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LESSON #3
INVEST. PART 4
Where Can I Buy Cryptocurrencies?
Cryptocurrencies are bought on exchanges, like Midas.Investments
or Coinbase. The popular coins are available on most exchanges. Smaller or more niche coins, however, are not.
If you’re interested in any of these niche altcoins, it’s wise to first research which
exchange offers them before signing
up for an account
What Crypto Should I
Invest in
Long-Term?
The top-performing coins are good bets for long-term investments, as are the coins based on systems
with proven value, such as exchange platforms
Bitcoin has, to date, proven to be a good investment. For those who already hold Bitcoin, it will likely prove to be a good long-term investment. Because BTC
is widely used to buy other altcoins
on exchanges, there’s a good bet that
it will retain its value
The rise of DeFI and decentralized apps
has shown Ethereum to be a useful platform. There is value in usefulness, making Ethereum another relatively safe bet for the long term
Binance
coin
The value in Binance coin lies in it being tied to the world’s largest crypto exchange. As cryptocurrency gains mainstream acceptance, there will be an increased need for exchanges. And, as exchanges are essential to the crypto market, they will be around for the long term, making Binance a good contender
for long-term investment
Midas
coin
Midas Coin is also connected to
an exchange, Midas.Investments, giving
it value and providing investors assurance that it won’t fizzle out. As the Midas platform grows, so too will the coin.
In terms of potential, Midas is worth keeping an eye on
Solana
Solana is a scalable blockchain that supports app development and hosting. It has seen
a considerable rise in value since January of 2021, rising to $3 dollars in late June 2021. Compared to Bitcoin, at $45,000, it’s not much. But compared to Solano’s value a year ago – less than $1 – the current price is great news for anyone who bought in early 2020.
The current rise roughly follows the trajectory of Bitcoin. Whether it can maintain this new price remains to be seen. However, the adoption of Solana by developers points
to it having a potentially strong future
Conclusion
Only time will tell if crypto is a good long-term investment. There are several signs, such as institutional buy-in, pointing to confidence
in crypto, though
About opportunities
in the crypto
There are definite opportunities to make money
in crypto. From finding the next rising star to
holding on as values rise over time to invest
in a DeFi project, there are several approaches
to crypto investing
Be careful choosing
a DeFi solution
Thorough research is essential when looking for a DeFi project to get into. Pick the wrong one, and you could lose money when it shuts down. If security flaws
are discovered, it could leave your crypto vulnerable
to theft from hackers. Before transferring funds, be sure you are comfortable with the safety protocols
the DeFi provider is using
© 2017-2021
API
Where Can
I Buy Crypto-currencies?
Cryptocurrencies are bought on exchanges, like Midas.Investments or Coinbase. The popular coins are available on most exchanges. Smaller or more niche coins, however, are not. If you’re interested in any of these niche altcoins, it’s wise to first research which
exchange offers them before signing up for an account
What Crypto Should I Invest in Long-Term?
The top-performing coins are good
bets for long-term investments, as are the coins based on systems with proven value, such as exchange platforms
Bitcoin has, to date, proven to be
a good investment. For those who already hold Bitcoin, it will likely
prove to be a good long-term investment. Because BTC is widely
used to buy other altcoins on exchanges, there’s a good bet that
it will retain its value
The rise of DeFI and decentralized apps has shown Ethereum to be a useful platform. There is value in usefulness, making Ethereum another relatively safe bet for the long term
Midas Coin is also connected to
an exchange, Midas.Investments,
giving it value and providing investors assurance that it won’t fizzle out. As the Midas platform grows, so too will the coin. In terms of potential, Midas
is worth keeping an eye on
Solana is a scalable blockchain that supports app development and hosting. It has seen a considerable rise in value since January of 2021, rising to $3 dollars in late June 2021. Compared
to Bitcoin, at $45,000, it’s not much.
But compared to Solano’s value a year ago – less than $1 – the current price
is great news for anyone who
bought in early 2020.
The current rise roughly follows the trajectory of Bitcoin. Whether it can maintain this new price remains to be seen. However, the adoption of Solana by developers points to it having
a potentially strong future
Only time will tell if crypto
is a good long-term investment. There are several signs, such as institutional buy-in, pointing
to confidence in crypto, though
There are definite opportunities to make money in crypto. From finding the next rising star to holding on as values rise over time to invest
in a DeFi project, there are several approaches to crypto investing
Be careful choosing a DeFi solution
Thorough research is essential when looking for a DeFi project to get into. Pick the wrong one, and you could lose money when it shuts down. If security flaws are discovered, it could leave
your crypto vulnerable to theft from hackers. Before transferring funds, be sure you are comfortable with the
safety protocols the DeFi
provider is using
GOT IT?
Ethereum
Bitcoin