The cryptocurrency market has been in decline since the beginning of 2018, but that's not a problem. It is still worth investing in this business. I'll show you a list of 4 cryptocurrencies to buy in 2019.
Long-term investors like Warren Buffet say the best time to buy an asset is when no one is talking about it.
A simple rule dictates my shopping: be afraid when others are greedy, and be greedy when others are afraid.
Bitcoin
Bitcoin is the largest cryptocurrency on the market. It has the strongest fundamentals among cryptocurrencies: development, adoption, liquidity, decentralization and security. We believe he is oversold. But what does it mean? We believe that he has already been beaten too much and that he has room for recovery.
It is being used as never before, new technologies to increase its capacity are showing great progress and there is an expectation of the entry of institutional investors with the approval of the ETF.
Ethereum
Another value cryptocurrency with strong fundamentals. Ethereum gives you the possibility to create the most varied decentralized applications in your network. In addition, it has the good characteristics that we value in all cryptocurrencies: liquidity, adoption, use case and decentralization.
The Ethereum network is the second largest in the cryptocurrency market, behind only the Bitcoin network, which shows the robustness of the “computer of the world”. Ethereum has the potential to seek higher levels in terms of price.
XRP
XRP is a cryptocurrency developed by Ripple Labs and aims to replace Swift, which is the system used by large banks to make international remittances. Since then, it has partnered with banks in an attempt to increase its adoption.
The advantage of XRP is that it has a clear and defined use case, in addition, it has great liquidity. We made it clear that he is not a competitor to Bitcoin.
Many people in the market do not like Ripple for ideological reasons, after all, in theory he is the antithesis of Bitcoin. Looking from an impersonal investment perspective, it becomes interesting.
Therefore, XRP is an interesting option to keep in the investment portfolio.
Binance Coin
This is the most daring option. Binance Coin was a token created by Binance, one of the largest cryptocurrency exchanges in the world, to finance the construction of its platform. Since then, every 6 months, Binance repurchases these tokens that were sold and destroys them.
What's the good in that? The scarcity of currencies increases while the demand for them also rises. These tokens are used to obtain discounts at Binance. As the platform gains more customers, the greater the potential for investors in BinanceCoin.
It has even greater potential with the launch of Binance's Decentralized Exchange. This currency will be one of the entry points to the new platform. Therefore, a bet on BNB (Binance coin) is worthwhile.
Conclusion
The market is difficult for everyone. This is the time to have more conservative options within the cryptocurrency market, which is a high-risk market, even bigger than stocks.
As it is an extremely volatile market, it is not recommended that you invest a large part of your assets.
The bearish moment is fundamental for those who think long term and wish to accumulate currencies. If you are a long-term investor, it may make sense to think about it. 2020 could be a big year for cryptocurrencies.
