speeds are quick, less than a second. That has to raise eyebrows, as it takes an instant swipe at many other chains having problems scaling. We all read "the ability to scale" yet about 6 months later nearly every coin suffers from exhaustion and slows down, and bogs the network. Again, we'll have to see it to believe it - but in this category LSK has been chugging along and has scaled quite nicely. That is admirable.
From a technical analysis standpoint we see a coin that is very much range trading based on the BTC economic conditions. That's no fun. Except it gives us great entry points. With clear accumulation and distribution targets, the well disciplined investor can surely buy his time and accumulate near the support channel. Likewise if you wanted to turn a profit you could wait and sell near the resistance channel. Based on the shear fundamentals around this coin; I have faith it will crush that resistance channel someday. If you're a disciplined investor, buying nearer to support...and "HODL'ing" (Hold on for dear life!) is a strategy you should certainly apply to LSK.
I look forward to your comments readers!
References:
lisk.io/
coinmarketcap.com/currencies/lisk/
en.wikipedia.org/wiki/Lisk
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