Buy low, sell high.
That`s the golden rule for any financial venture including buying crypto. Cryptocurrencies is one of the world`s most widely investments, in part, decentralized around the world. That makes coins a good investment and a fairly stable one.
In order to buy coin commodities and make a profit, you`ll need to take into account how a variety of real world factors might affect prices before you actually go through the purchasing process. That`s why e-coinV here to help and assist you.
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 the GBTC trust 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 Coinbase/GDAX 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.
Cryptocurrency is, despite all its risks, perhaps the most exciting asset of the 21st century. A decentralized digital currency that works on the very interesting and likely here-to-stay blockchain technology. There are a thousand reasons to be excited about cryptocurrency, but also reasons to be conservative in your investment strategy. Don`t dump your whole 401k into cryptocurrency, but don`t be scared to get a toe wet with a small investment you are comfortable losing (to join in the fun and to learn more now, so you have the know-how later).
If we are in a bubble, and if that bubble pops, then after that cryptocurrency (specifically the major ones still standing) becomes a bet worth considering. The only reason for taking extreme caution is the current potentially high price. If the price goes back down to 2015 levels, then the number of pros will increase. Likewise, if government favors cryptocurrency over the next year, it will help add more pros to the list. The unknowns and high price and volatile market make it risky, but there are plenty of reasons to be excited despite all that especially long-term.