Highlighting the best cryptocurrency options to invest in
Investing in cryptocurrency is one of the smartest and savviest moves you can make for your immediate financial future right now, as evidenced by the ridiculously skyhigh climb that almost all major – and most of the minor, for that matter – cryptocurrencies have enjoyed over the last 18 months or so.
Sure, BitCoin is still the “King of the Ring”, so to speak, when it comes to this new form of 100% digital and completely decentralized currency, but there are plenty of other options out there that offer you the same kind of investment opportunity that BitCoin would have when it was brand-new just a few short years ago.
Unfortunately, with so many different cryptocurrency options popping up on an almost daily basis it can feel like a real struggle to choose the right horse to hitch your wagon to. It’s difficult enough to feel safe and secure with a completely new investment vehicle like this one as it is, and when you add on having to sort through dozens and dozens of different cryptocurrencies to find the “right one” that is going to take off like a rocket rather than blowup on the launchpad things get even more challenging.
Hopefully with the inside information contained within this quick guide we are able to shed enough light on the subject to help you hit the ground running with smart and strategic investments in the right cryptocurrency.
Let’s dive right in!
There may not be a single best cryptocurrency to invest in after all
While there are definitely some cryptocurrency options out there on the market today that offer you a fantastic opportunity for exponential growth in the kind of return on your investment that you likely won’t see in a handful of other cryptocurrency options, the more strategic and the more savvy move to make when you are investing in this investment vehicle is to diversify across a handful of cryptocurrencies that have real potential to succeed.
Opening up a BitCoin wallet is going to help you get in on one of the fastest growing and most valuable cryptocurrencies, but the opportunity to multiply your return 100 times – or 1000 times – probably doesn’t exist in BitCoin any longer.
Opening up a BitCoin wallet, an Altcoin wallet, an Ethereum wallet, and a Litecoin wallet will give you the kind of leverage you need to really succeed in today’s ridiculously competitive and uncertain cryptocurrency environment.
Sure, you’ll have to spread your initial investment around a little bit, but you’ll be able to cover all of your bases and if you start to notice one particular cryptocurrency taking off you can shift the majority of your investment over to that coin and that crypto without much headache or hassle and ride the wave, diversifying once again when you decide to protect your risk potential.
At the same time, you don’t necessarily want to get involved with fly-by-night cryptocurrencies
We definitely recommend that if you are serious about investing in cryptocurrency you diversify intelligently – but we aren’t recommending that you snap up a minor stake in every imaginable cryptocurrency that you stumble across.
As we highlighted a little bit earlier, cryptocurrency investment opportunities are exploding like never before and there are plenty of people that want to get in on the action and create the “next BitCoin”.
This has resulted in one of the most crowded and cluttered investment marketplaces for this budding opportunity, with plenty of different options to pick and choose from and most of them without any real track record or any real tangible value or future potential to speak of whatsoever.
For every Litecoin or Ethereum that actually catches fire and takes off like a rocket there is a half a dozen Dogecoin cryptocurrencies that have fizzled out almost completely. This is why it is so challenging to get into investing in cryptocurrency right out of the gate, especially when you want to get in on the ground floor of a new coin that has the potential to generate the same kind of excitement in the same kind of value that BitCoin has so far.
It’s always a good idea to do as much research as humanly possible when you’re looking into a relatively new cryptocurrency.
Not only are you going to want to look into its historical value (if it has any) but you are also going to want to look into the kind of blockchain technology it takes advantage of, the process for “mining” that particular currency, and whether or not it is attached to a legitimate technology like Ethereum is or if it’s backed up by a legitimate investment group or technology company. And if it isn’t, you should run as quickly as possible in the other direction until it proves that it can be a solid cryptocurrency investment.
Sure, these brand-new cryptocurrency investment opportunities could give you the chance to get in on the ground floor of a crypto that could become as valuable or even more valuable than something like BitCoin – and if the brand-new cryptocurrency starts off at an affordable enough price per coin, the odds are pretty good that you can gobble plenty of it up and ride the wave to some sizable returns if it catches fire.
At the same time, you could also wait a little bit until the cryptocurrency proves out that it is going to catch fire, that it’s going to gain traction, and that it is going to have real potential growth moving forward. You might miss out on some small returns early on, but you’ll guarantee that you don’t get tricked into pumping money into a crypto that is going to fold faster than a rusty lawnchair.
Pay attention to ICO news
It’s incredibly important that you pay as much attention as humanly possible to ICO news around the world if you are going to get in on the ground floor of these amazing new cryptocurrency investment opportunities.
ICO (Initial Crypto Offering) launches are going to give you an opportunity to get in on a crypto that is sure to have some real buzz, some real momentum, and some real enthusiasm behind it right out of the gate.
On top of that, these kinds of offers are almost always put together by bigger financial institutions and major technology companies as a way to raise funding and to support a real and tangible operation, giving you a lot more security and a lot more growth potential than a cryptocurrency created right out of thin air for no real reason whatsoever.
Not all ICO opportunities are created equally, however.
Some of them (like the upcoming IOTA offering, which is partially backed by Microsoft) have the potential to completely and totally transformed the world of cryptocurrency almost immediately whereas others are going to be much smaller and much more strategic in nature and may not have the potential to grow quite as much as you would have hoped or had liked to moving forward.
This is why you have to dig deep into ICO news, ICO research, and to ICO due diligence. You have to be 100% certain that the crypto you are getting into has real potential going forward, and that it has the opportunity to provide you with the kind of return on investment that you are hoping for or expecting in the first place.
Sign up with a legitimate cryptocurrency exchange
Another huge piece of the puzzle is that you only choose to do business with legitimate cryptocurrency exchanges and only the best cryptocurrency wallet organizations out there.
For starters, these 100% legitimate operations are usually the only way to get your hands on the kind of cryptocurrency that you need to really grow your investment portfolio. These are the kinds of organizations that will allow you to both buy and sell cryptocurrency, and these are the kinds of platforms that will provide you with research and tools you need to make the right decisions with your investment.
Secondly, the right cryptocurrency exchanges also going to provide you with a cryptocurrency wallet that you’ll be able to use to hold all of the cryptocurrency that you have purchased and invested in.
The best platforms around (platforms like CoinBase, for example) are going to be part exchange and part wallet, giving you both the opportunity to buy sell cryptocurrency – a variety of different cryptocurrencies, and that – but also the ability to keep and store digital records of your transactions and the actual crypto itself in your very own BitCoin wallet, Ethereum wallet, Litecoin wallet, or Altcoin wallet.
This streamlines things significantly, makes investment a whole lot easier, and provides you with plenty of opportunity to do your research while looking at life changes in the market. The best exchanges have a track record for successfully facilitating these kinds of investments in the past, but they also have a sterling silver reputation in the cryptocurrency industry that you are going to be able to bank on.
We are, after all, talking about a 100% decentralized and fully digital currency here. There has been a considerable amount of fraud across the world when it comes to investing in cryptocurrency, which is why you have to only ever hook up with legitimate operations that you know you can trust completely.
Is BitCoin still the best cryptocurrency to invest in?
At the end of the day, a lot of folks are wondering whether or not BitCoin remains the best cryptocurrency to invest in in the first place and if they should even consider “fooling around with” any other cryptocurrency available on the market now.
This is easy to understand, considering the fact that BitCoin gets the overwhelming majority of the press regarding cryptocurrency investment opportunities worldwide, and also considering the fact that it has grown exponentially and its value has grown faster and higher than anyone could have ever expected or anticipated even just a few short years ago.
Some folks, however, wonder if they have missed the bus when it comes time to make a BitCoin investment. Because the value of this cryptocurrency is already so high many don’t believe it has the potential to continue to grow by 10 times, 100 times, or thousand times all over again – and most folks aren’t looking into investing $15,000 or more on a single coin only to make hundred dollars or so over the next year.
Thankfully, we can tell you that BitCoin remains one of the most important of all the cryptocurrencies and maybe the best cryptocurrency to get started with when you are serious about investing in this kind of vehicle.
There is real potential for the value of a single BitCoin to hit $100,000 in the relatively near future which would provide a fantastic return even for those that are just now getting in on all the action.
At the same time, even if you aren’t able to get in on BitCoin and purchase a complete coin you’ll still be able to purchase fractional values of BitCoin and can use this as your foundation to grow your overall knowledge in the world of cryptocurrency investing, to track the movement of crypto in general, and to get some “skin in the game” which can provide a pretty sizable return in a ridiculously short amount of time.
As of right now, the very best cryptocurrency to invest in would have to be split across a handful of options, including:
- Litecoin and
… But there are plenty of other cryptocurrency options out there that could prove to be fantastically valuable in the near future.
It’s important that you look into all options and opportunities when it comes to this world of investing, and it’s also important you spread your initial cryptocurrency investment across as many different opportunities as possible to improve your odds of hitting on a real winner.
Hopefully you’ll be able to take advantage of all the information we’ve been able to provide in this quick guide to really hit the ground running when it comes time to invest in cryptocurrency.