10 Cryptocurrency Investment Strategies For Success in 2019

Cryptocurrency Investment Strategy

I am not talking about buying bitcoin alone. I am not here to double or triple my money when I can potentially create 10times, 100times or even 1000times my money investing in ethereum and other new coins which have potentials. In just few months I’ve made nothing less than $100,000 investing in ethereum and other coins . My rules for buying cryptocurrencies if I want to keep my 98% win rate are thus; The asset must have intrinsic value, The asset must be new, but not too new.

While most cryptocurrency-fans think that this takes away the whole fun and sense of it, for many people it is the easiest way to invest in Bitcoin’s success. You can use the investment channels you already are used to, and if something goes wrong, you have your certificate and someone to take to the court. Up until late 2016 Bitcoin was the cryptocurrency, and there was not much besides it.

Reasons For Making Long-Term Investments

To trade, you also need a method of converting from one cryptocurrency to another. After purchasing cryptocurrency (see our guide to learn how), consider a wallet that stores multiple types of cryptocurrency and the ability to trade between them, like Binance.com. Such wallets often also have real-time price exchange rates particular to their service, letting you know exactly what amount of cryptocurrency you can get for your trade. Cryptocurrencies are an extremely volatile market. In July 2010, the value of Bitcoin grew 900% in the space of five days .

Cryptocurrency Investment Strategy

An ICO that promises “guaranteed returns” on their investment is a scam. Any crypto investor worth their salt will tell you that will tell you that there are no guarantees in the crypto world. Firstly, check the project to see whether the coin is bringing in any real utility into the ecosystem. The perfect example of this is Ethereum. There is a reason why it took of so fast, think of the sheer value that it was bringing in.

Blockchain-Related Stocks as a Crypto Strategy

Ethereum is having a circulating supply of 106,376,346 ETH and a market capitalization of $26,307, 580,992. Cryptocurrency Exchanges Although there are plenty of mistakes to avoid, most of them are common sense and require no memorization.

As Bitcoin rises, more and more brokers and exchanges try to setup a Bitcoin based financial product. First, because you want to hedge your net-worth against the fall of the Dollar imperium, which is assumed by many people to inevitably happen at some time. Second, because you support the social vision behind cryptocurrencies – that of free and hard money for the whole world. Third, because you understand and like the technology behind it.

You can then make informed decisions based on today’s market price. The more accurate your predictions, the greater your chances for profit. Embrace volatility – Cryptocurrencies are famously volatile.

3. Avoid a bad trade or investment strategy

  • Looking at the performance of these cryptocurrencies, Tron portrayed an example of how a digital currency ought to become bullish.
  • This is because Ethereum offers something special — by using Ethereum’s platform, developers can build their own cryptocurrencies.
  • Second, because you support the social vision behind cryptocurrencies – that of a free and hard money for the whole world.
  • These will be the so-called “killer applications,” whose returns will be beyond imagination.

The exchange operates without loss of customer’s funds since 2011, the owners are well known in the German and European community, and an annual audit by external company checks if all coins are available. This level of trust, however, can rarely be achieved when you hold a lot of altcoins. That’s the risk you need to take. The art of trading is to decide when a crypto is in bubble mode and when it reached the bottom after falling. What is easy to say in retrospective is a hard question in the present, which can never be answered with absolute certainty.

Best time might be when the price is stable at a relatively low level. Fiat to Crypto exchanges helps you buy Cryptocurrencies in exchange for Fiat money.

We have developed a very comprehensive cryptocurrency investment strategy, that we continue to improve every day. The strategic elements of the strategy will certainly support in making the most out of the current crypto market developments.

Your expected value may be much higher than the market reaches. This will either lead to trading losses, or holding a position much longer than initially planned. Another challenge with this strategy is the increased need for security.

Cryptocurrency Investment Strategy

To be a successful investor in this space, it is best to just buy and hold what you believe in (see tip 4!) while ignoring all the noise around you. Cryptocurrency is an internet-based medium of exchange which uses cryptographic functions to conduct financial transactions.

Binance DEX would be available on all platforms, including Windows, Linux, Mac OS, iOS and Android. BNB has seen an upsurge after its mainnet got released and it has been more or less stable as compared to other cryptos. In the month of May itself, it has jumped from 1around https://forexbitcoin.info $19 on May 9th, 2019 to around $35 on May 25th, 2019 which was the highest for that month. BNB is now trading at 31.92 USD with an increase of around 6% in the last 24 hours and has a market capitalization of 4 billion USD and a circulating supply of 141,175,490.

XRP has performed not bad in May, as it has touched $0.456 in the initial days in May. XRP is now trading at $0.405946 with a circulating supply of 42,181,995,112 and a market capitalization of around 17 billion USD. Bitcoin celebrated its 10th birthday on 3rd Jan 2019 and ranked up on our list of top 12 cryptocurrencies for long-term investment in 2019.

Cryptocurrency Investment Strategy

The crypto market is incredibly volatile, 2-3% from the stock market translates into 10-15% in crypto and the sooner you accept this and learn to ignore it, the easier and better for your long-term portfolio performance. A very important pre-requisite is that you only invest in a cryptocurrency where you know everything about the company, the token, the usability of the coin, whitepaper, and roadmap, the blockchain basics of the project.

Cryptocurrency Investment Strategy