The short answer is you can’t.
But there are some tips for investing that make your risk of loss much lower. And your potential for gains much higher.
Baseline vs. Noobs
First, as we will see a monumental rise in Bitcoin, Ethereum, and Litecoin over the next three to five years, one can be assured that these three primary and “baseline” coins will continue to skyrocket. This having been said, it’s a perfect time to be moving from BTC into alt-coins that have a low buy cost. And why? Because as we see something like Verge rise from a penny to a dollar, those who invested in it at a penny will see a one hundred-fold return on their investment (ROI).
First things first
So here’s what important, you have to KEEP BUYING BITCOIN. All the while, you have to take little bunches of it, and invest it through an exchange like Binance or something similar, into what are curtly called, “altcoins.” Simply, they are the runner(s)-up. For now. Though as with exchanges, the best may be yet to come. Will we see another currency match bitcoin dollar-for-dollar? Absolutely. Just not immediately. But it’s remarkable how fast some of them are growing. Take for instance the fact that over the past week, Verge has quintupled in value. It went from a penny to two, to three, to four, to FIVE, over the course of one week.
This means, if someone invested $1000 USD in Verge last week, their investment would be worth a startling FIVE THOUSAND dollars today. That is a $4000 paycheck for one week of sitting back and watching a ticker tell you your investment is ballooning.
Never before in the history of currency or commodities have we, as the human race, seen such a rise. In anything. Ever. The utter profundity of the meteoric rise of cryptocurrency as a stable form of commodities trading has gone from nothing to the proverbial 160MPH in a matter of ten short years. It’s truly remarkable!
Here to stay!
Cryptocurrency is here. And as long as coins are being mined, transactions are being verified, and new alternative currencies to “the big three” keep presenting themselves, investment opportunities for huge returns are not just possible, but what is so outstanding to be able to say in the world of finance; and what is almost best whispered; they are PROBABLE.
Investment is a matter of probability. No one can predict what one man will do. But it is possible to predict with a high-degree of accuracy what the average man will do. This is why investors are relying so heavily on word-of-mouth. As well as the act of watching the market for themselves.
What to buy
This is a game where everyone wins. Especially if you give your friends tips on what to buy. This is how it starts; someone asks, “what’s good to buy right now…” A more seasoned investor will reply without flinching, something like, “Buy ADA, IOTA, XVG, and potentially some Ripple, if you have the money for it. But KEEP BUYING BITCOIN, Ether, and LITECOIN.”
So what’s important and of the utmost value to realize is that while you have to USE cryptocurrency like bitcoin, ether, or Litecoin to PURCHASE the alternates, you must then replenish your investment in bitcoin itself. And Ether. AND LITECOIN. You cannot just deplete your investment in bitcoin, ETH, and LTC in favor of buying altcoins and expect to have a fully developed portfolio in the years to come. There is MASSIVE potential for growth in the altcoins, but there is perhaps even MORE opportunity for growth in the “big three.”
Herein lies the rub. For as you move your assets from bitcoin to Verge. The price of Verge beings to double, then double again, then double AGAIN. It will continue on this path! So it’s a WONDERFUL time to be buying Verge.
– Then what’s the rub?
Sadly, you then see the price of bitcoin continue to RISE, meteorically. Just as you take your money OUT of BTC and put it into XVG! So what gives? How can you maintain a strong presence in bitcoin as well as in the altcoins? It takes money. Wisely invested, at the RIGHT TIME.
Unlimited water supply
Bitcoin is growing like a weed with an unlimited water supply. It’s thirsty, and it’s getting as much to drink as it can handle. This is why we are seeing delays in purchase orders. Miners can hardly keep up with the demand right now. It has gone over the span of one month, from $15.5K to a whopping $19.2K. How is this possible?
Supply and demand
There are only a set number of bitcoins that can be mined. And on any given day the demand for this very limited asset grows exponentially. Driving the price up. Furthermore, as people pull money out of BTC and put it into say, XVG, IOTA, Ripple, or ADA… those bitcoins go back into circulation. Or rather, are TRADED to those already holding these alternate coins.
It’s important to understand; that while there are only a set number of coins, their value keeps rising, making them progressively more valuable each successive day. Will the market ever crash? Potentially; as other currencies rise, bitcoin, Ether, and Litecoin will drop a little here and there. But the TREND, is for it to keep going up, and up, and up.
One million dollars
Projections for BTC will demonstrate that the currency might reach $1M USD per COIN by the year 2020. That is just two short years away. A mere 700 days or so remain until the coins worth $16 K today, are each worth one million USD. This; is truly an exciting time to be living and investing in, because with opportunities for such dramatic gains on investments, now is the time to buy.
– In fact, yesterday was the time to buy
This stimulates the urgency, which drives the market. Which drives the prices up, which, in-turn, and cyclically, stimulate the market.
And as you ask your friends and fellow investors on tips for what to buy; LISTEN to them. But all the while be doing research on your own time into what the coins ARE that you’ve been encouraged to buy. Some have very different facets from others. And different levels of dynamic response in the market.
For example, if you are a long-term investor, as we all ought to be, it’s of the utmost importance to keep buying bitcoin. Ether. And Litecoin.
You will figuratively and literally be kicking yourself if you don’t. And why? Because if you can drop in even $1000 today, by the time bitcoin reaches $1M USD in a couple (I almost said few)… because 2020 seems like a few years away. It’s not! 2020 is coming quickly.
And if you don’t want to be missing out on what may be the greatest investment opportunity in the history of mankind, then NOW IS THE TIME TO BUY. 2020 is not a few years away. It’s only a couple. Remember that 700-day mark is quickly approaching. In the time it took to write this article we are, just that much closer to day 699.
Here’s why: when BTC hits $1M USD/coin your paltry $1,000 investment will be worth $52,083 and change. That’s enough to buy a house in some parts of the world. Or a nice car. Or a college education for your kids. That’s enough to then, re-invest into say, Verge, which by that time will be at about $.60, and when it then hits $1.00, your $52K will be worth the better part of $87,000.
So you see, how over the course of less than four years, a $1,000 investment can turn into almost $90,000.
By the same algorithm for cryptocurrency investment you can take a $100 investment and easily turn it into $9000. By the year 2021.
And mark my words, these future dates will be upon us so much sooner than we realize. Buy now. The short answer to the question, “How can I make a lot of money investing in cryptocurrency?” Is simply answered with this:
And watch as your investment blooms like a flower in the sun. Or better yet, a FIELD of flowers.
To sum up. We hope this information helps you, and that you will remember, as you invest into short-term growth coins like IOTA, Verge, ADA, Ripple, and others, that you have to replenish your coffers in the proverbial big three. Those being the fundamental facet to this whole system. Welcome to the world of blockchain technology. It’s going to be a very good ten years for investors who can quietly wait, watching the market, and making wise investments.
The presented content may include personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for you personal financial loss.
Disclaimer The views, opinions, positions or strategies expressed by the authors and those providing comments are theirs alone, and do not necessarily reflect the views, opinions, positions or strategies of CoinGape. Do your market research before investing in cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.
A computer science engineer, I have been adamantly following the blockchain and cryptocurrency industry for the past 2 years. A crypto enthusiast and hardcore blockchain follower. Reach out to him at [email protected]