The best sites to invest in new cryptocurrencies

The concept of investment is an integral part of our economic and financial model. All the main players in the economy are involved in this in their own way, and of course, within the limits of their capabilities. The days when investing was mainly done in the stock market are now gone with new technologies. And since it would be a shame to miss this opportunity, we will see together why to invest in a a new cryptocurrency can be a once-in-a-lifetime opportunity and even make you rich.

What is cryptocurrency?

Blockchain and cryptocurrency technologies have changed the game, creating numerous opportunities for all investors.

But before we continue, what is blockchain?

Blockchain is a digital ledger that keeps track of transactions between cryptocurrency holders. It is initially anonymous as the two parties proceed to exchange in an encrypted manner. And to solve this encryption, it is the computers in the network that decrypt part of the block assigned to them. There is no middleman, the entire network participates and verifies the transaction from start to finish.

Okay, I’m starting to understand what blockchain is all about!

But what is cryptocurrency?

A cryptocurrency is a digital “token” that serves as an exchange value on the network. Either to exchange monetary value and exchange for a fixed currency (euro, dollars, etc.), or to allow its owner to use the services offered by the blockchain technology on which it is located.

There are hundreds of cryptocurrencies, all of which can be converted into euros or dollars. Here is an incomplete list of the most famous:

  • Bitcoin
  • Ethereum
  • xrp
  • Litecoin
  • USD c
  • DogeCoin

Investing in the stock market or a new cryptocurrency?

The correct answer is both! But let’s clear things up anyway. Investing in the stock market is often similar to buying shares in a publicly traded company. With a long-term vision of profit. To get this action, you have to invest in its total value. For example, if an action costs €100, you will have to spend €100 to get it. And your actions will be regulated by the current legislation of the stock market.

For news cryptocurrency, it’s a bit different because you’ll be able to buy it for whole or a fraction of its cost. This has a two-fold advantage:

First : it makes the concept of investment accessible to a small portfolio and also allows you to create a portfolio of digital assets according to your capabilities.

Second : you can easily mix your investments in several cryptocurrencies at the same time. And even if you only own a portion of a cryptocurrency, when it increases in value, the share you own also increases in value.

new cryptocurrencies

Why choose cryptocurrencies?

We are going to discuss how cryptocurrencies differ from stocks. Yields will matter ! Every year when markets rise, cryptocurrencies show a much higher return on investment than stocks over the same time curve. It is not uncommon to see a new cryptocurrency increase in price by more than 1,000% in a year, and sometimes by much less than a week.

However, it should be borne in mind that there are cryptocurrencies very volatile and the fall can be rough. Therefore, as with any investment, you should not invest more than you can afford to lose and spread your risks between several financial products.

As with any financial product, learn about your chosen cryptocurrency, the technology it contains and future projects will provide a necessary foundation before launch. To secure your investment, it is always a good idea to choose a proven cryptocurrency such as Bitcoin or Ethereum.

The future of cryptocurrencies?

Cryptocurrencies have been attracting the attention of banks and governments for several years. Some countries have already created their own virtual currency or, for example, adopted Bitcoin as their national currency.

Cryptocurrencies truly represent the future of the economy, so don’t risk missing out on the best opportunities for profitable investments.