What cryptocurrency to invest in (2019)?
If we see what has been the performance of cryptocurrencies in 2017 we can see that they had a year more than magnificent, with growth that went from 2,000% for Bitcoin to more than 30,000% for cryptocurrencies such as Ripple. They may not have had the best year in what we have been in 2018, but that does not imply that what remains of the year and next things can improve.
A recurring question among all beginners is what cryptocurrency to invest in? It is an answer that even experts look for, so we will try here to cover what is the best place to place our money.
If you've ever wondered, should I invest in Bitcoin? Should I invest in Ethereum? You have reached the right place. The guide is about cryptocurrencies that have the best perspective for 2019, but starting today.
It will not be a precisely short article, but if you stay at the end you will have a better idea where to do it. With hundreds of cryptocurrencies in the market, answering this question is not difficult, but let's begin to see what options we have.
The market so far
The first thing I have to talk to you about is how the market is right now. Everything was positivism at the end of 2017 and beginning of 2018, but the picture has changed a lot after having a bear market for several months.
The first cryptocurrency will all know that it was Bitcoin, invented in 2009. This marked the beginning of virtual currencies, although it took several years until people finally started talking about it, in 2013.
Since then, the market has experienced great growth, some that are very difficult to ignore because of the enormous volatility they maintained. There are more than 1,500 cryptocurrencies, many of which have been created in recent years.
In 2017, the crypto market really exploded. We could see how the total capitalization of this skyrocketed 4,000%, an unthinkable figure if we compare it with that of the S&P 500 of that same year that was somewhat higher than 20%. In March 2017, the market was only worth $ 21 billion, to end above $ 450 billion.
The market is no longer about Bitcoin only, but there are great competitors. These cryptocurrencies have entered the sector, such as Ethereum Litecoin and Ripple, offering great results, far superior to some of the first cryptocurrency.
Everyone has opinions about the future of cryptocurrencies. Some believe that they will not last long and that we will soon see them disappear, while others consider that they have arrived to stay and that they are an instrument that can radically change the financial system as we know it.
It is difficult to predict what will happen tomorrow, and much more within a year, not to say that it is impossible, but there is something true and that is that cryptocurrencies every day increase in popularity. One of the reasons for this is the technology that allows its existence, blockchain technology. This makes many things possible, such as digital currencies, but also endless applications.
There is a huge possibility that blockchain technology is as big as the Internet, because it is secure, does not require third parties and is decentralized. And while we cannot learn to invest in blockchain, we can learn to invest in the cryptocurrencies that use those blockchain chains.
The best cryptocurrencies to invest in 2019
There are few people who have not heard so far about Bitcoin. It is the cryptocurrency with the most value, that is, it has the largest market capitalization, with 40% of the share. In turn it is the oldest, dominating during all these years. So if Bitcoin continues to grow at the pace it has done in recent years, it may be a good idea to invest in it.
Every day the price of Bitcoin varies significantly, this is because there is great volatility (that is, prices increase and decrease over the course of the day in a great way). If we see your chart, we notice the big changes in its price over the years.
In 2013, more precisely on July 9, it cost about $ 76, and from there it rose to $ 20,000 in December 2017. After that we saw how it fell to $ 6,000, in just two months. A real madness. But despite everything it remains very positive.
Seeing how much the price can change in such a short time, how do we decide the best time to invest in Bitcoin?
The reality is that you can't, no financial genius can predict when something is going to go up or down with the precision that most people look for. The strategy that a good investor must follow is to first find the cryptocurrency that he believes has growth prospects, then invest and finally sit back and wait. Otherwise it is very likely that you end up