While we’re bound to reach a point where we start to take them for granted to some extent, it’s important that we at least occasionally remind ourselves of just how incredible cryptocurrencies really are. Thanks to them, for the first time ever, we have a way of exchanging money in a completely safe and borderline fee-free way.
With that being said, cryptocurrencies are still to make a serious dent in the financial sector, despite the fact they’ve been a valid option for years now. How come?
Well, think about who stands to lose the most if we were to really implement cryptocurrencies into our everyday transactions. The answer is banks and governments, the same entities cryptos were designed to bypass.
Unfortunately for digital currencies, the entities they wish to eliminate from the financial equation have a lot of pull when it comes to dictating rules and regulations surrounding money and how it’s used. And they’re doing everything in their power to make sure cryptocurrencies do not take over the market.
So, does this resistance to cryptocurrency implementation mean that digital currencies are no longer good investment options? Shortly put, no. Back when the first cryptocurrency was designed, it was created to exist and function outside of any governmental jurisdiction.
The same can be said back when people first started to get rich off of cryptos and next year should bring no surprises in that regard. In 2019, cryptocurrencies will be as sound of an investment choice as they’ve been this year – if not even better.
What Cryptos Should You Invest in?
But in which cryptocurrency should you invest? Well, as is the case with an investment of any kind, it depends on how much you’re willing to invest and what you’re hoping to get out of it.
If you want to invest somewhat large amounts of money and you’re hoping for a decent turnaround, going with a stable, already established crypto may make the most sense. If you’re, however, looking to invest smaller amounts but are hoping to see great returns, investing in lesser known, potentially up-and-coming currencies may be the right way to go.
So, while we can’t tell you precisely in which cryptocurrency you should invest, what we can do is give you an overlook of the top 27 cryptocurrencies currently thriving and sitting at the top the crypto market. This is precisely what the following infographic offers to the readers, so make sure to check it out.
Remember that as the 4th point of the IDDA technique, you must calculate your risk tolerance before deciding on the investment strategy that is suitable for your portfolio. Don’t forget to complete your risk management due-diligence before developing your investment strategy.