Having financial freedom through cryptocurrency these days is not an easy thing. It takes a lot of work and money, you will have to invest lots of money and alsowork hard. This doesn’t work for every cryptocurrency, there are some cryptocurrencies that you will invest your money in and no matter how hard you work you will still end up not making profit. That’s why Bitcoin is mostly the best bet anyone can do here, there is more chance of achieving good level of financial breakthrough by investing in bitcoin.
There are good altcoins and Chainlink has been a good investment as of recent. As time goes on new coins keep taking, and Bitcoin still retains its position as the number one.
That's certainly true, mate. Not every cryptocurrency is worth the investment these days. Only those which are active in development and innovation providing real use cases for the mainstream world are worth it. Looking on the market these days, I've noticed that there are quite a lot of cryptocurrencies which are extremely undervalued today. Even Bitcoin is undervalued, as it should've been worth at least $25k by the next halving. The current price of around $9.8k per coin is far away from that range. With just a few months before the next halving, I doubt that Bitcoin would reach $25k in just a short amount of time.
As for altcoins, Ethereum is the biggest one on the market but it's also undervalued. With its smart contract capabilities and trusted branding like Bitcoin, it should've been worth thousands of dollars today. Maybe it's because there are no popular ICOs on the market that would increase demand for ETH? It's no secret that ETH's rise in 2017 was largely attributed to ICOs' success within the mainstream world. So many people were hyped with it, buying as much ETH as they could. Unfortunately, the massive crackdown from governments into ICOs, has caused a decline in demand for Ethereum. Now, it's up to Bitcoin to rise towards new ATHs before Ethereum or any other cryptocurrency will be able to gain traction across the crypto market.
Nonetheless, with so many undervalued coins out there on the market, the avid investor could simply buy prominent coins while they're cheap to get ready for the next bull market. No one knows what will happen exactly in the future, as crypto is largely volatile in price. The best thing we could do is follow the latest developments in the crypto/Blockchain space and speculate how much it'll be worth in the long term. In all ends, Bitcoin will continue to be the number one cryptocurrency like you've said earlier. There are many good altcoins out there on the market, but none are as good as Bitcoin is. With the pioneer cryptocurrency's limited supply and current price, you could say that it's the most undervalued coin on the market today. Just my opinion
Look at my signature and you will see Tachyon, ticker ipx. They are still undervalued. In short, tachyon will ensure more secure, private internet protocol. Data connection will be more stable, improved connection rate, increase transfer efficiency and above all decentralization. So your data are safe and your privacy is intact
Thanks, mate. Never heard of this before, but it has quite an interesting concept for a decentralized internet. This is somewhat similar to Mysterium which provides VPN services based on Blockchain technology. Another one is called Privatix which does the same thing as both Tachyon and Mysterium. We'll have to see which becomes widely adopted in the mainstream world, in order to make our investment wisely. I'd go for both Tachyon and Mysterium as they're quite active in development and innovation. I've tried Mysterium's VPN before, and I'd have to say that it works as intended. Tachyon seem to be even better than Mysterium with its unique approach to privacy using a different algorithm with Blockchain technology. Hope it'll grow towards "infinity and beyond!"