My Take on Crypto Today

A fresh look at how it's doing

Crypto is is like startups - risky - except in crypto’s case it’s almost like the whole sector is one big startup, even though the idea got going clear back in 2010.

The potential is there. But being a conservative old retired guy, I don’t recommend risking much more than 1 or 2% of your investment portfolio.

Bitcoin (BTC) is hanging in there. It’s at about 68,000 today, not too far from its all time high of about 74,000. The main criticism even by crypto buffs is its inability to scale to become a significant medium of exchange because the transaction speed is way too slow - but the industry is working on that.

Ethereum (ETH) is more of a platform for developers of new crypto projects, and the ETH coin could handle transactions much more quickly then BTC.

But ETH is being overtaken by a competitor, Solana (SOL) which is another solution for smoother, quicker transactions on its developer platform.

I have a little BTC, ETH, and SOL, and Fetch (FET) but hadn’t been paying much attention lately. So today I took a look.

Whaddaya know - FET has been doing better than BTC, ETH, and SOL lately.

So for a description of what Fetch is about, I’ll quote Forbes:

“The idea behind Fetch.ai is to decentralize and automate transactions on the web. 

For example, instead of searching for and booking a flight via a price comparison website, you’d use Fetch.ai to automate the task.

An automated bot known as a ‘digital twin’ representing you would interface with digital twins from airlines and ticket providers to negotiate a deal on your behalf, using parameters you set, such as when you want to travel and how much you want to spend.

Or, your digital twin could interact with digital twins that have previously performed the same or similar tasks. Using artificial intelligence, your digital twin can ‘learn’ what to do.

For example, you could book a holiday similar to one a friend took last year, without having to ask your friend where they booked, what airline they used, where they hired a car from, and so forth.

This is just a single example of how Fetch.ai can be used. Elsewhere, the platform is being used for decentralized finance (DeFi) in the crypto space. 

For example, Fetch.ai could recognise a token trading at a lower price on one crypto exchange than others, and take advantage of the difference for you, automatically.

FET is the native cryptocurrency of the Fetch.ai platform, and powers its internal economy. Fetch.ai users spend FET to consume services within the platform. 

Users also stake their own FET for the opportunity to have a say in the governance and direction of the Fetch.ai platform. Users who stake their FET earn interest at a variable interest rate”

Investing 301 is still in the bullpen, warming up. It will be about a much broader range of investments, but I’m waiting to see who the next president will be and who has the majority in congress, because that will make quite a difference to most of our investments.