There are so many different cryptos and different kinds of cryptos around that it's hard to know what to buy.

While there are exceptions, many of the best crypto investments are part of a specific, major crypto group. This post will look at these groups and give you my basic thoughts on them.

The Big Groups to Invest in.

Introduction

Bitcoin. The big, bad Daddy coin of crypto. I can't do post like this and ignore Bitcoin. So the first group is currencies, because that's what Bitcoin (BTC) is. It is made to transfer money (or wealth or value or however you choose to define it). Ironically BTC is used more as a store of wealth than a currency, but that's not what this post is about. Other currencies are coins such as Litecoin (LTC), Ripple (centralised coin tied to banking that I want nothing to do with), Nano (NANO), Dashcoin (DASH), Bitcoin Cash (BCH), Bitcoin Gold (BTG)... there are many. While they do go up in value with the rest of the crypto pack, I don't consider currencies to be great investments by crypto standards. Bitcoin itself is a special case and has its own set of rules, also beyond the scope of this post.

Platforms

Platforms are my favourites, I think they are the best long-term hodl coins. Platforms are the coins that could each be thought of as a decentralised Operating System. Each "Operating System" has applications that run on it called DApps (Decentralised Applications). These DApps are the many crypto tokens that you find. As the crypto market grows, so platforms should become increasingly popular. They make it easier to deploy a new crypto as they handle all the low level work. By using a platform, you don't need to create your own blockchain, just a token on an existing chain.

The best known platform (by far) is Ethereum. The native coin of the Ethereum platform is called Ether (ETH) (often incorrectly also referred to as "Ethereum"). Other major platforms are EOS (EOS), Cardano (ADA), Stellar Lumens (XLM), IOTA (MIOTA), Tron (TRX){sort of, Tron is complex}, Nem (NEM), Ethereum Classic (ETC), Ontology (ONT){a derivative of NEO}, Stratis (STRAT), Waves (WAVES), Qtum (QTUM), BitShares (BTS) {also a complex case - not primarily a platform}, OMNI (OMNI) and my personal favourite coin: NEO (NEO).

Exchanges

These are increasingly issuing their own coins. Binance and KuCoin started the trend, now everyone has them. The coins generally have utility, normally some way of saving you fees. KuCoin's tokens (KCS) pay you dividends. The up and coming decentralised NEX exchange (based on the NEO platform) and its dividend paying token of the same name is big news in the crypto world.

Payment platforms

I'm not sure who, what or how many coins/tokens will win/survive this battle. I believe that commercialised crypto will demand these coins, they will make it much easier for people to adapt to crypto without having to get their hands dirty in exchanges and wallets when they want to buy something with their crypto. The best known of these is probably TenX. Monaco is a big name too. Both of those use standard credit cards as a payment method, but both have had issues with card providers. UTrust is another way of doing this, more App based than anything else, UTrust can make your phone your payment method.

Privacy coins

While I don't really like currencies, I love privacy coins. A privacy coin is just a currency that keeps its transaction information hidden. As regulations get stricter and pathetic governments and banks greedily fight to retain control, I foresee greater and greater demand and need for these coins. Good examples are ZCash (ZEC), PIVX (PIVX) and Verge (XVG). Monero is a famous one too - now if only someone could tell me which of the four Moneros that it forked into is the real one...

Logistics coins

Had I written this post a month ago I would probably not have mention this final group. But these coins are starting to show their worth and may well turn into the number one use of blockchains of the future. The ability to track each and every item at every stage of its life makes blockchains well suited to logistics. Their immutable nature can combat fraud ("yes sir I can prove that these are genuine Nikes from the factory in Malaysia") and lies ("the blockchain RFID chip temperature readings indicate that the fish was not kept at below -10 degrees during transit.") Some are general, some are more specific. The biggest general ones are VeChain Thor (which launches its mainnet at the end of June and starts paying dividends in THOR tokens - I'm very bullish on VeChain) and Walton. More specialised coins include other favourites of mine: CargoX (for the shipping industry) and carVertical (for the automotive industry). The logistics sub-sector should develop rapidly.

There are other great cryptos that don't fit into these groups (random example - the MyWish token (WISH) than is essentially a blockchain based Last Will and Testament). I hope you all bought it yesterday like I advised you to at the end of my post...

Yours in crypto,
Bit Brain

DISCLAIMER:
I am neither a financial advisor nor a professional trader/investor. This is not financial advice, investment advice or trading advice. Unless otherwise stated, all my posts are my opinion and nothing more. Crypto is highly volatile and you can easily lose everything in crypto. You invest at your own risk! Information I post may be erroneous or construed as being misleading. I will not be held responsible for anything which is incorrect, missing, out-of-date or fabricated. Any information you use is done so at your own risk. Always Do Your Own Research (DYOR) and realise that you and you alone are responsible for your crypto portfolio and whatever happens to it.