Crypto currency is the future of money. It’s not a scam, it’s not a fad, and with the right knowledge and research you can make money with crypto currency. So let me explain what it is and how to invest wisely in it.
First off, Why crypto?
Crypto, short for cryptography, comes in all shapes and sizes. There are hundreds of different types of crypto currencies that have been created since 2009 when Bitcoin was first mined. Cryptos can be traded as currency and they can also be used to make payments or transfers. Some cryptos are coins and others are tokens so it’s important to understand the difference between them before you purchase any crypto currency.
Crypto has gained a lot of attention over the last several years because it offers an alternative investment opportunity outside of traditional investments like stocks and bonds which have historically provided lower returns than inflation. Cryptocurrencies allow people who aren’t necessarily wealthy enough to invest in real estate or other assets with high liquidity to participate in the market without needing a large amount up front or any specialized knowledge about investing at all!
How to know who to trust.
When it comes to investing in crypto currency, you need to consider a few things. The first thing you want to do is do your research and know who you are dealing with. Before investing in any crypto currency make sure that the company is regulated by a reputable agency such as FINRA or SEC, they should also be transparent about their business practices and have a good reputation within their industry. You should also look at their return on investment and see if it makes sense for you before committing any capital into this type of investment vehicle.
Lastly, do not trust anyone blindly! If something sounds too good to be true then most likely it is not true at all! There are so many scammers out there trying to take advantage of people who don’t know what they are doing so always remember that when making an investment in this type of asset class you must do lots of research before placing any money into your account.
What is a good price to start at?
The first thing you should do is start small. Don’t invest more than you can afford to lose, or even better, less than that amount. The cryptocurrency market is volatile and there are still many unknowns in the space. Starting off with a small investment is smart because it prevents you from making rash decisions based on fear or greed and allows your money to grow over time while still giving you some exposure to the market.
Start with an amount that feels comfortable for you, such as $100 or $500; depending on how much risk tolerance and financial flexibility you have.
Is now the time or should I wait a bit?
I think now is the perfect time to invest in cryptocurrency. The market is still young. If you look at the history of cryptocurrency, you will see that it has been going up and down over time. In fact, if you look at Bitcoin’s price chart since 2009 when it was created, you will see that there have been several times where Bitcoin dropped by 50% or more. But then each time it went back up again!
Why are you doing this?
Well, let’s be real—you’re probably reading this because you’re interested in crypto currency. And I’m writing it because I want to help people understand crypto currency. But let’s say you are looking for a way to make money from the crypto space…
So here’s the deal: if you want to make money from cryptocurrencies, then my number one advice is not to listen to anyone who says they can tell you where prices will go next week, month or year (and certainly not any of those people who claim that their system will pick winning coins). You should instead focus on understanding the basics of how cryptocurrencies work; what makes them valuable; and how they might have value as an investment. Once you have an understanding of these things then try buying some different coins and see which ones best suit your needs (for example if there’s a specific coin that has been working well for other people but hasn’t yet been listed at any exchanges near where you live). Once again though – don’t expect any overnight success!
Always, Do Your Own Research!