Post
Topic
Board Altcoin Discussion
Re: Understanding cryptocurrencies and investment.
by
Ojima-ojo
on 11/06/2023, 19:17:25 UTC
Crypto is a digital currency that comprises different coins. It's important that we understand how this coin works and which to invest in. How do we identify the best coin and the period to invest in these types of coins?
First thing to not is that if you talking about investment then you will have to focus on Bitcoin and this has to be done with the mindset of a long-term view because taking Bitcoin for the short term is very disappointing so don't take Bitcoin for the short term but long term, but if you looking for short term speculation then you can gamble on some few altcoins such as meme coins who are high-risk scheme.


Cryptocurrency as an investment is something that must be done with a well-informed mind and knowledge of the market before venturing into them because it is a high-risk investment that must be carefully handled.