Everyone has their top picks and all of a sudden everyone is a “crypto expert.” Want to know how to weed out the bullshit real quick? Ask the person who told you DOGE coin was a great coin, ask the person who told you POT coin was the next Bitcoin, ask the person who told you the IGNIS air drop was worth waiting for…ask them why and if they can hold an intelligent conversation on it for 20 minutes, well, then they might be a “crypto expert.” If not, tell them to f*ck off and stop wasting your time. Let’s get to it then; lets talk about the top 5 cryptos to profit on in 2018.
What Do They Do For Me To Become A Top 5 Pick?
I actually had about 12 coins on this list but they all had to pass a certain list of my own criteria; some didn’t so now there is 5 left. What was my criteria to make the list?
- Purpose: What was the “coin” made for? What problem was it designed to solve?
- Adoption: Based on the purpose, has it been adopted? Has it caught on popularity for a good reason?
- Development: Throughout the history of the coin has it had a development team that is dedicated to the success of the coin? Are they dedicated enough to keep the progression of the vision going year after year after year?
- Networking: Is the company/dev team that created the asset networking with already existing companies to partner up and see the asset further adopted into industry?
- Market History: What has history in the coin proven? If we look at the charts, do we see multiple significant bull markets? Do we see several good profit opportunities?
- Personal Taste: This is the one area where we may differ. If I don’t like the coin’s purpose, if I don’t like the dev team, if I don’t like the UI of their website, then I am not investing in it.
Top 5 Cryptos To Profit On In 2018
Before I tell you my picks and why, I first want to talk about the strategy behind profiting…
If you are a member of Millionaire Mafia Crypto Mastery then you already know my personal accumulation strategies; you already know what I do to benefit from short term profits, swing trades (a few weeks to a few months), and long term.
With my “top 5 cryptos to profit on in 2018” the strategy is simple: Invest what you are comfortable with, and ONLY sell off in significant swing markets, distributing your sales throughout 2018. It would look very similar to the chart below.
I was talking with a guy yesterday who was at Tai Lopez’s house when I last spoke there. It was ironic because he isn’t much older than me and he pulled up in an Aventador Spyder ($450K Lambo). I can only assume he paid for that car in crypto as I found out yesterday he invested $3,300 in XRP once and was able to turn that into $1.1M in 2017.
So the strategy is simple; you could buy once and sell on the swings, or you could buy, sell on the swings, and use the profits to buy more in between each market. You can see this in the above chart which shows XRP from about February of 2017 to March of 2018. If one had entered on that first initial red arrow and simply sold off in portions on the significant markets; which I have highlighted just a few with the green dollar signs, then you would stand a chance to make tons of profits. This is a very basic and a very easy strategy. And as I said; if one wanted to increase their profits they would actually have an initial entry (first red arrow), then sell off perhaps 10% on the first high (first green dollar sign), then re-buy at the next low (2nd red arrow), sell at the top again (second green dollar sign), re-buy low, sell off high, re-buy, and so on.
It may not look like it but that first market on the chart compared to the initial buy in was actually a 1400% return; this means that a $100 investment would have returned $1,400. So say for example you bought 1,000 XRP coins and sold 10% on the first high, then re-entered the market low so you now have perhaps 2,400 coins, then you sell off 20% except this time your gain is literally 10,000% and you now re-enter to hold 48,000 coins. Let’s just stop right there. Now say you didn’t do anything (mind you your buy in of XRP in the beginning of 2017 was $0.06 so you are only in it $60 and everything else you have accumulated has been off of re-investing and NOT on additional out of pocket expenses)….let’s continue. So now you are sitting on 48,000 XRP coins and it is August of 2017. You decide you are going to finish the year by cashing out of XRP on its next significant swing market. The next swing is December of 2017 rolling into the beginning of January 2018. You sell off 48,000 XRP for over $3 per coin; you now have $150,000 in liquidate-able Bitcoin (or Ethereum) and you invested $60…
So as you can see…doesn’t really take any brains to do this. The unfortunate things is that most people are stupid and can’t wait a year, let alone a month, or even a week. If they go a day without money or a day of Bitcoin going down in value they think the world is ending…let’s move on to my top 5 cryptos to profit on in 2018.
What Are The Top 5 Cryptos To Profit On In 2018?
XLM: XLM is Stellar Lumen. They have paired up with IBM to bring blockchain technology into many different industries. They have also established cross-border payments with Remitr (Canadian based company). Stellar has proven to be a consistently trade-able coin and has a tremendous amount of technical power, development support, and network partnerships with fortune 500 companies such as IBM.
SYS: Perhaps one of the most heavily under-rated coins. SYS’s creation of the Block Market which allows merchants to sell their products (digital and physical) without dealing with political interference, website downtime, Amazon selling or Ebay selling fees. The platform has become massively adopted and SYS has proven to be a consistently solid asset on the exchanges. For months now it has been a very stable asset and it will be a great long term play.
XRP: Arguably the most controversial coin out there. Simply put; XRP has made me a lot of Bitcoin, provided more swing trade opportunities than I can count and is MASSIVELY adopted int he banking/financial world. There is much speculation that it was actually created by the government so it could be regulated. For me, it has merrily been a bread winner in the crypto world, has significant volatility, and serves to offer a financial solution for global commerce and banking. I may not hold onto it for years and years, but I sure will play out the profits it possesses for 2018.
NEO: First you must understand that adoption is key. This is an asset heavily supported by China. When China plays you pay attention; you’re talking about a country with the most tech in existence (and that isn’t even up for discussion). The NEO project allows for operation across multiple blockchains, has the ability to create and launch virtually limitless smart contracts, has it’s own decentralized online storage service, and it is a Proof Of Stake coin. I could also mention that NEO is much more adaptable to development compared to Ethereum because it is compatible with multiple code bases whereas ETH is not.
ADA: Cardano’s answer to crypto currency. This is also a POS coin that could be considered a cousin or perhaps a younger, smarter brother to Ethereum (being as Charles Hoskinson is an ex-founder of ETH). ADA allows the use of smart contracts as well and is seeing good adoption in the Asian markets. The community behind Cardano is also extremely active. This coin could be a very worthy underdog.
So there you have it, the top 5 cryptos to profit on in 2018…but what do I know; I didn’t go to college and I am not a financial advisor…
What are your thoughts? Please feel free to comment and let’s discuss!
Terry Nguyen
9 Mar 2018I am holding XLM and ADA which are very low price now. How’s about EOS? If ETH is considered Windows, EOS should be Apple?
ben
24 Mar 2018I am a big fan of EOS as well.
Kelly Renner
16 Mar 2018Ok so I need to buy xrp and hang on to it until December and then sell it? And can I do that in metatrader 4 or do I have to use a different trading format?
ben
24 Mar 2018Not necessarily. That is just what happened with XRP last year; it won’t repeat EXACTLY what it did before. I am making the suggestion to enter the market low and sell of in portions at every swing high, while re-entering at the bottom.