RE: Frexit - Crypto Market Cap over 200 billion soon

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Frexit - Crypto Market Cap over 200 billion soon

in cryptocurrency •  7 years ago 

I completely agree with the 1 trillion forecast in the upcoming years (I am actually gathering yearly data to prepare a complete article which will be about reaching the 1 trillion stage in 2019). "Can't wait to buy rumor", Happy trading ! :-)

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I'm not good at selecting individual cryptos though, so do you know a way to invest in the whole cryptomarket at once without buying every individual cryptocurrency by hand? Because that would essentially take hours upon hours...

There are many trading bots that can be set up to do so, however myself I do not use them (I have tested) and as well do not recommend them. A strategy to invest in the entire market is by far not recommendable since around 50% of the ICO's do not pass the 1 year stress test. For the past 3 years the most profitable way of investing in cryptocurrencies has been long term investment portofolio with a max of 25 best picks (coins that proved they are launched for the long run, and will have a global purpose), however as a beginner a 10 coin portofolio will be much easier to build and monitor (on blockfolio app for example to see the total value of your coins).

still... If you are sure it will go from 200B to 1T, you'd make 400% profit if you bought every crypto...

Very true, simple math :)