Investing in cryptocurrencies isn't easy when it comes to doing proper research. So often times, people latch on to simplistic strategies or reasoning behind why they put loads of money into a crypto. Let's talk about some of the most common reasons people fall in love investing into a specific crypto asset and why it's important for you to understand these reasons.
Reasons and buzzwords people throw money into a cryptoasset:
- The “next” and “better” Bitcoin, Ethereum or top 10 coin
- More transactions per second, a new type of blockchain, cheaper/no fees, etc
- The Ethereum of XYZ country
Privacy, privacy, privacy
Partnerships with large existing companies (Microsoft, IBM, Disney, EEA, etc)
A decentralized competing version of an existing company/application
2nd-3rd time crypto founders
If you have any suggestions, I'd love to hear them in the comments as well!
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** This is not financial advice and these are simply my own opinions, as such, this should not be treated as explicit financial, trading or otherwise investment advice. This is not explicit advice to buy these cryptos, do you own research.**