I recently received an email from Twila, Who asked a great question:
Just seen Matt’s video about Bitcoin vs Ethereum.. I want to start investing in cryptocurrencies, but I don’t know where to start. I was recently advised to invest in Dogecoin, but I don’t know how. Do I start with a crypto app? If so, which one? Please give a video explaining these things to a beginner like me. — — Twila..
Many people are interested in investing in cryptocurrencies, but I remembered that they might not know how to get started.
Investing in cryptocurrencies is not the same as investing in stocks. You cannot buy or sell cryptocurrencies on many traditional investment brokerage platforms. And you need to have a way to save your crypto investment.
In this episode of Bull & Bear, If you are a beginner, we will show you how to start investing in cryptocurrencies.
https://www.youtube.com/watch?v=Rl8GFgS8aq0?feature=oembed
Increasing inflow of cryptocurrencies
Despite their volatility Investor It is still piled up in cryptocurrencies as an investment.
In 2021 alone, more than $ 5.7 billion will flow into the crypto market, according to CoinShares. Bitcoin is responsible for most of its inflows for about $ 4.1 billion. Ethereum is approaching $ 1 billion with an influx of investors.
Since the beginning of the year, the assets under management of these cryptocurrencies have exceeded $ 56.8 billion.
In the week ending August 24, 2021, cryptocurrencies saw a total inflow of $ 24 million. Investors have invested more money in crypto for the second straight week than they were taking out.
This bullish source is primarily due to growing investor sentiment towards cryptocurrencies other than Bitcoin.
In 2021 alone, more than $ 5.7 billion will flow into the crypto market, according to CoinShares. Bitcoin is responsible for most of its inflows for about $ 4.1 billion. Ethereum is approaching $ 1 billion with an influx of investors.
Since the beginning of the year, the assets under management of these cryptocurrencies have exceeded $ 56.8 billion.
In the week ending August 24, 2021, cryptocurrencies saw a total inflow of $ 24 million. Investors have invested more money in crypto for the second straight week than they were taking out.
This bullish source is primarily due to growing investor sentiment towards cryptocurrencies other than Bitcoin.
Bull & Bear
Led by Adam O’Dell and a team of financial journalists, traders and professionals Money & Market It provides the information needed to protect nest eggs, increase wealth and protect financial well-being.
You can hear Bull & Bear on Apple podcast, Spotify, Amazon When Google podcast.. Please subscribe and leave a review.
Please be sure to subscribe YouTube channel For more videos like my weekly The latest information on the marijuana market..You can find more investment insights from with Adam Green Zone Fortune Co-editor Charles Sizemore Ask Adam anything And renewal Investing with Charles Each video.
Do you have anything to talk to us? Email thebullandthebear@moneyandmarkets.com And please tell us your thoughts.
check out moneyandmarkets.com, And sign up for our free newsletter, which provides the most important and impartial financial news, commentary, and actionable advice.
Also follow us:
Safe transaction,
Matt Clark, CMSA®
Survey analyst, Money & Market
Matt Clark is a research analyst Money & Market.. He is a Certified Capital Markets & Securities Analyst at the Corporate Finance Institute and In search of alpha..Before joining Money & Market, He has been a journalist and editor for 25 years, responsible for college sports, business and politics.
How to Invest in Cryptocurrency (4 Easy Steps) Source link How to Invest in Cryptocurrency (4 Easy Steps)