Anthony Pompliano,;Founder & Partner at Morgan Creek Digital says History will be unkind to those who knew about Bitcoin early and did nothing.
And I second with him.
I would also like to add that history will be unkind for those who arent willing to adapt and embrace cryptocurrencies and blockchain technology in general.
Remember:
I dont mean this only in the investing realm but overall in a holistic way.
But when you have the investment opportunity in this technology which can be the future of digital currency, why not do so?
Many of you couldnt participate in the internet boom of the 90s, so why not now? When you have the opportunity knocking at your door.
Of, course, I am not here to persuade anyone, but I want to share my thinking and tell you which are the best cryptocurrency to invest in 2020!!
But when you have the opportunity to invest in this technology, why not do so?
If you are one of those you ask your friends who are trading in cryptocurrencies What Cryptocurrencies to Invest in 2020?
You are in the right place !!
So lets get in:
| Cryptocurrencies To invest In 2021 | Quick Buy Links |
# Best Cryptocurrency To Invest : Stellar
Launched in August 2014, Stellar seeks to provide crypto enthusiasts all over the world with a super-fast cross-border payment system that is easy to use as well as transparent in nature. It is worth mentioning that back in 2014, the value of XLM was worth almost nothing. However, by the end of 2018, the price had spiked to $0.94.
This year, XLM is priced at around $0.06. Although the platform continues to face increased competition, a number of experts believe that good things lay ahead for the Stellar ecosystem over the coming few months.
Should I Invest In Cryptocurrency
Plain and simpleinvesting in cryptocurrency is not a good way to build wealth for your future. If you really want a solid investment, dont mess around with adding some crypto coins to your digital wallet. Heres the better plan: If youre out of debt, have an emergency fund that will cover three to six months of expenses, and youre ready to invest, then focus on investing 15% of your income in growth stock mutual fundswhich are way more secure than crypto.
Dont give in to stupid just because theres a lot of hype. Weve talked to people who have taken out a mortgage or cashed out their entire 401 early to invest in cryptocurrencyheck no! Dont put it all on the line and risk your financial future, your retirement dreams and your familys well-being. If you cant afford to lose the money, dont invest it in something as unstable as crypto.
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Etoro The Best Platform To Buy Cryptos
eToro have proven themselves trustworthy within the industry over many years we recommend you try them out.
Cryptocurrencies are highly volatile. Your capital is at risk
WithÂeToro, you can start buying and selling cryptos, or trading CFDs, of over 90 cryptocurrencies.
Investing in cryptos is worth considering.
Happy Investing!
Trading analysis is not a reliable indicator for any current or future performance, as circumstances may change over time. Before making any investment decisions, you should seek advice from independent financial advisors.
eToro;is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Reasons To Invest In Cryptocurrencies: Introduction
Is crypto a good investment?
Cryptocurrency and blockchain technology have taken the whole world by storm, so its no surprise that more and more people are turning to crypto investing.
There are various reasons why people invest in cryptos to meet their financial goals.
However, there are those that invest in the crypto market for the wrong reasons.
Here the top 15 reasons why every investor should have cryptocurrencies in their portfolio.
Recommended Reading:Â How To Buy Small Amounts Of Bitcoin
Why Are Cryptocurrencies So Popular
Cryptocurrencies appeal to their supporters for a variety of reasons. Here are some of the most popular:
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Supporters see cryptocurrencies such as Bitcoin as the currency of the future;and are racing to buy them now, presumably before they become more valuable
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Some supporters like the fact that cryptocurrency removes central banks from managing the money supply, since over time these banks tend to reduce the value of money via inflation
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Other supporters like the technology behind cryptocurrencies, the blockchain, because its a decentralized processing and recording system and can be more secure than traditional payment systems
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Some speculators like cryptocurrencies because theyre going up in value and have no interest in the currencies long-term acceptance as a way to move money
Cryptocurrency Gives You Independence & Flexibility
Whether you decide to invest in Ethereum or Tezos, your crypto money is only yours. As stated above, cryptocurrencies do not rely on banks that have exorbitant fees just to hold your money.
Moreover, the crypto market is open 24/7, so you do not need to worry about opening times; you can choose when and how you want to buy and sell. Isnt it a good enough reason to invest in cryptocurrency?
Thats right! Its all up to you to organise your time and trading routine. You can trade either full- or part-time; you can trade cryptocurrency while travelling as well. How cool is that?
Read Also:Â Which Credit Card Allows You To Buy Crypto
Are You Looking For More Great Cryptocurrencies To Buy
You made it to the end of my list! I hope you enjoyed my top 11 cryptocurrencies to buy for 2021, and that you found the information I provided useful.
If youre looking for more great cryptocurrencies to invest in, or to find out which coin is going to be the next big cryptocurrency, here is what you can do:
# Best Cryptocurrency To Invest : Crypterium
Even though the name;Crypterium;might not be that popular amongst crypto enthusiasts globally, the currency has shown a lot of potential in 2019. In its essence, it is an Ether-based token that serves to power all of the native transactions associated with the Crypterium Wallet.
However, one of the most interesting facets of Crypterium is that 0.5% of every transaction fee associated with the platform is used to burn CRPT tokens, which essentially drops the total token supply volume in the long run .
# Best Cryptocurrency To Invest : Tierion
TNT is an ETH-based token that is used for verification-related matters within the Tierion ecosystem. For those of our readers who may not be aware of what Tierion is, it is a platform that allows crypto enthusiasts/developers to make use of the systems native blockchain for a host of different data verification purposes.
As things stand, it is estimated that;Tierion;is compatible with a total of 500+ apps that are designed for the verification of on-chain data. In this regard, as the number of supported apps continues to increase, it would not be surprising to see the value of TNT soar and grow.
Bottom Line: Which Cryptocurrency To Invest In 2021
As a widespread adoption of cryptocurrencies and crypto payments is a matter of time, 2021 is going to be a great year for the entire crypto market. Although lists of top cryptos may differ, all of them could provide some good trading opportunities, especially if we talk about CFD trading.
Contracts for difference could serve as a good alternative to buying digital coins, as with CFDs you can benefit from both the upward and downward price movement. Follow the latest market news, track your favourite cryptos price live, analyse its performance and make a long or a short trade accordingly.
Your Money Could Be Stolen
A computer hacker can steal the contents of your digital wallet.
Your digital wallet has a public key and a private key, like a password or a PIN. However, digital currency systems allow users to remain relatively anonymous and there is no central data bank. If hackers steal your digital currency or ICO tokens, you have little hope of getting it back.
You also have no protection against unauthorised or incorrect debits from your digital wallet.
# Best Cryptocurrency To Invest : Chainlink
The name;Chainlink; has become extremely popular throughout 2019 amongst crypto enthusiasts all over the world, because when the market at large was struggling to find its feet due to all of the bearish pressure being faced by this sector, LINK continued to surge and grow.
In its most basic sense, LINK can be thought of as an Ethereum token that is used to drive Chainlinks native decentralized oracle network. Owing to the use of its novel framework, the platform can deploy ETH smart contracts, to connect with several external APIs and payment systems. Not only that, but Chainlink also has the unique ability to transfer information in/out of;the native blockchain;in a manner that is highly secure, trustworthy, and decentralized.
How Do You Store Your Cryptocurrency
Hang with us, were about to get pretty techy here. You store your cryptocurrency in something called a digital walletusually in an app or through the vendor where you purchase your coins. Your wallet gives you a private keya unique code that you enter in order to digitally sign off on purchases. Its mathematical proof that the exchange was legit.
With us so far? Okay, good. Because were about to get into the tech weeds even more.
Cryptocurrencies use something called blockchain technology. A blockchain is like a really long receipt that keeps growing with each exchange of crypto. Its a public record of all of the transactions that have ever happened in a given cryptocurrency. Yes, it sounds like its straight out of The Matrix. Just think of it like a ledger that shows the history of that piece of currency.
How To Trade Cryptocurrencies With Etoro
All you need to do is follow these three simple steps.
Step 1. Head over to eToros website, click Join Now and fill out the registration form. Youll need proof of ID and address this is to prevent fraud and comply with anti-money laundering laws.
Step 2. Make your first-time deposit. The minimum is $50 in several countries including the US and UK, in most other countries its $200. Note that in some countries the first-time deposit is much higher, so check before you sign up!
Step 3. On eToros platform, click on Trade MarketsCrypto and click on the crypto you want to trade. Then choose your terms and youre done!
And now youre trading crypto!
Day Trading And Scalping
A crypto day trading strategy allows the trader to take full advantage of cryptocurrency assets price volatility. As mentioned earlier, virtual assets are currently extremely volatile, which works to the advantage of a day trader.
The day trading strategy is a game of numbers strategy. A day trader will make multiple trades within a day, buying low and selling high within little gains that compound to large sums by the end of the day. Typically, sometimes it gets hard to perform this manually. To succeed in this strategy, you will need to consider automating your trades using trading applications or crypto trading bots like Coinrule.
Please note:Â It is not recommended that you begin your trading journey as a day trader. This is because this strategys fast-paced nature will require that you make fast decisions, and there is little room for research between trades.;
Scalping is a part of day trading but typically involves concise trading periods. Think minutes.
When either day trading or scalping, many trades will result in both wins and losses. The idea is to make sure that the win/loss ratio is in your favor. Score more wins to consider your strategy a success.
Is Investing In Uniswap A Good Idea
DEXs are expected to overtake traditional crypto exchanges in the future. Investing in UNI now could be like being an early investor in Binance several years ago.
Uniswap Price Prediction Forecasters 2021:
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Read our article on UniswapÂhere.
Have you consider investing in UniswapÂin September?
Ethereum : The Potential Bitcoin Flipper
Ethereum is the king of all altcoins, undoubtedly. ETH is ones of the safest altcoins to hold and is currently going through a significant change. This change will maximize the utility and transitioning Ethereum into Proof-Of-Stake based model. With a live price of $3973.76, Ethereum shows no sign of slowing down.;
The latest bull run has resulted in the increase of value for major cryptocurrencies. The Economy Forecast Agency believes that the price of ETH could witness a significant rise. Crypto analysts expect ETH to cross the $5000 barrier in September. The coin is unstoppable in terms of growth as well as volatility.
With the rise of NFTs, ETH could potentially be flipping Bitcoin by the end of 2021.
Pros: Why Investing In Ripple Xrp Could Be A Good Idea
In 2021, Ripple moved into helping central banks create private ledgers based on Ripples ledger, as reported by Coindesks Jamie Crawley. These private ledgers will then be used for CBDCs .
It is also important to remember that Ripple, for a very long period, held the position of third-largest cryptocurrency by market capitalisation.;
And so, with that history, it might be very possible for it to return to these heights. People have seen what Ripple can do.
But the biggest reason why XRP should be on your list is that many believe that Ripple will win their court case with the SEC, which would be great for its price.
It is starting to look like the SEC doesnt fully understand how XRP works and it has already been classified as a virtual currency by FinCen in a previous case, not a security.
Whats The Top Cryptocurrency To Invest In September 2021
This month were cautiously getting deeper into DeFi projects as it has become undeniable that they are part of a new wave of cryptos that will likely continue to boom very soon.
Thats why were keen on both Uniswap and Compound, both of which are providing services crypto users crave.
On top of this, the mother of crypto no not Bitcoin! Ethereum is the platform where some of the biggest DeFi projects exist, which could mean ETH gearing up for a rollercoaster ride upwards.
Similarly, we have potentially big changes heading to both Cardano and Ripple. The former finally, delivering its smart contracts and the latter may be out of legal hot water.
And lastly, we come to everyones favourite, Bitcoin. Despite BTCs exceptional ascent to 64k in 2021, big financial institutions are not that deep yet!
It feels like every week theres a new way to invest in BTC by some clever guys on Wall Street. And with those clever ideas, more of the wealthiest people in the world will dive into BTC and the price could reach astronomical levels.
If you are new to the cryptocurrency market, then these 7 cryptocurrencies are the best choices for you. These 7 will show potential growth and are also cheap.
In the end, your choices should depend on what kind of investor youd like to be, your knowledge of each crypto and the size of your bankroll.;
What Are The Risks Involved In Cryptocurrency Investing
As with any investment, crypto could potentially help investors build extraordinary wealth, though one big turn could mean losing an entire investment in a short period of time. But crypto has other risks, too: its still relatively new , and with governments still debating regulations, theres no telling what will happen in the future.
So, before jumping on the crypto bandwagon, we generally recommend investors consider these risks :
Remember To Stay Safe
Buying the best cryptocurrencies is not enough to be a successful crypto investor.
Countless promising investors saw their crypto journey end brutally because they did not pay attention to security.
If youre serious about investing in cryptocurrencies, put some effort into reinforcing your security.
- Read;the ultimate cryptocurrency investment strategy guide I wrote about the 50 mistakes cryptocurrency investors make — many of them are related to security.
- Purchase a hardware wallet . Our favorite hardware wallets are the ledger nano s and ledger nano x.
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Ready To Invest In Cryptocurrencies
So now that youve got some valuable insight into which cryptocurrencies are worth considering this year, you might have a few practical questions related to testing the cryptocurrency waters. Following are four main steps to help you get started:
- Registering with a crypto exchange
- Picking a crypto wallet
- Research, research, research
- Automate your trading with Tralitys state-of-the-art tools
In the following sections, well cover the basics to get you started quickly and easily.
Step 1: Choose a crypto exchange
In order to trade any cryptocurrency, you need to choose a crypto exchange. As with cryptocurrencies themselves, however, there are plenty of options, and deciding on one in particular can be a bit of a difficult task, which is why weve writtenan in-depth article covering the best ones.
In our rundown, we cover a wide range of exchanges, includingBinance,Kraken,Coinbase, Bitpanda,BitMEX,CEX.IO andLuno as well as offer tips about key things to consider when making your decision .
Step 2: Picking a crypto wallet
Just like fiat currency, you need a wallet for cryptocurrency . But unlike traditional wallets, crypto wallets dont actually store your cryptocurrency, but rather your public and private keys. In this respect, a crypto wallet is more like a bank account in which you keep track of your transactions.
Step 3. Research, research, research
Step 4. Automate your trading with Tralitys state-of-the-art tools
Digital Cash Or Internet Money
Internet money is exactly what it sounds like you use it to buy things over the internet.;
Bitcoin was originally intended to be digital cash, but speculation led to the creation of another cryptocurrency, Bitcoin Cash . Bitcoins price was too volatile for it to be a suitable currency, which proponents for Bitcoin Cash argued was the entire point of the currency to begin with.;
There was a big debate about what the future of Bitcoin was going to be. Was it gold or was it cash? The people who wanted it to be more like gold won out, says Moore. The decision was a turning point for Bitcoin where it really went down to be digital gold.;
But the group that wanted Bitcoin to remain internet money split off or forked, in crypto parlance the currency and created Bitcoin Cash. The network is devoted to digital payments . In these ways, Bitcoin Cash is meant to be cash. Thats the value proposition, says Moore.
Though Bitcoin Cash is designed and intended for transactions, its price is still volatile and probably not your best option for making or receiving payments.;