Direct investment is a fast but rather dangerous way to make money from cryptocurrency. If you don’t have time and resources for mining, you can buy cryptocurrency on the exchange. Over the past few years, Bitcoin has attracted the attention of numerous investors with tremendous returns.
Anyone can purchase crypto coins at any time, but there are certain times when profits (and losses) peak. It is Initial Coin Offering (ICO). Those familiar with stock investment will find that virtual currency disclosure is very similar to IPO.
Virtual currency disclosure is when the virtual coin is first introduced, and at this time, the coin has no value yet. At this time, potential investors can decide whether to invest. If this cryptocurrency succeeds in listing and transactions are activated, the value of the coin increases, allowing investors to earn profits.
There are many stories of a tremendous rise in the value of Bitcoin, but what investors should always keep in mind is that the value of cryptocurrency fluctuates significantly. For example, over the past six months, the value of Bitcoin has repeatedly increased and decreased significantly.
In general, cryptocurrency is quite volatile. The fact that the value of Bitcoin has risen significantly over the past few years does not lead to a guarantee that its value will continue to rise.
The advice I would like to give here is to invest an amount that would not matter if you lost it. I hope you don’t waste all your hard-earned money on the promise that you might get a decent return. You may be lucky, but you may lose a lot of money.