Cryptocurrencies, led by Bitcoin’s fall from lofty heights, have led many investors confused about investing in cryptos.
But, as is the case with stocks, big rises in cryptos can often lead to big declines. It’s happened before and it will happen again, no doubt.
Cryptocurrency is a digital asset designed to be used over the internet, according to Coinbase. It’s decentralized, meaning it isn’t controlled by the government or any other central authority such as a bank.
Investing cryptocurrencies is a different beast than investing in stocks or mutual funds. Cryptos are a lot more volatile.
But if you don’t want to miss the boat, investing experts say it’s wise to invest up to 3% of your total portfolio in cryptos.
INVEST IN CRYPTOS AT CRYPTO.COM
The recent meteoric surge in Bitcoin has opened the eyes of many investors to the more than 100 digital currencies. Dogecoin and now Shiba Inu have been taking off recently but are now coming back down to earth.
Not every online broker allows you to invest in cryptocurrency. One way is through Crypto.com. You can join over 10 million investors who buy and sell cryptocurrency.
Like with any investment, investors should invest with caution as cryptocurrencies are very volatile. Investors may lose a part or all of their proceeds.
Other places to trade cryptos such as Bitcoin, Ethereum, Tether and Litecoin are:
Others are Gemini and Robinhood.
This news is republished from another source. You can check the original article here.
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