In the fast-paced industry of fintech (finance and technology) the cryptocurrency market has proven as a lucrative and captivating investment opportunity. It is a digital, or virtual currency that is supported by the security of transactions and cryptography have attracted a lot of interest due to its rapid rise in value as well as the revolutionary blockchain technology which powers it. This article aims to give a brief overview of different investment strategies and their associated risks, as and the potential benefits that could be reaped from the cryptocurrency world. This article provides a complete guide aimed at the discerning investor.
The landscape of cryptocurrency investing is full with a wide variety of strategies. Each one has a unique risk profile, and each approach. The 'buy-and-hold' or HODL (hold on to your existence) strategy is one of the most well-known. It is a long-term strategy which involves purchasing cryptocurrency and waiting for value appreciation. This strategy...