I am quite certain that in time, Cryptocurrency will become the standard monetary system across the world. The reasons for this may be the subject of another discussion, but just think a little about how our world moves toward what was once Sci-Fi a century ago.
I have a GPU mining rig, which, along with STEEM, generates a small income in the form of cryptocurrency. Rather than cashing out, I keep this invested for the foreseeable future, in line with my beliefs that crypto will take over and values will soar.
The way I invest involves choosing very low value coins and splitting my investment across them. If you look at some of the cryptos recently on the rise, they once were extremely low value.
Take Stratis as one example. In September 2016 the value was $0.03, now the value is $7.04. That is a 234 x increase in value. So $1000 of Stratis in 2016 would be worth $234 000 now.
Another, more extreme, but very relevant example is Nem. December 2015 the value was $0.0001541, now the value is $0.282, this is a 1829 x increase in value. So $1000 of Nem in Dec 2015 would be worth $1 829 000 now.
There is no shortage of such examples. Almost every crypto which has a good value now, started off with a VERY much lower value.
So, I look over all of the coins, searching for ones which currently have very low value, ie. < $0.05, research the idea, company, team behind the coin to determine if I believe there is reason for potential, and then purchase and hold some of that coin.
I am sure that many of them won't amount to anything, but with splitting my investment over all of the currently very low value coins which appear to have potential, and with the dramatic increases in value which accompany the coins which do succeed, success in some of them seems inevitable.
I very much welcome comments, ideas and discussion
STRATIS is going to get his price up in the next friday because of some development releases.
Good strategy mate
Sources? I am interested in this...
Disclaimer: I am just a bot trying to be helpful.
I share this thinking and I try to do similar, owning a small amount of Verge, Sciacoin, and LBRY right now, along with a few majors. The trouble I'm running into is that they are often very difficult to obtain, esp the ICOs as an American (some make it to Bittrex)0. Any tips along those lines - i.e., are you navigating how to work with the more obscure (and sometimes kinda sketchy) exchanges and leaving them there? Downloading multiple wallets...?
I normally stick to what I am able to purchase on Bittrex, that I way I don't have to worry about sketchy exchanges, and aren't really going for ICOs(besides a couple of the really big ones like LAT), but rather buying coins directly at exchange. I have generally found it rather easy to obtain any of the below mentioned coins at Bittrex.
I currently have some of each of the following coins:
Musicoin
Ripple
BURST
Verge
Siacoin
WhiteCoin
ReddCoin
Status Network Token
SafeExchangeCoin
LAT
NVOS
Eth
Monero
Thanks for the reply, and list. I'll research the ones you mentioned that I'm not familiar with. I too feel mostly safe with Bittrex, just wondering if there was a better way. I still consider myself new at alts, but have gone all in on the learning curve. Glad I followed you, take care.
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