Among the hundreds of existing cryptocurrencies, surely the best currency to invest in this 2020 is Bitcoin followed by Ethereum and Litecoin, we will see in the next lines why.
For those who invest for the first time in Cryptocurrencies there are some important and simple tips to follow. This type of market has huge leaps in growth and in loss as demonstrated last year and these first months of 2020, so I suggest you invest only a sum of money that you are willing to lose without causing problems.
Second even more important is cold-blooded, essential to not get caught up in anxiety or panic and sell immediately on the first drop, as cryptocurrencies suffer incredible rises and falls whenever news is positive or negative for them. Following these two rules will be a matter of luck and timing to decide a good or bad investment.
Third and final advice is to always focus on the most known and stable crypto-names and on the safest Exchange services such as Coinbase, since over time there have been many problems with unreliable exchange services.
Being a very volatile market (i.e. with huge swings of even 25% in a single day) it is possible to earn by exploiting these swings, taking into account the exchange site commissions. If you don’t want to continually see the trend of cryptocurrencies, which is very stressful especially when there is money at stake, my advice and what I am also doing is the following, or to allocate a figure that you intend to invest in the purchase of a cryptocurrency and leave it parked, waiting for an increase in value that will satisfy you and then take back the revalued capital.
It is currently the cryptocurrency with the highest value and most convenient to invest in, with an importance that influences all other cryptocurrencies with its performance, therefore it is certainly recommended as an investment, as it is one of the pillars of the electronic future of coins, with the recent possibility of trading bitcoin futures stocks. This is the main cryptocurrency exchanged on the most important platform for buying and selling cryptocurrencies, or Coinbase. All cryptocurrencies have suffered significant collapses, but bitcoin is one of the few that, however, since its inception, has maintained the highest growth, going from less than 1 euro cent, to the current approximately 3500 euro. So even if it has touched peaks of 16,000 euros and has now fallen, it is still the best cryptocurrency to invest in, on the other hand, it cannot be hoped that its value will always increase. Furthermore, given its stability and the sudden price changes which nevertheless never lead to devaluing it like other crypto-entities, it is possible to earn between one peak and another, which usually occurs in 24 hours, even the average daily 3% of the invested capital, if you «spot» the trend of bitcoin.
Ethereum
Ethereum is currently the second best currency to invest in, followed by an excellent alternative like Litecoin, with a stability superior to many other cryptocurrencies. The main advantage of this currency is given by its visible stability in its performance, where it is possible to observe greater growths when all cryptocurrencies grow and less marked drops when the market trend is negative. This coin can also be purchased on Coinbase.
Litecoin
Litecoin is currently the third best cryptocurrency to invest in. Its value is still relatively low compared to Bitcoin, but the number of cryptocurrencies that goes up and down is the least negatively affected. Litecoin has also been included in the most important platform for buying and selling cryptocurrencies, or Coinbase.
Litecoin was born in 2011 from an idea by Charlie Lee, a former Googler graduated from MIT, who confessed to being inspired by Bitcoin, but with some changes that make Litecoin better than Bitcoin to date.
Litecoin, (abbreviation LTC) is a P2P (peer-to-peer) type cryptocurrency, which with its technology has allowed other cryptocurrencies to be born. Like all cryptocurrencies, it is not issued by any central authority, but is generated thanks to mining. For every miner who resolves and checks a block, 50 Litecoin are obtained. In the blockchain every 2.5 minutes the network generates a block, while for Bitcoin it takes 10 minutes. The limit number of Litecoin that may be in circulation is 84 million, against 21 million in Bitcoin.
BitcoinCash
Bitcoin Cash is one of the most recent cryptocurrencies, born of a split with old Bitcoin, it suddenly shot up in value after the announcement of its landing on the American Coinbase exchange platform. At the moment it is a bit risky to bet on this cryptocurrency as it is very volatile, with huge positive and negative fluctuations. There are many potentials for the future, but it is good to wait a little longer. This coin can also be purchased on Coinbase.This new cryptocurrency was created by a group of investors, developers and miners, to overcome some of the big limitations of the original Bitcoin. there is a further split occurred at the end of October 2017, or Bitcoin Gold born to bring greater power to individual users who make mining, an operation that becomes increasingly difficult and requires very powerful multiprocessor systems that a normal user cannot afford.
At the moment it is a bit risky to bet on this cryptocurrency as it is very volatile, with huge positive and negative fluctuAll the coins from Ripple to follow, stand out among the hundreds of cryptocurrencies present and are provoking modest interest. They are relatively new and still have a not excessively high value that ranges from € 0.20 to over € 600. I recommend investing moderately, as they are still new.
With Worldcoinindex we can have the value in real time, percentage of variation, maximum and minimum value of the last 24 hours, graph of the last 7 days, trading volume, number of virtual currencies and capitalization of all cryptocurrencies.ations. There are many potentials for the future, but it is good to wait a little longer. This coin can also be purchased on Coinbase.
Written by: zalkeo1
