A Spotlight on the Best Cryptocurrencies and I'm Up 90% in 2020

You Need to See What Three Cryptocurrencies I’m Buying

A few years ago I knew nothing about Bitcoin and the thousands of cryptocurrencies but one of my recent buys is up over 90%. I wouldn’t consider myself a cryptocurrency expert but understand numbers. Numbers that will increase my bank account.

I have a lot of experience looking at numbers in the stock and real estate market as an investor. Basically, I look for investments that are on sale. So you have to train your mind to look at it that way instead of thinking your losing money in your investment.

Who knows. You could end up a millionaire one day.

How I Find the Best Cryptocurrencies that 100X My Return

As I mentioned I’m not a cryptocurrency guru or even an expert. So I tend to listen and read what the smart people are doing. I have spent every single day for the past three to four years scouring the internet on what the cryptocurrency market is doing.

When I first started to learn about cryptocurrencies, a friend sent me a link with several videos that broke down what bitcoin was and how it was created. Bitcoin emerged in 2008 as a person or group of people calling themself Satoshi Nakamoto. Satoshi has never made himself known to the general public but has gone by this pseudonym.

After watching this first set of videos, I went to YouTube and found a few cryptocurrency YouTubers who I still watch today. Bitboy Crypto still keeps me updated on the latest cryptocurrencies he’s watching without a lot of spam. His videos are also funny so he has a sense of humor on a topic that can put you to sleep.

Some YouTubers drag on a video for too long which loses my attention span. How long do you really need to explain a cryptocurrency? I like my information right up front so I can sit back and digest the information.

Should I buy this? What is the current price? Where can I find this cryptocurrency if I decide to buy it? These are some basic questions I ask myself.

The one site I normally go to is Coinmarket Cap. This site shows the list of all cryptocurrencies, their individual website, and past price history. Over the past three years, other than the new cryptocurrencies, the site hasn’t changed too much except for the top 100 cryptocurrencies which continue to move up or down by ranking.

The only stable cryptocurrency which still holds the number one spot is Bitcoin. There is always talk that another cryptocurrency will overtake Bitcoin because it is a slow-moving cryptocurrency but I don’t think that will happen anytime soon. I see Bitcoin similar to gold as the standard cryptocurrency that people refer to in this market as gold is in the precious metal market.

Recent Cryptocurrencies I Bought Getting Me to My Millions

Based on some of the videos and articles I have read, I decided to buy several cryptocurrencies that I heard of in the past but never bought them. I believe they weren’t available on the exchange I was using and I was also focused on buying other cryptocurrencies at that time.

The top three cryptocurrencies I bought were VeChain, IOST, and DigiByte. All three have done very well as I only started buying them this past April and May. All three of them I have heard other YouTubers mentioned them didn’t consider them part of my portfolio.

For these cryptocurrencies, I am up 91% with VeChain, 59% with IOST 59%, and up 36% in Digibyte. Granted these gains could erase tomorrow but I am holding on to them and expecting bigger gains. I will continue to buy more of these cryptocurrencies to add to my portfolio.

Will this Get Me Closer to My Millions?

In my previous cryptocurrency articles, I mentioned how to make millions in cryptocurrencies. I use a similar idea that is common in the stock market. Personally, I buy using dollar cost average to make my purchases as I buy consistently while trying not to time the market.

One of these cryptocurrencies could get me to my millions but I highly doubt it. I would need to hold several of these cryptocurrencies in my portfolio. VeChain and Digibyte are getting a little more expensive as they are both one cent and I expect they will only increase in price in the near future.

It could be possible to make millions with these cryptocurrencies but the price of the cryptocurrencies would have to rise to $10 for one cryptocurrency. It is possible but based on their past high it may take several more years down the road. But I could be wrong and $10 may be the next high these cryptocurrencies will see in the next bull run.

IOST is still under a penny but I’m not sure how long that will last. IOST was in a low price range in the March-April time frame but the price has continued to increase.

If you read my previous cryptocurrency articles I was looking for cryptocurrencies under a penny. Under a penny, I consider a steal and a bargain in the cryptocurrency market. Anything over a penny would only take a little more income from me to reach my million dollars.

Several cryptocurrencies have spikes in a short period of time and reached over a dollar or more. We saw a lot of this happen in the last bull market at the end of 2017. Other cryptocurrencies reached a dollar or more on their own due to their purpose and desire in the cryptocurrency space.

A cryptocurrency’s circulating supply also plays a part in the price. You can think of it as supply and demand. If there are too many cryptocurrencies available, the price of the cryptocurrency is usually lower compared to others.

Well, I haven’t made my millions yet so I’ll keep buying more cryptocurrencies to add to my portfolio.

Check out these other articles on cryptocurrencies:

Do you invest in cryptocurrencies?

Tom Handy is a top Investment and Bitcoin writer on Medium, and father of two kids. He retired from the Army and sits on several non-profit boards. Tom is the top Yelper in his community and a top Google Guide. He’s on several social media channels and you can find him on Twitter @tomhandy1 and Instagram @tomhandy1.

This article is for informational purposes only. It should not be considered Financial or Legal Advice. Not all information will be accurate. Consult a financial professional before making any significant financial decisions.

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