Since the emergence of Bitcoin in 2009, the theme of cryptocurrency has attracted adventurers and entrepreneurs. However, even ordinary people are now considering this investment opportunity.Those who have money and leisure are usually their fans Anonymous betting Willing to buy cryptocurrency for profit. If you are also interested, you may want to know whether now is the right time to make this investment and what is the best way to invest.
If you are not familiar with cryptocurrency themes and have a lot of questions, then you have come to the right place. If you want to know whether you want to invest in cryptocurrency in 2021 and what is the best and safest method, please be sure to stay on this page.
Should you invest?
This is a question that many adult citizens have. Unfortunately, there is no definite answer to this question. This is simply because, like other investments, cryptocurrencies are unpredictable.
However, although only 14% of American adults own cryptocurrency, approximately 63% of Americans are curious about cryptocurrency. This is based on the 2021 report completed by the cryptocurrency exchange Gemini. If you are also curious about encryption, here are the basics you need to know.
How secure is cryptocurrency?
Cryptocurrency is one of those “high-risk, high-return” investment types. Investing in cryptocurrency is more risky than investing in ordinary stocks.
The main reason for this is that no one knows for sure whether cryptocurrency will become part of our society in the future. Of course, this does not mean that this investment cannot bring you a lot of money. However, before investing, you should consider how much risk you can tolerate.
If you are not adventurous, maybe this is not your cup of tea. This is especially true if you are not worried about unpredictable fluctuations.
For example, Bitcoin has lost approximately 80% of its value in the past, while Ethereum has lost nearly 95% of its value in a year. This can be very stressful, and if you don’t have the courage to do this, you may not want to invest in crypto. However, if you find it both exciting and interesting, then buying cryptocurrency may be the best decision you make.
How to invest safely?
If you want to invest in crypto, you must be careful. In other words, only invest in losses that you can afford. Also, try to establish an emergency fund to help you survive when cryptocurrency prices fall. No matter what you do, try not to sell your crypto tokens when the price drops.
Photo by Priscilla Du Preez on Unsplash