Are Cryptocurrencies a Good Investment?
Cryptocurrencies are one of the best areas that people should invest in (Cunha & Murphy, 2019). Before investing in cryptocurrencies, there is a need to consider some factors. The main factors include how and where to invest. There are different types of cryptocurrencies, and there is a need to choose the one that fits the requirements of an individual (Trimborn, Li & HHrdle, 2017). In my case, I would invest in Bitcoin. Investing in Bitcoin trading, one should put Bitcoin into an actual wallet. Investing in cryptocurrencies trading is one of the best choices that a person can do. The reason behind this is the fact the individual will enjoy lots of benefits. For instance, when it comes to Bitcoin, the price of Bitcoin has fallen, so there is the potential of more gains.
References
Cunha, J., & Murphy, C. (2019). Are Cryptocurrencies a Good Investment?. The Journal Of Investing, 28(3), 45-56. doi: 10.3905/joi.2019.28.3.045
Trimborn, S., Li, M., & HHrdle, W. (2017). Investing with Cryptocurrencies – A Liquidity Constrained Investment Approach. SSRN Electronic Journal. doi: 10.2139/ssrn.2999782