What Crypto to Buy, Investing in anything but bitcoin is still investing in bitcoin. How?

in #steem7 years ago

I wanted to write a post on why you should not just buy bitcoin, but take advantage of buying crypto that rises with bitcoin and rises on its self. How can this be so. Super super super simple. So poloneix one of the biggest exchanges trades numerous alt coins and actual bitcoin. Here is the trick. ALL COINS ARE TRADED IN BITCOIN.

Lets take a look at a screen shot of the prices on Poloneix.

Screen Shot 2017-06-05 at 6.57.15 PM.png

notice how you see lots of coins being traded under the BTC tab. So lets look at what trades in USD:

Screen Shot 2017-06-05 at 6.58.30 PM.png

notice how there are a lot less coins being trades. This is due to a barrier getting usd on exchange, its much easier to get BTC and in the early days BTC was the only way to trade into other alt coins.

So when BTC rises and say your alt coin stay the same prices you get the BTC benefit. If both rises, say BTC goes up 50 percent and your coin goes up 50 percent , you make like close to 100 percent.

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SO WHAT COINS DO I BUY

Right now there are many decent coins, let me give you a list of the coins I think are promising, here we go:

  1. lol Steem,
  2. Litecoin,

So I am not being bias, but Steem is one of the very newest and highest ranking cryptocurrency in terms of total capital. Steem last time it rose about a year ago went from 20 or so cents to 4.5. What do we know about rises and falls, all coins follow a pattern, look at bitcoin it goes up each rally about 5 to 10 fold increase. So quickly Bitcoin will hit 5k before it bubbles. Ok, so if Steem follows the previous pattern it will go form about 70 cents to about 7 dollars, maybe more.

steem.png

Also Steem has the mot transactions of any block chain and is the most useful. Let me say that again, has more transactions then bitcoin and is the most useful. Also the amazing thing is once you post something it can never ever be taken down. The last thing is, its only 1 year old and a bit old. BUY BUY BUY.

LITECOIN
Why is Litecoin going to go up. Well back when Segwit was turned on Litecoin took a beating, this I believe is due to people buying litecoins or moving over to lite coins and then using the 2 to 3 minutes transfer times to move back into other cryptos.. This has crated a slight boom and massive fall, massive fall in Bitcoin terms. So if you look at the bitcoin prices its more then half its price. However the price is 30 dollars, which has been held up by a rising bitcoin. Think of bitcoin as the tide and the alt coins as the waves.

Litecoin-logo.png

Also litecoin is a good alternative to bitcoin, which will be going up in tandem with bitcoin, so again you double your profits to maybe more and your still holding bitcoin coin, given all alt coins are traded in bitcoin. Litecoins are a little easier to mine and they are a little easier to integrate and have only been on Conbase for a few months. When we go through the next bitcoin fall and people slowly accumulate litecoin we will see a lack of Bitcoins and then. a massive boom.

So get into LITECOIN and get into STEEM, I hold both and am excited for the further.

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