Due to the meteoric rise of Bitcoin in the last couple years, creating many “crypto millionaires” there has been a surge of interest in learning how to buy crypto coins.
Why Invest In Crypto?
Over the last few years of investing, watching the stock market almost everyday, with its ups and downs, I noticed something interest after I added crypto to my portfolio.
Here’s what I noticed: when the stock market goes down, crypto goes up.
This is an interesting discovery for a couple reasons.
People are using crypto as a hedge against stock market crashes and inflation. While waiting for surges in price (speculating), we can use our digital coins as a hedge against our other investments (mainly stock and real estate), giving us an immediate benefit.
Here’s how to invest in Crypto in less than 10 minutes:
- Make an account at Coinbase
- Buy some Bitcoin
- Buy some Ethereum
- Buy some Litecoin
- Buy some Chainlink
Congratulations, you’re now investied in crypto! Now you have a ticket to win the lottery and you have a hedge against stock/real estate losses.
Continue watching prices on you portfolio, and just as in stocks, buy on red days.
And research other coins that might take off. You never know what the next big thing will be unless you do your due diligence.
As crypto technology becomes more ubiquitous, and with companies like PayPal and other payment processors starting to accept Bitcoin for buying things on Amazon and everywhere else that accepts PayPal, the practicality will push crypto into the mainstream.
Most importantly, have fun with it.
And as always, happy investing.