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Hi, it’s Gabriel Jarrosson! Today I will answer the question: what is the best cryptocurrency for a long-term investment but before you start click on the “subscribe” button to subscribe to the YouTube channel and not miss any videos. It’s just below the video and then you have one in the corner here or there. You click on “subscribe” so you subscribe to the YouTube channel. So obviously what I’m going to say here is only my personal opinion, the world of crypto-currencies is evolving hyper quickly so it is very possible that this video at the time you watch it is already obsolete. Here we are at the end of October at the beginning of November 2017 and again it is only a personal opinion since anyway the answer no one knows it. You can’t predict the future and you don’t know. But I’ll still give you my opinion. So my opinion is that the best investment for a cryptocurrency for a long-term investment is Bitcoin quite simply. So you say ah well all this for that, all this for Bitcoin, it’s stupid. What for? Let me explain. So first, there are many many crypto-currencies of others, of what are called Altcoins so other than the main ones, thousands, it is created every day here and there are some among these crypto-currencies that will have an absolutely dazzling growth as has experienced Bitcoin today, as has known Ethereum after and so if you have the chance to fall on the right one among these thousands and thousands of cryptocurrencies, you can make a added value probably absolutely huge. But again you have to have the bowl stroke to fall on that one, finally the bowl shot or that you felt that this was going to happen. I just took say the 10 biggest cryptocurrencies or the 5 biggest cryptocurrencies and I even actually looked mainly between Bitcoin, Ethereum, Litcoin, Neo eventually, that kind of thing. Why is my answer Bitcoin? Several elements. First, it is the one that is the most democratized in the ecosystem today and we must not forget one thing is that a currency has what is called a liberating power, that is to say that you can do something with it, you can use it, you can spend it to buy something and today there are not many physical places or websites that accept crypto-currencies but those that do essentially accept Bitcoin only and not another. And so this is very important if we want Bitcoin to establish itself over the very long term and become really a crypto-currency, really become a currency that we use on a daily basis, it must be accepted. Today websites and physical places that make the transition to crypto-currencies, in general they do not say “well we will accept Litcoin or Ether or whatever, we will accept Bitcoin.” That’s a first thing, a second extremely important thing, you surely know if you are interested in Bitcoin, there is a limited amount of it and it will never move. The main competitor obviously for this video would have been Ether, Ethereum but Ethereum there is not a limited amount. So in fact there is a quantity produced that is always the same, which makes it decrease compared to the total quantity but there will always be new Ether forgiveness that will be created while the Bitcoin at 21 million we stop forever. And so and of course, it’s like gold, when there will be a limited quantity but imagining that 10%, 20%, 30% of the population turns to Bitcoin, well its price will absolutely absolutely explode and that does not mean that the price of other crypto-currencies, of all Altcoins will increase so that’s the second reason. And then the third reason, which is maybe actually the first, I could have started with that but it’s that they simply have what is called the “first mover advantage” so the advantage of being the first. They are simply the best known today, the most widespread, it is those where there are the most people today who use it and simply finally every time other Altcoins develop, Bitcoin also continues to develop in parallel and therefore it has a kind of advance that the others for the moment have not managed to catch up even if indeed for example Ethereum today has a lot of users but it still has less than Bitcoin to my knowledge. And so it makes that being the first, being the oldest gives him a huge head start that today almost 10 years later, no one has caught up and so it is quite possible that no one will ever catch up. This is why in my opinion Bitcoin is the best investment in cryptocurrencies in the long run. Again this is a hyper personal opinion and there is a 99% chance that in 6 months, 1 year, 10 years, we will realize that I said anything?. I have tried to provide my answers with my arguments. Do not hesitate to tell me in the comment of this video what you think, if you agree, if you do not agree. Obviously if you do not agree, and well tell me your arguments it interests me, we can even exchange, debate on the subject. And if you liked this video, don’t hesitate to subscribe to the YouTube channel, put a little like, possibly put a comment saying “great Gabriel, I agree/ I don’t agree.” Obviously in addition to this video, you are free to receive my winning investment criteria for free with the link I put in the description of the video just below, you click and receive them directly by email. And here I tell you very soon for another video, ciao!
