“Cryptocurrency” refers to digital money. These are currencies that exist entirely online, and independent of any country, bank, or governing body. They are not based on any physical asset, which means their value is determined entirely by public sentiment. In other words, they’re worth only what people are willing to pay for them. Which, if you’ve been watching the news lately, is quite a bit. There are thousands of different cryptocurrencies, but for the sake of keeping things simple in this article, when I refer to crypto, cryptocurrency, or cryptocoins, I’m talking primarily about Bitcoin, Litecoin, and Ethereum. The more obscure a cryptocurrency, the fewer advantages and the more risks! If you’re eager to get on the crypto investing bandwagon, below are what you need to consider before buying in. Does cryptocurrency have a place in your portfolio? Whether or not cryptocurrency is a good investment for you depends entirely on […]
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