Investing in Cryptocurrencies – A quick guide – TechGenyz

The crypto boom may be over, but it’s still changed the face of online payments forever. Whether it’s the anonymity of paying through crypto or the extra security provided by blockchain – a technology some industries have begun to incorporate to provide more secure service – it’s something many have embraced as part of their financial lives.

Beyond anything else, it also represents an intriguing investment opportunity that many people have taken advantage of. We’ve all probably had about ten million “Get rich quick with this one simple Bitcoin purchase” spam emails over the last few years. This is paired with crypto’s relative notoriety amongst most of the public for its use making purchases on the dark web may instill a bit of doubt.

That’s sensible to an extent. Bitcoin’s economy famously exploded – reaching $19,783 per coin in December of 2017 – and is generally regarded as trickier to trade with as a short term investment.

Much has changed since 2017. However, there’s a ton of different cryptocurrencies available to pay with and invest in now, as countries and companies both seek to use the underlying blockchain technology to launch their own.

Bitcoin may be the poster child, and it may still hold the majority of the market, but it’s only a matter of time until it faces some sincere competition. It can be overwhelming, investing in crypto. There are so many choices, so many outright scams, or, more worryingly, convincing ones to navigate through. So what’s the