It’s possible to get filthy rich by Cryptocurrency Investment in 2021. But you could also lose all of your money. How can both be true? Investing in crypto assets is risky but also potentially extremely profitable. But when you have got a good Trader or Tutor.
Cryptocurrency is a good investment if you want to gain direct exposure to the demand for digital currency. While safer, potentially less lucrative alternative is to buy the stocks of companies with exposure to Cryptocurrency.
Despite the inherent risks, cryptocurrencies and the Blockchain industry are consistently growing stronger. Much-needed financial infrastructure is being built, and investors are increasingly able to access institutional-grade custody services.
Professional and individual investors are gradually receiving the tools they need to manage and safeguard their crypto assets.
What Is Cryptocurrency
Cryptocurrency is a form of payment that can be exchanged online for goods and services. Many companies have issued their own currencies, often called tokens. And these can be traded specifically for the good or service that the company provides. Think of them as you would arcade tokens or casino chips.
You’ll need to exchange real currency for the Cryptocurrency to access the good or service. Cryptocurrencies work using a technology called Blockchain. Blockchain is a decentralized technology spread across many computers that manages and records transactions. Part of the appeal of this technology is its security.
Best Cryptocurrencies / Coins
The list of the best cryptocurrencies below is according to the ratings of Forbes lists;
- Bitcoin (BTC) Market cap: Over $856 billion.
- Ethereum (ETH) Market cap: Over $357 billion.
- Binance Coin (BNB) Market cap: Over $70 billion.
- Cardano (ADA) Market cap: Over $69 billion.
- Tether (USDT) Market cap: Over $64 billion.
- XRP (XRP) Market cap: Over $52 billion.
- Dogecoin (DOGE) Market cap: Over $40 billion.
- USD Coin (USDC) Market cap: Over $23 billion.
- Polkadot (DOT) Market cap: Over $25 billion.
- Solana (SOL) Market cap: Over $20 billion.
You can get the full details about the list above from the following link.
What Is Cryptocurrency Investment?
Cryptocurrencies are digital assets people use as investments and for online purchases. You exchange real currency, like dollars, to buy “coins” or “tokens” of a certain kind of Cryptocurrency. Also, you exchange your money for crypto and use it just like real money (at places that accept it as a type of payment).
Investments are always risky, but some experts say Cryptocurrency is one of the riskier investment choices out there, according to Consumer Reports. However, digital currencies are also some of the hottest commodities.
Cryptocurrency Investment App
Here are some amazing platforms for investment.
You can get the full details on these Cryptocurrency apps above by clicking here.
How to Invest In Cryptocurrency
The easiest way to get investment exposure to crypto without buying crypto itself is to purchase stock in a company with a financial stake in the future of Cryptocurrency or Blockchain technology. But investing in individual stocks can bear similar risks as investing in Cryptocurrency. You can get more info here.
A crypto-trader is someone who profits from short-term changes in the market price of cryptocurrencies, altcoins, and value tokens. The goal, of course, is to buy when prices are low and sell when they rise higher. Trading can be lucrative, and many people have made fortunes doing it.
To be a successful Cryptocurrency trader, you must understand the concept of the relationship between reward and risk. The greater risk you take, the greater the reward, but you must be able to see the one that will be more rewarding as a good trader. You can get more details on being a Cryptocurrency trader here.