You know how the saying goes: Don’t put all your eggs in one basket.
There’s probably an interesting backstory to that quote. But it’s 2019 and nobody really puts eggs in baskets anymore—they put coins in wallets. The last thing you want to do is put all your coins in the same wallet.
In other words, you need to diversify. It’s one of the most important rules of investing. Because if you’re not building a portfolio, you’re going to lose big the moment there’s a downward trend. You can ask Carlos Matos and the rest of the BitConnect supporters about how bad it feels to lose big.
And we don’t want that to happen, which is why we’re recommending 10 coins every responsible investor should have in their portfolio.
Generally speaking, the market reacts to Bitcoin’s performance. When it’s healthy, most other cryptocurrencies are healthy. When it’s in a slump, most other currencies slump as well. It’s a good coin to hold and we don’t see that changing anytime soon.
Ether is another solid choice. Like Bitcoin, it’s not going anywhere anytime soon. It’s got a great team of developers, massive support, and it’s a favorite for launching ICOs. You really can’t go wrong with holding this coin.
Another popular choice, XRP really took off at the end of 2017 and has the potential to go on another bull run in the future. It’s one of the safer investments which you can use to make small profits or hold for extended periods of time.
4. Basic Attention Token
BAT is a really cool concept. It combines cryptocurrency with online advertising—two industries that aren’t going anywhere. While it’s experienced its own volatility over the past year, BAT has continued to perform well and has done a great job standing out from other coins.
Litecoin creator, Charlie Lee has been outspoken at times, but one thing’s for sure: he cares a lot about his project—and it shows. LTC is a great token to invest in or use as a method of payment. While it’s not immune to the volatility, LTC is another relatively safe investment like BTC, ETH, and XRP.
There’s a lot of hype around ADA. It was, at one time, said to be the Ethereum killer. Not likely, but it’s managed to weather the 2018 storm while continuing to build a loyal following, and that can’t be said for a lot of projects.
Think of XLM as the philanthropist’s Ripple. It’s a really cool project that makes it easier for people in developing countries to send and receive money. The nature of the project combined with its association with Ripple due to their similar blockchains has helped XLM grow alongside its counterpart.
If there’s one thing Justin Sun knows how to do, it’s promoting a coin. While there was some uncertainty surrounding TRX in the past, the coin has continued to be a top performer. In fact, at this moment, it’s sitting at number 11 on the top currencies by market cap. Still, we aren’t saying go all in on TRX, but holding some certainly can’t hurt.
EOS might be a new kid on the block, but it’s been performing really well over the past year. Combine that with the scope of the project, which is to help developers build decentralized applications, and it’s reasonable to say that EOS isn’t just another flavor of the month.
10. Bitcoin Cash
BCH has a rocky history that was born from internal conflict over the direction of Bitcoin. Still, it’s got a large loyal following who’s completely dedicated to seeing it grow. And say what you want about Roger Ver, but he’s also really good at promoting a coin. We recommend holding a little BCH, but not investing extensively in it. Just don’t call it B-Cash.
Those are our recommendations. While we can’t guarantee they’ll take you to the moon in a brand-new Lamborghini, they will add some healthy diversity to your crypto portfolio.
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