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Al asked in Business & FinanceInvesting · 2 months ago

how many crypto currencies are there and which is the best one to invest?

8 Answers

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  • 2 months ago

    There are Thousands of cryptocurrencies. 

    If somehow you’ve heard about the Bitcoin. It is the biggest cryptocurrency - it currently has a 40% share in the total cryptocurrency market cap. It's the oldest one, and it still dominates in the market. So, if bitcoin continues to increase as it did till now, then investing in BTC might be a good idea for 2020.Also, there are too many options for investment other than cryptocurrencies like Indicies, Soft Commodities, Precious Metals, Energy Commodities, Mutual Funds, Stock Options, ETF Trading, and Currency Options/Forex. All of the mentioned investments can trade from one platform, and that is trade99. Before going to visit that site, you must read all the valuable client's trading experience reviews while at trade99 reviews.

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  • Mark
    Lv 5
    2 months ago

    Bitcoin via Coinbase Pro for example. BTC is beginning to skyrocket. The owners of the NYSE have their own currency; FB is coming up with their one, too; in time, major banks will have to follow suit or get left behind.

    Remember, a LOT of the negative press over the past few years is to a) drive prices down, and b) make it seem they are a bad bet, before going in and buying up large/taking over/creating their own coin.

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  • 2 months ago

    Way too many. Bitcoin is probably the safest but all of it is a gamble.

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  • 2 months ago

    Might as well invest in Monopoly Money at this point.  

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  • 2 months ago

    Hundreds, possibly thousands at this point.  

    There is no investment here...they're all just blind bets.  

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  • 2 months ago

    They are all extremely risky and most will eventually be valueless. 

    • tiescore
      Lv 6
      2 months agoReport

      Eventually? Aren't they essentially valueless now except the greater fool affect? 

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  • Sandy
    Lv 7
    2 months ago

    you have to join a cryptocurrency exchange. do a search for one. some are in the U.S. and some are international so make sure you specify. 

    • Casey Y
      Lv 7
      2 months agoReport

      Well, you dont have to join one...but most people cannot conduct crypto transactions without.  My rule of thumb, if you cannot do this without an exchange...dont do it. 

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  • Anonymous
    2 months ago

    AVOID. ........................

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