InvestingHaven’s research team went through this regular process of updating cryptocurrency charts in its crypto investing service. Interestingly, the entire crypto space is in the process of confirming a huge U-turn. That’s why we worked out a new crypto investing strategy for 2020 and beyond. It is clear that 2018 and 2019 were years in which crypto investors had to hold on, and accumulate on the dips. That’s exactly what our crypto research indicated, and how we guided crypto investors (members). However, the coming 24 months will be about being smart in riding the grand secular crypto bull market as indicated in our 7 cryptocurrency predictions as well as our XRP prediction.
One of the crucial success factors is to choose to wisely choose the right cryptocurrency to be invested in for a long term crypto portfolio.
Sounds simple? It really isn’t for the vast majority of investors.
Per our 1/99 Investing Principles the majority of investors is emotionally tied to their cryptocurrency holdings which is great for the value add cryptos but a disaster for the ones that have not proven to add value.
That’s why now is the re-evaluate a crypto portfolio.
Why now?
Because the next bull market is underway. It might even play out similarly to 2019: the first quarter a base building, the second quarter a giant breakout, and then retracement and/or stabilization. More likely though we expect a longer rise and less retracement in 2020.
If anything choosing the right cryptocurrency is imperative now. Looking at for instance the Ethereum chart we believe that it is one of the cryptos not to hold. This chart is a mess, and it reflects the lack of fundamental strength in this crypto in our humble opinion.
One could argue that same about our top holding XRP. However as explained in great detail in our we consider XRP to be THE most contrarian crypto play of this decade.
Want to know more about our new crypto investing strategy for 2020 and beyond? Sign up now, and receive a crypto alert on Monday January 13th, 2020.
