I have $1,200 for crypto. How should I spread, and which currency should I buy for 2 years holding?

I have $1,200 for crypto. How should I spread, and which currency should I buy for 2 years holding?


I have $1,200 for crypto. How should I spread, and which currency should I buy for 2 years holding?

This question originally appeared on Quora, the knowledge sharing network where compelling questions are answered by people with unique insights.

Answers below are by Ilia Askey, Balkrishna Poudel, Eugene Giroux, Tom Vanlint and Luke Parker.

Ilia Askey, CEO at Kexy (2016-present)

Answered Dec 13th, 2017
I will answer for DECEMBER’s investments first, these are my main bets and they look amazing these days:

NXT because it haven’t exploded (I bought it for 5 cents though), but I am waiting for more attention, because 28th of December will be blockchain snapshot where people are going to get 0.5 of IGNIS (2NXT = 1 IGNIS). I am sure NXT will be dumped right after Snapshot.

ARDR – same, but technology will live long life. And it will gain strength. BUT for each ARDR you will get 1 IGNIS. Last time I checked, IGNIS was 1.88$ (1 NXT = 1 IGNIS).

Stellar Lumens – I just love that coin for transactions. Using it every day. It is perfect to me. And doesn’t worth anything. There is transaction’s worth around 0.0001 of 1 stellar (which worth 0.156$). And I am holding 0.1% of entire market cap of Stellar. This is approval that I believe that. Also transactions are very fast. Take seconds (maximum was 2 minutes as far as I remember). I love that coin 🙂

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Decentraland (Mana) – I love that coin. Because I believe that VR (Virtual reality is a future). Nissan is preparing commercial about VR by Christmas. Also got some insider’s information about Magic Leap that they are going to start pre-sale their things after 15th of December meeting. And Decentraland will be attending that and I feel that something major is coming.

XRB – I have some beliefs that this coin can take over IOTA. I saw statistics of those coins (comparison), I found that XRB is better. And price and total supply is MUCH lower. Time to grow up, XRB! 🙂

I am not talking about LTC, ETH which are going to double AT LEAST (I am expecting triple) next year.

And if you want something for 2 years – just take XRP, STELLAR, LITECOIN, ETHEREUM and put 300$ into each. And get x10 growth by 2020.

Hopefully you enjoyed my explanation 🙂 And by the way, finally NXT is taking off!!!

Balkrishna Poudel, I have bitcoin related blog www.bestbitcoinprograms.com/

Answered Jul 24th, 2017
Originally Answered: Where should I buy and sell crypto currency?
Buy ,Sell and trade Bitcoin and Ethereum through CEX . It allows you to buy Bitcoins using your credit card, a wire transfer or a SEPA transfer (if you live in the EU). It is a Bitcoin exchange that also sells ETH via a credit card. The fees for on cex io are already calculated into the exchange rate, that’s why it will seem higher than other exchanges.

Open a CEX.io account
Add your payment method (Credit card or bank account)
Go to “Buy/Sell” and select Ethereum
Choose the amount of Ethereum you want to buy
Click on “buy Bitcoin or Ethereum”
Note- The fees for on cex io are already calculated into the exchange rate, that’s why the price of bitcoin will seem higher than other exchanges.

Eugene Giroux

Answered December 14th, 2017. Check out these 2 coins : This is NOT to invest your whole portfolio in, since they are higher risk / higher return. Diversify your portfolio!Xtrabytes. It’s a complete new concept of how blockchain could look like. Bitcoin is PoW, Eth is PoS and Neo is dPoS. Xtrabytes is trying to solve the bad things that they have (ie. like 51% attacks) by implementing ProofOfSignature. When it will actually be launched it should be more secure, faster and be able to handle more transactions than anything we now know off. If/when the programmers can finish this, it could be the next ethereum or neo. Concept itself is quite revolutionary. You can buy some Xtrabytes yourself while they are still very cheap at Yobit.
Raiblocks is designed as a currency for commerce between humans and can handle very high transaction / second + incredible transaction speed. Raiblocks has been tested to do 7.000 transactions per second, whereas for example Mastercard has 1600/s, ethereum has 20/s and bitcoin has 3-4/s. RaiBlocks is a trustless, low-latency cryptocurrency that utilizes a novel block-lattice architecture, where each account has its own blockchain and achieves consensus via delegated Proof of Stake voting. It offers feeless, instantaneous transactions, as well as unlimited scalability, making RaiBlocks ideal for peer-to-peer transactions. The network requires minimal resources, no high-power mining hardware, and can process high transaction throughput.
I’ve tested it, it takes just 2 seconds to get from the exchange into my wallet! fastest thing I’ve ever seen. It’s only listed on 2 exchanges, with the easiest exchange to buy raiblocks isMercatox exchange since the other one is down constantly.

Tom Vanlint

Answered Nov 21th, 2017
Originally Answered: Where should I buy and sell cryptocurrency?
Think of bigger exchanges like Bitfinex or Kucoin where you can exchange bitcoin to other cryptocurrencies.

On Kucoin you can buy for example Kucoin shares which give you a passive income in dividend every day since the platform returns 50% of its fees to people who own Kucoin. Kucoin doesn’t require verification, just your own email address and a password and you’ve got an account! It’s the first to list Red pulse tokens and is one of the only exchanges that distribute GAS when keeping NEO on their platform. You can check out the other coins that they list here

Luke Parker, worked at Freelance Journalists

Answered December 13th, 2017
I’d put $1,200 into Bitcoin. It sounds like putting all eggs in one basket, I know, but for some strange reason, this basket keeps proving over and over to grow steadily where all the other baskets rise and fall like the tide. (And most don’t rise a 2nd time.

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