Bitcoin, Ethereum, and Litecoin

This year may be remembered as the year of Cryptocurrencies. While Cryptocurrencies have been around for some time, I would argue it was in 2017 when they reached a ‘tipping point’, becoming something more than a niche, alternative investment.

Where’s the proof? Year to date, Bitcoin has increased 370%, Ethereum has increased 2940%, and Litecoin increased 1650%. Comparatively, the S&P 500 has increased 10%. Produce returns +30X the benchmark and Investors take notice.

So how might you invest in Cryptocurrencies? I recommend using Coinbase and its sister exchange GDAX.

On both sites, you may purchase Bitcoin, Ethereum, and Litecoin. Coinbase charges a brokers fee, though locks in the price at the moment of transaction. Using limit orders on GDAX, you can avoid the brokers fee, though you will be subject to the changing market price as the order is filled throughout the day. For individual investors, both Coinbase and GDAX limit the amount you may purchase within a given a week, which could be seen as a drawback.

Curious to learn more, check the videos below.