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RE: Which altcoin is best to invest now

in #bitcoin7 years ago

I am not a financial advisor, but based upon jsnip4 and Bix Weir on YouTube, both Litecoin (LTC) and Ethereum (ETH) are supposed to be "safe but going higher" short-term and long-term speculations. You will need some ETH because so many Initial Coin Offerings (ICOs) use the ERC-20 smart contracts, so if you want to invest in any new altcoins, you will have to buy them with ETH.

If you already own some Bitcoin, then investing in Litecoin (LTC) is not a great leap of faith. There is a lot of expectations over OmiseGo (OMG) competing with Ethereum (ETH). Do your own due diligence over these altcoins.

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Sir, thank you very much for your valuable advice. But for the ETH who is the competitor, EOS or OMG? The reports say that EOS is the ETH killer. What I thought is the prices of ETH and LTC is already moved up a lot and my budget is too low. I also think ETH and LTC will be safe bet than new unknown coins.

LTC is definitely the "safe" buy. ETH/EOS/OMG are riskier - but I cannot deny that all of the ICOs have I have invested in came from ETH, not any other altcoin. So until several other ICOs want some other altcoin than ETH, ETH will stay prominent in the altcoin list. Perhaps even #3 behind BTC and LTC.

Thanks once again

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