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Crypto Investment Guide: How To Choose The Best Crypto For You

The cryptocurrency market is filled with opportunities for investing and reinvesting. As the market continues to grow and new coins launch, there are more options than ever before. This can make it challenging to determine which cryptocurrencies may provide the best return on investment.

By Mohammed TajikPublished 3 years ago 4 min read
Crypto Investment Guide: How To Choose The Best Crypto For You
Photo by Brian Tromp on Unsplash

How to Choose a Crypto Investment

The first step towards choosing which crypto investment is best for you is to understand why you might want to invest in the first place. There are many different reasons why someone would want to invest in cryptocurrency, and each of those reasons may call for different investments. - Long-Term Investment - This is the most traditional form of investment, and it's generally associated with owning stocks and bonds. The idea behind this method is that you'll only make money if the value of your asset increases (or stays the same). - Shorts - This is a riskier form of investment that's associated with the stock market. If you make money on a short position, it's because the value of the asset dropped. - Trading - This is a quick and risky method of generating a profit that's different from long-term or short-term investment. There are many reasons why an investor would choose to trade, but all of them are based on turning a profit as quickly as possible.

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Which Coins Are Already Successful?

There are many cryptocurrencies that have already proven themselves to be successful, either by achieving a large market cap or by having a significant amount of investment. There are many coins that were created years ago, but only a few have managed to stay relevant in the modern crypto landscape. - Bitcoin - Bitcoin is the cryptocurrency that started it all, and it's still the most widely adopted coin to date. As the first successful crypto, it's generally accepted as a form of payment. It's also the most widely studied coin, making it an ideal investment that shouldn't be too risky. - Ethereum - Ethereum is another cryptocurrency that has proven itself to be successful. Many ICOs are built on top of Ethereum, and it's often used as a form of payment. Ethereum's smart contracts make it a useful platform for developers, which is one of the reasons it's remained successful. - Ripple - Although Ripple has been criticized for its centralized nature and lack of decentralization, it's still one of the most popular coins on the market. It's partnered with many major banks, which has helped it grow to be one of the most valuable coins. - Bitcoin Cash - Bitcoin Cash was created as a derivative of Bitcoin, but it was quickly adopted by crypto investors. It's a decentralized coin that's been adopted by many crypto exchanges. - Litecoin - Litecoin is a Bitcoin derivative that was created as an attempt to solve some of Bitcoin's issues. It's a decentralized coin that's been adopted by many exchanges. - Cardano - Cardano is a new coin that's currently in beta. The coin has a high market cap, but it's been slow to increase in value. It's primarily used as a decentralized platform for smart contracts.

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Which Coins May Be the Biggest Winners?

There are many coins that have already proven themselves to be successful, but there are also many coins that are yet to be discovered by the mainstream investment world. When choosing which coins may be the biggest winners, investors should look for coins that have a unique and valuable use case. - Steem - Steem is an interesting blockchain and cryptocurrency, and it's one of the coins that may be the biggest winners in the near future. Steem is a blockchain-based social media platform, and it's designed to reward content creators. - By holding Steem, you'll receive a portion of the rewards that are distributed to the network. These rewards are distributed by a voting mechanism that's designed to fairly distribute the funds. - This is an interesting concept, but it's not yet widely adopted. It may take some time for Steem to become a more significant part of the crypto landscape. - Basic Attention Token - The Basic Attention Token is another coin that may be the biggest winner in the long term. The token is designed to be used on the internet browser Brave, which was created by the founder of the Mozilla Firefox browser.

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Which Coins May Have Dark Horse Potential?

There are many coins that may have dark horse potential, and there are even more that have yet to be discovered by the crypto investment community. Investors should look for coins that have a unique use case that may not be commonly associated with the crypto world. - Skycoin - Skycoin is a coin that has a lot of potential, but it's not as popular as many other coins. The coin is designed to offer a wide range of services, including a decentralized internet and a distributed computing platform. - Bee Token - Bee Token is a decentralized home sharing platform that's designed to be more secure and privacy-focused than existing options.

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Conclusion

As the crypto market continues to grow and new coins launch, it's important to understand how to choose the best investment. There are many potential earnings waiting to be unlocked by the right investor at the right time. The first step towards unlocking those returns is knowing which crypto investments have the highest probability of success. Following is an in-depth guide on how to choose what crypto investments are best for you.

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