Cryptocurrencies are increasingly becoming a new asset class and option. The technology remains. However, with the immense fluctuation in value, the call for more control is growing. For the time being, cryptocurrencies are only a highly speculative investment for an internet and technology-savvy group of investors looking for high returns.
Investing in crypto: Things to consider
Only invest in crypto if you can do without this money in case of doubt.
As with strongly fluctuating asset classes, it is advisable to invest only a marginal part.
Crypto prices mostly depend on psychology and investor sentiment. Stay informed about what is happening in the crypto market.
Diversification is also advisable with crypto assets. Invest in different cryptocurrencies in addition to traditional assets and equity funds.
Pay attention to contract details when investing in cryptocurrency. Always check the company’s place of jurisdiction for internet trading platforms.