Crypto has taken off as a new asset class. Its success is due to its lack of correlation with other asset classes, meaning that cryptocurrency holdings and traditional investments do not move in the same direction. It also offers low transaction costs and quick transactions so it’s an attractive way for investors to diversify their portfolio while taking on minimal risk.
The future looks promising for the crypto market, with predictions of lower transaction fees, wider acceptance by retailers (e.g. Amazon), and more applications for cryptocurrency, including in the financial sector.
But one thing is certain: the market is volatile. It’s one of the biggest risks to owning cryptocurrencies today and an obstacle for mainstream adoption. In this article we look at how you can level up your crypto portfolio. Let’s get started!
Before you can level up your crypto portfolio, you need to learn the basics of cryptocurrency.
One way to do that is by reading a Crypto Beginner’s Guide. There are many Crypto Beginner’s Guides available online so you can take your pick.
The first thing to know is that cryptocurrency is not issued by governments or banks – it’s decentralized. Think of it as digital cash. So, you can buy and sell cryptocurrency like any other asset class and expect the price to go up and down.
If you’re reading a crypto beginner’s guide, you’ve probably heard that ‘crypto is risky.’ That’s true.
It’s the volatility that brings opportunity (more on that later), but don’t let the risk put you off. If you’re going to invest in cryptocurrency, do your research and learn about it as much as possible before putting your hard-earned money in it.Continue reading “How To Level Up Your Crypto Portfolio In 2021”