Investing in cryptocurrencies.

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Avatar for Donkzang
3 years ago

Since the beginning of the Bitcoin economic revolution (BTC), by an anonymous character who calls himself Satoshi Nakamoto, who has been witnessing the creation of other digital currencies, in order to improve the system that already contained the Bitcoin, in order to offer improvements in relation to the commissions, platform, usability and justification of the project.

So many people have been motivated to the general investment of cryptocurrencies, but not everyone knows the importance of receiving the financial education of it. Both for people new to this world, and for those who have already been included in the market, we must be aware of the purpose of investing in x cryptocurrencies, and know the risks involved.

Therefore, it is necessary to mention that for every individual, who is new to this ecosystem, he or she must first know about the projects of the different cryptocurrencies, and what would be their objective in the short, medium and long term. Well, we have to take into account that the market has an infinite number of cryptocurrencies that do not have any specific project, and are simply used to speculate on their prices.

On the other hand, it is necessary to define what type of investor the person is going to be. In my opinion there are two types of investors; traders who have knowledge of the markets, when speculating with certain cryptocurrencies, when doing operations with a previous study of the charts, and investors who do holding; which consists of investing in feasible and concrete projects of cryptocurrencies in the long term.

This is how we have to stop being emotional, and know more about the market, because it is not just for the simple fact of having heard or read some information about cryptocurrencies, about which they will have much more value in a certain time, but to know the real purpose and project of these digital currencies. 

And finally it is advisable for anyone interested in investing in this market, that you never take a risk with the money you need, the most appropriate thing is to save and study which currency has a good return on investment. Because we must know that in the world of cryptocurrencies, and as well as in the stock markets, volatility, is a measure that can constantly alter prices, both for the rise or fall of the value of any currency.

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$ 0.16 from @TheRandomRewarder
Avatar for Donkzang
3 years ago

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