Disclaimer : Before investing money in cryptocurrency, make sure to do your own research as well, I am no investment advisor, just a crypto lover. Also make sure to follow the golden rule of investment, invest the amount which you can afford to lose.
You probably think of stocks, currencies, commodities, and bonds as the only items to invest and trade over exchange markets. But don’t be amazed and give me that odd look when I told you cryptocurrencies have emerged with a bang to trade over the exchange markets worldwide as well.
Well, some of you know that already.
Cryptocurrencies are those items holding names such as “bitcoin” “Ripple” “Litecoin” “Dogecoin” and “ethereum.” They are digital currencies that are computer generated using a decentralized system to bring forth a more stable currency. And the fact of the matter is people all over the globe are getting rich with these cryptocurrencies. Today, there are over 1,000 digital currencies with more coming to the market every day. With most of them having their status shooting higher and higher over and over again. And with their upcoming, they have provided a breeding ground for traders to make extra millions.
Well, what is really cryptocurrency?
“Cryptocurrency is an internet-based medium of exchange which uses cryptographic functions to conduct financial transactions. Cryptocurrencies leverage blockchain technology to gain decentralization, transparency, and immutability.” The first cryptocurrency is bitcoin which emerged in 2009, using blockchain technology application. And as a new channel of digital cash, cryptocurrencies markets have developed for small and large investors to trade and make huge money out of it.
What should you do to make millions out of cryptocurrencies?
Cryptocurrencies are like bonds and stocks. That’s why many of them are trading at huge discounts with a great opportunity for investors to grow wealthy. If you have some savings lying around somewhere, you would be surprised what that cash can do for you. Few Dollars can bring you fortunes. To trade a cryptocurrency, you must be familiar with some knowledge regarding various businesses, consumer supply and demand, and the general economic trading. Having this knowledge gives a massive advantage over other traders who are the early adopters of cryptocurrency, cryptocurrency miners, and programmers. These traders focus on a small technological innovation that indeed helps them to earn a profit without much thought of how the currency performs outside the exchange market.
With that said, let me walk you through the very simple way and show you a hot list right now you can invest in and come out on top in 5 years or less.
The Very first step is to create a brokerage account.
Those are the two I would recommend
Once you create your account, deposit money into your account and start investing, buy and and hold really really cheap Crypto, do some research of course.
I have a list of crypto that I have research and I will post it at the end of this article.
If you can uncover the next bitcoin and hold it for 4–5 years then you can be a millionaire for sure.
To uncover bitcoin you need to understand bitcoin price history first. As you can the bitcoin price history, which follows
March 2010, bitcoin price was $0.003
May 2010, bitcoin was $0.01, Laszlo Hanyecz made the first real-world transaction by buying two pizzas in Jacksonville, Florida for 10,000 BTC.
Imagine how much this would worth now.
July 2010, it was $0.08 and in just five days the price grew by 1000% to $0.8
Feb 2011, it was $1
July 2011, it was $31
Dec 2011, Then it dropped to $2
There after it rose to $266 in April 2013 and dropping 60% to $100 in June 2013. Since then there has been loads of up and down, and the one who had trusted in it and held on it for over 7 years have seen tremendous growth of over 800,000,000% from 0.003 to $19,000 price of bitcoin. Bitcoin has a max supply of 21 million coins. And it is speculated that 1 Bitcoin will worth $50,000 by 2025. So if you have that much paitience then only you can think to get into it. But buying 1 BTC as of today and holding it for next 7 years will be most costly and risky.
Here is the Potential list that could make you a millionaire in 5 years or less.
Doge Coin DOGE
Stellar Lumens XLM
OX ZRX
Orchid OXT
Ripple XRP
Algorand ALGO
Kyber Network KNC
OMG Network OMG
EOS EOS