There are literally thousands of cryptocurrencies in circulation today. However, most of them are pointless, meaningless, provide no true utility or value, and will likely cease to exist one day.
For investors new to cryptocurrency, it can be difficult to navigate this maze -- especially when it seems that every other week, some obscure cryptocurrency hits the market and produces a near-immediate return. While it might look attractive, chasing after these "wannabes" is not sustainable for long-term success.
Despite the multitude of cryptocurrencies in existence, there truly is only one that needs to be a part of your portfolio -- Bitcoin (CRYPTO: BTC). This strategy might not win points for originality, but investing should be simple. By purchasing Bitcoin, investing in the convoluted mess of cryptocurrencies becomes navigable and straightforward.
Source Fool.com