Practical cryptocurrency investment tips for beginners

Practical Cryptocurrency Investment Tips For Beginners

Kevin Ocasio

Practical Cryptocurrency Investment Tips For Beginners I’ve written a crash course for anyone who’s interested in cryptocurrency investment.

Are you making a smart decision choosing cryptocurrency? What does the future look like for you?

Since you landed on this page, I’m certain you are already quite interested in a cryptocurrency or two. Ever heard of Bitcoin? Sure you do.

The cryptocurrency Bitcoin was the first of its kind. During its first year of existence, in 2009, almost no one cared about it. It used to have a value of $0.

As of today, it’s about $5697.15.

This gives you a good idea that any cryptocurrency ICO (initial coin offering) you participate in can give you a high future ROI. Sounds good?

Make A Cryptocurrency Investment Today For A Better Tomorrow Well, I want to share with you a story of a lucky guy named Koch.

I don’t know Koch personally, but here’s the thing… In 2009, he bought 5,000 Bitcoins for a small $27.

Years went by and he forgot about his Bitcoin investment.

Practical Cryptocurrency Investment Tips For Beginners

Practical Cryptocurrency Investment Tips For Beginners In four years, he enjoyed an ROI of 3,281,500%. Can you guess the worth of his $27 now? It’s $886,000.

It’s hard to invest in Bitcoin now if you’re planning to become like Koch. This is why it’s always a good idea to look for newer options.

Bitcoin’s massive success gave birth to other cryptocurrencies, otherwise known as altcoins. “Altcoins” is the term for cryptocurrencies other than Bitcoin.

Today, we have a hot cryptocurrency ICO that’s based in the UK. The great news is, it’s the very first cryptocurrency that mobile users like you and me can easily use.

This means that we can do cryptocurrency trading and cryptocurrency mining right from our mobile devices.

Call this altcoin Electroneum.

I invite you to learn more about Electroneum and see what’s in it for you.

Check out my review.

What Are Some Cryptocurrency Investment Tips You Should Know?

I’ll show you right here, so pay close attention and follow my pieces of advice.

1. Do your own research.

Just because you heard about an enticing initial coin offering or a new cryptocurrency doesn’t mean you have to invest in it ASAP.

Practical Cryptocurrency Investment Tips For Beginners

Practical Cryptocurrency Investment Tips For Beginners Truth is, there are so many altcoins in the world today that seem to promise you future benefits. If you’re looking for a successful future, I advise you to read more about the new altcoin before making an investment.

One of the things I did before I invested in Electroneum (ETN) was that I checked the team behind it.

And YES, Electroneum is led by people with relevant experiences and a good track record.

Not to mention, ETN’s founder is Richard Ells.

He is the CEO if Retoral.com and created a social media platform that’s being used by fortune 500 companies.

Again, be a student of your prospective cryptocurrency. Look for reviews.

Check social media (especially Twitter) to see if it’s gaining popular attention.

2. Save your cryptocurrency.

Is it good to spend or save your cryptocurrency for the long term? Go for the latter.

The thing about a cryptocurrency, Electroneum for example, is that the risk of investing in it decreases.

Of course, this is a huge possibility, especially if more and more people will use the cryptocurrency.

It can become as stable and as successful as Bitcoin. Its increasing value will be more than enough to change your financial future.

Practical Cryptocurrency Investment Tips For Beginners

Practical Cryptocurrency Investment Tips For Beginners Fiat money, or paper money, differs from cryptocurrency in a way that fiat money goes down more quickly – which is why people are compelled to spend it than save it.

People are more likely to save cryptocurrency because its value increases in time. And since cryptocurrency is limited in supply, you can expect it to last for the long term.

3. Choose the right cryptocurrency wallet.

If you have no idea what a cryptocurrency wallet is, it’s similar to our physical wallet in a way that it stores money.

A lot of cryptocurrencies need to be kept with the use of a wallet.

Therefore, it’s important that you pick one that’s designed for maximum security. Yes, all cryptocurrency wallets out there promise safety.

But which one can assure you that your cryptocurrency investment will be kept safe while you save it?

The new cryptocurrency ICO Electroneum claims to be a safe investment because of their multiple wallets. This will make your cryptocurrency hard to track by hackers.

I also highly recommend a popular and trusted Bitcoin wallet called Coinbase. You can use it for storing Electroneums and other altcoins.

Coinbase is also backed by huge investors.

4. Does the new cryptocurrency address a need?

Practical Cryptocurrency Investment Tips For Beginners

Practical Cryptocurrency Investment Tips For Beginners Cryptocurrencies that only promise a better return on investment are senseless.

Here are two questions you need to ask before investing in one: Will the cryptocurrency help the world solve a problem?

Does everyone in the globe get the equal chance to access the digital currency and use it in their day-to-day lives?

If a cryptocurrency is to last, it should be able to address a real-life pain point.

One of the reasons why I consider Electroneum a disruptive potential is that it’s designed for everyone.

Financially well-off and educated or NOT, everyone who owns a mobile device is a potential Electroneum investor.

Not all people are experts at cryptocurrency, which is why only a few actively invest in Bitcoin and other complicated altcoins.

For the record, Electroneum is the first digital currency that can be mined and accessed 24/7 using a mobile device.

From your device, you can exchange your ETN coins for dollars or use them to gamble and play games online.

Or, you can simply log into ETN’s mobile app, which you can download for free, and watch the value of your coins grow over time.

5. Have a balanced cryptocurrency portfolio.

Practical Cryptocurrency Investment Tips For Beginners

Practical Cryptocurrency Investment Tips For Beginners Last, but not the least, create a cryptocurrency portfolio and keep it as active as possible. What does a balanced cryptocurrency portfolio look like?

A balanced portfolio is diverse.

Meaning, you’ve invested in a few cryptocurrencies. Think of it as putting your eggs in different baskets. However, don’t get too excited to the point of investing in every new cryptocurrency you discover.

Risk aversion is another characteristic of a balanced cryptocurrency portfolio.

Since altcoins are volatile, make sure that you invest no more than you can lose. Which is why I invested in Electroneums while they’re still extremely affordable.

Practical Cryptocurrency Investment Tips For Beginners