Common Crypto Investing "Strategies" for Altcoins and Why People Love The Simplicity of Them
Investing in cryptocurrencies isn't easy when it comes to doing proper research. So often times, people latch on to simplistic strategies or reasoning behind why they put loads of money into a crypto. Let's talk about some of the most common reasons people fall in love investing into a specific crypto asset and why it's important for you to understand these reasons.
Reasons and buzzwords people throw money into a cryptoasset:
- The “next” and “better” Bitcoin, Ethereum or top 10 coin
- More transactions per second, a new type of blockchain, cheaper/no fees, etc
- The Ethereum of XYZ country
Privacy, privacy, privacy
Partnerships with large existing companies (Microsoft, IBM, Disney, EEA, etc)
A decentralized competing version of an existing company/application
2nd-3rd time crypto founders
If you have any suggestions, I'd love to hear them in the comments as well!
Buy Bitcoin, Ethereum and Litecoin on CoinBase and get $10 worth free:
https://cryptobobby.com/coinbase
Buy and Trade altcoins on Binance - https://cryptobobby.com/binance
Secure your Crypto with a Ledger Nano S:
Amazon (faster shipping):
https://cryptobobby.com/ledger-amazon
Ledger (slower shipping, but cheaper): https://cryptobobby.com/ledger
Get a Free Trial of Coinigy (the trading/charting software I use):
https://cryptobobby.com/coinigy
Follow me on Steemit:
https://steemit.com/@cryptobobby
Follow me on Twitter:
https://twitter.com/crypto_bobby
Join the Facebook Group:
https://www.facebook.com/groups/140921189836895/
Portfolio Tracking:
Blockfolio - https://www.blockfolio.com/
CoinTracking.info - https://cryptobobby.com/cointracking
Bitcoin.tax - https://cryptobobby.com/bitcointax
*Some of these links may be affiliate links, meaning if you click and purchase something, I may receive a small commission at no additional cost to you. I only recommend companies and products I personally use, and any commissions help to pay for content creation. Thanks! *
** This is not financial advice and these are simply my own opinions, as such, this should not be treated as explicit financial, trading or otherwise investment advice. This is not explicit advice to buy these cryptos, do you own research.**
Let's face it, Bitcoin has make its part, it brought this awesome revolution we are living in...But it's not the cryptocurrency we are gonna use, it's not made for massive adoption...
Congratulations @cryptobobby, this post is the forth most rewarded post (based on pending payouts) in the last 12 hours written by a Superuser account holder (accounts that hold between 1 and 10 Mega Vests). The total number of posts by Superuser account holders during this period was 1366 and the total pending payments to posts in this category was $12071.20. To see the full list of highest paid posts across all accounts categories, click here.
If you do not wish to receive these messages in future, please reply stop to this comment.
Good stuff @cryptobobby, keep up the great work!
What are your thoughts on the growing number of platforms that are starting to gain steam... ETH vs NEO vs ADA vs ICON vs EOS vs ... Do you think there is room in the space for all them to succeed or do you think that in the end only one will survive in the long run? Would love to hear your thoughts!
I'm pretty big on the platforms.. I don't think all of them will succeed, but I think there is a pretty long time frame until we figure out who the 1-2 winners will be.
Right now the obvious winner is Ethereum, but it's running into scalability issues and the window is open for a competitor to gain market share.
@cryptobobby My money is on Cardano cracking the scalability issue with their brainpower...
P.S. Love the show (despite your horrendous taste in liquor #sorrynotsorry ;-) )
Great stuff as always bobby!
Thanks man, appreciate it!
The material is really good,I'm a little invested in ripple I think this coin has a future.
what exchange do you guys go threw
For buying Bitcoin (BTC) and Ethereum (ETH) with fiat, I use GDAX. When buying alts, I have been buying ETH from GDAX and transfering it over to Binance. Another option, at least for U.S. users would be to buy with fiat through Gemeni.
Thank you
I'm still trying to figure out the very basics... Good tips ... This month it has seemed like everything is glittering as gold, but 2018 will be very intriguing to see winners vs. losers.
I agree with you, it's been a crazy month with so many altcoins pumping but 2018 should be a verryyy interesting year
i like your strategies thanks for this article , so much tht one can learn here
Bonjour @cryptobobby
Quel superbe article et très bien détaillé!
Merci pour votre bon article;)
Moi aussi je fais des articles sur le Bitcoin si sa t'intéresse ;)
https://steemit.com/@katouna
Ravie de vous connaître :)
J'espère qu'on sera ami ^ _ ^
Bonne journée :-D
Most important thing in investing is doing proper research, nothing else can replace that. Knowing what kind of currencies are booming, knowing the uses of the currencies etc. If you do a good amount of research you will always make more than anyone who doesn't.
If your investing long term it pays to do the research and read the white papers . Also think in 5 - 10 years time. Will this coin be a gimmick that sounded cool or will it have real utility?
Think of the IT boom in the 2000s. A lot of companies came up with ideas that sounded good at the time but when the crash happened, all the gimmicky companies faded.
Thanks for kind information. Really fantabulous.