This is a blog where I discuss the best cryptocurrencies to invest in. The basic idea is that all the cryptocurrencies listed here are founded on blockchain technology and offer some kind of benefit to their users. The focus is therefore on the advantages and viability of the underlying technology rather than purely speculative investment opportunities.
Cryptocurrencies like Bitcoin and Ethereum have enjoyed tremendous success as investments over recent years and continue to be among the most popular with investors in search of high returns. While there are many other cryptocurrencies that could be included, this best cryptocurrency list focuses on those that offer an innovative or practical use case or are positioned to gain market share over time.
The top cryptocurrency to watch in 2019 is undoubtedly Ripple (XRP). While XRP is not currently ranked among the top ten digital assets by market cap, it is currently ranked second by market cap with a total supply of 100 billion tokens. It has a reputable developer community, strong fundamentals, broad partnerships and partnerships, and great prospects for growth. There are also other cryptocurrencies like ZCash (ZEC), Monero (XMR), NEO (NEO), Stratis (STRAT) and Ethereum Classic (ETC) that deserve your attention if you’re looking for an alternative to Bitcoin and Ethereum.
What I’m about to tell you is a secret, but it’s not really a secret. The top cryptocurrencies to watch in 2019 are all well known.
So what makes them stand out from the other cryptocurrencies?
I’ve been watching this space for a while now, and I’ve noticed something: no new currencies have been created in the last couple of years. So far there has been a small amount of hype, which has subsided. But it seems unlikely that there will be any big new currencies created in 2018 or 2019. The only way that could happen would be if one of the existing ones got huge.
And by the way, what is “the crypto space”? It’s the Internet of things (IoT), plus cryptocurrencies. That’s the crypto space, but it’s also the broader IoT space. For example, some cryptocurrencies are built on Bitcoin; some aren’t. Some are built on Ethereum; some aren’t.
What I am saying is that right now there aren’t any new big cryptocurrencies to watch in 2019.
I’ll use this blog to post updates about what I think are the best cryptocurrencies to invest in (based on technical and fundamental analysis) as well as a variety of other cryptocurrency-related topics.
It’s going to be up to you, my readers, to decide which cryptocurrencies will do well in the next year or so; by following my suggestions, you’ll hopefully be able to get in at the very beginning when these cryptocurrencies are still relatively undervalued.
Before we begin discussing the best cryptocurrencies to invest in 2019, here are a few things that I’d like for you to keep in mind:
1. Don’t invest more than you can afford to lose. There’s nothing wrong with taking profits once a crypto has reached its peak, but there’s also no reason to throw your money into something just because it’s at its peak. Investing like this will almost certainly result in losses.
2. Avoid buying coins that have already had big price increases. If a coin that you’re thinking about investing in has had a price increase of 100% or more recently, then it is probably too late for you to buy it. You should wait until it has either remained relatively stable or seen a significant decrease in price before buying it.
3. Beware of coins
The best cryptographic currencies to invest in are the ones that are going to hold their value. I prefer to invest in those with a proven track record and which have some kind of user base. The most important thing is to find a coin that has a strong community behind it.
Bitcoin is not the only cryptocurrency, but it is the most famous, and therefore one of my favorites. It makes sense as an investment because it has a lot of value behind it, even though it is not yet widely accepted as a payment method.
In addition to Bitcoin, I recommend Ripple, Litecoin, Cardano and Ethereum.
I have not found any definitive, scientific way to predict cryptocurrency movements in advance. The best indicator that I can think of is the early stages of a bubble. It’s impossible to predict when a bubble will end, but it’s quite good to know what conditions make bubbles tend to form and burst.
One major indicator is the degree of concentration among the top cryptocurrencies. In the summer of 2017, Bitcoin was still less than half as valuable as gold, and most of its market capitalization was held by a few people. It’s been a long time since then – Bitcoin is now worth more than $100 billion – but it still holds 10% or so of the total market value of all cryptocurrencies. That’s far more concentrated than it used to be. This concentration is one cause of speculation, which can be a key driver of a bubble.
Cryptocurrencies are computer-generated money. They’re not physical things. So when you buy one, you are not buying actual money. You are buying a claim on money, a promise to deliver money in the future.
I am not going to argue that this promise will be kept. All I am going to argue is that it is a bet worth making. Will it be kept? We don’t know. But there is enough evidence that it will be kept at least long enough for you to get some profit out of the deal.
Why do people use cryptocurrencies? The most common answer is that they are “better than banks.” I don’t believe this is true, but if you believe it, cryptocurrencies might be interesting as a speculative investment.
To see why, imagine you’ve got $100 saved up in your bank account and your child’s college fund. You decide to invest both in the stock market, hoping for a 20% return over five years and careful protection against inflation by investing in bonds designed to preserve capital even if interest rates go down for years at a time.
Now imagine the same situation except that instead of stocks you put $100 into Bitcoin and instead of bonds you put $100 into Ethereum. If Bitcoin and Ethereum go up 20%
If you want to get rich, you don’t want to use an electronic money transfer system. If you want to get rich, you want to be able to move wealth around secretly, anonymously, and cheaply.
It turns out that there are a lot of ways to do this. Some are old and well-used: the postal system is an example. Other ways are newer, with a reputation for unsuitability and unreliability: banks, PayPal, Western Union.
The best way is probably private money transfer systems such as Bitcoin. But there are over 100 cryptocurrencies (such as Bitcoin Cash), each with its own risks and benefits; so you need to find one that’s good for your purpose and your situation.
If you only have a few thousand dollars to invest in crypto, I’d recommend investing in Bitcoin or Ethereum (the second- and third-largest cryptocurrencies) on Coinbase.com