Here is a story about the Cryto-market.
You want to buy crypto? I recomend you to buy:
1.Bitcoin. It is the most used cryto and has a lot of advantages. Bitcoin is the pioneer of cryptocurrency, it is cheaper and faster than other crytos and it has been around for many years. There have been many forks from bitcoin, and they are all cheaper than bitcoin. We believe that Bitcoin will be the first coin in this market that will reach a 1000$ price soon!
2.Ripple (XRP). We believe that Ripple will be one of the most used cryto in 2018/2019, with a huge investment coming in, it will be more expensive than Bitcoin!
3.Ethereum. Ethereum was created as an alternative to bitcoin, but it really is not like bitcoin at all, it has its own advantages and disadvantages. Of course we think that Ethereum will reach a higher price in 2018/2019 because new tokens are coming out from ETH AND Dapps are becoming more popular! The reason why Ethereum will be so high is because of its future, new tokens and Dapps coming out on top!
4.Monero (XMR). Monero is a privacy coin, Monero
Most people are scared of cryto. They think they can’t afford it or that it’s too risky. They don’t understand why anyone would want to do anything so complicated or difficult as hold digital money instead of paper money, and they have no idea how it works.
If you get started now, you will be in a position to buy the best crypto at the lowest price while other people are still buying penny stocks or gold with their hard-earned money.
The first step is to determine which crytos are going to have the greatest effect on your portfolio. As you probably know, there are two main categories of crypto: coins and tokens.
A coin is a digital asset that functions like money. A token is an electronic instrument that can represent rights in a digital platform or perform certain services. The dominant category of tokens is utility tokens, which we will discuss below.
The second step is deciding what crytos you want to hold for the long term. There are some good reasons for doing this:
They may appreciate in price, perhaps several times over; if they don’t then you’ve lost most of your investment (and there’s no point in holding them).
They may not have significant volatility; if they do then they’re not really currencies, and you’re better off holding a basket of investments instead (as described in How to make wealth).
They may provide access to some new market or product that will eventually become very valuable; if they don’t then you’ve lost most of your investment (and there’s no point in holding them).
They may be used as a way to store value and pay for products that are useful, even if the value of their underlying digital asset does not increase significantly
This is a really tricky question. There are a lot of crypto-currencies, and there is almost no way of evaluating them. One thing we can say: If a coin is very new, it’s probably not worth buying yet.
But that’s not a very good rule of thumb, because there are all sorts of things you could call “coins” that weren’t created until after Bitcoin. The best you can do is to look for coins that have been around for a while and had some sort of successful ICO–that is, they sold a lot of coins, raised the money they needed, and got the word out in advance. At the moment, the available data suggest that the most promising coins are Monero (XMR), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), and Dash (DASH).
Cryptocurrency is a vastly overhyped, over-valued and over-invested technology. There is no fundamental reason to believe that the current price of cryptocurrencies will stay high forever; we have already seen significant corrections on numerous occasions, even this year.
It is important to understand why the price of cryptocurrencies has gone so far up so fast. There are two major reasons. The first is that very few people understand what cryptocurrencies are, or how they work.
The second is that the technology underlying cryptocurrencies is extremely limited, and there is no framework for the development of new innovations in this area.
As a consequence, cryptocurrencies will die if they become just a store of value; but there are many other areas where the technologies behind them can be applied to solve real problems. We have already seen how innovations such as blockchain can be used to make major changes in various areas including financial services and supply chain management.
The crypto market is pretty complicated, and there are a lot of things you could do to lose money. As I write this, the price of bitcoin is $16000. If you bought $100 worth of bitcoin on January 1st, you would have waited eight months and gotten back $16,000. Bitcoin has been wildly successful. If you had bought $100 on July 1st, you would have gotten back $10000 by now. That’s a lot better than earning 10% interest on your money.
So why is the cryptocurrency market so complicated? Because anyone who thinks they can predict what bitcoin will do next is making a bet. And if you’re going to make a bet on bitcoin, why not make a bet that’s more likely to pay off?
Bitcoin has only been around for nine years; it’s young enough that we still have no idea how it will turn out. Nobody knows what the price will be in three years or six years or ten years. But that uncertainty doesn’t seem to scare people away from making bets about it. They just know to ask some tough questions first: “What if this turns out to be worthless? What if the markets aren’t big enough? How do I ensure my money won’t disappear?”
Crypto tokens are like stocks but without the expensive transaction fees, without the burdensome regulatory requirements, and without the quarterly reporting requirements. The market is flooded with crypto tokens, but the ones that will survive are the ones that offer unique value.
The most obvious types of unique value are:
A) a currency or payment system that solves real problems; or B) a new type of network or platform that can’t be replicated; or C) a region where it’s hard to do business; or D) a type of asset that doesn’t exist anywhere else in the world.