My top four cryptocurrencies for medium and long-term investments.
In the end of 2016 I started investing in crypto and blockchain projects. From 2018 to 2019, I wrote ~50 articles on cryptocurrencies and blockchain projects for BTC ECHO. But let me talk about my thoughts.
In the medium term, I am looking at a holding period of at least five years for all my investments. In the long term, the core of my investments is designed for a holding period of ten years. In my opinion, firstly you should think long-term when making investments and not allow oneself to become nervous even in high-risk markets with high volatility. All this, of course, under the premise that every project offers a solid foundation with long-term development potential. As long as you have a well thought-out investment plan and you know the market and can determine the intrinsic value of projects, a risky investment is basically no longer associated with inestimable risk. In my opinion it is important to always keep the long-term development in mind and to implement your own investment plan without any ifs and buts. The biggest mistake you can make in every financial market, is to invest without a plan and rely on whitepapers and short-term profit promises or influencer on Youtube etc. My base is real world usecases, the use as an application for daily users, and the stakeholder and developer structure.
In the following parts I would like to give you a very brief overview of my four most important cryptocurrency holdings my estimated price trend until 2030 and by providing short links books, links to exchanges and wallets. In the text I have included links to various topics and technical terms, under which you can easily read about ftuher information or technical conditions.
Bitcoin — Global Currency or Digtial Gold?
Bitcoin is called the mother of all crypto projects. It has long since made the leap into the mainstream, there are financial products and futures, most digital currencies can be exchanged for Bitcoin and every coin exchange offers the possibility to trade Bitcoin. Bitcoin can be used as a means of payment for some time now, but the number of platforms is currently still limited. Due to high volatility I think it is unsuitable as a daily means of payment. As a digital gold or store of value, I believe it can compete with gold or other precious metals as a digital counterpart. If one takes a look at sustainability and environmental pollution, the question is of course whether the high energy consumption can have a negative impact on the environment. It should be mentioned here that the majority of the required mining power is obtained from renewable energies. Looking to the distant future, Bitcoin could definitely establish itself, but in my opinion only as Digital Gold. My price estimation until 2030: ~200.000$ (depending on CPI and market capitalization and low-threshold access barriers)
Here you can check the current price development: https://coinmarketcap.com/currencies/bitcoin/
Recommended book sources for more information
Books
- Antonopoulos, A M (2017). Mastering bitcoin: Programming the open blockchain(Second edition.). Beijing: O’Reilly.
- Popper, Nathaniel (2016). Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money. New York: Harper.
Whitepaper
How to buy Bitcoin?
The easiest way to buy and sell Bitcoin is on Coinbase or the Bison App of the Stuttgart Stock Exchange. Whoever wants to keep Bitcoin in the long term should, use a hardware wallet.
Bison-Link (only available in germany)
Coinbase-Link (easy usability)
How to store Bitcoin?
I myself use the Ledger Nano S to store Bitcoin. And why? The cryptocurrencies stored in the Hardware Wallet are kept offline, meaning that they can’t be hacked.
Ledger Nano S (Hardware Wallet)
Ethereum — Smart Contracts and a decentraliced economy.
Ethereum’s platform consists of a decentralized, publicly accessible network based on a blockchain developed by Vitalik Buterin. The network consists of many interconnected nodes. Every computer running the Ethereum software becomes a node. The software is called “Geth” and is written in the programming language “Go”. Anyone who wants to become part of the network can download the software and run a node. Nodes form the backbone of the network. All nodes together form a kind of “world computer”. This computer network should democratize and decentralize existing client-server models. In essence, the platform is technically composed of a virtual machine, smart contracts and the crypto currency ether. My price estimation until 2030: ~8.000$ (depending on CPI and market capitalization and low-threshold access barriers)
Here you can check the current price development: https://coinmarketcap.com/currencies/ethereum/
Recommended book sources for more information
Books
- Antonopoulos, A M & Wood, Gavin (2019). Mastering Ethereum: Building Smart Contracts and DApps. Beijing: O’Reilly.
- Prusty, Narayan (2017). Building Blockchain Projects: Building decentralized Blockchain applications with Ethereum and Solidity. Birmingham, Mumbai: Packt.
Whitepaper
How to buy Ether?
The easiest way to buy and sell Ether is on Coinbase or the Bison App of the Stuttgart Stock Exchange. Whoever wants to keep Ether in the long term should, use a hardware wallet.
Bison-Link (only available in germany)
Coinbase-Link (easy usability)
How to store Ether?
I myself use the Ledger Nano S to store Ether. And why? The cryptocurrencies stored in the Hardware Wallet are kept offline, meaning that they can’t be hacked.
Ledger Nano S (Hardware Wallet)
Ripple XRP — Bridge currency!
Ripple is a decentralized peer-to-peer network that provides financial institutions with a digital payment protocol. It enables seamless digital money transfer, whether you want to send conventional funds in dollars or crypto-currencies like Bitcoin. The network has a token called XRP. Measured by market capital, the Ripple is currently the third largest crypto currency. One of the unique facts about XRP is that all tokens are prebuilt by Ripple, which is based on a network of servers, is an open source platform designed to enable affordable and fast financial transactions. The XRP token serves as a means of transferring value over RippleNet. It acts as an intermediary for exchanges that allow users to buy and sell both fiat and crypto currencies. My price estimation until 2030: ~10$ (depending on CPI and market capitalization and low-threshold access barriers)
Here you can check the current price development: https://coinmarketcap.com/currencies/xrp/
Recommended book sources for more information
Books
- no recommended book sources available
Whitepaper (Ripple — non specific XRP Whitepaper available)
How to buy XRP?
The easiest way to buy and sell XRP is on Coinbase or the Bison App of the Stuttgart Stock Exchange. Whoever wants to keep XRP in the long term should, use a hardware wallet.
Bison-Link (only available in germany)
Coinbase-Link (easy usability)
How to store XRP?
I myself use the Ledger Nano S to store XRP. And why? The cryptocurrencies stored in the Hardware Wallet are kept offline, meaning that they can’t be hacked.
Ledger Nano S (Hardware Wallet)
ZCash — Anonymous payment transactions.
ZCash is rather an idealistic investment for me. ZCash is a crypto-currency driven by a decentralized blockchain whose primary goal is to provide a privacy-conscious digital currency solution. It guarantees the anonymity of the users and the transactions that take place on the block chain. ZCash uses “zero-knowledge proofs” to verify transactions while hiding both the user’s personal information and the transaction data. The cryptocurrency was built on the Bitcoin infrastructure and shares many features with the very first cryptocurrency.
Although ZCash is similar to Bitcoin in many ways, ZCash offers its users greater anonymity, privacy and fungibility. Many consumers who wish to use a crypto currency desire anonymity, which has become a rare feature for a variety of reasons. ZCash is an attempt to offer a robust and functional solution to the privacy conscious audience. My price estimation until 2030: ????$… I don’t know, but I believe that everyone should have the right to conduct anonymous financial transactions.
Here you can check the current price development: https://coinmarketcap.com/currencies/zcash/
Recommended book sources for more information
Books
- no recommended book sources available
Whitepaper
How to buy ZCash?
The easiest way to buy and sell ZCash is on Coinbase. Whoever wants to keep ZCash in the long term should, use a hardware wallet.
Coinbase-Link (easy usability)
How to store ZCash?
I myself use the Ledger Nano S to store ZCash. And why? The cryptocurrencies stored in the Hardware Wallet are kept offline, meaning that they can’t be hacked.
Ledger Nano S (Hardware Wallet)
Final set
I am aware that the text only provides a brief, superficial overview. Basically, it is meant to share a small part of my thoughts and to inspire own research and investment possibilities. If you want you are welcome to google me and drop me a message or leave a comment and exchange ideas about blockchain and crypto projects or investments. The text and the notes and information do not constitute investment advice or a recommendation to buy or sell securities or cryptocurrencies everyone acts at their own risk.
