Cryptocurrency has long been synonymous with financial liberty, the future of money, financial success, and a new type of investment. Many people around the globe have already turned to cryptocurrency as a spectacular opportunity for wealth and independence.
While many were unsure of this type of investment in its early stages, cryptocurrencies have come a long way, entering the mainstream and gaining huge traction and following. With more and more people turning to the world of crypto, is it now too late to get into the game?
The simplest answer would be no. It is not too late to get into the cryptocurrency craze and yes, you can still make an incredible financial return on it. While it is not the easiest of fields as you’ll need to start following crypto news now and keep on until the end of your career it’s well worth it.
To paint the picture, you can recall that Bitcoin (BTC) achieved an all-time high price just last year in November of 2021, reaching a value of nearly 70 thousand dollars. This is just one example that turning to cryptocurrency is still a highly valuable and tactical money move.
Is Cryptocurrency Still a Good Investment?
One of the most important and frequently asked questions you’ll come across comes down to the safety of cryptocurrency investments. While you will find varying answers from different sources online, the answer will heavily vary on your approach to investing.
Sure, it can be seen as a volatile investment. However, in a sense, it is no different than investing in stocks. You don’t exactly know where they will land once you start investing. That’s why you usually devote substantial attention to following trends and movements.
In essence, no investment is completely risk-free. This means that the decision is ultimately yours. For example, having a diversified portfolio is usually a good precaution to make sure you’re not putting all of your eggs into one basket in case it doesn’t meet your expectations.
Regardless of these fears, crypto and blockchain continue to rapidly rise, with a growing number of companies and investors adapting to this development. These include big industry names like Tesla, PayPal, Etsy, Whole Foods, Home Depot, Starbucks, and more.
Why You Might Think it is Too Late to Get Into Crypto
Realistically speaking, crypto is still quite a new investment. Its critics state that one of the leading risks of investing in cryptocurrencies is the fact that this is still a relatively new technology to hit the world of finance. That, in itself, tells us that there is more to come.
Growing up in a highly globalized world, young people are increasingly drawn to investments in this developing sphere. Some concerns about whether it is too late to begin investing still exist. However, following investment logic, now is the time to purchase as prices have recently seen a surge in value following a market downturn, expected to later rise again.
One of the primary tasks is to make sure the amount of your investment is reasonable, as well as that you’re keeping up with requirements for safety. For example, you’ll often be advised to keep your crypto investing at about 5% of your entire investment portfolio.
Investing in Cryptocurrency in 2022
Investing in cryptocurrency heavily depends on your opinion regarding whether or not the cryptocurrency will become more widespread in the future. With an already good track record and more crucial infrastructure being built, it is safe to say crypto is here to stay.
If you are looking into this investment, you must be comfortable with the fact that some investments are speculative, while others have strong indicators of growth. This is why it is key to stay on top of news relating to crypto through reliable and well-established sources.
Keep in mind that this is usually regarded as a long-term investment, meaning that you will probably be looking into holding onto your currencies of choice for a few years before you fully capitalize on this choice. Keep in mind that this type of investment requires patience.
Whatever you do, make sure you invest only the amount that you can afford to lose. If it’s up to us, we could argue that we are looking towards a future where cryptocurrency is even more widespread than it already is today.
