Things to understand before investing in Crypto Currencies
Assalam O Alaikum |
|---|
Hello dear friends! Well come to my post. How are you all? I hope that you will be doing well by the grace of Almighty Allah. I'm also fine and enjoying my day. Today I'm here to share some things which we should understand before investing in crypto currencies in this Steem Alliance community. The topic of this post is "Things to understand before investing in Crypto Currencies". Let's start the task.
.jpeg)
Investment in crypto currencies |
|---|
Friends as we all know like other currencies the crypto currencies is a digital or virtual form of currencies which are based on the decentralized network system called Blockchain. As we all know that within a Blockchain network all the transactions are recorded online with the help of several digital computers. The investment in crypto currencies means buying or holding any of digital assets or digital currencies like Bitcoin, Ethereum etc within the crypto market. Sometimes the aim behind the investment in crypto currencies is to earn some profits during the market volatility.
Some people prefer different types of investment in crypto currencies like Short terms investment or long term investment. There are some differences between long and short term investments. Let's discuss about both of them.
Long Term Investments:
- Usually when an investor holds the crypto assets more then one Year it is considered as the long term investments. There may be several aims behind the long term investments such waiting for the market volatility, increase in the prices of that specific crypto currency or earning profit through staking.
Short Term Investments;
- Short term investments of crypto currencies means that holding the crypto assets less than one year. The short term investments also offers a lot of benefits like provide an opportunity of earning quick profits and many more.
Things we should understand before investing in Crypto Currencies |
|---|
1. Volatility Of Crypto Currencies:
- Before getting into the flood of crypto currencies we should understand that the crypto market is highly fluctuating, volatile and non stable so we should always prepared for the fluctuations and try not to invest all our money in one crypto currency.
2. Thorough Research:
- Complete research is also required about that specific crypto currency in which you are interested to invest. We should get complete knowledge about that currency in which we are going to invest.
3. Stay Tuned about market trends:
- Besides fluctuations the crypto market can also gat manipulate through the false news or other reasons. So we should always take a look at the market trends and stay informed about evey happening within the market.
4. Stay away from Scammers:
- Some scammer and fraudulents also present in the crypto market who can steal all your assets so we should always be aware of suspected people in market and never share any sort of information with them.
Conclusion |
|---|
I have witnessed that many people lose their assets while they invest in Crypto Currencies due to less knowledge and understanding about crypto currencies. So that is why I tried to discuss about some tips and shared some useful information about crypto currencies investment. In this article we have learn about the investment of crypto currencies their types and some useful tips about them. I hope that my article will be useful for others.
Thank you, friend!
I'm @steem.history, who is steem witness.
Thank you for witnessvoting for me.
please click it!
(Go to https://steemit.com/~witnesses and type fbslo at the bottom of the page)
The weight is reduced because of the lack of Voting Power. If you vote for me as a witness, you can get my little vote.
X Share Link
Dear @abdullahw2 ,
We appreciate your active participation and contributions to our community. To ensure a positive environment for all members, we have implemented a set of guidelines to maintain respectful and constructive discussions while upholding community guidelines.
This is an interesting post you have shared, keep sharing quality post in the community
Now Engage, Connect, and Inspire Each Other to Reach New heights.
Thank You.
Thank you so much brother for your kind evaluation 😊