What is your superpower? I invest in Cryptocurrency!

in bitcoin •  7 years ago 

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Why Invest in Cryptocurrencies And Why Not?

There are three major good reasons to invest in cryptocurrencies. First, because you want to hedge your net-worth against the fall of the Dollar imperium, which is assumed by many people to inevitably happen at some time. Second, because you support the social vision behind cryptocurrencies – that of a free and hard money for the whole world. Third, because you understand and like the technology.
However, there are also very bad reasons to invest in cryptocurrencies. Many people fall victim to the hype surrounding every cryptocurrency-bubble. There is always somebody captured by FOMO (fear of missing out), buying massively in at the peak of a bubble, just in hope to make quick money, while not understanding cryptocurrencies at all. That’s a bad reason. Don’t do this. Learn before you invest.

What Cryptocurrencies Should I buy? Building your Portfolio.

The former only crypto has been Bitcoin. Up until late 2016 Bitcoin was the cryptocurrency, and there was not much besides it. If you wanted to invest in the success of cryptocurrencies, you bought Bitcoin. Period. Other cryptocurrencies – called “Altcoins” – have just been penny stocks on shady online-markets, mostly used to keep miner’s GPUs working, pump the price and dump the coins.
However, this has changed. While Bitcoin is still the dominant cryptocurrency, in 2017 it’s share of the whole crypto-market has rapidly fallen from 90 to around 40 percent. Many people saw this coming as a result of the growing popularity of Ethereum and the ongoing self-tearing of the Bitcoin community over the blocksize issue. This again shows that it is important to keep your eyes open and listen to what the communities say.
If you want to invest in cryptocurrencies, Bitcoin is still a standard item of every portfolio – but it is no longer the onliest asset. In every well-balanced crypto-portfolio today you find other coins, like:

A good starting point to put together your portfolio should be the website coinmarketcap.

Ethereum
Ripple
Litecoin
Dash
Monero
My personal choices are Neo and Ethereum. There are many ICOs biuld on those platform, which make them great potential long-term investment. I believe that prices on Neo and Ether will go up big time this year. I believe and support these projects.
Please, let me know how do you feel about investing in cryptocurrency? what is your personal favorites ? what do you think about market cap in 2018?

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Good post! Thank you for all the info! really helpful

Thanks for the suggestion. Integer information

Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://blockgeeks.com/guides/how-to-invest-in-cryptocurrencies/

Hi

I have some ripples, I heve been captured by FOMO and lose.

What do you think is better between Ethereum and Ripple?

for sure Ethereum!

nice post - made for a good read!