And I second with him.
I would also like to add that ‘history will be unkind for those who aren’t willing to adapt and embrace cryptocurrencies and blockchain in general.’
I don’t mean this only in the investment realm but overall in a holistic way.
But when you have the opportunity to invest in this technology, why not do so?
Many of you couldn’t participate in the internet boom of the 90s, so why not now? When you have the opportunity knocking at your door.
Of, course, I am not here to persuade anyone, but I want to share my thinking and tell you which are the best cryptocurrencies to invest in now!!
Note: This is not an investment advice and those of you who wish to know the reasons for investing in these cryptocurrencies should read this till the end.
So let’s get in:
Top 10 Cryptocurrency To invest In 2019
First thing first:
Don’t ignore Bitcoin.
Bitcoin is undoubtedly the best long-term cryptocurrency investment to make in 2019. The price is more reasonable now, and there are very few bitcoins left to be bought
See Trace Mayer implying just that:
— Trace Mayer (@TraceMayer) December 13, 2018
Everything said and done, Bitcoin is still the most secure cryptocurrency to invest now, and the whole crypto market moves in its parallel.
Furthermore, Bitcoin’s technical competence with Segwit, Schnorr signatures, MAST, MimbleWimble, Bulletproofs, Confidential Transactions, Sidechains, Drivechains, Lightning Network is growing each day making it further hard for any other cryptocurrency to catch up.
So I don’t see any reason for not having Bitcoin in anyone’s portfolio, and it can be as high as 40-50% of the total portfolio.
Now, I know you must be getting itchy to know the next cryptocurrency to invest in 2019 and its Litecoin.
Litecoin, the open-source and decentralized fork of Bitcoin, created by Charlie Lee is my second most favorite crypto to HODL.
Litecoin was created to complement Bitcoin as silver to Bitcoin’s gold, and so far it has succeeded in that by being in top 10 cryptocurrencies since 2012.
Also, Litecoin has served as a testbed for Bitcoin by pioneering the implementation of segwit, atomic swaps, and lightning on its mainnet.
Plus Litecoin has sole payments usecase for which it is being used in a decent volume. In this slow market also you will find on an average Litecoin is processing 25k transactions each day.
More work is being done on the scaling and privacy side by Litecoin foundation which is committed to pushing forward the narrative of #PayWithLitecoin
— Litecoin.com (@LitecoinDotCom) December 3, 2018
I have 10-15% portfolio in Litecoin and will continue to accumulate if the market falls even below what it is now, because, the last time LTC when from $4 to $370 in a matter of 7 months.
Binance, also known as Binance coin (BNB) is the native cryptocurrency of Binance exchange.
It was launched in August 2017 with the launch of its exchange to facilitate trading fee waivers to Binance exchange users.
But now Binance is expanding its reach rapidly and is about to launch its own Binance Chain as well as Binance DEX where this BNB coin will find more utility.
Plus Binance coin indirectly benefits its users because every quarter they use 20% of their profits to buy back BNB and destroy them to create scarcity to reward BNB holders. And this will go until they eventually buy 50% of all the BNB (100M) back.
This an excellent way to reward its holders and further with Binance Chain and Binance DEX, BNB will have more utility as well as liquidity which will eventually result in a price spike
Tezos’ is an Ethereum’s competitor who had a very shaky beginning even after raising $232 million in its ICO.
But now Tezos has launched its mainnet and is preparing to be the next dominant platform for decentralized applications and smart contracts.
Tezos is a blockchain that can evolve by upgrading itself. Stakeholders vote on amendments to the protocol, including amendments to the voting procedure itself, to reach a social consensus on proposals. Tezos supports smart contracts and offers a platform to build decentralized applications.
Lastly, in July 2018, Cameron and Tyler Winklevoss have quietly added Tezos cryptocurrency (XTZ) in their Winklevoss Capital (portfolio companies) which is a very bullish signal in itself. Also, don’t forget to check out some of the best Tezos wallets that you can use to store your XTZ safely.
I have always been bullish on Ethereum, but recently its scaling problems have become a big open secret to the world.
But we shouldn’t forget that its goal is also very ambitions ‘to be the world’s computer’ and that’s why it is quite OK to expect such glitches in between.
Another thing to note with Ethereum is that the world is building on it and it has the most prominent developer’s pool in the world.
Plus it is a pioneer in the realm of decentralized applications and smart contracts which is a massive factor in itself.
However, I am not ignorant of the fact that it is very much behind in its schedule and is facing severe scaling as well as governance problems, but I think it will bounce back smoothly
Right now the prices have taken a rock bottom, and it is looking quite attractive for a long-term portfolio. Disclosure: I hold 10 % Ethereum in my wallet and now after my top 5 cryptocurrencies to invest in 2019, I will share the next five. Also, don’t forget to check out some of the best Ethereum wallets that you can use to store your ETH safely.
Looking for something private and anonymous in your crypto portfolio?
Well, Monero is for you.
Monero is an open-source and decentralized cryptocurrency for the people who value their privacy and security.
Monero is highly private, and that gives it a usecase. And interestingly Monero is also predominantly used in deep web and is impossible to be traced.
Monero is so private that law enforcement can't figure out how much the AlphaBay owner had; not so with the other cryptocurrencies. pic.twitter.com/nLat3k0ZVQ
— Riccardo Spagni (@fluffypony) July 20, 2017
However, let me also point out that privacy is something that is a continuous process and even Monero earlier this year leaked out some of the transactional information but as suggested by its lead developer Riccardo that ‘there is no easy solution.’
But Monero is working on exciting techniques known as Ring signatures, RingCT, Kovri, and Stealth addresses to improve its privacy mandate, that’s why it is a more strong contender than Zcash for investment.
Plus, Monero has its inflation rate much lower than Zcash which is another good reason to have atleast 3-5% Monero in your portfolio. Also, don’t forget to check out some of the best Monero wallets that you can use to store your XMR safely.
Nexo – The world’s first instant crypto-backed loans is powered by Credissimo – a leading European FinTech group having a track record of 10 years.
So if you are someone who isn’t willing to part away with its crypto in this bear market and still wants equity for it, you can use Nexo.
Nexo loans are instantly issued when you collateralize your cryptocurrencies. As of now, Nexo supports 200+ jurisdictions and 40+ currencies and gives real dividends to Nexo token holders which are even more than S&P500 companies.
The coming years will be “make-it-or-break-it” for blockchain companies as they have to deliver on their promises.
In my opinion, Nexo is exceeding expectations with both our lending service and the dividend yield of 4.8%, more than top S&P 500 companies.https://t.co/rscnRIr7lF
— Antoni Trenchev (@AntoniNexo) December 6, 2018
So if you are looking for a blockchain project that is working and generating profits for its stakeholders, Nexo is the one you should look at.
Cardano is the third generation blockchain platform for developing decentralized applications and smart contracts.
It is also an open-source and decentralized platform like Ethereum but is being built on a higher promise of being scalable, governable and inter-operable.
Also, before developing Cardano, its paper has been thoroughly peer-reviewed and is solely based on high-quality academic research.
But let me tell you Cardano is for long-term investors because Cardano has a very long roadmap which doesn’t seem to reach completion in a few months but the blockchain is live.
Next Cardano has a new smart contract language which will take some time to get traction from developers.
So because of this Cardano is a long-term hold but I certainly believe it is going to be a fierce competitor for Ethereum and other smart contract platforms. Also, don’t forget to check out some of the best Cardano wallets that you can use to store your XMR safely.
Vechain is a new enterprise-level blockchain solution provider aiming to leverage blockchain technology to build a trust-free and distributed business ecosystem, which is self-circulating and scalable.
Earlier in 2017, they were focused on becoming a supply chain management blockchain harnessing IoT technology, but later they expanded their vision.
So far they have successfully implemented blockchain solutions across various industries such as luxury goods, liquor, and agriculture.
And do not take me wrong because these use-cases go beyond the Proof-of-Concept level and have already been launched on the market globally.
VeChain recently rebranded to VeChain Thor with its new vision and now has its own blockchain which is being developed for future scalability.
A lot you might not agree with me as I am putting Bancor here, but Bancor’s liquidity network is worth talking about in this highly illiquid market, especially when security tokens are out.
Bancor is the world’s first decentralized liquidity network redesigning the way people create and share value by ensuring continuous on-chain liquidity between blockchain-based assets.
And the good thing about Bancor protocol is that you can get liquidity for almost any token which is a rarity in cryptosphere.
And it has its native BNT token that helps keep a reserve and provide liquidity, so in my opinion, it is a gem to have in your portfolio.
Cryptocurrency investments (decentralized, open source ones) don’t depend on your country or geography, so it doesn’t matter where you are!! So feel free to invest in these cryptocurrencies from the UK, US, Australia or India.
Lastly, when you are investing in cryptocurrencies, you should have good wallets to keep your funds safe. That’s why here I have listed only those cryptocurrencies that have decent wallets to hold these cryptocurrencies.
PS: I have Ledger Nano S and Trezor to safeguard my most of cryptocurrencies.
So that’s all from my side today, and now you tell us which ones are your favorite or which cryptos are you picking for 2019?