Feb 13, 2022
6min read
Cryptocurrency Is Still the Investment Opportunity of the Decade
An introductory manual for newcomers looking to venture into cryptocurrency investment in the year 2024.
As we approach 2024, eager crypto enthusiasts are anticipating the upcoming BULL run in 2024-2025. I’ve composed this article to ensure you have a chance to seize the opportunity without the risk of getting trapped in the bubble.
This article highlights the investment opportunity in the cryptocurrency domain and will explain
Why Crypto investments are a smart decision
Market
Bitcoin
How to Invest in Crypto
Investment Amount
Selecting Assets
Entry and Exit
Understanding differences between
Wallets and Custodians
Centralized Vs Decentralised Exchanges
Products that I use
Final Thoughts
scams
Get Educated about money
Summary
Why Invest in Cryptocurrencies?
Long Answer:
Market
The global cryptocurrency market cap today is a whooping $1.85 Trillion, where Bitcoin (BTC) and Ethereum (ETH) account for nearly 49.7% and 16.1% respectively, reaching nearly $1.2 Trillion in Market Cap.
Market Overview - CoinGecko
CoinGecko boasts a registry of 12,665 coins, while CoinMarketCap records an extensive 2.2 million plus coins. With this ever-growing ecosystem of coins, investors can easily get confused and miss out on valuable, and potentially life-changing, assets.
Cryptocurrencies other than Bitcoin, are generally referred to as “Altcoins”.
Some popular altcoins include Ethereum, BNB, Tether, Solana, XRP, USDC, Cardano, Avalanche, Dogecoin, Chainlink, Tron, etc.
Investing seems a challenging task at this point, but it’s pretty simple actually.
Bitcoin is the father of Cryptocurrencies and the entire Crypto market Follows the Bitcoin Trail.
If the price of Bitcoin goes 🔼, prices of Altcoins go 🔼 generally
If the price of Bitcoin goes 🔽, prices of Altcoins go 🔽 generally
Read the full story at HackerNoon
https://hackernoon.com/cryptocurrency-is-still-the-investment-opportunity-of-the-decade