Crypto is back.
I first recommended cryptocurrencies in my Bull and Bust Report about four years ago.
My readers made roughly 2,500% and 1,040% gains by buying Bitcoin (BTC) at $450 and Ethereum (ETH) at $96. Those two coins are now trading at $45,000 and $3,093, respectively.
I’ve gotten emails from people for whom these trades provided life-changing money.
Don’t get me wrong — Bitcoin and other alternative crypto coins are volatile, but that also means if you trade them right, you can make a great deal of money.
One good thing about cryptos is that they react to technical analysis in ways that the heavily subsidized and manipulated markets like equities and gold sometimes fail to do. In many ways, the charts are more authentic.
The bottom line is that you can make a lot of money off crypto coins — and after the sell-off in May, many of these cryptocurrencies are looking promising.
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Avoid the Big Dogs
If you want to get rich, don’t look to the big boys like Bitcoin and Ethereum. They’ve already had their run. Sure, they could double, triple, or more, but you are unlikely to see the unprecedented returns like we’ve seen over the past five years.
The good news is that there are more sophisticated specialty crypto coins that have a great deal of upside.
For example, one coin connects financial institutions via its blockchain in order to provide cheap transactions in developing markets.
Another is a decentralized cryptocurrency that focuses on privacy. It is secure digital cash operated by a network of validated users. Transactions are confirmed by distributed consensus and then immutably recorded on the blockchain.
There is even one that acts like a 3X leveraged ETF — meaning if ETH goes up $10, you make $30.
I’ve identified six of these cryptocurrencies in total that I believe could have a big run in the next few years. When Bitcoin dropped from $63,000 to $29,000, it provided an entry point. It is up a staggering 62% since that July 19 low.
However, other cryptos have also gone up over that same period. For instance, RLC, an Ethereum token for monetizing and renting computing power and data, is up 100.33%, and it provides a real service and has value.
Another coin I mentioned above is up 114% in the same few weeks. Another one has almost tripled. And on and on it goes.
If you haven’t tried trading crypto yet, give it a try. You can invest as much or as little as you like, and it’s easy, fun, and profitable. We’ve put together a package to get you started. That said, you might not want to wait on this one.
All the best,
Christian DeHaemer Christian is the founder of Bull and Bust Report and an editor at Energy and Capital. For more on Christian, see his editor’s page.
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