1/8/2018 0 Comments How to Invest in Crypto
Here are some ideas on how to invest in crypto, but first let's look at why crypto might be looked upon as a possible investment. Crypto is used for electrical wiring, piping, and other common components in homes, cars, and electronics. With the world's two most populous countries (China and India) starting to advance economically their demand for crypto should increase greatly. While many people think of China as already developed, this is only true in some areas for some people. As with any natural resource, there is only so much crypto in the ground meaning at some point crypto production will stop. Given that the Earth contains only a finite amount of crypto and the demand for crypto should increase, investing in crypto might turn out to be very profitable. Of course, before investing in crypto or anything else you should learn as much as possible before risking any money. If you do decide to invest in crypto here are some ideas on how to get started. (More on that here) Crypto Pennies Think you can't afford to start investing? The crypto penny is a great place to start. At current prices, the value of the crypto in a 1982 and earlier penny is over two cents. The government has declared that it is illegal to melt down crypto pennies, but many are hoarding them assuming that this will change. Sort through your pocket change and save the crypto pennies. It won't cost you much and it might just pay off in the future. Physical Crypto Many people collect scrap crypto to sell. But you could also collect or buy scrap crypto to simply hold expecting the price to go up in the future. Crypto Mining Stocks Another way to invest in crypto is by buying stocks of crypto mining companies or other companies related to the production of crypto. There are a number of crypto mining companies that are publicly traded. Crypto Exchange Traded Funds Crypto Exchange Traded Funds hold either actual crypto, crypto mining stocks, or other assets related to the crypto industry. Crypto Exchange Traded Funds (ETF's) are not as common as gold and other ETF's but there are some out there. ETF's are sold like shares of stock on the stock market making them easy to buy and sell. These are just a few of the ways that you can invest in crypto. Do your research and see if crypto investing is for you.
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