When it comes to cryptocurrencies market, there are more than 1600+ cryptocurrenices in the market as per the https://coinmarketcap.com. So it becomes hard to choose the best #cryptocurrenices for the beginners and for elites sometimes. This article will be divided into three major sections, all this sections are more important if you don’t have experience for almost 1-2 Years! I will try to make this post a bit smaller and simpler.
HERE WE GO!!!
Tip No.1:- Diversify Across Different Market Caps.
By diversifying your #portfolio across different market capitalization reduces your risks and makes your portfolio a bit Fancy. In case you don’t know, the market cap of a cryptocurrency is its price multiplied by its circulating supply. And the coin which has high market cap is less volatile and the coin which has lower market cap is more volatile and more profitable coin.
- Example:-
A properly diversified #portfolio contains a mix of large (>$5 billion), medium ($250 million to $5 billion), and low (<$250 million) market cap coins.
Tip No.2:- Diversify Across Different Industries.
Blockchain is still young ,therefore diversity is the key!Because we don’t kniw which sectors will be more accepting of the new technology. So, it’s safe that you invest in coins across different industries.
- Example:-
Currencies: #Bitcoin, #BitcoinCash, #Litecoin
Dapp Platforms: #Ethereum, #NEO, #EOS, #Cardano, #Lisk
Financial: #Ripple, #Stellar, #OmiseGO, #Wanchain
Privacy: #Monero, #Dash, #Zcash
Media: #Steem, #BAT
Tip No.3:- Look for Hidden #Gems!!
Finding coins that haven’t haven’t become popular yet is a time-consuming process, though. It usually involves days (or even weeks) of research and slogging through a bunch of white papers. Even reviewing fifty projects may only lead to one or two that you deem worthy to invest in. SO, if you have that much of time and knowledge, then you can follow this process.
- Example:-
Early investors in #AntShares (now #NEO), have seen ~160,000% return on their investment.
An investment in Bitquence (now Ethos) would have brought you a 4,300% return.
BONUS:- Remember Friends, have more than 40%-45% of your total #crypto-portfolio in #BTC. Though it is undervalued and it's price is very low, but Bitcoin will be your safest investment ever!!
- SO FRIENDS, OUR #CRYPTO-SPACE IS STILL YOUNG AND THE ONLY WAY WE CAN SUCCED IN THIS FIELD IS BY TRAIL AND ERROR. TRY NEW STUFFS AND, AND SOMEDAY IT WILL LEAD TO SUCCESS.
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