Now, Bitcoin And Ethereum Are On My Investment Watchlist
Bitcoin and Ethereum are experiencing a crash now. Which means an opportunity will soon be opening up for those seeking to add them to their investment portfolio. Bitcoin has dropped more than 30% in the last four weeks while Ethereum has dropped over 50% in the same time period.
I have been reading up lately about the future of cryptocurrencies, especially Bitcoin and Ethereum. And one thing has become very certain — they are here to stay and will play a huge role in the future of financial transactions.
They have been notoriously volatile. Been pushed by speculators and online criminals who demand payment in cryptocurrencies (especially Bitcoin). Then I hear Nigerians who know very little about technology talk up the huge rewards in Bitcoin. And almost all the new investment ponzi schemes are now using Bitcoin as primary mode of transaction. All these made me stay away. It was like 2008 all over again — when everyone was talking about the wonders of stocks.
The results of my research on cryptocurrencies point out that Bitcoin and Ethereum are the most reputable. They are at the forefront of the cryptocurrency race. Bitcoin has established itself as a widely acceptable cryptocurrency while Ethereum is seen as the most secure crytocurrency with lots of corporate/technological back-up.
My investment strategy is to wait for them to drop to or close to their last year prices and then I will invest in cyptocurrency funds like Alpari’s CryptA Capital which I have already opened account for. I am also checking out eToro.
I will keep you all updated on how it all goes.
Originally published at www.olafusimichael.com.