Is Cryptocurrency a Good Investment? | Mao Lal

Mao Lal is from Berlin, Germany and he is a big investor in Bitcoins. Mao Lal always thinks about being successful in life.  Investing in cryptocurrency could be a good investment or not. That is true for cryptocurrency in general and possibilities for you as a person as well.


With cryptocurrency be young, and the market became volatile historically, there is no yes or no answer about the wisdom of investing in cryptocurrency. It is with this in mind that we discuss some of the pros and cons and friendly (but not professional) suggestions.

How to invest in cryptocurrency:

If you want to invest in cryptocurrency, and not just to buy, sell, or trade, then you have several options. New investors can choose between trust GBTC sold on the stock market, a cryptocurrency IRA (we do not want to recommend one until we have reviewed them), or hybrid exchange-broker-wallet like Coinbase / GDAX which allows customers to buy/sell cryptocurrency truth. Each option has its pros and cons, but mainly just the exchange-brokers like Coinbase / GDAX allows one to trade and invest directly in cryptocurrency. Learn more about how to invest in cryptocurrency.



General advice: Put the above, please note that we do not offer legal, investment, tax, or other professional advice on this site. With that in mind, the best advice is to be prepared to lose every penny you invest in cryptocurrency, it probably will not happen, but it can, and you need to go to cryptocurrency with some of the stored resistance. If with the caveat that, you want to reduce to cryptocurrency investment. Consider taking no more than 1% of your investable funds, and then get your feet wet with GBTC or Coinbase. 

Keep it simple to start, and then consider reducing to other options such as online or mining cryptocurrency exchange cryptocurrency even. Also, consider dollar-cost averaging (taking your money for this year and buy weekly or monthly lows). This will help you buy the average market price if it is not stable. Sure, you can jump to the right, but if you are the wrong time the market, you could be in for a roller coaster ride does not need to be tense.



The Pros and Cons of Investing in Cryptocurrency
CON: The cryptocurrency market has been very volatile since the beginning. Bitcoin prices can swing up or down hundreds of dollars in one day, and the price more than quadrupled in 2017. We have seen a bubble and bust back in 2013, and now in 2017 bitcoin looks like it is in a classic bubble. In fact, our header image is a reference to the psychology of the bubble. In particular, it is a reference to the "Minsky cycle," which can give you an idea of ​​how likely it is that we are in bubble territory. That said, there are many factors to consider here. If no, the answer to investing in cryptocurrency would just be a simple "no."



PRO: There was a significant inverse to invest in cryptocurrency. That is, the cryptocurrency market is still young, and the most optimistic investors projected future prices that will make buying one of the main cryptocurrencies (even at an altitude of 2017) are a good bet. If Bitcoin goes to $ 6K, $ 7k, $ 15k, or say $ 600K + as some well-known investors suggest, $ 4.2K (about what is traded here in the second week of September 2017) will end up looking like a great price, regardless of what happens in the interim.

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