Great, So How Do I Invest?
Probably the most common question people ask once they’ve heard all the hype about cryptocurrencies is which coins they should buy. The other commonality among the newbies is that unlike me, they don’t spend 12+ hours a day every day listening to opinions of popular cryptocurrency personalities and experts, analyzing markets and doing extensive research.
Even if a seemingly trustworthy and knowledgeable self-proclaimed “expert” does tell you that you should invest in X or Y cryptocurrency, you have neither the technical skills nor the business experience to evaluate whether or not that person really is a top expert.
However, one thing which is hard to argue is that a beginner probably doesn’t want to invest in a coin which has huge volatility and an unknown future, meaning that it only makes sense for you to invest in coins which are built on solid tech (a working product, agnostic tech, multiple/efficient programming languages), a strong team (social media presence, connections on LinkedIn, strong reputation, past successes with blockchain projects) and solid business plan (big market potential, limited competition, team with business experience) which holds long term value.
That’s when I got the idea of compiling this list of not just one expert’s opinion but instead ALL the ‘experts’ opinions of recommended coins to invest in with a focus on long term value.
Note that some of the personalities mentioned below have more knowledge of than others when it comes to technical analysis/understanding of the technology/investing experience. Also note that I use the term “expert” lightly since it’s not like any of them have received qualifications from accredited institutions.
In addition I added several discussions on the topic of the best long term coins to hodl (if you’re new to this, hold means to buy hold onto long term) from various social media platforms.
If you can think of any notable personalities or experts who I’ve missed, then let me know in the comments below.
Note that I’m not responsible for any losses which you may incur from investing, I’m simply informing you about the opinions of a variety of well known cryptocurrency personalities.
Here are some no-brainer tips before I present to you the top recommended coins:
Tip 1: Only invest what you can afford to lose
Tip 2: Use a website like CryptoSwim to see how someone’s recommended coins performed in hindsight but be weary that when the whole cryptocurrency market cap rises (as it has for the past 6 months), it’s almost inevitable for someone with a balanced portfolio to make money
Tip 3: Every expert has an incentive for you to invest in their coins since when you buy what they recommend, the price goes up and increases the value of their portfolio should they be holding those coins which they usually are.
So below I present to you my findings and although this could be used as a quick guide as to which coins you should invest in, I hope watching the videos and reading more on the topic encourages you to realize that you should always do your due diligence before investing.
(here is a Google doc with identical content as this steemit post which includes hyperlinks to all relevant channels/posts https://docs.google.com/document/d/1RgqBaWSUxzk01GMaUVtPChWzXgRx1mZWufrlPInbphI/edit?usp=sharing)
Co-founder of Expanse (EXP)
Admin of CryptoCurrency Collectors Club - FB group with 33k likes
Owns a Porsche
Request to join CryptoCurrency Collectors Club for beginners to view his original post, below is the text from that post:
These are my favorite long-term cryptocurrency underdogs, in order of market cap.
#1 ANTSHARES ANS / NEO
They have already solved the scaling problems that Bitcoin and Ethereum have, Turing Complete, strong alliance in China and China is most of crypto and should not be underestimated.
The first (serious) Crypto of China.
They are up against Ethereum, but with the alliance in China and the tech, and the relatively low market cap I think they have a strong chance at great success in the long term. The rebranding should also help later as it did for Dash.
#2 NUMERAIRE NMR
This is still new so an early favorite, but I really love this project.
They are up against all the Hedge Funds, and they literally want the scientists to “manage all the money in the world.” The data results are very strong, I fully understand the system, and I think the odds of NMR going up massively in value is worth the risk.
Some scientists are great at the predictive models and I do believe they will buy NMR and stake it to make fortunes in the future, if nothing else, this is a very exciting experiment and the potential is too great for me to miss out on it.
#3 MONACOIN MONA
Seemingly just a silly project, this is one of the main cryptocurrencies of Japan and the first crypto of Japan.
BTC/MONA ATMs are all over Japan, it is used as a currency. Lightning Network is being tested.
Top cryptocurrency to invest in 2020
Low Market cap and a strong community. I do not see this as some global currency, but the potential of it becoming huge in Japan is there.
Halving is coming up shortly, a new Electrum lightweight wallet is being built and Lightning Network will handle scaling just fine.
#4 EXPANSE EXP (extra bias since he works there)
This is the project I am working on personally. We do not have the blockchain bloat problem of some projects, TX scalability is still something we need to solve, even though it is not an issue for us yet we plan on being a top project in the long run.
We do have some of the most experienced Blockchain devs and we are also working on early concepts for a new way to scale Blockchain while remaining proof of work. We have lots of news coming, and we are the first stable Ethereum fork and by far the cheapest.
Youtube Channel with 13k subscribers
He doesn’t have a video with top 5 long term altcoins but every week he picks the coins which he thinks are the most promising over the next 3 to 6 months.
Note that Ryan has one of the highest like to dislike ratio for his videos compared to any other Crypto Youtuber I’ve come across and is definitely one of my top 3 favourite crypto Youtubers.
In his most recent video he picked the following:
High Altitude Investing
YouTube Channel with 9k subscribers
He gives more detailed performance results from crypto investments than any other YouTuber I know.
Check out his most recent Monthly Update where he also mentions the top 4 coins he’s most excited about for the next month and tells you exactly how much money he made.
Here are his top 10 picks for June
Crypto Youtube channel with 12k users
Creator of PAID Udemy course with 4000 students
When I first watched Suppoman I figured he wasn’t for me since he comes off as a little arrogant and over sensationalizes his predictions but he has a relatively large following and has since grown on me.He has a decent number of subscribers plus his Udemy course with high ratings so despite relatively high dislike/like ratio on his videos compared to most crypto Youtubers I think he still deserves to be in this list.
Probably the most entertaining crypto YouTube at the very least.
Here is the Youtube video detailing his top 5 LT coins in order from top to bottom of favourite to least favourite
STEEM (biased since he seems to be long on this by a decent amount and posts on Steem)
YouTube Channel with 100k subscribers (not all crypto videos)
Focuses on problem that protocol of the coin is trying to solve.
Strong leaning towards fundamentals of a coin, i.e. focus on long term.
Here is his two month old video explaining his choices
YouTube channel with 10k subscribers
Video from Jan 7th 2017
Youtube Channel with 6k subscribers
Top 5 Cryptos Youtube Video
Youtube Channel with 6k subscribers
Top 5 Cryptos Youtube Video
1 Siacoin SC
Web storage cloud storage similar to Google Cloud and Amazon
2 Golem GNT
Worldwide supercomputer where users rent out computing time.
3 SysCoin SYS
Online marketplace similar to Ebay and Amzaon.
Users buy and sell.
4 STEEM (Biased)
Social media platform where users get paid for posting content.
Young And Investing
YouTube Channel with 5k subscribers
Top 5 cryptos video from April 13th 2017
In order of best to worst:
Youtube Channel with 565 subscribers
Youtube Channel with 32k subs (but mostly gaming videos)
Video from May 30th