At this stage of the game, you undoubtedly see the value of cryptocurrency investing. And you understand that this market is very volatile. So, it makes sense to invest in the best cryptocurrencies for the long-term. The right way to do so is in a cryptocurrency IRA.
You might be wondering, “What should I invest in?” Do I sink all of my money in Bitcoin? Or, should I consider investing in other forms of cryptocurrency like Litecoin, Ripple, or Ethereum as a few other examples?
Well, I’d like to take a stab at answering your cryptocurrency IRA questions today. Because it’s my ultimate goal to help you earn as much as you possibly can over the long term with this strategy.
My recommendations are based on market cap, interest from the investing world, and other factors that I’ll use to determine the best long-term strategies.
Are you ready to become a cryptocurrency investor? Are you ready to finally buy the best cryptocurrencies for the long-term? Keep reading to discover my top recommendations.
We might as well get the big daddy out of the way. Bitcoin is now and always will be the top cryptocurrency on the market.
Guess what? This cryptocurrency has taken a major haircut over the past couple of months. It was trading at $64,000 per digital coin not that long ago. Right now, it’s trading for $37,233.69.
What a difference!
Most investors might be afraid to sink their money into this cryptocurrency because of the major selloff. I personally look at this is a huge opportunity. You have a chance to get in at a much lower price.
You understand the potential of Bitcoin. You know that it has the ability to trade for much higher than its current valuation. Getting in right now is like buying this excellent investment at a huge discount.
Wouldn’t you want to own the hottest cryptocurrency at a big discount? I personally think that it’s one of the best cryptocurrencies to invest in for the long-term and I believe this to be true.
Right now, Bitcoin is currently at a $727.71 billion market cap. Investors do not sink this much money into a cryptocurrency unless it’s the top dog.
Face facts: Bitcoin isn’t going away anytime soon.
It’s only going to get stronger as the years progress. You have a rare opportunity to get in at an amazing discount and you should jump all over it. This low price isn’t going to last forever. You do not want to miss the boat due to inaction.
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Big time investors are clamoring to own ETH because it’s one of the most well-respected cryptocurrencies on the market right now.
As a matter of fact, the exchange volume for the day shows it traded $4 billion more cryptocurrencies than Bitcoin. That’s a lot of people trading this hot digital commodity each and every day.
What else makes ETH so special? The current price is $2733.45, which is definitely off of its recent all-time high of $4382.73.
Can you say discount?
The great thing about investing in these hot cryptocurrencies is they recently had a major selloff. Most investors experience massive fear after a selloff. The smart long-term investors recognize the opportunity to buy it at a much better price.
And because ETH is so much cheaper than Bitcoin, you can buy a lot more of this cryptocurrency per digital coin. And each of these coins are going to gain serious value over the years, which means you could potentially double, triple, or even quadruple your investment in a matter of months or years.
Only time will tell just how high your ETH investment will soar. But we know beyond the shadow of a doubt that it has the potential to reach $4300 per coin, which is a lot more than it’s currently trading for.
Plus, it’s current market cap is $322.25 billion. Average investors, celebrities, and major institutions do not sink this much money into a failure. Think about it.
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Ripple is potentially the most interesting cryptocurrency investment of them all. Why do I feel this way? I love it because each XRP digital coin trades for less than one dollar at the moment. In fact, the current going rate is $0.979021.
At this amount, you can literally purchase thousands, tens of thousands, hundreds of thousands or more of this currency. And you get to sit back watch it grow for the long-term.
How great is that?
And to make sure you understand why I value this cryptocurrency so much, it has a $97.86 billion market cap.
Are the biggest investors in the world crazy? Are the major financial institutions nuts for pumping this much cash into a digital coin? Or, do they know something that the rest of us do not understand?
Personally, I’ve never considered myself the greatest investor walking the face of the earth. But that doesn’t stop me from making great money in the markets.
How do I remain so successful?
I pay attention to what the financial experts are doing and I follow their lead. And if you’ve been paying attention, over the past few years the major financial institutions are betting on crypto.
And with the third-highest market cap of any cryptocurrency, you can bet your bottom dollar that XRP is one of the best cryptocurrencies to invest in for the long-term.
Next on the list of long-term cryptocurrency investments is a digital coin called Tether or USDT.
What makes this digital currency so special?
Honestly, the reason I like this cryptocurrency is because it has a lot of potential. It currently has a $62.33 billion market cap and it trades more than $106 billion worth of digital currencies every day.
Why is this a great long-term strategy?
Personally, I like that each digital coin is only worth one dollar right now. You can load up on this cryptocurrency and hold a lot of it for the long-term.
Remember, diversity is key to successful investing, so you shouldn’t put all of your eggs in this one digital basket. But at the same time, it’s really cheap, which means you can buy it for a dollar per coin now. And hopefully sell it for $10, $20, $50, $100, or more in the future after it has grown over time.
After launching in July 2014, many investors have called Tether a stablecoin. What does this mean? It means its market value is pegged to a fiat currency. And out of all of the top stablecoins, Tether is the biggest leader of the pack.
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This digital currency is currently 12th as far as market cap is concerned. But it made the list because of its great reputation.
This is one of the earliest cryptocurrencies launched in late 2011. It was created by Coinbase engineer and former Google employee Charlie Lee.
Lee increased supply and copied the Bitcoin database when he first created this digital currency. He changed the block speed and only allows 84 million LTC coins to ever exist.
On another note…
This popular cryptocurrency currently has a market cap of $13.12 billion. Obviously, there are a great many people investing in LTC. They see the potential of this digital coin and they realize its value.
Do you? Or are you going to let this unique opportunity pass you by?
Right now, LTC currently trades for $193.96 per altcoin. This is still a relatively low price, which means you can invest in this currency heavily and make a great deal of money all at the same time. Just remember to hold it for the long-term because that’s when you’ll earn a really big payoff.
As you can undoubtedly tell, cryptocurrency prices have seriously cooled off over the past few months. Bitcoin was worth $64,000 just a few months ago, and it’s now trading for about $38,000 at the moment.
Ethereum was trading for $4300 a few months ago, and it’s currently trading for around $2800 give or take a few dollars.
Are these investments over? Has the bubble finally burst? Or has another unique opportunity been presented to you?
With market caps in the billions of dollars, it’s safe to say that these investments are primed to make big bucks again in the near future. They are just in a cooling off stage at the moment.
But they are definitely worth investing in for the long-term. And they are a great way to secure your retirement future.
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