Hi Everyone,
It's Cyril here!
I have got this going on in my mind
Looking back the beginning of this year to till the present moment, every crypto investor could see the evolution of Bitcoin
and other cryptocurrencies as well.
It's important that one does not make the mistake that he/she did this year , in the coming year, which 2018
There will be lots of x3, x6, x10 to come.
If you wanna invest in crypto-currencies , you gotta do it wisely.
By wisely, I mean :
- Identifying if a project behind a coin's is worth it
-What is the Market cap ( is it low at the moment- $100M , $50M or less)
-what is the total supply ( definitely , the lower the supply the better it can be for you to make huge profit)
-What is the daily volume ( This matter as it tells you how well the coin/Token is doing and how appreciated it is)
So, Low market cap and Circulating supply ( Market Cap being preferably $50M OR less , MAX $100) plus Low total supply (100 Million Max is a good estimation) with high daily volume ( Backed by an innovative project ) Is the Characteristics of most great coins.
Example of such coins itself include : Bitcoin ( Eventually) , Bitcoin cash , Euthereum , Litecoin etc...
Nevertheless, this doesn't means that coins with higher amount of total supply or Marketcap are not good or can't make x10.
Like believing in the values of the project of the coins you are investing in is also very important.
Moving on... as a result of the all the growth in the general Bitcoin Capitalization Market this year, we've seen many coins
develop and many crypto-companies working a lot harder to improve their projects.
Some of the crypto-currencies that I ( I'ts a personal opinion) will make people gain huge profit next year is :
1-Substratum ( Web decentralization)
2- Ethos ( Universal wallet) (Ethos is probably)gonna be exodus and coinbase biggest competitor)
3- Ethereum ( looking at the market, it's probably gonna do X10 its value
4-Lisk ( Very similar to Ethereum, a platform on its own ) ( Probably a a X3 minimum .( They're planning huge amount of advertisements for next year ( It just made X2 this month)
5-SALT ( Peer lending and a good solution to high rates while maintaining a certain amount of crypto
6-IOTA ( No fees , faster transaction ) - Definitely A Hit!
And much more....
- Also , an additional TIP if you really wanna make huge profits on crypto-currencies is to Invest in ICO ( Initial Coin Offerings). For those who don't know, ICOs are the best moment for buying crypto-currencies . Buying coins during ICOs is the way some people do in order to do X20,40,60 ...
Eventually, Not all ICOs permit everybody to invest , some crypto-companies only enable investors with a certain portfolio ( Maybe $100,000 or more ) to buy their coin/Token during ICOs. This is done because they know such people with buying in larger quantities bringing them thousands , if not millions of dollars right away.
There is also the concept of Pre-ICOs where people buy coins a t prices much cheaper than in the ICO, before it's debut in the public markets.
*** So ... Informing yourselves about which ICOS are currently going out and how much is needed to invest can help you make unbelievable profits ***.
Some websites you can use to Check ICOs currently going on, or Best Performing ICOs of all time are:
Furthermore, some advices ( Just an opinion, I am not an Investment advisor) I can give crypto-investors is that:
1- Be patient ( Lol)
2- Have a maximum of 5 crypto-currencies if you can, depending on the amount of money you are willing to invest, 10 can be ok too. ( I mostly talking for people with less than $100,000) *** This exclude traders*** ( Traders are different, they know what they do)
3- Have a monthly " Recently added" on ( Coinmarketcap.com- Under " Trending" ) where you could invest your money to make x2,x3 or whatever ( A hint is to check for those coins with a high volume in the first week. Of course you gotta check what their project is and evaluate by yourselves). This " Recently Added " must not be more than 20% of your portofolio ( In case you take the money from your current 5 or 10 Crypto-currencies.
4- It's not always the Quantity of coins that you have that master, but the the Amount you Invest, the Market cap and the circulating supply . ( Even if a coin costs $500 and u invest $1,000 in it, then it goes on to make X10, you've still made $10,000 .Somebody who invested $10,000 would now have $100,000)
5- If you could invest the same amount of money in all your cryptos , you'l not feel it much when there's a crash in the market or when there is a loss in one of your crypto-currency.
6-If it happens that you trade sometimes, make sure you keep your money into almost "sure" ( Or one can say stable stable) cryptocurrencies like Bitcoin & Ethereum
7- Use A ledger Nano S wallet , or My ether Wallet or Exodus if you can. Exodus actually keeps mainly cryptos and even does exchange from one crypto into an other while usually the wallet on your computer.
Thank you very much for reading. Hope that Helps! I will be glad to responds to your comments or questions that you may have!
Hi. I am @greetbot - a bot that uses AI to look for newbies who write good content.
I found your post and decided to help you get noticed.
I will pay a resteeming service to resteem your post,
and I'll give you my stamp of automatic approval!
Resteemed by @resteembot! Good Luck!
The resteem was payed by @greetbot
Curious?
The @resteembot's introduction post
Get more from @resteembot with the #resteembotsentme initiative
Check out the great posts I already resteemed.
Congratulations @cyrilfos! You have received a personal award!
Click on the badge to view your Board of Honor.
Do not miss the last post from @steemitboard:
Congratulations @cyrilfos! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!