Know this before, "Cryptocurrency Investing"

Updated: Dec 2, 2021

Cryptocurrencies are known to be highly volatile. However, it is well known that the cryptocurrency market is going to increase in the future and one can get a good amount of return by investing in cryptocurrencies. But the investments should be done only after carefully studying the market behavior that keeps on changing rapidly. Although cryptocurrencies are volatile there are a few of the cryptocurrencies which are less volatile than the others. It is better to diversify the investment to reduce loss and increase the profit margins. Thus, investing in cryptocurrency pairs is preferred, where two cryptocurrencies are paired up together and used for trading. These pairs should be wisely chosen after studying the market sentiments. The cryptocurrencies which have more liquidity are preferred over others as it is easy to make their transactions. While choosing the stability of the pair of the coins is also taken into the consideration besides the liquidity. The cryptocurrency market is highly unpredictable, so it is advised to keep an eye on the market movements and follow them.

By- Beauty Dubey

IIM, Kashipur

78 views0 comments

Recent Posts

See All

High Budgetary allocation for infrastructure: In UnionBudget2021, the government has given a massive push to the infrastructure sector by allocating Rs.233,083 crore (US$32.02billion) to enhance the t

It's time to change the way we have been looking at investing so far. What is Growthway Investments? Growthway is an initiative that safeguards it's investors against all risk i.e. (Safety) in an inve

What is financial planning? Financial planning is a step-by-step process for achieving one's life objectives. A financial plan serves as a guide as you travel through life. It is the process of devel