Diversifying Bitcoin? Take a Look at These Four Cryptocurrencies
Diversifying is a key component to capture growth opportunities and mitigate risk against crashes that may occur. This article is not telling you to sell all your bitcoin; it is an answer to the question: “what other coins should i be looking at?” Take a look at my previous article on Diversification against Bitcoin as a case study for diversification.
You know what’s worse than going through a Bitcoin crash? Watching the markets rise again and kicking yourself in the butt for not buying coins at a very low price. Following yesterday’s SEC/CFTC hearing, the markets have started to recover slowly. I’ve been here in the past, as an investor who’s watched the market crash and just sat there without making the right investment moves; I’m here to tell you that it’s not a good feeling and you don’t have to go through the same regret I did.
Disclaimer: this is fully an opinion piece based on my subjective view on each of the guidelines listed above. This is not a guarantee of future success in any of these projects, I’m not a fortune teller and I don’t have any insider information.
Introducing Portfolio Guidance
This is why we started the Portfolio Guidance section on Cosmic Trading, which is a cryptocurrency trading community (I wrote about the group previously in my article The Kinda Super Secret World of Cryptocurrency Trading). The Portfolio Guidance section is specifically geared towards coins that we believe will do well in the long term due to a combination of:
Its proven track record of success with things such as on-time milestones and product launches
The motivation, responsiveness, and credentials of its team
The value it brings to the cryptocurrency ecosystem
The value it brings to its investors.
This article highlights the first few coins in the publication. With the recent market recovery, now is the time to decide whether or not you will jump in on the opportunities.
1. NEO (NEO) — Low to Medium Risk
2. Ethereum (ETH) — Low Risk
3. COSS (COSS) — High Risk
4. ICON (ICX) — Medium to High Risk
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