Welcome to the Top 10 Cryptocurrency Index Blog. Over the past year (2017), cryptocurrency grew from a market cap of around $17B to over to $550B. That represents an over 30x increase in value.
While there is a tremendous potential upside in the cryptocurrency market, there is also a significant amount of risk.
I started investing in Bitcoin in 2013 and saw my investment rise, crash, and rise again. This past year, I saw that initial investment grow over 10x and I also started diversifying into other alternative coins (alt-coins). Ultimately, I ended up owning all of the top 10 cryptocurrencies (by market capitalization) listed on CoinMarketCap.com, as well as some others. Although not all of them have increased in price, as a group, I have seen significant returns.
As such, I want to share my experience so others can get more information and learn how to invest in cryptocurrency and hopefully see a return on their investment. That being said, I would be remiss if I did not warn you that investing in cryptocurrency is SUPER risky, mostly unregulated, a pain to do, and has a decent probability of resulting in 100% loss of anything you invest!
If you are still interested :-), this blog will walk through step-by-step how to invest in cryptocurrency, and in particular how to diversify your investment over the top 10 cryptocurrencies. Every week or so, I will post a new blog post with detailed instructions on the next step with the goal of purchasing the top 10 cryptocurrencies in the first quarter of 2018, and then purchasing any new cryptocurrencies that enter the top 10 throughout the year.
Join me in this crypto-journey and let me know at firstname.lastname@example.org if there are any specific topics you want me to cover.
Thanks for reading and look forward to new posts throughout the year.