Iconomi Platform is one-stop-shop for all crypto-related investments across altcoins. Most people think of bitcoin when they talk about crypto as an investment class. Over the last few years, blockchain technology has made rapid progress and so has the crypto market evolved.
It becomes a daunting task to invest because it is something with which most people are not very conversant with and secondly the asset class is very volatile.
Let’s put down some tenets for investing in crypto?
- Bitcoin is just one part of the cryptocurrency universe
- It’s a very volatile asset class
- We should add only a small portion of our wealth to it.
What is the various alternative to Bitcoin?
In terms of market, capitalization Bitcoin is a heavyweight if you own that you are invested in 65% of the market, but in terms of number, there are more than 3000 alternate currencies. Some of them have great utility and hence they are increasing in value while some are duds going up on speculation .
What we are often exposed to and aware in general is about the currency which comes under the category of Cryptographic Assets
Also, with the help of this graph, you would be able to understand where the different cryptocurrency fans are under with the help of this map.
Cryptocurrency can be grouped into four main classes which are; transactional cryptocurrency, utility cryptocurrency, platform cryptocurrency, and application cryptocurrency.
- Transactional Cryptocurrencies
This is the category that cryptocurrency is originally intended for. The most popular of them all is without a doubt Bitcoin. The intention of this cryptocurrency is to remove the control of central authority and cut out the middleman in our day-to-day transactions.
- Platform Cryptocurrencies
This category creates a form of bedrock that facilitates the operation of other decentralized applications. Examples include Ethereum and NEO. Ethereum & NEO allow the creation of smart contracts, with Ethereum being the most widely used smart contracts platform to date. Platform cryptocurrencies provide the foundation as well as buildings blocks that allow the swift development of other decentralized apps/cryptocurrencies
- Utility Cryptocurrencies:
A utility cryptocurrency is a cryptocurrency designed for a specific purpose. Siacoin is one of the notable examples. Siacoin is designed to facilitate a decentralized storage network which is a fairly unique concept and novel application of blockchain technology.
- Application Cryptocurrencies
Application Cryptocurrencies refers to the class of cryptocurrencies that were based upon the platform cryptocurrencies
How to start investing via ICONOMI?
2 things I consider while investing in crypto
- To be able to diversify across multiple crypto assets
- Reduce loss if a market crash happens.
To address the first part I have decided to put 30-40% in Bitcoin and the rest in another cryptocurrency that has huge upside potential. How do I find that?
As of now, I am investing in Iconomi Platform. It is one of the first platforms where multiple crypto portfolios are available where retail people can start investing from as low as 10$.
Crypto Strategies are managed by experienced investors – ICONOMI Crypto Strategies Experts. You can add funds to your account and follow the Iconomi crypto strategy with just a few clicks.
While Iconomi is taking care of the complexity behind the technology, users can add funds/follow (invest) in or create their own Crypto Strategies in just minutes.
Iconomi Platform provides a simple and elegant user interface while relieving the users of the complexities that deal with multiple exchange accounts, setting up complex orders, transferring cryptocurrencies from one exchange to another, trading, storage, pricing, etc., thereby providing a superb user experience. Everything is done on ICONOMI platform, with you owning only one account
Ionomi Crypto Strategy- Which one to choose?
Crypto Strategies are a great entry point for beginners, for those who would like to invest their money into cryptocurrencies, but are not sure where to begin. That is where Crypto Strategies managed by ICONOMI Experts come in handy. ICONOMI Experts choose the cryptocurrencies and adjust the strategies depending on market conditions, while followers (investors) can sit back and track their investments anytime and anywhere. It’s like a mutual fund for crypto.
You can choose to invest in a passive index: Like a top 20 crypto or more active index.
I have invested in the Crypto Crush fund by Victor Lai, crypto researcher, and owner of a very popular crypto blog. I also have some portion allocated to CARUS AR Iconomi Crypto Strategy.
You can register for Free here: Iconomi Platform
For investing you have to use Wazirx Free Crypto Trading Link to transfer the crypto if you are based out of India or any other crypto wallet used in your country:
Iconomi Platform accepts: USDT
To protect downside risk I have created a hedge using my Deribit account . Post on Hedging Strategy,Deribit Review- Bitcoin Hedging
Iconomi Review- Experience of 1+ Year
I have completed almost one year with Iconomi. I am happy with the performance. My current portfolio is close to 1000% up without me putting any effort in researching altcoins!!
- Allocate small amounts to crypto funds to take exposure to crypto other than bitcoin. You can take a passive approach(Index) or active(Fund).
- Bitcoin hedges can be taken from Deribit platform where bitcoin is used as a margin.
- We tried looking for Iconomi alternative but couldn’t find reliable platforms. Hence, it is a one of a kind platform that is a must-try option for any crypto investor.