Bitcoin - will be your digital gold and how you store your wealth. Other currency like Litecoin/Bitcoin cash will be used for day to day restaurant/coffee kind of transcations. Ether will be for smart contracts. Crypto currency will be an eco system.
I think CME is also including Bitcoin Cash futures.
From a young bro’s answer on Quora. I haven’t heard about most of his recommendations… I am getting old.
Which cryptocurrencies are worth investing in right now?
I started investing in crypto since more than 2 years and i would like to give you my 2 cents.
First and most important thing: dont buy in the hype,(now its a hype)…wait 2 3 weeks and do your research.
These cryptos are the ones which i believe will stay till 2023 and will be big,however if we are speaking about fast money,scroll up and dont look at this answer because it wont help you as i know how to make money and not magic.
Siacoin
Basic attention token
IOTA
NEO
OMG
Ripple
Litecoin
ETH
And most important: dont worry,the train wont go away without you,each two weeks comes another train, dont rush yourself and invest wisely, try not ask this questions because they will lead you to shitcoins.
there are very broken coins in the list given above - ripple, iota comes to mind, basic attention token is meant to be totally something else but people like to hype about it. it was meant to be funding for Brave browser, but reality, i don’t know how big it’s going to be.
I don’t know much about what coin coinbase is going to support, but i assume business-wise they’d go with the 4th largest market cap(after filtering the other bitcoin forks, ripple, and maybe dash - they are shady because of premining and ripple owns a big chunk and can end up controlling the price - might be what you are looking for).
Monero is special:
because it’s private. When you send money to some address, nobody can see it. On bitcoin ledger, the transactions are transparent - you move money from one address to another, it’s visible. Think this way: Everybody knows satoshi is a billionaire, but he cannot move his funds (if he’s alive or he cares), because if he did, people would immediately know who he is - as soon as he converts to fiat. Monero also doesn’t have the rich list. Your money is your own, and nobody’s business.
It’s fungible, meaning nobody can blacklist coins and prevent transactions.
What I like about monero, though, is its community.
but YMMV, don’t take investment advice from a random internet stranger. I am certainly not in it for speculation, though it’s nice to see them going up I don’t have significant positions, though - i was mostly an enthusiast with little funds in the whole thing.
IOTA to me is one of the biggest scams, next to dash and ripple. Though, it paid sum hefty sum to its holders, so i guess i don’t know what i am talking about.