In this video, I discuss how to pick the best cryptocurrency to invest in. My primary 4 criteria are:
1) High current hashrate to secure the network, as well as a historical hashrate chart that slopes up and to the right, showing that the network is growing and becoming more secure all the time
2) Market cap that is large enough to attract big investors. Anything under $100 million is tiny.
3) Fixed max supply: if they can keep printing more coins, it may hurt the value of your investment
4) Decentralization is best: watch out if there is a controlling corporation, a charismatic founder, other signs of centralization, pre-mined coins, or insiders dumping (like there is with XRP)
What is hashrate?
A bad hashrate chart will look like this:
A good hashrate chart will look like this:
Does Monero have a max cap:
ETH “Supplygate”:
My favorite Bitcoin dashboard:
Not investment advice! Consult a financial adviser.
Matthew Kratter is the author of the Amazon best-seller “A Beginner’s Guide to the Stock Market”:
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#Cryptocurrency
#Altcoins
#Bitcoin
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