Please disable Ad Blocker before you can visit the website !!!

बात एक मिनट में Ep 6 Crypto Currency Investments

by Money Puzzle   ·  June 8, 2021   ·  

Crypto Currencies are the most popular asset for investments today. However, before we lock it in, let’s take another look.

You can put money in cryptocurrencies but to call it an investment is misleading. At best, putting money in cryptocurrencies is a trade, a short term trade. There are now thousands of cryptocurrencies available, yet just two are worthy of support – Bitcoin and Ethereum. This is because of the security protocols and the way the algorithm is structured, there is less chance of manipulation.

Even for these two, at the moment the only reason for price change is the faith that existing users show for the currency. This means if the majority decides that the value is above the current price, it is likely to go up and if they decide it is below the current price, it will fall. Beyond this faith, there is little fundamental reason for price movement. Thanks to this characteristic of cryptocurrencies, at the moment putting money here, is more trade than an investment. Be careful of risks in this trade and don’t allocate more than 5% of your overall investible surplus towards it.

Also Read:

Leave a Reply

Subscribe To Our Newsletter

Join our mailing list to receive the latest news and updates from MoneyPuzzle.

You have Successfully Subscribed!