If you've been following this space, you'd know that I have started a series where I tell you the best cryptocurrencies to invest in for a particular reason.
I have done two episodes already. Check out my blog, Psycho Crypto, if you're interested.
But in this post, I'll tell you the best coins to invest in for the long term.
Or the best coins to HODL for great profits.
And by long term, I'm not talking 3-6 months.
I'm talking about buying these coins and holding them for AT LEAST a year.
Only then would you get the desired results.
Also, full disclaimer. I'm not a financial analyst, so don't make decisions based solely on what you read in this post. Do your own research basically.
Let's get started.
One major reason I love this coin is that you can earn passive income off of it, simply by staking it in a staking supported wallet like your Coinbase wallet.
Tezos is my favourite crypto to hold because it will bring you passive income, while also appreciating itself. So you get the best of both worlds.
It's not perfect and it has it's drawbacks in the short term view(in terms of day trading and no other factor), but for the long term, it's a great investment.
I simply love this crypto coin. It's one of the only coins on this list that gives a whopping 5% annually just for owning the coin. Add to that the fact that it also runs a proof of stake system which also pays dividends, and you more or less have the perfect hodling coin. I'd advice that investors hold this crypto coin for at least 1.5 years before withdrawing the profits and getting that yellow lambo.
You can stake Komodo in your Binance wallet by simply depositing your purchased Komodo there. And you'd have to move it in and out of a wallet once a year to claim your 5%, but you can do this in January and forget about it the rest of the year! Neat!
Owned by popular exchange Bitmex, the token has the ability of earning investors interest in USDT whilst they hold the coins in a Bitmex wallet. It's really simple to earn with this coin, and I love that it pays out in USDT, so your profits are fixed, irrespective of what the crypto market is doing
You sing purchase the BTMX coin(less than 20 cents currently), and proceed to add it to your BTMX wallet ON THE EXCHANGE. Then you select the option to lock up the funds, and you're set to earn interest every day. The accrued USDT interest is paid into your BitMax exchange wallet, and you can move it out if you so wish.
This cryptocurrency is popularly known as the 'Chinese Ethereum', and for good reason too. It's tech is amazing, and it solves the problems it sets out to solve.
But you don't care about its problem solving features! You're here for that money. And you can earn from 5.5% and above every year simply by holding this coin in a NEO wallet.
You simply purchase this coin from an exchange using BTC or USD, then transfer them over to your official NEO wallet(get yours here) and that's all! You'll earn a fixed 5.5% every year on all your NEO.
You can calculate how much you'd have earned based on what you stake here.
Now I know that there will be controversies concerning hodling BTC instead of trading it, but hear me out.
If you bought $1000 worth of BTC at the start of last year, and sold it at the start of this year, you'd have made a $520 profit. Not too shabby, considering Forex would have given you only $64 with the USD/CAD pair in that time frame.
BTC hodling is not for the faint of heart though. You must be willing to ignore all the negative news concerning the coin, and focus mainly on your yellow lambos and big mansions in the future.
This is the pioneer crypto coin, and you should hodl it, because of the fact that it always appreciated.
Did I miss any crypto coin? Do you think yours should be on the list? Comment below!