Best Cryptocurrency to Invest According to Buy Picks

If you think that investing in cryptocurrency is an easy way to get rich, you are mistaken. This is a fundamental process, requiring serious preparation, the ability to subtly analyze the situation and remain calm where others would push the “stop loss” button.

Now that the price of Bitcoin and most altcoins is flying up, the history of 2017 repeats. Then, on a wave of Bitcoin’s explosive growth, everyone started to invest in cryptocurrencies. We believe you have also heard about the events of 2018. In order not to become a victim of cryptocurrency volatility, it is worthwhile to approach investing consistently. This means that all decisions should not be made spontaneously, but be part of a developed strategy. Do you ask how to invest in cryptocurrencies profitably? We will tell everything in detail.

Look into the past

To understand the future, you need to remember the past. It’s the analysis of previous cryptocurrency movements that makes it possible to predict its prospects and future growth or decline. Let’s take, for example, the first and most popular cryptocurrency — Bitcoin. Consider all the changes in its price for 11 years of existence:

  1. The history of Bitcoin began in 2009, then for one dollar, it was necessary to give 1309 BTC.

  2. In late 2010, the price has already reached $0.5.

  3. In 2011, Bitcoin rose to $31.9 and ten days later pulled back to $10.

  4. The entire 2012 price was under the previous maximum of $31.9.

  5. Already in 2013, the BTC price not only overcame the mark of $31.9 but also conquered the sum of $1,000, which attracted enormous attention to cryptocurrency.

  6. 2014 was the first truly bearish year in Bitcoin’s history, the price dropped from $1,000 to $350.

  7. The bearish trend continued in 2015, the price was in the corridor $220-240, and sometimes it also broke through the $200 mark. But at the end of the year, it flew up to around $450.

  8. The whole of 2016, the…

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