Should you invest in Cryptocurrency?
While “old school” people take their savings to the bank to put them on deposit at a small interest rate, it is more advanced to invest their money in cryptocurrency, because they know this asset will bring a good income with no other investment assets to provide.
Way back in 2009, investors who believed in Bitcoin bought it for a few dollars, or even cheaper. Now they have billions of dollars in their accounts, and the Bitcoin rate has grown thousands of times compared to its original value.
Many of these cryptocurrencies are more affordable to buy than Bitcoin. It’s up to you to be worth investing your money, but you shouldn’t forget about the risks. After all, some cryptocurrencies appear today, and tomorrow they can also easily and quickly disappear, which will bring investors, even minor, but still losses.
Which cryptocurrency is best to invest?
You have ways to invest in cryptocurrency. This is great, now you just decide which cryptocurrency is worth investing. After all, it’s no secret that investing in cryptocurrency is not only a possible income, but also less risky. If you’re just starting your way to investing, and you have enough money to buy the most popular cryptocurrencies, it’s best to focus on digital assets in the top 10 by capitalization.
They are more expensive, but at the same time, more stable, and their price does not collapse so strongly this can happen without knowing altcoin. Make a choice in favor of the most popular crypto assets - Bitcoin, Ethereum, Bitcoin cash, Lightcoin, Dash, Ripple.
And isn’t investing in cryptocurrency too risky?
Any investment activity is risky, and buying cryptocurrency is also no exception. However, even if you put money as a deposit in a bank, no one will give you guarantees that your bank will not go bankrupt.