Crypto Should you invest Money in Crypto?

[raaman]

Today, it is very easy to purchase cryptocurrency. There are several crypto exchange platforms, where users can sign up and purchase Bitcoin or other cryptocurrencies like dogecoin, or Ethereum, or the blockchain project Matic that is made in India.

Token is the market term for a listed cryptocurrency. Bitcoin and Ethereum are the maximum valuable tokens in the crypto market, and most such crpto platforms have more than hundred such tokens that can be purchased by retail investors, i.e. the general public.

All through the COVID-19 pandemic, people were looking for new ways to make some extra money. They started investing their existing funds in the stock market and also in the crypto exchanges. It is because unlike stock markets, crypto exchanges are open 24/7.

 

[Rizki july]

Yes it is very good, we need to invest, Meet trading risks

 

[Sherman198]

Investing your money in cryptocurrencies should be a matter of choice, though it should be a reasonable choice though cos not all investment brings more profits, some investment can bring losses and that's why we need to make thorough research about anything we want to invest in, especially cryptocurrencies.

 

[minenovo]

I think, if you do decide to invest money, you should only invest what you can afford to lose.

 

[Chibson]

Investing in cryptocurrency is a very good decision in 2021 and a lot of people are really doing it but before you do that it is important you make enough research on your own. There are also new projects that you can invest on and make a whole lot of money within the next few years.

 

[Yugocean]

All investments should be limited, we cannot put all balls in one basket. Crypto is the important chain, time has changed too today is digital era and soon it will rule the world till some better technology dethrone it. Everyone is investing in crypto, one must have some for the same.

 

[btaliat]

Investment on crypto is a good choice but we need to take into consideration some factors before we invest in crypto. These will guide us while investing because investment is all about risk.

There is need to consider the fact that crypto is volatile. There is nothing stopping us from investing big if we know how to scrape through the volatility level of crypto. Volatility is what makes crypto profitable.

There is also need to know the different types of coins that we have and the ones that are good to invest on. We have more than 60000 coins but less than less than 1000 coins are good for trading and investment. There is need to know how to identify the better ones among all these coins to avoid lost.

If we don't know technical and fundamental analysis, we don't need to go into crypto. The knowledge of these analyses always make us achieve more with crypto. Though, these analyses are not always accurate but they are pointers to good prediction.

Then there is need to know how to handle greediness and fear. These are the two factors that always come in betwen the traders and its profitability. Anyone that wants to make much profit needs to know when to sell coins and when to hold on to it.