Best Cryptocurrency To Invest In

Best Cryptocurrency To Invest In

1920 1280 Joaquim Miro

All of the following opinions on the best cryptocurrency to invest in are my own. If you take a position in any of these coins in response to this article, I cannot be held liable for any loss or gain incurred. I have a position in many of these coins as well as others not mentioned below. Good luck to you all!

 

With over 1300 cryptocurrencies (and counting!), it’s extremely difficult to predict which ones will end up on top. Considering the speed at which most of these coins have grown in value over the past 6 months, it’s evident that we are entering a bubble similar to that of the dotcom boom. What this means is that while many of these coins will lose most of their value in the next 3 years, there will be a select few that will come out to become household names  like Google, IBM, Apple and Microsoft did.

 

So how do we find out which ones are the best cryptocurrency to invest in? By selecting them with their future potential in mind.

 

10% Of My Portfolio Is For ICOs: Here Are My Favourite Upcoming ICOs

 

If these recommendations help you make money please consider donating some bitcoin to the following address: 

1DLNEM5bMgWjCouNWRmpYPPLuDAWDMhdny

 

Best Cryptocurrency To Invest In

While there is no single best cryptocurrency to invest in, there are many that I believe will come out victorious in the medium and long term. I chose these cryptocurrencies using the following criteria.

 

While this list is far from exhaustive, it provides a strong framework with which to choose your cryptocurrency investments. Here are the 6 criteria to always keep in mind before adding a coin to your portfolio.

 

Real Life Use. Does the coin offer a real life use? Some coins are used as a store of value (like Bitcoin, Dash, ZCash, Etc.) while others are used for entirely different purposes, such as Lucid Exchange with decentralized derivatives trading. Make sure to invest in coins that have a future use, and aren’t simply another replica of some of the existing coins. We’ll cover some of these examples below.

 

Strong Development Team. The developers are the most important part of the equation. Are they actively developing the blockchain technology? Is there a growing community of developers working on the project? Is the team made up of legitimate people with a proven track record of success? Always do your due diligence before investing in a coin.

 

Security of the network. Are there enough network nodes? Is there a system in place to ensure that the blockchain network will always have enough people to remain decentralized? If you can’t answer yes to these questions, then don’t invest in the coin.

 

Communication. Does the team communicate with its investors? Does the team have a clear growth map in place? Is there a community where you can learn about the latest development.

 

Coin was not significantly pre-mined. Often the development team takes a large portion of the pie. It is important to stay close to the community to see what the general feeling about this is.

 

Don’t Keep Your Coins On An Exchange – You Will Eventually Get Hacked!

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Best Cryptocurrencies To Invest In – September 2017

With the above criteria in mind, I came up with a list of coins I believe will come out on top. It also allows you to diversify your portfolio, having coins that offer completely different benefits. Make sure you keep your coins in a safe wallet on a usb key, such as these ones.

 

Ethereum. This is by far the most important coin to invest in. It will serve as the basis of an entire ecosystem of “DApps” (Decentralized Apps). In the same way that Apps were the big thing in the past decade, DApps will become the next big thing. The reason for this is that all the DApps can communicate with each other, since they are built on the same blockchain. This allows for efficient cross-industry interactions which were never possible until now.  It’s like a global supercomputer that can communicate cross-industry.

 

Basic Attention Token. With the ever more powerful AIs, most jobs will be replaceable in the next 10 years. In a world where computers run our jobs, what is the most valuable thing that humans can provide? Their attention. This coin is trying to radically change the face of the online advertising world by offering people to either block all ads, or to turn them on get paid for the ads they watch. The technology uses the Brave Browser, which you can download for free today. As if this weren’t enough, the leader of this project is Brandon Eich, writer of the programming language Javascript.

 

Bitcoin. There are 5 major phases of adoption, and we are only entering phase 2. As digital coins become an acceptable form of payment across the world, the current leader will be difficult to unthrone. With the development of a scaling solution, Bitcoin might just remain on top for a lot longer than we think. The entire community is developing rapidly, with radical projects such as BitNation and the Blockchain Education Network.

 

Waves. While Ripple became the third most valuable coin for working with banks, I believe it is a risky cryptocurrency as it is not truly decentralized. This is where Waves comes in. This is a coin that offers similar benefits that Ripple does, such as the ease of creating new coins on the blockchain, while remaining a completely decentralized blockchain.

Omisego. This coin is one of the major coins in Asia. The team is composed of individuals with a large vested interest and a lot of connections including one with the father of mainstream crypto Vitalik Buterin (founder of Ethereum). They recently announced a partnership with McDonalds to have people pay their food using OMG Tokens! I think this coin is only going up for the next few months!

 

Factom. This smart contract blockchain already has enough contracts to be worth double its current price. It works mostly with defence contracts, having the US Department of Defence as one of its major clients.

 

PIVx. This coin is a faster and more efficient version of DASH. I believe it is a risky bet that may come to dethrone Dash in the coming months. This coin is also more speculative than anything else though so beware.

 

Golem. This technology will allow you to rent out unused computing power. They believe they are creating one of the next internet norms, and I believe it. If you expect the world to be run by computers in the next 5 years, then this coin should be part of your portfolio.

 

Storj Coin. Decentralized cloud storage will become a norm. And when it does there’s a strong chance this project will serve as its leader. It’s main competitors are SiaCoin and FileCoin, both of which could also be great pics!

 

 

Why do I offer this information? To help you grow your career through travel.

 

Only Invest What You Can Afford To Lose

ALL OF THESE COINS ARE RISKY. I cannot make it clear enough that you should not invest money you aren’t willing to lose. For example, Ethereum could lose 80% of it’s value in 10 minutes if it’s founder Vitalik dies. Another example would be that BAT could lose everything if they don’t get a strong enough user base or if Google builds a better app. Each coin has its risks, so it’s up to you to do your due diligence. Nevertheless I have already seen a return of over 500% since initiating my position in most of these coins, and believe this is only the beginning. You could also get hacked, especially if you are not leaving your coins on a separate usb key wallet.

 

The rest is in your hands. Learn how to buy cryptocurrency here and feel free to read the article below to learn more about how it all works. If you have any comments, questions or concerns don’t hesitate to leave a comment below!

 

If these recommendations help you make money please consider donating some bitcoin to the following address: 1DLNEM5bMgWjCouNWRmpYPPLuDAWDMhdny

 

Up Next: Best ICOs To Invest In This Fall

 

Disclaimer: I have a position in many of the coins above, but no plan on initiating a buy or sell on these in the next two weeks. I was not paid to write this article and was not paid by any of the featured coins.

 

Until Next Time,

 

The Alternative Ways

Don’t Keep Your Coins On An Exchange! It’s An Unnecessary Risk

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Joaquim Miro

As a passionate traveler, pianist, paraglider, digital marketer and cryptocurrency enthusiast, I always felt the urge to travel the world, but stopped myself because of my career. So I took a leap of faith to prove that it is possible to grow your career through travel. And it worked! Now I am on a mission to help you do the same.

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32 Comments
  • If you have any other cryptocurrencies you would recommend or have additional questions on why I chose these coins, don’t hesitate to participate in the discussion by commenting here!

  • Yaroslav Writtle July 25, 2017 at 12:47 pm

    I think Iconomi would be a strong one to add to the list. Strong fundamentals, clear roadmap, overall clear value add.

  • very interesting from a cryptohype point of view & some valuable advice here but,

    ”If you expect the world to be run by computers in the next 5 years”

    to me, this kind of statement seems reductive & apolitical, typical of a lot tech evangelism. computers will not settle border wars, increased inequalities, resources depletion, etc.

    also, Factom being used by DOD seems like a very unappealing selling point to me just sayin’ 😉

    • Alex! So great to hear from you 🙂 I completely agree that it sounds a bit intense but I hope you know what I meant by it. I believe we will double our use of computing power every year until then, at which point computers will be powerful enough to solve (or cause) the problems you mentioned.
      As for Factom, it also has a major partnership with the Gates Foundation with the objective of creating a decentralized medical database. The ying and the yang 😉

  • This is one of the best articles I have ever read. Great advice on the criteria to look for before investing. Usually writers just mention that cryptocurrency investments are risky & one shouldn’t invest the money he/she is willing lo loose which readers usually ignore but you gave perfect examples of how Ethereum & BAT could loose their values overnight which would make people think that they must invest the amount of money they can afford to loose. I usually get bored while reading articles but the way you have presented it, I mean the font type & font size used, space between paragraphs etc makes it interesting to read it. I request you to keep it up with such articles on cryptos.

  • Joaquim, thanks for the read! I was wondering what your thoughts were on IOTA. I realize they use Tangle, instead of block-chain. But if what you say about an increase in computing power is true, wouldn’t IOTA be more than useful when it comes to computer to computer transactions?

  • Thanks for a list with some logic behind each coin. What are your thoughts on Siacoin?

    • Love it! I think their system is still a bit glitchy but its certain either Siacoin, FileCoin, or Storj will become a staple product everyone uses to store their info on the cloud for an 8th of the current storage price!

  • Absolutely useful article! Thank you so much! After blockchain-hero that was the most interesting website for this theme!

  • Hi,
    I’m learning daily about cryptocurrencies and have booked marked your site. Great read.
    Do you have an opinion or any advice on Monero? I was reading an article about how the darknet markets are increasing this currency quite rapidly, and although I don’t condone illegal activity on these sites it looks like they will be very hard to close all of them down before rises in Monero prices.
    Thanks
    JJ

    • Hi JJ,

      Great to hear it! Yes I believe Monero and OMG should probably be added to this list as well. Not just because of the illegal activity but because these are well working digital currencies that will invariably grow in value over the next months/years.

      Cheers,

      Joaquim

  • Yer best article I’ve found thanks.
    I’m assuming you think it is best to own different coins for different purposes as such.
    That the coin that becomes the leader in a sphere will do well.
    And that different coins could all prove to be good investments.
    I was suggested Dash what’s your view. Is 5000 to 10000 dollars worth of investment a good start and is possible to continue to grow your value without continuing to invest ones hard earned dollars.
    Cheers Mason

    • Hi Mason,

      Thanks for the kind words! I think that 5-10k is a pretty big start already! If you get lucky and put the majority on a coin that quadruples quickly, I recommend you take out your primary investment and bit more, so that everything that is left is now “play” money per say. This is probably not what a professional investor would tell you, but guess what, we aren’t professional investors!

      It’s never wrong to take profits, but make sure to only take out once you’ve more than tripled/quadruppled your position so that you still have enough to keep creating more wealth.

      As for Dash, I don’t know what to think about it. It’s community is working hard to have it implemented in various industries, such as music festivals and such. Maybe it will stay on top if it can continue to show value. Either way it would be a longterm hodl, rather than a coin you invest in with expectations of large shortterm gains (because it’s already a top 10 coin).

      Cheers!

  • What about NEM ?

    • Love it! I have a small position in it, and plan to HODL for a long time in case it ends up becoming the main virtual currency people use to pay for things.

  • ethereum 2020 price August 30, 2017 at 8:34 pm

    It’s wonderful that you are getting thoughts from this article as well as from our dialogue made at this time.

  • Hello Joaquim,

    could you tell me please, is it available to store a couple of cryptocurrencies on one usb wallet?

    • yes of course! The Ledger Wallet can store BTC, ETH, BTCash and any of the ERC20 Tokens. This means it can store OMG, BAT, Funfair, and all the other erc20 tokens (any token that runs on ETH). Here is a list of all the tokens it can hold. https://etherscan.io/tokens

  • Hi, Joaquim, just stumbled upon this article and feel very late on your recommendations! Do you have any newer listed ICO’s that you’re high on or any other sleepers to take a look at? Thanks so much! gage

    • Hi Gage,

      Yes definitely! Check out my ICOs article (thealternativeways.com/best-icos-to-invest-in/) for the most up to date list 🙂

  • Very useful and intersting article, please could you tell me what about ripple how do you see it future?

  • As a recent crypto enthusiast can you recommend the best site to purchase your recommendations and storage device.. Thanks in advance… Jeff

  • This is a fascinating article! I wonder what do you think about Publica.io – they are building a platform that aims to bring the publishing economy into the blockchain revolution.

    • Hi Mr.Miro,

      As everybody said, i am really satisfied with what you just wrote.
      The suggestions to choose our coin to invest in are simply true and easy to verify by ourselves.

      This being said, I am really surprised that you didnt even mentioned ARAGON (ANT)

      A very nice project without any competitors, with some solid partners too, still really undervalued …

      I wanted to know your opinion on it.

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