The cryptocurrency sector is still very young and new. With a history of about 14 years, the cryptocurrencies have already been divided into different categories such as Metaverse, NFTs, Gaming tokens, platforms, DeFi, and many others. While several of these can provide outstanding profits, most of them also come with huge risks. And to minimize risks, investors and traders also appreciate the subcategory of stablecoins, which is growing by the day.
The financial world is divided into many different categories. For instance, one can be looking into the differences between trading and investing. Others can talk about passive or active money management. Amongst others, there is also a division between self-custodial investing and the usage of asset managers. Since investing has become increasingly easier to access, many can ask what is the actual role of asset managers and why do they exist in the markets?
Investing has become an effortless thing to do. The rising popularity of numerous apps that let everyone invest freely and without any, or very small, commissions means that almost anyone can start investing with as little as a few dollars. However, the accessible entrance to investing does not mean everyone knows how to invest. Putting your money into work needs to be taken seriously and requires planning, careful assessment, strategy, and goals. And that is what this article will be about.
Cryptocurrencies are a new world that has been around only about a decade but have gathered a lot of attention from the investors, traders, analysts and the likes. Yet, the traditional world is still a bit sceptical about entering the world. This might be due to lack of familiarity with this sector, but also due to very different services or options it offers. Before one decides to invest and choose its path on how to do that, one must ask why to invest in cryptocurrencies in the first place.
According to Coinmarketcap, there are currently more than 20,500 different cryptocurrencies in this market. With such a vast number of projects, it might be really difficult to decide where to invest your money, especially if you are not a cryptocurrency expert.