Things you can and can't do with crypto
Cryptocurrencies are becoming more and more popular, and many people are starting to use them for everything from trading to investing. But even if you’re new to the world of crypto, there are a few things that you should know about how it works. In this article we cover some things you can and can't do with crypto.
You can love crypto
The best way to express your love for crypto is through your body. You can get a tattoo of a cryptocurrency symbol or any other related design, like the Bitcoin logo.
Tattoos are permanent, so make sure you're committed to whatever design you choose!
If you don't want to get an expensive tattoo, there's an alternative: temporary tattoos! Some companies sell ones that look like permanent tattoos but come off when you peel them off (they even have designs similar to real ones).
You can earn crypto
You can earn crypto by mining cryptocurrency, trading cryptocurrency, staking your coins, or participating in airdrops.
Crypto mining is the process of using specialized hardware to solve math problems for a chance to win new coins. Crypto trading involves buying low and selling high by predicting price fluctuations. Staking means holding your coins in an offline wallet to earn interest on them over time (like a savings account). Airdrops are free giveaways of crypto tokens that you can earn by participating in specific blockchain-based activities (such as joining social media groups or signing up for newsletters).
You can invest in crypto
You can invest in crypto.
Many people have been able to profit from investing in cryptocurrency. However, investors should keep in mind that buying and selling cryptocurrencies can be risky. There may be additional risks unique to cryptocurrency markets that are not applicable to markets for other asset classes, such as equity or fixed income securities.
You can grow your crypto portfolio
As you've probably noticed, the world of crypto is changing quickly. There are now hundreds of cryptocurrencies available for purchase and exchange, and new ones are being introduced all the time. Due to this constant state of flux, it's crucial to diversify your portfolio so that you're not overly exposed to any one asset class or cryptocurrency—and if one part of your investment strategy goes sour due to a hack or other event, your other holdings will help soften the blow.
Here are some tips on how to diversify:
Don't put all your eggs in one basket. You should never invest more than 10% (or 20% if you're feeling particularly aggressive) of your portfolio into any single cryptocurrency—instead, spread them out among multiple assets with different risk profiles and varying levels of liquidity/trading volume so that if one token tanks, its loss won't have too much impact on your overall wealth;
Keep an eye out for promising altcoins while they're still cheap. While it's true that some coins do gain value faster than others during their initial rises (like Bitcoin did), there are also plenty whose prices fall sharply after launch--but these can still be good investments if you buy at just the right moment before they become worth less than half as much again (aka "buy low").
You can believe that crypto is the future of finance
You can believe that crypto is the future of finance. It's a new asset class that is here to stay, and one that can solve many of the problems plaguing our current financial system. As time goes by, we will see and experience the benefits of the blockchain technology and how crypto can help us to get there.