October 27, 2019
Once again, I have the beginnings of a very bullish feeling about the crypto space. My main opinion is that the period between now and late (Oct/Nov/Dec) 2021 will be a period of strong price growth and investment gains for the market as a whole. This will be lead by Bitcoin, but I personally have strong doubts about the ability of either the main chain or the Lightning Network to cope with the coming bull market. Unless major upgrades are made – which they will not be any time soon – this could be very problematic for BTC. My guess is that the price of BTC will rise very strongly, but it will not be an easy asset to get in or out of if the market really rises.
Therefore, buying and holding “the market” sans BTC is what I plan to do. To my eyes, the best assets to hold and their current prices are:
Bitcoin Cash – 239.45 euros
Ethereum – 169.75 euros
Monero – 54.89 euros
Zcash – 34.54 euros
For people that need a little more spice (!!!) the following projects are very interesting with lots of potential, but I believe that they also hold substantially higher risks for investors. They are:
Tezos – 0.77 euros
Cardano – 0.04 euros
Each of the six projects has lots of amazing development underway that has the potential to make it a phenomenal investment. However, this is crypto and each project has it’s potential flaws or risks as well. Let’s just say, this is a risky time to be in a risky development period in a high risk market. Cryptocurrencies are not for the faint of heart!
The fund raising within the ICO market has mostly been stamped out by (quite sensible) SEC rules. Therefore, my best guess is that there will not be another ICO boom (but tokenisation of assets could become a very big deal) and so there are very good reasons why the main protocols ought to attract a very substantial proportion of the capital gains.
FinancialGuy is a regular buyer of crypto and has small holdings in each of Bitcoin Cash, Ethereum, Monero, Zcash, Tezos and Cardano.
Once again, it goes without saying that this is for information and entertainment purposes only. Asset prices rise and fall and you should not hold responsible or sue an anonymous blogger if his tips do not work out. Please do your own reading and research (lots of it!) before making any significant financial decisions.