My Cryptocurrency Investment Strategy (from a Veteran Businessman).
To me, cryptocurrencies offer the the best investment for a generation. They are a once-in-a-lifetime opportunity to create a wealth transfer in your favour. Although, we are still in the very early stages, it is clear to me- as a an already successful business owner- that they are the 'next big thing'. Think railways in 1850s England, cars in 1920s USA or more recently, online shops in the mid-1990s. Although it may seem untrue, especially to people under the age of 25, we are still in the birth-panks of the internet and what it means for how societies, economies and the world is still being metered out.
Cryptocurrencies may be the real way the internet will make the biggest changes. They have the potential to create a massive paradigm shift by decentralising power away from governments and central banks (the true enemies of the world) back into the hands of the common man. Everyone and their dog should research, immerse and invest in them right now. Here's my investment strategy:
40% of investment total into Ethereum.
Why? At the time of writing, Ethereum seems to have the most potential for longevity and stability. These are the two most important factors when making one's core investment. It seems to me, that because Ether is not a rival currency to fiat money, per se, it will not come under as much attack from the establishment as other cryptos. This WILL be the way it pans out: cryptos will become ever popular over the next 5 years and governments around the world will collude in trying to stop them- because their long-established monopoly on trade and transactions (money) will come under threat. Therefore, Always seek to have the core of your investment in relatively 'safe' cryptos that have investment from big tech companies and government agencies. Ethereum seems to be edging towards this.
20% of investment total into Steem. Why?
Steem is a great innovation within an innovation. If managed properly by its creators, it has the chance to become a giant. The business model of creating currency that is given to members based on the amount of activity on the website, which can then be sold for 'real' (but not really!) money is potentially massive. It's like playing a game of monopoly where all players can trade in their monopoly money for 'real' money at the end. Although I would say that the site aesthetics need improvement.
20% of investment total into Factom. Why?
Again, a great idea and business model. This could be a 'pump and dump', but I don't think it is as the applications of this crypto could become ubiquitous in businesses around the world. NOW is the time to buy this crypto as it could have growth potential in the next 6 months similar to Ethereums in the past 6.
20% of investment total into 'wild cards'. Why?
By wild cards, I mean new, up-and-coming cryptos that a savvy invester should always be on the look-out. Follow online blogs from well regarded bloggers, read all you can and keep your finger right on the pulse of this fast moving market. If the feeling is good and you have a hunch- make your bet. Even if it is a pump and dump opportunity. Just know when to buy and sell.
Once you have acquired your target amount for each crypto, hold your position for 3 years. It is extermely likely that all cryptos on the list will hit triple figure growth, at least. ESPECIALLY WHEN THE NEXT FINANCIAL CRASH OCCURS. hold on tight and keep your nerve...
This is my own strategy and no financial advice is given or implied. Trade at your own risk.
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