Bitcoin forked and exploded in value. The market was undecided and very vulnerable. The change went well and some of you made bank on this whole deal. Rock on! I want in too.
I have decided to invest $1,000 into crypto and I've been reading all of your articles. I am thinking about investing into bitcoin but I can't even buy one coin.
My investment will be a long term investment, not a day trading opportunity (unless of course my fellow steemians recommend it!)
The advice I have been given is to purchase XMR for the long term. The group I follow are huge supporters and say that is where the future growth will happen. I have also been advised to diversify my investment and there have been talks about something called Strat, which I want to get into. I am thinking about also including some Lite Coin and Ethereum since I see these as less vulnerable overall.
My Research so Far Shows:
- XMR (Monero) is a good investment. A hacker got arrested recently and authorities were able to find all of his crypto coins with the exception of XMR. This leads me to believe this is a valuable and highly anonymous cryptocurrency. This anonymity is why XMR is the only thing that can replicate cash.
- Strat was another tip I received, but for the life of me I can't remember why right now. I will update on future articles as soon as I find that bit of information.
- LTC - Lite Coin is my first cryptocurrency purchase, and it's one of the fairly stable ones. I will use this to diversify my investment into a slightly less vulnerable form of currency.
What do my fellow steemians recommend? Am I on the right track or am I missing something huge?
Thanks all!