What are the best Cryptocurrencies to invest into in 2017?
I have mainly been looking into Bitcoin, Ethereum and Litecoins. I know there are many more Cryptocurrencies available but these three seems to be some of the more popular ones, especially Bitcoin of course. As some of you may know the price of Bitcoins has increased a lot recently to $1700-$1800 per Bitcoin and I heard that people predict that price could potentially rise more so Bitcoin is something that you should invest into. However, its too expensive so its probably not a good option and because of the high price, the risk is way to high. Unless the price drops to $100-$300, I don't think its a good investment but we all know that this is extremely unlikely to happen.
Ethereum seems like another good option and recently, its price hit $100 per coin This also seems like a decent investment but the price seems too high to invest at the moment and I am kind of concerned that there doesn't seem to be a limit on the supply of coins (at least not known to the public) which means that eventually, inflation will brings its value down. At the price of around $90, I don't think it is worth the investment. I am willing to invest into it if the price is at $10-$20 but again, this isn't likely to happy anytime soon.
Now onto Litecoin. This coin is one of the oldest Cryptocurrencies and has been released for many years but the price hasn't ever gone above $50-$60 and the price is around $20-$30 at the moment which again seems to be quite high. I think this is worth investing at around $10 but it seems like a lot of people don't seem to think this is a very good investment as its performance has never been that good. Even with the recently Segwit update, the price has only increase slightly and this coin has a very uncertain future.
So have you invested into any cryptocurrencies? What do you think is good for investment in 2017?
I have mainly been looking into Bitcoin, Ethereum and Litecoins. I know there are many more Cryptocurrencies available but these three seems to be some of the more popular ones, especially Bitcoin of course. As some of you may know the price of Bitcoins has increased a lot recently to $1700-$1800 per Bitcoin and I heard that people predict that price could potentially rise more so Bitcoin is something that you should invest into. However, its too expensive so its probably not a good option and because of the high price, the risk is way to high. Unless the price drops to $100-$300, I don't think its a good investment but we all know that this is extremely unlikely to happen.
Ethereum seems like another good option and recently, its price hit $100 per coin This also seems like a decent investment but the price seems too high to invest at the moment and I am kind of concerned that there doesn't seem to be a limit on the supply of coins (at least not known to the public) which means that eventually, inflation will brings its value down. At the price of around $90, I don't think it is worth the investment. I am willing to invest into it if the price is at $10-$20 but again, this isn't likely to happy anytime soon.
Now onto Litecoin. This coin is one of the oldest Cryptocurrencies and has been released for many years but the price hasn't ever gone above $50-$60 and the price is around $20-$30 at the moment which again seems to be quite high. I think this is worth investing at around $10 but it seems like a lot of people don't seem to think this is a very good investment as its performance has never been that good. Even with the recently Segwit update, the price has only increase slightly and this coin has a very uncertain future.
So have you invested into any cryptocurrencies? What do you think is good for investment in 2017?
