Kickass 2018 Q1 With My Favourite Coins
After such high demand, I finally came to the conclusion to put together my list of crypto coins I'll be investing in 2018. For the first quarter to say the least. Now, this list isn't set in stones, it's more of a guideline for me to stay on top of my things.
Before I dive into my top coins though, I'd like to share with you my tips on how YOU can succeed in crypto this year.
- Never over-diversify your portfolio. I love diversifying but putting your money into too many places will expose you to more risk. I recommend maximum 8 coins. I personally deal with 5 coins right now. Having your eggs in too many baskets can make you lose control pretty fast because it will be important for you to keep on top of the coin news and announcements they are making.
- Allocate your risk. If you have 5 coins, write them down and assign a risk number to every coin. Which coin has the biggest risk and which one has the smallest?
- Organize your coins in a low to high-risk order. Your low-risk coin should get the majority of your capital. As you go down the list, your capital allocation should decrease leaving yourself with a well-diversified portfolio.
- Have a plan. When you invest in a coin or even trade one, you need to have a plan. You need to know when you should enter, when you are going to be taking partial profits, when you will be taking full profits, when you should be adding more capital if needed, how you will keep up to date with the announcements or changes of the coin, how long will you be holding this coin etc. There's a lot of things you can pre-plan. Make sure you do so to increase your confidence and probability in your coin and maximize your profits.
- Keep your wallets safe. Always enable 2FA and all the other security features your wallet provider or exchange provides. You don't want to lose those shiny coins.
Ok, enough chit-chat. Let's get down to the real stuff.
Have you ever asked yourself these two questions?
There are so many coins out there, which ones do I pick and which ones should I research and then finally, which ones do I finally invest in?
That's the million dollar question. I wish I could tell you to just buy them all but the truth is, many alt-coins won't survive. While you see a big bull run for most of the coins, it won't last. A lot of them will die out or straight out crash when the time comes. BUT, I do recommend studying them all. What makes the top coins tick? Why are they at the top? I like looking at coins from a marketing standpoint since that's where a chunk of my background comes from. I just dive into their company and watch how they operate. Just by that, I can already create a judgment call. But don't make your investment decision purely based on a companies marketing. The coin needs to have a good concept. It needs to solve a real-world problem and make sense. There are some ICOs or coins out there with amazing/crazy technology but the team behind it will never be able to pull it off. The team behind a coin is probably the most important factor you want to look at. What is their experience, who are they learning from, where have they worked and have they launched any other successful projects? Note, the team doesn't necessarily need experience in crypto. Crypto is so new, everyone is just diving into it. Some will have more experience and some will have less but take it with a grain of salt.
Anyways, I'm going to write another blog post on how to pick the best cryptos without any chart or investing experience.
Our team at Plutus Int'l (Crypto Hedge Fund) have researched some of the 'most likely to succeed' crypto coins and came up with a healthy list that we believe in.
(In no particular order)
Tron - Tron is a solution to a specific problem. There are so many distribution channels on the web right now but most of them a centralized. Tron wants to allow users to publish content freely and own the data produced. The founder of Tron was also the Chief Representative for Ripple in China and he was the only millennial to attend Hupan University. People say he is the protege of Jack Ma, the founder of Alibaba.
Ethereum - 2016 and 2017 was the moment for Bitcoin to shine. I believe that Ethereum will make a bigger appearance this year in 2018. Ethereum was developed with Smart Contracts and computation in mind, making it a more powerful platform than Bitcoin. It hasn't even come close to mainstream adoption yet, but there are hundreds and thousands of applications already running on Ethereum. Also, the founder Vitalik Buterin is very well respected in his community and they are believers in his vision.
Steem - What I like about Steem is that anybody can participate. You just need an internet connection. No investment needed. This could lead to a mass adoption. Steem also allows anyone to make money directly from upvotes. Reddit, Wordpress, Medium or any other similar platform don't allow this. Steem could be on the way become a #1 blogging platform and with the new video platform, the wheels can start turning much quicker. We already see a lot of YouTube slowly transitioning over to DTube to test the waters.
Ark - My beloved Ark. The bridge for the crypto world. I find it interesting that a lot of these coins out there focus on speed, security, and privacy. Ark really focuses on something much deeper. It will give you more functionality to the existing cryptos out there. Imagine executing smart contracts through a different blockchain. Ark also has a strong community and their branding is great.
Stellar - Another great coin. Lumens from Stellar is a distributed payment system and it will make it's way to the top this year for payment processing. With partnerships like Kik, they have great things planned. Not to mention the partnership with IBM. Besides the partnerships, Stellar also has a great team with really good experience in the tech world. Stripe is also invested in Stellar and Stripe is currently one of the top fiat credit card processing companies.
Request Network - This one is interesting. Looking at REQ it makes me think there is potential for it to become http://telegra.ph/Kickass-2018-Q1-With-My-Favourite-Coins-01-06. Request Network is a decentralized network of payment requests which can be used for online payments, invoices, accounting and among some other things. There are also rumors that they will be integrating into exchanges to calculate the taxes for you.
Electroneum - This company wants to give anyone the ability to mine using their free app on a smartphone. Their goal is to give anyone easy access to cryptocurrencies. If they can pull it off, it could lead to mass adoption. Electroneum is really transparent with their operation which is something I appreciate.
Now that I gave you some ideas, go do your research and put together your own thesis. Me personally, I look at a lot of things ranging from the concept of the coin all the way to actual price action on the chart which I won't be getting into now but leave it for an article down the road.
Anyways, I can talk for days. Let me know what you think down below and will start a conversation!
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