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What is the best cryptocurrency to invest in 2019? Lots of new and existing crypto investors ask this question.
There are so many cryptos to invest in, but many analysts recommend investing in the oldest cryptocurrency in existence. If you have heard of digital currency, then Bitcoin must be the first you would come across.
Why You Should Invest In Cryptocurrency
Its dominance is the highest in the market. If the coin continues to rise, it may just be the best cryptocurrency to invest in 2019.
Why you should invest in Bitcoin
Bitcoin price changes every day and it has seen several lows and highs in the last couple of years.
BTC price went from $76 to $20,000 in a massive bull run in December 2017. After reaching this point, the coin dropped again to $6,000 and picked up again in April 2019. Since this time, it has fluctuated up and down.
With such a volatile market, how can you pick an excellent time to invest in Bitcoin?
Here are some ways to find out:
One event was when BTC was split into 2 cryptos – Bitcoin and Bitcoin Cash. The investors who took advantage of this opportunity made huge profits while doubling their investments.
BTC price dropped a while later and investors panicked and sold off their Bitcoin which pushed the price below $10k.
Bitcoin is the best long-term crypto investment you can make in 2019. Now is the best time to buy since there are only a few BTC left to be purchased. Also, BTC is the most secure investment of crypto and it also controls the market to a large extent.
In addition, the technical competence of bitcoin with Schnorr signatures, Segwit, MAST, Bulletproofs, MimbleWimble, Confidential Transactions, Drivechains, Sidechains, and Lightning Network is on the rise.
All these factors come together to make it hard for other cryptos to catch up.
How to invest in bitcoin
You can buy Bitcoin from popular crypto exchanges such as Binance and Coinbase. The process is easy and you can easily store it in so many wallets on the web or even hardware wallets.
It is an excellent time to have Bitcoin in your portfolio and it can take up 40-50% of the crypto portfolio.
However, if you want to venture into a Bitcoin investment, you need to remain updated with the latest trends and news around BTC. Most times, when there is new information about technical improvement in BTC, it may be a good time to buy.
Another good time to buy is when the price of Bitcoin crashes because it is a good opportunity to buy at a low price.
If you haven’t invested in cryptos at all, then starting with BTC is the best option.
Despite missing the first opportunity to buy bitcoin when it was cheap, investing now is still an excellent idea.
Investing in cryptos generally can be profiting.
Like what you’re reading?
However, it means that you must also be ready to lose money. All the expert predictions in the world can not be correct all the time.
Is Cryptocurrency a Good Investment? - Phil Town
No one in the space truly knows what will happen to the price of a cryptocurrency.
The best advice to heed when it comes to investing is only investing money that you aren’t afraid to lose. Keep this in mind before investing in any cryptocurrency.
Princess Ogono is a writer, lawyer and fitness enthusiast.
She believes cryptocurrencies are the future.
When she's not writing, she spends time with her adorable cat, Ginger and works out often.