What Is The Best And Worst Cryptocurrency? Why?

30 Jul

30Jul

Do you think Bitcoin and similar cryptos are bad currencies, bad investments and terrible for the environment?

In an article titled - Bitcoin battered: The worst crypto catastrophes, Zdnet made us to understand Bitcoin (BTC) may not have sustained the $19,000+ price tag of previous years, now coming in at roughly $7,200 at the time of writing, but there is also a variety of other stable coins and altcoins, including Ethereum (ETH), Ripple (XRP), Monero (XMR), Bitcoin Cash (BCH), and Litecoin (LTC), that maintain a loyal following and constant trade.

While this seems quite true, for us we'll learn the basics and all you have to know about it.

First of all, I understand the pros of cryptocurrency and I think the blockchain is a cool technology. However, I would argue that having a currency that isn't controlled by anyone is bad idea.

Why Owning Cryptocurrency is not a Bad Idea

Currency needs to be stable, Bitcoin clearly isn't and it will never be because no one can control it.
Bitcoin transactions are both slower and more expensive than fiat despite there being much less of them.
There's endless amounts of other cryptos piggybacking the success of Bitcoin. Some of these have much more flaws than Bitcoin. Some of them are ponzi schemes.
There's "banks" for cryptocurrency that are getting hacked or scamming people out of their bitcoin. Bitcoin may be safe itself but all hackers and information security experts know that the biggest weakness is always the user. Most people don't understand how cryptocurrencies work, heck many people don't understand how computers work, so they're extremely easy targets for scammers.
Most market places do not or no longer accept bitcoin as payment. Even most of the owners of Bitcoin are not using at as a currency, they're holding it as an investment.

Read also: how open a Coinbase account

How I Invested in Crypto

Here is the DEAL. I want to show you the human nature.

I invested in Bitcoin, 2017, and got a reward that was awesome. We all know how it went $20K.
In 2018, I wanted to repeat the same fit with Litecoin, and what happened? It never reproduced the same effect..
What is the Best Cryptocurrency: BITCOIN : because I made more money out of it.
What is the Worst Cryptocurrency: Litecoin: because I DID NOT more money out of it.
Just monitor the forth coming answers and you will see the sentiments will be based on my illustration above. But, is Litecoin a vague coin?
Even though I wrote on the top coins for 2019, Litecoin still made positive effects months ago, so, from my illustration, I would have been hurried to say, LITECOIN, you badddddddddd because I never got profit from you.

What is the best cryptocurrency?

BITCOIN?

Has it fulfilled its purpose and the Whitepaper semantics? If yes, then, this is the best because it has the advantage of being the leading coin.

Ethereum and not Bitcoin

Someone bought Bitcoin and lost all his money, yet, another bought Ethereum and made so much money, and still, the purpose was fulfilled.

Which is the WORST? Bitcoin, right?

What is the worst cryptocurrency?

Well, I think any coin can be a victim of a bad coin.

Any coin is the worst coin if - NOT BECAUSE YOU LOST MONEY - but because it has not fulfilled the purpose you SAW and INVESTED IN IT. I am talking about her road map. And that include all the spammers coins and ICOs of 2018, early 2019.

I will be careful not to mention anycoin as the worst because I know, it takes GUTS to develop something, so, the worst coin is the above.

Should Investors Sell their Cryptos and Stay Away?

YES

Yes, if you want to lose it all.
yes, if you want the number of people that call crypto scammmmmm.
Yes, if you were disappointed that it wasn't a quick Rich Scheme
Yes, if all the EFTs won’t be approved.
Yes, if you haven’t read in 2019 on how to be a good investor as recommend by 7 Crypto experts.
Yes, if you borrowed Money to buy crypto.
Yes, if you bought Vague Cryptos
Yes, if your instinct/hunch says so; it might be right..
Yes, if you have not followed a good crypto/transparent writer.

NO!

No, if you believe in Crypto; from the onset

No, if you had a good reason for buying it.

No, if you never considered it as a Ponzi or QRS - Quick Rich Scheme

No, if you want to be the next Crypto Millionaire - joining top 7 Bitcoin/Blockchain Billionaires I have reviewed .

No, if you have read all the Strong Hold articles of Isuamfon Offiong.

No, you want to be RICHHHHHHHHHHHHHH. Freaking Rich..

No, if you want to pass the wealth to your children

No, if you want to be relevant.

No, if you have seen many automate Trading and are wining (I can help).

If you are a trader and you are making money with it, please go ahead and make your money.

How to Trade Well in Crypto

Before we see this, make sure to read how to invest in crypto, and how to buy/invest in cryptocurrencies.

Here is what has worked for me trading crypto.

I select just 5 coins and know them very well. I trade them, I make money off them and so on. But I had to boil down to 3…

Like you, you can apply this if that will work for you…However,

Getting hands with Trading Crypto should be strategic. Why? Because you don’t have to lose more if you can’t do it alone.

Do you think you can use a great automation tool without needing to need to buy multiple subscriptions? If yes then, a free trial tool like Livetrader/tool should help you.

Why is LiveTrader so different from Cryptohopper?

In Cryptohopper, you need to buy multiple subscriptions to use the tool. So, if the above sound like what you wont, why not? Go ahead and try it out LiveTrader for FREE.

Best Advise: You don’t have to lose in crypto, just invest sparingly. Please make your investments with caution.

Read also: CryptoHopper vs LiveTrader Review.

How to Buy/Invest in Bitcoin

If you want to invest in altcoin, I advise you Buy Bitcoin On Coinbase With Bank Account or credit/Debit card. From there, you use it and buy any other coin you want to.

Here is a guide on Coinbase.

Do you think investing in crypto is a good thing? Let me know what you think.

Ref: https://www.blogger.com/blog/posts/9091813899636177489?hl=en | https://casterlycoin.com/

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