Best Bitcoin Investment: Top 5 Cryptocurrencies to invest in

Best Bitcoin Investment: Top 5 Cryptocurrencies to invest in

Today, the cryptocurrency market is littered with different digital coins which have great ‘potential’. But most of these currencies might not be able to function in the long run due to their high volatility. Volatility refers to the fluctuation in the prices of popular cryptocurrencies. Some even vary by over $100 a day. People might think that volatility affects the long-term value that these currencies hold, but it’s important to see which ones will stand the test of time.

Understand first that the value of bitcoin isn’t defined. It depends on the number of people willing to buy the currency. That’s why the currency is growing. However, when the market shift tendencies and starts to sell, it might turn out to be a bubble which will burst.

So is Bitcoin a bubble? Not exactly, since the value of one Satoshi – a millionth of a bitcoin – depends not only on the market demand but on the performance of the currency within the market. If investors see that the currency is being sold widely, people might follow. They would continue until the price of the currency returns to under $0.10. Now the sale and buying process of bitcoin is pretty interesting since the buyer base is always growing but the price isn’t. That’s an indication of the future speculation that the overall market has.

If you’re interested in making a long-term investment into digital currencies, you can take a look at the 5 digital currencies discussed in this article. They’re some of the more stable investment opportunities in the future, with great potential to grow in the long run. Let’s start our best bitcoin investment with.

Bitcoin

Bitcoin is one of the industry leaders; it’s now worth $2469.  Even though the currency was boosted by illicit activity, the users quickly realised the potential that Bitcoin has.

So it’s definitely one of the best bitcoin investment opportunity.

Champions of elevated online security noted Bitcoin’s potential. Since the decentralised technology has a near-perfect ability to keep transactions verified and safe, there was no need for a central governing authority. The idea behind bitcoin is that it’s a currency for the people made by the people. Since it’s the most popular name in cryptocurrencies, you can be sure that it’s a safe investment which will only grow in the future. Even though Bitcoin suffers from high volatility, it’s important to note that this volatility is organic and a result of the market trade volumes.

The cryptocurrencies in this list, apart from Bitcoin or Ethereem, aren’t well known nor have high value. These currencies are all pretty similar but differ in terms of technology. This technology can sometimes determine what a digital currency will be worth.

Ethereum

Ethereum is the result of an innovative addition to the technology of Bitcoin, which was created by Vitalik Buterin. The Ethereum blockchain features a system of smart contracts and tokens. Smart contracts are a great way to keep promises and payments in check, which prevents fraud. Another great feature that Ethereum has is tokens. You can issue tokens that represent a unit of value or an asset or share or you can build a central bank which can issue money.

Be careful of Ethereum though! Every week, you hear about some price drop in Ethereum but it climbs back in a few hours. Last weekend, the currency almost crashed because of a rumour of founder Vitalik Buterin’s death and has now climbed back to an average figure.

It’s important to realise that day to day dips don’t indicate future prices, Ethereum has strong tools that make it a great currency to use.

So you can be confident that it’s one of the best bitcoin investment available today.

Litecoin

Litecoin is a digital currency that was founded by former Google employee Charlie Lee in 2011. The currency featured new technology that had decreased block generation line and in 2013 reached a market cap of over $1 billion. The currency will also have a maximum cap of over 84 million Litecoins, therefore, it has potential to be much bigger than bitcoin. Litecoin also has better transaction times since it aims to process a block every 2.5 minutes compared to Bitcoin’s 10 minutes. Litecoin also has almost zero payment costs which make the platform more attractive for users. I believe this is what can play in Litecoin’s favour in the long run so that you can be sure that your investment is safe. That’s why it’s also part of our best bitcoin investment guide.

Ripple

Ripple is a real-time gross settlement system, currency exchange and a currency called a Ripple (XRP). It boasts “secure, instant and nearly free global financial transactions of any size with no chargebacks”. Currently, Ripple is the third largest cryptocurrency by market cap.

The feature that makes it stand out is the RTGS system. It’s now used by several major banks in the world as an alternative remittance system. Large banks predict that the public ledger technology that Ripple uses is beneficial for the banking system. Therefore, you can see Ripple RTGS technology being implemented in several banks in the world. Recently, Axis Bank of India has started offering RTGS payments to customers. The technology used is boosting ripple in the right directions and hopefully, it will grow to much higher prices. So, it’s a pretty reliable digital currency to invest in for the long run. It surely is one of the best bitcoin investment today.

Dash

Dash is a decentralised business. That means it runs independently of any organisation. It allocates budgets for marketing and development independently as well as pays existing employees automatically. Dash is the first decentralised and autonomous organisation which has issued currency. As of June 2017, Dash is the 7th best-performing cryptocurrency in terms of volume.

People in the industry trust Dash. That’s because Dash is independent of power and fully decentralised. Unlike Ethereum, the prices of Dash do not go down over rumours. It’s been averaging about $150, growing from  $0.10 per unit to $1.1 Billion market cap. Therefore, it’s also a very reliable currency that one can invest in and not worry about the future. For us at WikiCrypto, it’s one of the best bitcoin investment.

What makes these stand out?

The currencies that we at WikiCrypto recommend are companies which have had notable advancements in the technology. These technologies gain traction over time and help society by finding different uses. So that blockchain technology or decentralised organisations or user-generated tokens are open to use for everybody.

That’s what makes a good and reliable cryptocurrency work in this market. Despite the volatility, these currencies will be able to survive a market crash since the users won’t abandon the currency since it’s only a fraction of the services that the companies provide. So you can be confident that it’s one of the best bitcoin investment opportunities.

We hope you liked our guide to the best bitcoin investment in 2017.

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About Article Author

Martina Kelowsky
Martina Kelowsky

Currently working on her Master Degree in Economics & Computer Science she lives in Russia. She is a Bitcoin Enthusiast since 2013 and Investor in various ICO since 2014. She aims to democratize a future where money is decentralized and transaction anonymous.

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