Is Ethereum Classic A Good Investment?
In this video, I discuss the 2 reasons why the answer to the question “Is Ethereum Classic A Good Investment?” is an emphatic YES.
Should you buy Ethereum Classic I think long-term absolutely, it has huge potential to be big in the future.
Ethereum Classic (ETC) is the one crypto that no one is talking about! ETC hasn’t had a lot of light shined on the project but big players are invested and working on the blockchain. Ethereum classic I think is mainly held down due to the fact Ethereum is still on layer one, meaning it hasn’t launched Etheruem 2.0 yet. I believe we will start to see a lot of price movement once that happens.
(1:06) Reason 1
(3:07) Reason 2
(6:45) Price Prediction
(7:13) EThereum Classic Current Price
4 Tips to Invest in Cryptocurrency Safely
Speculations are consistently hazardous, however, a few specialists say digital money is one of the more risky speculations available today, based on Consumer Reports. Nonetheless, digital currencies are probably some of the most attractive products at the present time.
In early 2018, CNBC forecasted that the digital currency market was projected to arrive at a net worth of $1 trillion before the end of 2018.
Well, the overall market cap of cryptocurrencies was $1.15 trillion on February 5, 2021, when Bitcoin was nearing the $37,800 price mark and Ethereum was at $1,724. Fast forward to May 3, 2021: Bitcoin was up 53% at $58,000, Ethereum 84% to $3,170, and the combined market cap of all cryptos has now doubled to a jaw-dropping $2.3 trillion.
In case you are considering channeling some of your financial resources into cryptographic forms of money, these tips can help you arrive at well-considered decisions.
Research Crypto Exchanges
Before you allocate any of your investment funds into cryptocurrency, find out about digital currency exchange platforms.
These platforms offer the ability for you to purchase and sell cryptocurrencies. However, there are some 500 platforms to pick from, according to Bitcoin.com. Do your due diligence, study reviews, and check with more experienced financial backers prior to pushing ahead.
Learn How to Store Your Digital Monies
In the event that you purchase cryptographic money, you need to store it. You can store it in a digital wallet or on an exchange. While there are various types of such wallets, each has its own advantages, specialized prerequisites, and security. Likewise, with the exchanges, you ought to research your storage options prior to investing.
Diversify Your Investment Portfolio
Spreading your eggs across multiple baskets is a key to any wise investment system, and it remains the same when you’re putting resources into digital currency as well. Try not to place the entirety of your cash in Bitcoin, for instance, merely because that is the name you know.
There are a huge number of alternatives, and it’s ideal to spread your investment around to a few altcoins (“alternative coins”) besides Bitcoin.
Get ready for Volatility
The digital money market is a very unstable one, so be ready for extreme highs and lows. You’ll likely experience emotional swings with the volatile prices.
In case you can’t deal with that, digital currency probably won’t be a suitable choice of investment for you.
Digital money is extremely popular at the present time. Nevertheless, be reminded that it’s as yet in its early stage. Putting resources into something that is new comes with its set of difficulties, so be readied. In the event that you intend to take the investment plunge, do your due diligence and contribute moderately to begin with.
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Disclaimer: We are not a financial advisor. We do not provide tax, legal, or accounting advice. This material has been prepared for entertainment purposes only, and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. You should consult your own tax, legal, and accounting advisors before engaging in any transaction.
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