Crypto investing
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First, you do some research and determine what is the best cryptocurrency to invest in. That’s the hard part. You’ll analyze price histories, study the currency’s white paper so you can evaluate its niche in the market, and you’ll try to account for events like government regulations and celebrity endorsements. Some investors look for cryptos with a long track record of returning value, while others prefer newcomers to the market because their value could explode quite quickly. Deciding which crypto to invest in is both an art and a science. There’s a reason that even the most experienced professionals lose money on some investments. Cryptocurrency investment Fidelity CryptoSM
Crypto invest
But here’s the million-dollar (or million-bitcoin?) question: Should you invest in cryptocurrency? Despite what every loudmouth on the internet yells at you from their digital soapbox, buying cryptocurrency isn’t a safe bet for your investing future. Russell 2000 Futures Helene is a U.S. markets reporter at CoinDesk, covering the US economy, the Fed, and bitcoin. She is a recent graduate of New York University's business and economic reporting program.
Best Crypto: Marketing, Maxis, and Memes
It’s best to get a good understanding of cryptocurrency before you buy, so check out our beginners’ guide to cryptocurrency for additional information. Cryptos are a relatively new phenomenon, so there’s plenty still to learn—including the ins and outs of crypto wallets, NFTs, and blockchain technology itself. Auxiliary Header Don’t give in to a craze just because there’s a lot of hype. We’ve talked to people who have taken out a mortgage or cashed out their entire 401(k) early to invest in cryptocurrency—heck no! Don’t put it all on the line and risk your financial future, your retirement dreams and your family’s well-being. If you can’t afford to lose the money, don’t invest it in something as unstable as crypto.