Hey ladies and gents -
Batman here again to spread some love with fellow crypto investors.
Firstly, thanks for all the kind words and emails - Im glad Ive been able to help you make some $$$! Also lots of you have been asking for a way to hear my picks/tips more frequently. I have an NDA with my partners at my advisory company, so unless you want to shell out $$$$, Ill need some time to put together some sort of newsletter that doesn't conflict with our current business.
Now onto business!
Ive been watching this crypto since its pre-ico stages and took a small position then and a MUCH larger position last week. Honestly, I find it terribly ironic that people call it "shilling" a coin you own. If I was a cook, would you trust someone that didn't eat their own food? Lol
Shilling is done when someone is PAID to promote a coin. While I have been asked to promote 2 upcoming ICOS and a handful of other coins, I do not. I will not. I do not post here for financial gain - my business advises banks, hedge funds and HNW individuals - so I have been lucky enough to not be in a place of financial distress.
So please do not email me asking if I want to participate in a bounty campaign or if I would talk about coin X for XXXXX of the coins. Not interested.
Notwithstanding, I do disclose that I own or a our hedge fund owns, a stake in the coins I talk about. But step back - doesn't that make sense? lol Wouldn't I put my money and more importantly my companies money, where my mouth is?
Ok, onwards.
The coin I am very bullish on is COSS. Yes, its been shilled a bit on Facebook, Reddit and forums. But who really cares if its shilled - do your own research and make educated decisions.
Now without going into the 7 page dissertation on COSS - I will point out, in as simplistic of a forum as possible, why we like it and where I see it going.
COSS is stands for cryptocurrency one stop shop.
It is VERY undervalued and a VERY high upside. When investing, we look for projects with great teams, great vision, a MVP, a clear roadmap and good (current) partnerships. Coss has these.
Ok, you heard of COSS but what about that scammer guy??? Hes part of it right?
This was also addressed by Rune in the slack. The concern was that a few team members associated with VRS. This was Rune's response in the Slack "I think it is fair also. And it has been explained multiple times. VRS was developed by some of the same dev team and also our consultancy company assisted in creating marketing plan for an affiliate program. The intention was for it to be used by the affiliate system to reward its members for onboarding merchants. The business model wasn't sustainable, and COSS decided to create its own 1-tier affiliate program by itself(known as CAP). The VRS was also modeled in a completely wrong way where the affiliate program actually paid for the gas for transactions and not the users. This didnt look like the problem at the time with an ETH price of less than 10 dollars. But over time that cost way surpassed the business model and made it unsustainable. Just because you try (as Pariah) put it, and it turn out not to work doesnt make it a scam. But there are still VRS holders out there, and that is why we havent delisted the token yet. And it is also listed on a couple of other exchanges." Essentially VRS was a failed project, not a scam. Also they have a new CEO so - moot point.
The FUD surrounding this has actually HELPED keep the coin price down.
Now onto the reasons I like this coin and you should too:
1. Low market cap.
Coinmarket cap shows 2M, which is actually incorrect. Its $20m BUT STILL VERY LOW. Lots of growth room.
2. Great partnerships
They already have partnered with several great companies (ARK as well) but now they joined the Etherium Alliance. THat's a very good thing.
3. Great ROI
They are distribution 50% of ALL PROCEEDS back to COSS holders. So if you own COSS and keep it in your MEW or on the COSS exchange, EACH WEEK, they give you a (small and proportionate) fraction of ANY coins traded on the exchange. So you will get a nominal amount of BTC, ETH, DASH, LTE, ARK, WAVES, and on and on.
4. Smart plan
Why is that great, aside from the HUGE ROI? Because the bulk of people will keep the coins they get dropped in their COSS wallet and then use the COSS platform to trade those coins, thereby adding value across the spectrum.
5. Growth room
Binance launched a few months earlier and does 80-100M per day in transactional value. THey have a 20% burn of tokens and profit share as such. Frankly, COSS is just a WAY better ROI and, while they are not 1st movers, as more people are introed to crypto, getting 15-20 different coins FREE each WEEK - is REALLY going to be a big draw to this platform. Not to mention the 1M per day COSS does is going to shoot up to 10M (and thereby raise your free coins and ROI by 10x) within a month EASY.
6. Other monetization
You also get a revenue share of the merchant payment system they have in places (currently a .75% transaction fee). So you are diversify your portfolio in several ways. More options to make money via an exchange AND a merchant platform and several coins free each week (again, small fractions)
7. Decentralized exchanges like 0x - could they render this obsolete?
Unlikely, COSS first of all - is less expensive to use already and will help capture users based on that alone. Secondly there is no reason that COSS could not alter its code to become a DEX and they have already said they are open to it. It changes nothing fro an investor end.
Wrapping up
Yes the site has some bugs (dont use BTC to deposit, it takes wayyyyyyyy to long) and the UI and UX needs some improvement. BUT look at the comparable sites and look at the huge 50% revenue share coupled with the growth room for a company that is only 348th on the exchange.
If we can agree on the following points: The crypto space will grow + the low market cap allows for BIG gains + getting 50% of revenue generated and disbursed as various coins each week is attractive + the current price makes it easy to buy for lots of people (more people owning it the better) than this could be the "retirement" crypto.
Again, stop thinking long term HoDL is 3 months. Think 3 years as a base.
My Price Predictions (based as always on Fibonacci lines, a propriety algorithm and experience)
NOV 1: $0.38- 0.67
2018: $1.20 - $2.03
Happy trading -
Also if you want to be on my newsletter list, shoot me an email and Ill add you to it. Likely going to have something flushed out by Dec 1.