Should you invest in cryptocurrencies? Here are 5 steps to follow
Cryptocurrency investment: During great booms and busts, there is always much more noise than real signals to buy or sell. But a shrewd trader/investor always has the ability to see through the near-term noise and extreme price fluctuations and take a directional bet. This column believes that while money will still be made in the crypto space, the days of easy money are far behind us. Everybody is a genius in a rising market, but those who can make money or even limit their downside in a falling or sideways market will build wealth over the long term
Cryptocurrency investment: Investing in a cryptocurrency can be viewed as buying equity stock of a firm from the point of view of risk management and doing your due diligence before buying. Image source: PTI