Hi guys I'm back and lets talk about why newbies like me or you should invest in crypto world!
Investing at cryptocurrency could be a good investment or it could be not. That is true for cryptocurrency in general and likely for you as a person as well.
With cryptocurrency being young, and the market being always volatile, there is no yes or no answer about the world of investing in cryptocurrency. It is with this in mind that we cover some pros and cons and friendly advice but to know more about investment you can go through a very reliable platform like Binance.com where you get double of what you invested within a week give them a try and you will surely thank me latter.
How to invest in cryptocurrency:
If you want to invest in cryptocurrency, and not just buy, sell, or trade, then you have a few options. New investors can choose between sold on the stock market, a cryptocurrency IRA (we don’t want to recommend one until we have reviewed them), or an exchange-broker-wallet hybrid like which allows customers to buy/sell actual cryptocurrency. Each option has its pros and cons, but notably, only an exchange-broker like Coinbase/GDAX allows one to trade and invest directly in cryptocurrency. Learn more about .
General advice:
With the above said, please note that they don't have offer professional legal, investing, or tax advice on this site. With that in mind, the best advice is to be prepared to lose every penny you invest in cryptocurrency, it probably won’t happen, but it could, and you need to go into the cryptocurrency with some stored up resilience. If, with that warning, you want to ease into cryptocurrency investing. Consider taking no more than 1% of your investable funds, and then keep it simple to start, and then consider easing into other options like online cryptocurrency exchanges or even . Also, consider dollar cost averaging (taking your funds for the year and buying weekly or monthly on lows). This will help you buy the average price of an otherwise volatile market. Sure, you can jump right in, but if you time the market wrong, you could be in for an unnecessarily tense roller coaster ride.
TIP: The least risky coins are usually the coins that have been around the longest and have the highest market cap and highest volume. Anything other than Bitcoin, Litecoin, or Ethereum is riskier than those three. Of those, Bitcoin is the current top coin for longevity, market cap, and volume. It is notably also the most expensive.
Thanks for reading guys!
