The 3 types of coins and how to invest in them Every cryptocurrency falls into one of these 3 categories: 1. Shitcoin 2. Low cap gem 3. Blue-chip coins In this post, I'm going to share with you how to (gamble) or invest in each of them. 1. SHITCOINS #Shitcoins are cryptocurrencies that do not have tangible real-life use case(s). They're either created for fun (meme coins), pure speculation or to facilitate some Ponzi schemes. Popular examples of shitcoins include #DOGE, #SHIB, #SAFEMOON, etc. By all means, I suggest you avoid "gambling" your money on shitcoins. However, if you feel that gambling on shitcoin is your calling, then here's my shitcoin investing strategy for born degenerates (https://noise.cash/post/42xw38wamj) for you to consider adopting and using for yourself. 2. LOW CAP COINS Low cap coins are usually new, up and coming, promising cryptocurrencies with solid fundamentals. These projects have good technology, a working product, a competent and committed team, an active and growing community, real-life use cases, great tokenomics, etc. Their marketcap is usually within the range of $1 million to $10 billion (depending on their use case and market size) with lots of room to grow. Examples of popular low cap coins include #ONE, #MDX, #HNT, #ALGO, #VET, #CHZ, #KCS, #BAT, #PRE, etc. Some low-cap coins could be obscure and relatively lesser-known. That's why we call them "gems" to be discovered. My previous post, how to take profit like a Pro (https://noise.cash/post/lp084928) is a good example of how to invest in low-cap coins. At least, that's what I practice. I am usually invested in low-cap for the long term but eventually, I will sell them and dump the profit in blue-chip coins, except they themselves become blue-chips. 3. BLUE CHIPS Blue-chip coins are cryptocurrencies with an established market presence and significantly large marketcap. They're market leaders in either or both the entire industry and their respective niches. These are the cryptocurrency version of "too big to fail" projects (if there's such a thing). The two major blue-chip coins are #BTC, #ETH. Other projects that are getting close to this status include #LINK, #BNB, #UNI, #SOL, etc. Like low cap coins, blue chips have good technology, a working product, a competent and committed team, an active and growing community, real-life use cases, great tokenomics, etc. They're less-risky and more stable than low-cap coins but usually offer lower potential returns. The ultimate investment strategy for blue-chips is to HODL "forever", staking, lending and living on the returns they generate and spending or selling them only when absolutely necessary. How do you gamble in shitcoins and invest in low caps and blue chips? #cryptocurrency #crypto
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1 comment
Great! This post is very useful. I´ll keep those coins in mind. Thanks for sharing. 👌😊