Leaders in the crypto realm like Voyager, FTX, and Genesis, have collapsed, been charged with fraud, and are going through bankruptcy. What is the safest cryptocurrency for those who intend to stay engaged and invested in crypto going forward? https://youtu.be/ypE3FDr7Cwc

1. By: www.ProfitableInvestingTips.com

2. Long term cryptocurrency investors have a problem.
They believe, despite a severe crypto winter, that
crypto is here to stay, will be a viable long term
store of value, and belongs in their investment
and/or retirement portfolio. Their problem is that
not all crypto investments have been secure.

3. Leaders in the crypto realm like Voyager, FTX, and
Genesis, have collapsed, been charged with fraud,
and are going through bankruptcy. What is the
safest cryptocurrency for those who intend to stay
engaged and invested in crypto going forward?

4. Safety of Cryptocurrency Investments and Intrinsic
Value

5. In regard to investment safety, there are two issues
for which there is little difference, no matter if you
are investing in cryptocurrencies, real estate,
stocks, or precious metals like gold. The first is the
market value of the investment at the current time
and also going forward. Is the investment in
cryptocurrency, gold bullion, farmland, or Microsoft
stock worth its current market value based on
expectations going into the future?

6. In the world of stocks, long term investors use
intrinsic value as a guide. What will be the return
on investment for this stock, property, precious
metal, or cryptocurrency over the years? The
market price of the investment is determined by its
forward-looking earnings. Of late the most reliable
predictor of Bitcoin has been the Nasdaq!

8. Safety of Cryptocurrency Investments and
Investment Viability

9. Here at Profitable Investing Tips we routinely
caution investors to be wary of scams, hyped
investments, and any investment which the person
does not fully understand. Something that has
bothered us for years has been the rapid growth of
crypto coupled with insufficient transparency of the
sort that investors need to make competent
decisions.

10. There is no question that fortunes have been made
(and lost) during the rise of Bitcoin and others from
pennies per token to the late-2021 Bitcoin high of
$67,000. However, the wild price swings in crypto
from 2017 to 2021 had little grounding in the sorts
of factors like the economy or earning power that
one typically uses for investing in stocks.

11. As crypto winter has decimated crypto token values
and weeded out unprofitable businesses, one thing
has been made clear. The business model of way
too many crypto businesses was based on belief in
their own hype that crypto would keep going up
forever.

12. Crypto businesses like FTX that found themselves
losing money resorted to lending money from one
branch of their business to another branch, making
it seem like they had more assets than they really
had.

13. This sort of practice is fraudulent and is the sort of
thing that regulation, like what banks and stocks
are subject to, typically spots along the way to
making an investment niche safe from illegal
practices like Bitcoin wash trading.
So, how do you find the safest cryptocurrency that
you can as you look to the future?

14. Cryptocurrency Safety

15. For cryptocurrencies safety there is short term
protection from market risk and insolvency of a
given token. That sort of protection lies in
stablecoins but only in stablecoins that are tied
directly in value to the dollar, euro, or yen and with
sufficient hard currency reserves.

16. Algorithmic stablecoins are “protected” by computer
algorithms that seek to modify trading of the token
in order to protect its value. That kind of “safety”
has proven to be false in crypto winter. Two
crypto tokens that are backed by dollar reserves
and are denominated “at parity to” the dollar are
TrueUSD (TUSD) and Tether (USDT).

17. Cryptocurrency Growth Potential

18. Successful long term investors find investments with
long term growth potential. It is our considered
opinion that long term growth in crypto lies in
practical uses of the blockchain, crypto tokens,
non-fungible tokens, decentralized finance, and
the Metaverse. The best and safest crypto
investment we currency see for the future is
Ethereum and the Ether token.

19. We believe that the era of wild crypto swings in value
will be extinguished as regulation takes hold. The
profit in the crypto realm will be in practical uses.
This brings to mind the old saying from the
California gold rush days, “When everyone is
looking for gold, it's a good time to be in the pick
and shovel business.”

20. For more insights and useful information about
investments and investing, visit
www.ProfitableInvestingTips.com.