Hi guys. I'm looking to invest a couple of thousand dollars in cryptocurrency. I'm not a trader and would like to invest in currently undervalued alcoins with the best potential for the long term growth. Have been reading up extensively and following the markets but still not sure if now is the best time to enter.
Thus requesting an insight from you: invest now or wait and see what the August brings? And what are the possible scenarios for altcoins it can bring?
Well many altcoins that has potential will be more expensive in the future, they are litecoin, dashcoin, ethereum classic, ripple and another altcoins that has large amount of capitalization you can check on here
https://coinmarketcap.com/But the best strategy investing into altcoins is never put all of your money in one altcoins, you can make investment on couples altcoins include invest in ICOs, it will gives maximal profit from your investment.
Yes, many people investing into single coin and concentrate profits only with it. But it is completely wrong because we to find which altcoin will give you more profits in future and invest them into those. Don't keep all your eggs in one basket, try to divide them into a different altcoins which is good and reputable in the market.