Looking at the coins listed on Coinmarketcap 90 % are clones of Bitcoin itself with no true reason for existence besides BTC. And even with BTC, (I realise this is a controversial standpoint) why would "Joe the plumber" choose crypto over fiat? what is there to gain besides from a purely speculative standpoint? Don't get me wrong, for me BTC is gold and I totally agree with the decentralized aspect of it and being free from banks. But does the general population think the same way? I think not (yet)
Crypto has imho reached a market saturation point, where new blood is still on the fence about buying, owning and using it. Why? because there is no percieved reason why one should use it. For crypto to become widespread the demand must come from the market itself and this demand should not be force fed onto people. Many remain sceptical when first confronted with crypto. It's time for a turnaround, we basically must have people unaware or reluctant of crypto to say "wow this is cool" This is where Checkcoin comes in. It will appeal to people for its features, not by the premise of "banks suck, use crypto, it's cooler" The appreciation and adoption of cryptocurrency is a byproduct of Checkcoin, albeit an important one. This is significant because there are loads of coins out there that think of an idea and force it into crypto, like cloud storage or online videos. We have that already, its like developing Youtube again sticking crypto onto it and say "hey look this is better" It will simply not work. The good thing about Checkcoin is that they will build cool software, without crypto being their main selling point. Yes it's a crypto currency, but that's only half the fun. To entice people into using crypto you have to offer them something that they will want to use, not taking something that people already use, rebrand it with some coin and trying to sell them your "crypto improved" solution.
I dare to say that Checkcoin may be the accelerator of more widespread crypto adoption in general. Because it fills a niche between money, social media, geolocation software (which is booming) and more. I really wouldn't be surprised if somewhere in 2015 a massive "stock buyback" of CKC will take place. For instance a company who sees CKC's potential for commercial goals that wants to own a significant amount of the CKC on the market.
I have been bullish on other coins in the past, and I called their potential months before their peak. I can however no longer agree with their long term strategy. That is why I have decided that the only coin I will hold (besides BTC) is Checkcoin. There is outstanding development going on some other coins (the 10% of legitimate alternatives to BTC) but they focus on subjects that are too soon (anon) or other things that the market is not ready for yet. I will return though, in due time.
The decision to go all in on Checkcoin will either be the best or the worst I have made, but my gut feeling and history of trading tells me right now that this will be "the final alternative" to Bitcoin.
I have a feeling that Checkcoin will rise significantly soon, I am estimating 10ksat within the next few weeks. Should that time come I want everybody to be ready. Once we enter the $250k market cap it will attract a lot of fudders and other nasties. Right now this thread is peaceful and supportive, but that will change when we get some attention. People will resort to terrible tactics to get you to sell your coins. But remember there is nothing substantial to fud about, Checkcoin is run by a legitimate business with fully transparent devs who are not anonymous.
So I will stick around here. This will either be my last call on the port of crypto, or the beginning of a truly remarkable journey. It will depend on the succes of this great coin, but I am confident I have made the right choice.
I am in the same boat! I am currently "all in" for CKC (and some BTC, of course) and have used the upward pumps as just opportunity to sell, and buy back when it lowered again to accumulate more coins. It also feels nice to be a "whale" for once, yet a whale that thoroughly respects this coin, and believes in its developers & its progression. I am fairly confident it will be on the up and up, and once it hits the top 100 the FUDers will be here in full surge. The devs really must continue to be as transparent as possible, and should soon release information on how the ICO investments have been spent, and what other companies & individuals they are working with in developing the backbone technologies behind the coin.
Maurice/CKC devs,
I urge you guys to start doing a dev team blog with weekly updates, photos, and screenshots of the GPS framework & App development. This will decrease the amount of FUD and will also help you guys maintain a positive trustworthy image in the altcoins community. It would really be groundbreaking for a team of professional devs to maintain consistent communication with your users. It will help bring CKC to the moon as well as solidifying your reputation and minimize investors risk potential I'm in this for the long run, and it seems most holders are! But don't be afraid to sell a little and buy back.
