Cyptocurrencies are gradually gaining popularity following the recent blow up of bitcoin. To be honest, when i got into cryptos recently, I couldn't believe I had let this opportunity pass me by. I heard about bitcoins about two years ago on BBC and I didnt even go ahead to do my research. I missed out.
Luckily its better to start late than never so its all good. However, in my short time getting into this, I've realised that most people who invest in these currencies are fueled by greed instead of research. I think for every investor, its inportant to know these three things before investing in cryptos
- Know the underlying reason for the creation of the crypto
- Research into the team behind the dev.
- Personal assessment on whether it has a future in the future you envisage.
I think if you can take care of these three things, you would be ready to invest wisely.
But for now, if you have any money lying around, invest in Ethereum. It has to potential to even overtake bitcoin