If you don't have a big budget to spend.
Investing in cheap and promising cryptocurrency is a good strategy for the long term.
You can get more RIO if you invest in cheap crypto than if you do it on expensive one like ETH
This is my logic and I present 5 cryptos that are very promising and solid blockchains.
The first one and my favorite is Dogecoin because is's broadly established fast has a cheap transactions
Second one is Digibyte . They have the potencial to moon like GamePlay.
3 is Reddcoin because it is potential winner of even smaller social media sites start using it.
4 is Burst because like Doge is very fast and it is used in many casinos. And if more casions adopt it it will go to mars.
5 is NEM . I has the ability to integrate with big and small corporations and business , plus many more applications.
I really like Digibyte, it has the potential to be a top 10 Crypto for a long time... Never underestimate the "Gamer" community lol
I do predict as long as the developer continues to be active digibyte will find its spot.
These stocks are less than 3 cents. This I think fits into your discussion on the crypto markets and investing.
I have been sharing this info on something not widely known/talked about, crytpo related stocks. For me , just another opportunity to capitalize on this new and exciting paradigm. They are currently trading for pennies.
The stocks I think, give that still large segment of people who are not ready to learn about crytpos and exchanges, but have been on the sidelines hearing about all the excitement and gains, the opportunity to get on board this earth shaking crypto move, but within their own comfort zone by simply buying a stock that is related to bitcoin.
Most of these people already have a stock account they know how to use and in this way can participate easily. There are very few crypto stocks so these are already starting to skyrocket just in the last couple of days but may present an very unique opportunity. As a warning, there is not really a ton of info about them so use risk capital only!
I have put some money into them in just the last 1-2 days, already up significantly which means they may skyrocket further, or pull back hard, I do not think anybody can predict. Dollar cost averaging is probably the best way to enter at this point as they are just moving so fast now and price points could be anywhere next week. Anyways, I thought I would share, fwiw.
Here is a link with some of the info on 2 of the stocks crypto stocks that I just put together for myself and others as a starting point for due diligence.
https://steemit.com/bitcoin/@motowngold/global-arena-holding-inc-gahc-another-rare-bitcoin-and-blockchain-stock
Great post, as a newbie this is great information for me.
Upliked and followed.
Thank you. Good luck with your investments
what about ripple....it gained a good volume and value in a short time....its not decentralized as far as i believe but is backed by banks and big corporations ..so i think it is also a good investment
Good points in this post. Good to see I'm not the only one that is thinking about this. The crypto space brings the biggest group of uneducated investors with it. This group will only grow. We do need to look better at the insights of every coin. What team is behind it, is there any management. How strong is the product, is there any product at all? Does anyone know about: https://www.coincheckup.com Every single coin can be analysed here based on: the team, the product, advisors, community, the business and the business model and much more. See: https://www.coincheckup.com/coins/DigiByte#analysis To check DigiByte Analysis
I love doge and hope all do the same. #HailDoge