“Give a man a fish, and you feed him for a day. Teach a man to fish, and you feed him for a lifetime.”
Keep that in mind as my framework for this answer.
I’ll do you one better.
Why? Because I asked this question to so many people when I was starting out.
All. The. Time.
I’m offering a once in a lifetime investment opportunity, with guaranteed profits by inviting at least 10 of your friends to donate to my PayPal page….juuuuuuuuuuuuuuuust kidding. But if you do want to make a donation to the Matt M Back Pocket Fund, shoot me a note ;)
I am offering a strategy, though, that I learned a couple of months ago. For Free. It has helped me a lot.
Have you ever seen these ICOs / altcoins that just shoot up, and you’re then left reading about it with the option to buy only now (when it’s relatively expensive)? I have.
The way to be on the other side of the equation is to track the coin market caps early on! Here’s how you do that:
- Go to Cryptocurrency Market Capitalizations | CoinMarketCap
- Copy the top 100 into a spreadsheet, ordered by market cap (largest to smallest)
- The next day, open a new tab and copy in the top 100 for that day, ordered by market cap (largest to smallest)
- Take a close look at those coins that have entered the top 75 and top 50 that weren’t previously in it
- If a coin enters the top 50 and quickly enters the top 45 or 40, then that is a good reason to investigate (read: potentially buy)
That is how I have found coins early…
All that said, here are a few “fish” in addition to the “fishing rod” I just outlined above (in no particular order):
- IOTA
- Neo
- Monero
- Ripple (although I read a comment on SA that gave me pause (see below for that). The waitress at the diner I had lunch at today recommended this token to me today…I was rapdily having “The Big Short” flashbacks…womp womp)
- Stellar Lumens
- Sia (don’t know a lot about this, but I’ve heard good things)
- Axpire
- Cardano
- Ethos (Shingo Lavine, CEO and Founder, is on Axpire’s advisory board as a side note)
Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://www.quora.com/What-is-the-next-big-cryptocurrency-for-2018
Good point of view,but just little question, what about big dump for some coin that resist some weeks and after drop down?
I think this post can be bring to another post,how to study the project of new cryptocoin and how to evaluate the good.