Thank you for reading another Steemit post from me, Suppoman. If you enjoy reading about Cryptocurrency or are inspired to invest in one of these coins, then please would you upvote this blog and let me know what you think in the comments. Also please be sure to say hi, so that I can personally respond to you!
If you’ve watched my Savage Cash podcast on YouTube, you will know I am a massive fan of investing in coins with long term potential!
There have been a number of insane coin pumps in the last month, i.e. Chaincoin, Syndicate and, most recently, Linda Coin. These coins have that have made some people rich, and made even more people poor. This is why I do NOT pump coins. I know a lot of newbies watch me and like to invest in the coin I’m talking about, so I’m aware of my responsibility to help people make money in this game. I don’t want people to lose money.
Don’t get me wrong, I think HighOnCoins (aka Max Lee) is an awesome guy, and I think he did a great job creating a community and movement behind Chaincoin, and as you may know, I also spoke about Chaincoin two days after he did. However, my preference is to encourage people to play the long game, and invest in coins that have long term potential… coins that will grow immensely in value regardless of whether you buy extremely low or during a price spike.
“So what about Superior Coin, Suppoman?” I hear you say, “How many people were burnt cos you invested in Superior?”. I could use an easy out here and say “I take no responsibility, I said to research and read into it properly before investing” but I am aware of the responsibility I have as a Crypto expert - people do as I do no matter what I say. It wasn't a scam, certainly not to my knowledge, and contrary to popular belief, I did not work for them nor am I in partnership with Michael Q Todd. In fact he didn't know me at the time I filmed videos about the Superior coin ICO.
Being a fan of Steemit, I saw massive potential in the community aspect of Superior and Crowdify. I also liked the platform they were looking to create. However, due to an internal discrepancy between the founder and the developer, Superior crumbled like an imploded skyscraper. Many have criticised the decision to invest in Superior - “Only a retard would invest in Superior” is something I have seen. But guess what? It’s an ICO… it’s the highest risk you can take in Crypto cos all you have is an idea! You are investing and helping fund an “idea”. There is no actual platform sometimes, and the blockchain is not even developed properly.
Even some amazing ICOs have been sunk in this bear market - Polybius, EOS and Bitquence to name a few. It happens. It’s high risk. But the top 5 Crypto’s I am about to tell you about will enable you to mitigate the high risk and volatility that comes with Cryptocurrency trading.
So why is now the time to invest in potentially incredible alt coins?
The threat of the Bitcoin Fork has been looming over the Cryptocurrency market for the past month, dismantling and destroying everything in it’s path. And now we are coming to the best time to buy coins!!
People have said “Suppoman, you missed the chance!”, “July 15th was the best time to invest”, blah blah blah! I knew they were talking sh*t and I was right. I normally am (maybe except for Superior!).
So anyway, with the Bitcoin Fork that is due on August the 1st, which will split Bitcoin into two entities - Bitcoin and Bitcoin Cash (BCC), people are taking their money out of Alt Coins and putting it into Bitcoin, with a view to being given “free” money with certain exchanges 1 BCC for every 1 BTC invested. This means the value of Alt Coins are bleeding out like a ruptured aorta valve. You can look on the Coincap app and see alt coins flashing red and losing value.
So what are the top 5 coins to invest in whilst they are bleeding. If you invest in these at a significant low, you can make so much money over the course of the next years and steer clear of losses during any market crash (just like I did buying Steem at 74c!
Someone asked me “Suppoman, how did you come to your prices? Did you use TA”. No! I didn’t use TA. Yes there is a time and a place for the fib retraction, trend and candlestick analysis, however a lot of times it’s a question of common sense. That may not fit in with your perception of how things work in Crypto, but this common sense can easily trump any TA, because a lot of the time, TA is bullsh*t. You need to see beyond this to identify the value. TA won’t help when a nice piece of market news hits. So just trust me on this one.
What are long term coins? These are coins that will be around a long time and gain huge amounts of value over the course of years. It’s a bit like Apple stocks at the beginning. If you were around in 1980, you would know Apple was really a pioneer in the personal computer market and were going to be highly valuable in the future. Obviously in 2017, we know Apple as being the behemoth in technology. But in 1980, they were still proving themselves, but had amazing tech. This is how I view long term coins… they are the potential Apple’s, Cisco’s, Coca Colas of the future.
So let’s finally get on to these top 5!
Number 5 - Bitquence
Why is Bitquence investible? This should be at number 1 because I think this solves one of the biggest issues in the Crypto world - coin wallets. Bitquence aims to be the ‘Paypal of Crypto’ by making it easy and quick to store Cryptos in their universal wallet.
As a teacher of one of the most popular Cryptocurrency Investment Courses online, the issue I hear about the most is wallets, and I see Bitquence as solving the issue which is so prevalent in the game. So this is without doubt the ICO of the year, and if properly implemented, this will be a coin that makes people severely rich if they get in now!
Bitquence ATH: $0.072
Bitquence Current Price: $0.037
Target Price: $0.025
Potential Gain if hits ATH: x2.8 gain
Number 4 - Iconomi
Why is Iconomi investable? I think Iconomi’s unique position in Cryptocurrency in the field of index investing gives it a great deal of power.
There are so many Crypto’s doing the same as others but better or easier or blah blah blah, but Iconomi is sitting pretty with the concept. Now it just needs a fully build platform and the price is skyrocket!
Iconomi’s ATH: $5.47 - June 22nd 2017
Iconomi Current Price: $2.85
Target Price: $1.80
Potential Gain if hits ATH: x3 times gain
Number 3 - Stratis
Why is Stratis investible? Stratis is a potential goldmine platform. Because it is made for the .net framework, it can be integrated with business software, particularly Windows based applications, usable on both a PC and a Mac.
So your company can essentially run on a blockchain. For business, this platform is golden… and this is why Stratis is one of the potential front runners of the future.
Stratis ATH: $11.68 - June 3rd 2017
Stratis Current Price: $4.75
Target Price: $3.50
Potential Gain if hits ATH: x3.3 times gain
Number 2 - Steem
Why is Steem investible? Steemit is my favourite platform behind a coin. Why? Because I am a Social Network guru… my whole business has grown as a result of Facebook, YouTube, Twitter etc, so a powerhouse blog-based Social Network is right up my street.
Your content is monetised straight away. All you have to do is write something people like and they can up vote it, thus earning you money (if they use their Steem Power). This can be converted into Steem. So as well as buying Steem, you can earn Steem, thus giving you a huge share in this. And because it is community based, this can grow like a tsunami. No other Crypto based Social Network even comes close to this, and I see this as the Facebook of the Crypto world in the future!
Steem ATH: $4.58 - 20th July 2016
Steem Current Price: $1.20
Target Price: $0.90
Potential Gain if hits ATH: x5 times gain.
Number 1 - LBRY Credits
Why is LBRY investible? LBRY is like an amalgamation of Netflix, Amazon and YouTube, it’s a platform for creators to make films, video series’ and written content and then sell it on the LBRY platform.
The great thing about LBRY as opposed to a platform like Amazon is that the content creators have complete control over the price of their content - and the currency is LBRY credits. Whereas Amazon charges writers and other content creators a percentage of sales, LBRY will not. Content creators are this era’s superstars, and having freedom over the price of their work is what I believe will encourage many of them to join LBRY and fill it with content. This could be the next YouTube/Netflix and therefore I think the current price is nothing compared to what it will be in future!
LBRY ATH: $2.30 - July 14th 2016
LBRY Current Price: $0.37
Target Price: $0.25
Potential Gain if hits ATH: x9.2 times gain
So those are my top 5 picks for long term Cryptocurrency prosperity. If you are looking to invest in any of these either as a result of this blog or your own research, my advice is to just set a buy order at the target price and wait for it to hit. If it doesn't, then it's down to you to make an adjustment. To me, I like investing at the best price, and if it doesn't I will accumulate more of another coin that does hit the target.
During the current alt market crash, I have been recommending other great picks and giving live tips to my student community via the Cryptocurrency Investment Course 2017: Fund your retirement! which you can join here: http://www.udemy.com/cryptocurrency/?couponCode=CRYP10
I hope this blog has in some way inspired or motivated you to invest in Cryptocurrencies that will give you an amazing return on your investment in the future. Please comment and let me know what you think, and I will do my best to respond to each comment
Lots of love,
Suppoman