There are many cryptocurrencies today. Most of you have heard about BTC, some may have heard about lesser known cryptos like Ethereum, Ripple etc, but one needs to keep in mind that there are more than 900 cryptocurrencies at present. Each one promises to be the cryptocurrency of the future. Like all bubbles crypto will also burst but that won’t be the end of crypto, just like the dot com boom did not prove to be the end of internet based companies. Right now bewildered investors are searching left and right to find the right coin to invest in. Surely after the burst, there will be a few coins that will survive.
My simple advice to you all will be, wait for the burst, and buy the coins that are doing well even 1-2 months after the burst, because similarly to the dot com boom, these will be the googles and amazons of tomorrow.
But it will be a disgrace to my honor as a trader if we wait for the burst to happen. That is just so dull and not exciting. So let us ride the waves.
To get an idea as to how many other cryptocurrencies there are in the market I’d advice all of you to go to coinmarketcap.com.
In this blog we will discuss how to trade these currencies.