Identifying the hidden costs to investing in cryptocurrencies helps to improve prospects of gaining more profits. Opportunities to reduce costs of investing in cryptocurrenices stem from transaction fees, wallet fees, exchange fees, and dollar cost averaging. Understanding the architecture of cryptocurrency network goes a long way in reducing costs. Read More
One of the main issues with using market capitalisation as an indicator of cryptocurrency investment value is the fact that locked up cryptocurrencies can easily be overlooked by investors. There are significant amounts of cryptocurrencies that are either not in circulation or lost. Read More
Bitcoin exceeded the expectations of many as it passed its tenth year in existence. A decade ago, the idea of a digital asset secured by programming code and advanced cryptography would have seemed laughable or even insane. Yet, investors pour billions of dollars into bitcoin as many anticipates figures as high as $100,000. While there are many proponents of bitcoin, there are understandably many critics who do not see the cryptocurrency lasting beyond the next ten years. This brings to light the alternative digital assets that may be used to diversify one’s portfolio. Read More
Proverbs are a great way of increasing emphasis on the importance of principles. Proverbs allow people of different ages to dig deeper into concepts which affect their daily lives. Money related proverbs provide deep insights into financial decisions that could have lasting impact on their lives. Money related proverbs plant seeds of belief in our mind that affect how we value money and use money. Read More
It’s easy to assume that cryptocurrency investments can be made using similar pools of information and techniques to other more popular investment classes. However, the number of nuances in the cryptosphere means that there are a lot of risks. Here are some crypto mistakes you’ll want to avoid making.