As many of you know, the cryptocurrency market has been skyrocketing. Bitcoin was up over 400% in 2017, and Ethereum is up 4500%. So the question on everyone’s mind is: should I invest now?
There are several factors to take into consideration before making such a decision. One major factor to consider when investing in cryptocurrencies like bitcoin or ethereum, for example, is that they are extremely volatile and can swing wildly from day today.
Another essential thing to remember is that these investments do not correlate with any other stock markets, and they don’t offer protection against inflation. That being said, if you’re looking for high-risk investments with the potential for significant returns, then investing in
Crypto might be the right choice for you.
Now that the price of cryptocurrency is so high, should you invest in Crypto now? Or should you wait for a correction first? And if yes to investing, which cryptocurrencies are worth buying and how much money do I need? The following article will attempt to answer those questions.
Determining Factors
First off, let’s talk about whether or not it makes sense to buy right now. In short: It depends on your investment goals. If one has no plans on using their investments within the next five years, then there’s nothing wrong with going all-in at this point – as long as they’re willing to take the risk.
On the other hand, if someone has a time frame between one and five years, we would suggest waiting until the price comes down a little bit.
We realize that this advice might not be beneficial so let’s talk about which cryptocurrencies are worth buying if someone decides to invest right now? The answer, at least for the time being, is all of them!
There aren’t any major red flags in the cryptocurrency market yet, and there isn’t anything wrong with diversifying your portfolio by spreading it out across many different coins. We would personally recommend sticking to Ethereum (for reasons we’ll cover below), but Bitcoin certainly has its benefits as well.
One strong point for Bitcoin is that it was introduced earlier than most other coins – making it one of the oldest currencies currently available on the market. Furthermore, since it existed first, many people consider BTC more stable than newer currencies – and this is definitely a benefit that shouldn’t be ignored.
Invest Wisely
What we would suggest for people looking to invest right now: Stick to Ethereum (or Bitcoin) until the market starts correcting itself and then diversify your portfolio with other coins as well.
For those of you currently invested in BTC or ETH, keep holding! And if you’ve never purchased cryptocurrency before but are interested in doing so, please look into Coinbase.
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- Crypto coins are digital currencies and have no physical form like normal money.
- Digital currency is not issued by any central authority, but rather it’s decentralized, which means that transactions take place between users directly through cryptography without an intermediary or a centralized controlling entity.
- This type of currency has been very popular in recent years due to its high potential value growth. So should you invest in Crypto now? Let’s find out!
- Investing in cryptocurrency comes with significant risks as well as benefits, so make sure before making any decisions you do your own research and come up with your own decision.
Conclusion
Now is a great time to invest in Crypto as, despite the downturn, it has a long way to go. If you have been thinking of investing in Crypto, now is one of the best times as there are many promising new cryptocurrencies and ICOs on their way up that will likely increase your investment tenfold, if not more!
