Hello fellow Cryptomaniacs :)
In my last article I discussed what factors we take into account when assessing a cryptocurrency as "safe".
(If you didn't catch my last article "Identifying Safe Cryptocurrency Investments" please go back and check my blog, as it will provide information necessary to fully understanding the content in this article.)
So now that we understand what the context of a "safe" investment is, we can analyze secure investments for this upcoming September month.
- Ethereum (ETH) 390 $
Many pundits think both Ethereum and Bitcoin are overvalued. I am here to go on the record to laugh at that inclination. For an asset to be overvalued it would suggest that either a) there are no percentage gains to be made or b) the percentage gains that are being made are minimal. If we look at the percentage gain of Ethereum the past month it is a little over 40 percent, and the past week ~16 percent. You can guarantee Ethereum is 100 percent undervalued with such numbers. And all of these gains are due to the following: the Ethereum marketing campaign, business relationships with multitudes of multinational coorperations or financial institutions..etc, steady bullish growth and most importantly it's future potential. Ethereum is projected by many crypto analysts to surpass even Bitcoin in market share and with the strides and coalition through the Ethereum community it is not an opinion to be condoned. The Ethereum community has proven to be far more effective than it's counterpart, which is a major upside considering Bitcoin's biggest pitfall is the inability of the community to cooperate amongst each other. If we look at the chart alone, evidently Ethereum is in a steady bullish rise. It's price moves at icremental levels suggesting an adequate amount of volatility. Plain and simple this is a safe investment to buy and hold for the big percentage gain in the future. Buy, hold, and Buy more ;) - Litecoin (LTC) 91.06
Litecoin unlike both Ethereum and Bitcoin has just started to make major market notoriety. This asset actually might be a little overvalued this month as it has shot up and is due for a correction anytime now. But said correction will be brief and it is better to buy now and buy later then to buy later and to have missed out. What Im saying is whether you buy now or wait and hope to buy at less cost, Litecoin is still in for some solid percentage gains. Many crypto analysts compare the potential of Litecoin to that of Dash as they do very similar things on the technology side. But there are a few distinct advantages to note with Litecoin.
a) Litecoin is one of three currencies currently trading on Coinbase
b) Litecoin is a better version of Bitcoin with faster transactions and less fees
c) The management of Litecoin has built a solid campaign around it to improve market share and technology
d) Many people are finding it is cheaper to exchange Litecoin for alt coins than to send and use Bitcoin on exchanges like Bittrex or Kraken
At this point I would buy as much of this crypto as you can. I project the price will hit at the very least where Dash is coasting at the moment.
- Bitcoin (BTC) 4883 $
Yes I will say it again and again Bitcoin is still a safe investment! And I know the critics are screaming why it's so expensive!!! It's going to crash! Paranoia!!!!
When we make an investment we are looking at the possible percentage gains of the investment not at how much it costs. It wouldn't matter if Bitcoin costs a million dollars as long as it makes me 10 to 20 percent I am happy. Bitcoin is consistently making massive percentage gains for it's investors. I would be wary though because like Litecoin it is due for a correction soon, but at the moment I would buy, hold, and if it dips buy more. Bitcoin really needs no explanation it's the staple of this market and that isn't going to change at least for a while. Save your Bitcoins for the future and don't be scared of prices.
Anyways those are my top 3. If you enjoyed this article please like, follow, comment, or share. I enjoy hearing you guys feedback. Thanks :)
post good
Cheers :)
Bitcoin is and will be consistently making money for many years to come. I'll keep pumping fiat into it until the wheels come off :)
Federal governments are consistently devaluing their currencies through mismanagement and inflation. Bitcoin is a community focused on increasing the value and market share of it's coins. Logic can be used to figure out that Bitcoin is going to consistently rise over devalued currencies.
I have to agree with you on all three. Like you, I am most bullish on LTC...I think we see $500 on that in the future (how long I dont know). Lee really has his team focused and it actually does a better job of money transfer than BTC or BCH.
Thank you for posting this.
Thank you for commenting. I completely agree.
resteemed :)