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cryptocurrency

Investing in Crypto

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overview

Want tips on investing in crypto? First things first, you’re going to want to know what to avoid. In this lesson we’re talking about what you need to know BEFORE investing in crypto so you can manage your expectations and make the right choices.

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Why People Invest in Crypto

Reason 1: Blockchain Technology

They’re are really excited about the technology of blockchain and the so-called “promise” of digital currencies. These people believe investing in cryptocurrency is a way to earn high returns while supporting the future of technology.

Reason 2: Long-term Store of Value

Another reason people invest in cryptocurrency is the desire for a reliable, long-term store of value. Unlike traditional money, crypto tends to have limited supply (for example, there are only 21 million Bitcoin) — therefore they can’t be affected by inflation (BUT it’s important to note that doesn’t necessarily mean they will always increase in value)

Reason 3: Volatility of Crypto

There’s also a group of people investing in crypto simply BECAUSE of how volatile it is. While it’s not the safest investment option, a lot of investors are trying to take advantage of big gains they can’t find elsewhere.

Where Does the Value of Crypto Come From?

A lot of crypto supporters think digital currencies COULD become part of daily life in the not so distant future. That means the cryptocurrency market is pretty much dominated by people who HOPE that they’ll be able to make a big return on their investments4s despite higher risks involved.

How to Invest in Crypto

Signing up for a cryptocurrency exchange like Coinbase, Binance, FTX, Gemini or Kraken will allow you to buy, sell, and hold cryptocurrency. It is generally best practice to use an exchange that allows its users to also withdraw their crypto to their own personal online wallet for safer keeping.

Crypto wallets keep your private keys – think of a private key as a password that gives you access to all of your crypto – safe and accessible. They come in many forms, from hardware wallets like Ledger OR a software wallet within mobile apps like Coinbase.

Things to Beware Of When Investing in Crypto

  • Beware of FOMO
  • Research, Research, Research!
  • Don’t Invest More Than You’re Willing to lose

So whether you decide to invest in crypto or simply watch the madness from behind your screens, make sure you know your “why” and understand the risks involved!

No account yet? Register

cryptocurrency

Investing in Crypto

Want tips on investing in crypto? First things first, you’re going to want to know what to avoid. In this lesson we’re talking about what you need to know BEFORE investing in crypto so you can manage your expectations and make the right choices.

Why People Invest in Crypto

Reason 1: Blockchain Technology

They’re are really excited about the technology of blockchain and the so-called “promise” of digital currencies. These people believe investing in cryptocurrency is a way to earn high returns while supporting the future of technology.

Reason 2: Long-term Store of Value

Another reason people invest in cryptocurrency is the desire for a reliable, long-term store of value. Unlike traditional money, crypto tends to have limited supply (for example, there are only 21 million Bitcoin) — therefore they can’t be affected by inflation (BUT it’s important to note that doesn’t necessarily mean they will always increase in value)

Reason 3: Volatility of Crypto

There’s also a group of people investing in crypto simply BECAUSE of how volatile it is. While it’s not the safest investment option, a lot of investors are trying to take advantage of big gains they can’t find elsewhere.

Where Does the Value of Crypto Come From?

A lot of crypto supporters think digital currencies COULD become part of daily life in the not so distant future. That means the cryptocurrency market is pretty much dominated by people who HOPE that they’ll be able to make a big return on their investments4s despite higher risks involved.

How to Invest in Crypto

Signing up for a cryptocurrency exchange like Coinbase, Binance, FTX, Gemini or Kraken will allow you to buy, sell, and hold cryptocurrency. It is generally best practice to use an exchange that allows its users to also withdraw their crypto to their own personal online wallet for safer keeping.

Crypto wallets keep your private keys – think of a private key as a password that gives you access to all of your crypto – safe and accessible. They come in many forms, from hardware wallets like Ledger OR a software wallet within mobile apps like Coinbase.

Things to Beware Of When Investing in Crypto

  • Beware of FOMO
  • Research, Research, Research!
  • Don’t Invest More Than You’re Willing to lose

So whether you decide to invest in crypto or simply watch the madness from behind your screens, make sure you know your “why” and understand the risks involved!

lessons in this course

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