Cryptocurrency investment strategy

in #cryptocurrency8 years ago (edited)

One way that I'm considering diversifying within the cryptocurrency space is to invest in sectors. For example, rather than trying to pick winners out of the vast array of cryptocurrencies, I'm going to pick certain sectors and invest in several coins within those sectors (granted the currencies are fundamentally good ideas with intriguing use cases). Examples include:

Decentralized storage:

  • Storjcoin (SJCX)
  • Siacoin (SC)
  • MaidSafeCoin (MAID)

Privacy

Social media:

  • Steem (STEEM)
  • Synereo (AMP)
  • AKASHA (AETH) - (not available yet; if/when they do a crowdsale)

etc.

These are just examples. The idea being a couple might not do much, but one of them could hit a home run. More likely, if one does well within a sector, they probably all will (to some extent) as other investors seek to diversify into that sector as well.