Are cryptocurrencies the best business opportunity?
If you like disruptive technologies and are willing to take a risk, cryptocurrencies are the right instrument to invest. In this post I will explain why I consider them a good business opportunity.
Like any type of investment you make, it is important that you take it very seriously. Being professional with money management can make a difference. Remember that the goal is to earn money.
Business opportunity in cryptocurrencies?
Since 2017 that Bitcoin reached a record high of US $ 20,000, cryptocurrencies were put in the eye of global investments. Undoubtedly, its strong growth has caused them to be evaluated at least.
There are different alternatives to earn money with cryptocurrencies, one of the best known and simplest being Hold, which basically consists of buying a digital asset and saving it until it reaches the desired revaluation.
For example, if you consider that Bitcoin has the potential to reach US $ 50,000 in the next 3 years, buying at the current price (US $ 8,200) may be a bargain. I do not believe that there is currently an asset of traditional markets with as many possibilities of revaluation as Bitcoin.
At the moment the market capitalization of the ecosystem is $ 217 billion. Business opportunity in cryptocurrencies?
At the moment the market capitalization of the ecosystem is $ 217 billion.
Can you earn money in the short term in cryptos?
In the short term there are excellent investment opportunities in the cryptocurrency market, thanks to the volatility that revolve around them. There are days when you can get returns of more than 10% on digital assets.
It is worth clarifying that short-term investments are more risky than Hold, since just as earning 10% in a matter of hours can be relatively easy, losing it is too if the price moves against us.
Short-term trading, especially in altcoins, is recommended if you have experience to do this type of operations. A good idea may be to practice on a demo account, before venturing into this world.
At least 70% of your crypto portfolio should be in Bitcoin, as it is the digital asset with the best chance of being revalued.
The remaining 30% should be divided into at least 5 altcoins, and not more than 10.
Diversifying in various crypto sectors can be a good idea.
A good percentage of your portfolio should be Hold, since there is the real future business.
Never invest money in cryptocurrencies that you need for current expenses, since the market is very volatile, and leaving it in adverse conditions can cost you dearly.
Finally, I will answer the title question: Are cryptocurrencies the best business opportunity? Absolutely. There are no assets with as many possibilities to multiply their value as crypto. It’s up to you.
Disclaimer: This press release is for informational purposes information does not constitute investment advice or an offer to invest. The views expressed in this article are those of the author and do not necessarily represent the views of infocoin, and should not be attributed to, Infocoin.