Are you sick of hearing your friends and family discuss cryptocurrency and feeling left out? You are certainly not alone. But, guys, it’s time to confront the truth. Before missing out on the next big thing, it’s time to join the cryptocurrency movement. Warren Buffet once remarked, “Risk is the result of ignorance.” So let’s plunge in and educate ourselves!
First and foremost, let’s discuss Bitcoin. Bitcoin is the OG of cryptocurrency and has experienced huge price fluctuations, but it is not the only game in town. Ethereum, for instance, has made headlines with its smart contract technology and its value has increased dramatically over the past few years. In fact, Ethereum’s value increased by 466% in 2021 alone. That’s not that bad, is it?
Yet, there is more! Are you familiar with Binance Coin and Cardano? These are just a few more examples of cryptocurrencies whose prices have gone up a lot in recent months. The value of Binance Coin, for example, increased by 1,000% in 2021. Exactly, one thousand percent! Meanwhile, Cardano, dubbed the “Ethereum killer” due to its unique blockchain technology, has been making headlines.
Now I understand what you are thinking. Yet, isn’t crypto risky? Obviously, it is. But, as Buffett also stated: “Cost is what one pays; value is what you get.” In other words, if you do enough research and invest wisely, the possible returns may be greater than the risks. Plus, with more and more companies and institutions starting to adopt crypto, it’s becoming increasingly mainstream. Heck, I’ve seen crypto ATMs at small marketplaces in tiny towns in the Midwest.
Then, how do you begin? First, you need to do your own research to find out if cryptocurrencies fit with your investment goals. Start investing by making an account on a reliable cryptocurrency exchange like Coinbase or Binance. Don’t invest more than you can afford to lose, and always make sure to spread out your investments.
In conclusion, cryptocurrency is no longer a specialized asset class. It is a good asset class that any serious investor should consider. “The best investment you can make is in yourself,” So, take some time to learn about the crypto industry and start making smart purchases right away. Who knows? Maybe you will become the next crypto millionaire!