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Opinion | Don’t Get Fooled Again by Crypto
(www.nytimes.com)
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this post was submitted on 10 Aug 2024
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Technology
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Do you know anything about financial markets? It’s there for you to make money out from it. Study and you’ll understand everything you could do with it. Also, on crypto, the hype respects a cycle.
I'm at a beginner level in Investments and stock market.
I'm already learning about Investments and stock market. Maybe, once I finish that I could consider this. But, I don't see much value in crypto so won't bother.
Perhaps, if my perception changes in the future I could reconsider. Just not in the near future.
But crypto is just like the stocks: you can buy it because you believe on the project or just because it’s what’s delivering the best results at the moment. Consider cryptocurrencies as a little portion of your portfolio, intended for risk. You can operate it via ETFs, and thus don’t expose yourself to the risks (and benefits) of the blockchains.
Cryptocurrencies are not like stocks, stock is partial ownership of an enterprise which has the ultimate goal of generating more revenue, stocks are not a trading currency.