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Cryptocurrency Investing: Meet The Man That Will Invest in Crypto for You
Cryptocurrencies are relatively new in the world, and few people have truly wrapped their heads around them. For some, they’re too much of a mystery to ever get their head around, but for others, they are an amazing opportunity to invest and make potentially life-changing gains. In a world where the stock market returns 7% over many years of investment, many are attracted by the opportunity bitcoin and other developing cryptocurrencies offer.
If you are thinking about investing in cryptocurrencies, but aren’t sure where to start, it’s a good idea to get advice from someone who has already found success.
Should you use a financial advisor to invest in cryptocurrency?
Yes and no. No, because all too many financial advisors are stuck in the dark ages and either hasn’t taken the time to learn about the opportunity cryptocurrency offers and how to get into it, or aren’t willing to dip their toe.
Yes, because if you pick the right financial advisor, with legitimate experience, it can be a great way to start investing in cryptocurrency safely. Joseph O’Connor is well known for being a self-made millionaire from his cryptocurrency investments. Still in his early twenties, he’s discovered all the ins and outs of cryptocurrency investing and is completely dedicated to investing in cryptocurrency.
This makes him the perfect person to invest in crypto for you – rather than choosing a financial advisor that divides their time between stocks, bonds, other financial products and cryptocurrency (if you can find one), it’s better to have someone dedicated to cryptocurrency investing.
Why does cryptocurrency require a specialist advisor?
Cryptocurrency investing isn’t worlds away from the stock market, but it is different. While the stock market experiences many extremes with slower returns to highs, cryptocurrency can be much more volatile. While this sounds like a bad thing, it also means that it can experience new heights fast.
If you don’t have the right advisor, these highs and lows may scare you, and in the same way that selling in a stock market dip can lead to extreme losses, the same can happen in cryptocurrency. An experienced cryptocurrency financial advisor will be able to give you the right advice for your situation.
It also requires specialist advice because the foundation cryptocurrency is built on is so different from the stock market and fiat currencies. Cryptocurrency exists only in the digital world, and doesn’t belong to any government or even one governing body. (Ripple XRP is a little different, but you don’t need to worry about that if you’re just beginning.)
Cryptocurrency exists within blockchain technology, and so is almost impossible to hack and must be held differently to stocks and bonds. You keep your cryptocurrency in a digital or physical wallet via “keys”. This is a code you must keep safe, as if you lose it, you lose your currency – yet another reason why you need an experienced advisor to guide you.
Cryptocurrency investing can be exciting and lucrative, but you need to go into it with the right guidance. Be aware that the value of your cryptocurrency investments can go down as well as up, so seek the advice Joseph O’Connor before you start investing.
Addison is a student of the Aust Abbottabad University of Science and Technology. He started his graduation in 2016 and graduated in 2020. I’m a professional article and blog writer, has written dozens of content on different topics and worked with professionals all over the globe. Feel free to contact me for any assistance. [email protected]
