Beginner’s Guide To Cryptocurrency Investing

Not so long ago, cryptocurrency investing had zero trust from CeFi representatives and organisations and was bombarded by a constantly negative agenda in mass media. But today, after the major success of certain coins and tokens that managed to generate massive profits, investing in cryptocurrency does not face so much scepticism any more. The largest hedge funds and financial organisations invest millions of dollars in the crypto market.
In this article, we will guide you through the world of crypto, talk about investment strategies, and give you a full picture of some of the crucial details you need to know before making your first investment.

First thing first — what is a cryptocurrency?

A cryptocurrency, or crypto, is a digital asset based on blockchain technology. Certainly, cryptocurrency is usually used as a means to trade for profit.
About 11 years ago, when the crypto world was at its early stage of development, bitcoin was the only digital asset that could be found in the DeFi space. But today, we can see that the crypto world is blooming with various types of businesses and trends: all kinds of cryptocurrencies — led by bitcoin; dapps or decentralized peer-to-peer applications that can be adopted from finance to online gaming; exchanges and decentralized exchanges, allowing people to trade cryptocurrencies without middlemen; nft or non-fungible tokens and much more, you can name it. The crypto world has truly come a long way. Now, you are probably asking yourself: what do I need to know before investing?