How is buying crypto considered an investment? What are some things that I should be considering when buying Crypto? How do you know whether or not investing in Crypto is for you?
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It is a HIGH RISK investment.... you should study more before buying etc to prevent losing $$$ you might lose/win alot....
<5% in Crypto
06 Sep 2020
Head of Operations & Trading at Tokenize Xchange
Buying crypto as of now is probably mostly for speculative investment. However, certain tokens have their own use cases as well rather than being an investment vehicle, it is used to power its own network, etc etc.
When you wanna invest in certain crypto projects, here are some main stuff to consider, such as the sector the project is targeting, whether the token supply is diluted, the whitepaper - to understand the project in depth.
Well, how do I know is crypto for me? Firstly, it really depends on your risk appetite and holding power, since it is highly volatile, which can swing either way, if you can commit to a longer time horizon you should be fine. Then again only invest the amount you are ok to lose, and once you bought your crypto just leave it aside. It an investment, do not let it be on your mind the whole day.
31 Aug 2020
Writer at GEEK.SG
I've been in the market since 2017, through the deep winter and whatnots. I've certainly not sustain...
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