You are viewing a single comment's thread from:

RE: Make a living by investing only $100 a month into cryptocurrency

in #cryptocurrency7 years ago

Yes! People often think to purchase cryptocurrencies that are already well-established and rather expensive compared to other coins. This is partially due to the fact that the market is seen as volatile and unpredictable, so people may be scared to buy into a currency that they have never heard of or that seems 'small,' in a way. However, that is usually the way to go -- you'll see bigger returns by investing in a currency that is still rather cheap and 'small,' comparatively speaking. There is always the risk that the currency will not reach the heights that one hopes (and it's easy to get sucked into buying FOMO when there are hyper-enthusiastic bloggers, subreddits and Youtubers for nearly every coin). But, with careful research and prudent investments (i.e. only spending money that you can lose), there are a lot of exciting possibilities.