CRYPTOCURRENCY 102 – MY PICKS FOR 2018
Way back in the depths of history eight months ago when I did my Cryptocurrency 101 post it was a very different crypto scene.
I was a bit nervous about doing a post on cryptos that would remain on the blockchain and make me look like a complete dickhead if I got it all wrong.
But thankfully, when I look back on it now, I was really pretty on to it. Although the post only paid out $3.35, these eight cryptos (in the following order) were what we invested in and by the end of the year they had gone up more than 30 fold.
Bitcoin (BTC), Steem (STEEM), Digital Cash (DASH), Monero (XMR), Augur (REP), Ripple (XRP), Ethereum (ETH), and Litecoin (LTC)
For 2018 there are two big changes to my recommendations:
Firstly – move on from Bitcoin. It’s past it’s day and is destined to become the Myspace of cryptos. It was the first coin we bought and the first one we ditched.
While we held it up to $17 000 last month I must admit I was starting to sweat and was relieved to dump the bloody thing before it crashed. Now I think it’s more a religion than a cryptocurrency, but hell we did well on it!
Secondly – invest in a much wider range of coins – now we have 26 rather than 8. While we are still mainly focused on the big names like Etherium and Litecoin, we also have holdings in a bunch of long odds gambles.
My personal favourites along with Steem are Monero, Dash and Smartcash, but we still also have Ripple even though I hate the dodgy bastards, because it’s like a license to print money, and Bitcoin Cash too just in case it swaps with Bitcoin and becomes the n00b must have coin.
So now we have holdings in all of these coins:
Basic Attention Tokens (BAT)
Bitcoin Cash (BCH)
Bitcoin Gold (BTG)
Digital Cash (DASH)
Ethereum Classic (ETC)
Salt Lending (SALT)
Smart Cash (SMART)
Steem Dollars (SBD)
Some will hopefully do well, and some may turn to shit, but not to worry, it’s all a big gamble and now we have a whole flock of horses in the race.