Disclaimer: Trade at your own risk, and do your own research. I am not responsible for any investment decisions you make. This information is personal opinion, and is not guaranteed.
Now that crypto is starting to recover from the shock of China attempting to ban crypto, and the fact that we have many solutions to get around that, such as decentralized exchanges and atomic swapping, I think it’s safe to say, that this China ban has not weakened crypto, but rather, it has forced it to show its strength. Therefore my top pick of the week, is Bitshares.
1.Bitshares
I choose bitshares as the number 1 investment of the week because as exchanges shut down in China, they will search for alternative ways to buy and sell crypto, and as a result of this, Bitshares will be one of the solutions people find. I recommend Bitshares as a medium to long term hold, as they are also launching a new exchange at www.door.one within the next 30-60 days. Since Bitshares has dropped recently, I would imagine its safe to say, that you’re buying near the bottom at 7.5 cents or around 0.00002000 BTC Buy, hold for 30 days for short term, 6 months for long term.
Other top picks are as follows
2.Xrp ( Ripple)
With a major conference coming up on Oct 16th, plus a japanese bank backed exchange going live any day now, Ripple’s XRP is ripe for a massive rally, and I recommend this coin as a long term hold. Buy and forget, check back in 6-12 months, if banks begin adopting it, you may see some very generous returns.
3.Syscoin
Syscoin just released their blockmarket desktop application, with a mobile app coming as well as a website dedicated to it. They also implement masternodes starting in november, which will be sure to attract some major investors. Syscoin will also be working with the Ethereum network, using syscoin as gas. This has huge potential going forward. Syscoin is a long term hold, as mass adoption of the blockmarket takes place.
4.Omisego
Omisego is launching their network in Q4 of 2017, and their goals are incredible. I’ll let the website speak for itself. But Omisego is a short and long term investment. You should see decent returns in the short term, 1-30 days, or you can hold while it gets mass adopted for the potential of very nice returns over the next 2 years. Omisego keeps partnering with many other cryptos and they have a lot of development going on in the background.
5.Golem
The golem network allows users to sell their computing power to the highest bidder using GNT tokens, and they have just released the Alpha version of their Golem Brass network which gives them massive potential. Golem is a good investment, short term, and long term. It should see some decent gains in the short term, but long term, Golem has the potential to shine.
Those are my top 5 picks for the week. As for the crypto market in general, the crypto cast is cloudy with a 40% chance of showers. The reason being, is because the China issue has not quite yet been sorted out, and we may yet see more irrational market panic before the skies clear up. I will report back next week, with the next crypto cast, thanks for reading, and good luck on your investments!
