Have you ever heard the term &ldquo;<a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-miner/">cryptocurrency miner</strong></a>&rdquo;? Well, this is what Proof-of-Work refers to - miners are people who employ their computers (or other special devices) to earn cryptocurrency for them! <strong>Miners earn crypto for confirming transactions happening on the blockchain</strong> - such as your transaction, where you send Tim your Bitcoin.</p>\n<p>As you might imagine, this is an entire, huge topic, in of its own! For now, though, just keep in mind what I said earlier - when you perform the transaction, it&rsquo;s placed in a queue, on the blockchain, and awaits confirmation. Now, if your transaction is legitimate, it will receive all of the required confirmations, and the Bitcoin that you&rsquo;ve sent will reach Tim&rsquo;s wallet in no time.</p>\n<p>On the flip side, if you decide to &ldquo;trick the system&rdquo;, and try to perform some sort of a hacker-like faulty transaction, it will get denied, pretty fast - <strong>that&rsquo;s the magic of consensus algorithms and blockchain security!</strong></p>\n<p>You should be aware of this entire process if you&rsquo;re looking at how does investing in cryptocurrency work, as well. As you purchase crypto, or perform any other transactions, many of those processes will be happening in the background!</p>\n<p>All of that being said, that&rsquo;s essentially how crypto transactions work! Mind you, as we&rsquo;ve established earlier, each cryptocurrency is going to have this process look a bit different from the other. Especially nowadays, with so many new blockchain projects constantly springing up, all around. The premise, though, will remain the same, either way!</p>\n<h2>Why Should You Know How Cryptocurrencies Work?</h2>\n<p>So, then - now that you have a general idea of how cryptocurrencies work, it&rsquo;s also worth addressing the &ldquo;why&rdquo; - specifically, <strong>why it&rsquo;s important to know this</strong>, in the first place!</p>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"How does cryptocurrency work: Why should you know how cryptocurrencies work?\" src=https://www.bitdegree.org/"https://assets.bitdegree.org/crypto/storage/media/how_does_cryptocurrency_work_05.o.jpg/" alt=\"How does cryptocurrency work: Why should you know how cryptocurrencies work?\" width=\"1000\" height=\"585\" /></p>\n<p>Naturally, since you&rsquo;re reading this, you do probably already have some reasons of your own. However, the point that I want to emphasize is that EVERYONE should learn about crypto - how it works, what happens during transactions, and so on.</p>\n<p>The biggest reason for why that&rsquo;s the case is pretty simple, actually - <strong>with crypto becoming as popular as it is, it&rsquo;s being integrated into our everyday lives! </strong>While the integrations are still very slow, I urge you to think about it - the simplest example would be major payment gateways, such as PayPal and Visa starting to accept and perform cryptocurrency transfers.</p>\n<p>Following that, if you understand how cryptocurrencies work, <strong>you will also have a much better chance of protecting yourself from potential scams and hacking attempts. </strong>No malicious individual or organization will be able to come in and trick you, since you will already understand the differences between a normal cryptocurrency transaction, and some shady dealing happening in the background.</p>\n<p>Lastly, learning about how cryptocurrencies work is also one of the very first steps that you can take when it comes to studying the crypto world, as a whole! Cryptocurrencies, and the blockchain technology behind them, are some of the core, essential elements that make up the entire industry.</p>\n<p>This is very true if you want to look into how does the crypto market work, or even how does investing in cryptocurrency work, as well! When you understand the technology behind crypto, and what happens during transactions, you&rsquo;ll be much better-equipped to start your investment journey!</p>\n<p>All that you need to do in order to understand the importance of crypto tech is <strong>take a look at <a href=https://www.bitdegree.org/"/crypto/learn/what-is-defi/">DeFi, or decentralized finance.</strong> It&rsquo;s a new-and-emerging form of finance, and one that already houses some huge investors, and incredible amounts of money. Well, no matter if it&rsquo;s a cryptocurrency lending platform, a gambling game based on blockchain technology, or some sort of a wallet project, everything essentially boils down to the very fundamentals of how cryptocurrencies work!</p>","preview_url":"https://www.bitdegree.org/crypto/learn/how-does-cryptocurrency-work","youtube_video":{"id":119,"channel_id":1,"sort":27,"video_title":"How Does Cryptocurrency Work? (Explained with Animation)","description":"How does cryptocurrency work?\n\nThese days, transacting with cryptocurrencies has become a pretty common practice. Whether it be trading, sending crypto to friends, or even participating in DeFi activities, oftentimes, we don’t really think about what’s happening in the background.\n\nIn this video, I aim to address just that! I’ll tell you how does cryptocurrency work, from the perspective of what happens when you perform a cryptocurrency transaction. I’ll also talk about what makes cryptocurrenies unique, and explore some reasons why all of this should matter to you, in the first place!\n\nDo you know some examples of a unique crypto working model? If so, do share them in the comments down below!\n\nVideo Time Table:\n\n0:00 Introduction to How Does Cryptocurrency Work\n0:58 What Makes Cryptocurrencies Unique?\n4:24 What Happens During a Crypto Transaction?\n6:49 Why Should You Know How Cryptocurrencies Work?\n8:39 Wrap-up: How Does Cryptocurrency Work?\n\nMore Related Videos:\n\n? What is a Cryptocurrency?\nhttps://www.youtube.com/watch?v=eVLUrZtKhBk\n? What is Blockchain?\nhttps://www.youtube.com/watch?v=O2-XxMo5PFs\n? Blockchain Transaction Easily Explained\nhttps://www.youtube.com/watch?v=h1zkHIBFiS4\n\nGet Quick Crypto Tips on Twitter - Follow:\nhttps://twitter.com/crypto_xplained\n\n#HowDoesCryptocurrencyWork #HowDoesCryptoWork #WhatisCryptocurrencyandHowDoesitWork","video_id":"rAtJ7Lw90KA","duration":549,"view_count":507,"thumbnail_url":"https://i.ytimg.com/vi/rAtJ7Lw90KA/hq720.jpg","thumbnail_width":1280,"thumbnail_height":720,"published_at":"2022-08-31 15:21:42","created_at":"2022-08-31T23:00:02.000000Z","updated_at":"2023-05-21T23:00:04.000000Z","channel":{"id":1,"title":"CryptoFinallyExplained","channel_id":"UCOryUY0yxC08eJtK23mNgiA","main_playlist_id":"UUOryUY0yxC08eJtK23mNgiA"}}},"chapterTitle":"Cryptocurrencies","cryptoBookSection":{"id":35,"featured_image_id":7970,"original_id":null,"youtube_video_id":124,"author_id":42,"translator_id":null,"chapter_id":2,"title":"Is Cryptocurrency a Good Investment? The Pros & Cons","slug":"is-cryptocurrency-a-good-investment","definition":"Did you know that the Bitcoin price in 2009 was barely above zero? Nowadays, it costs thousands of dollars.","status":"published","content":"<p>In this section, we&rsquo;re going to answer the question - <strong>is cryptocurrency a good investment?</strong></p>\n<p>&nbsp;</p>\n<p>If you&rsquo;re reading this, it&rsquo;s probably no secret that you&rsquo;re interested in cryptocurrencies. As you should be - the crypto industry has seen some unparalleled growth over the past few years!</p>\n<p>That said, however, online, on social media platforms, there&rsquo;s a constant mixture of good and bad news surrounding the crypto space. One day the market is experiencing unprecedented growth, while the other - everything&rsquo;s crashing down rapidly! All of that might lead you to wonder - is crypto a good investment?</p>\n<p>In this section, <strong>we&rsquo;re going to talk about</strong> <strong>investing in crypto.</strong> To be a bit more specific, we&rsquo;ll address the questions of what&rsquo;s the general appeal of crypto, to begin with, what are the pros and cons of investing in this industry, and wrap things up with a clear conclusion, too.</p>\n<p><em>Without further ado, let&rsquo;s get to it!</em></p>\n<h2>What&rsquo;s the Appeal of Investing in Crypto?</h2>\n<p>So, naturally, the first question that we should look into is this - what&rsquo;s the actual appeal of investing in crypto, and why do so many people do it nowadays?</p>\n<p>Well, as you might probably expect, there isn&rsquo;t a single answer to this question. Let&rsquo;s still look at some of the more-common ones, however.</p>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"Is cryptocurrency a good investment: What's the appeal of investing in crypto?\" src=https://www.bitdegree.org/"https://assets.bitdegree.org/crypto/storage/media/should_you_invest_in_crypto_01.o.jpg/" alt=\"Is cryptocurrency a good investment: What's the appeal of investing in crypto?\" width=\"1000\" height=\"393\" /></p>\n<p>First of all, cryptocurrencies are still relatively new. This opens them up to being <strong>a very speculatory asset class</strong> - no one really knows how much a crypto asset &ldquo;should&rdquo; be worth, and thus, there&rsquo;s potentially some money to be made, if you&rsquo;re lucky enough!</p>\n<p>Imagine it like this - let&rsquo;s say that scientists have just discovered a new form of apples. These apples are super-healthy, juicy, delicious, and can stay fresh for a very long period of time. How much would an apple like that be worth?</p>\n<p>Well, straight off the bat, no one would know! Do these apples have any downsides? Are they rare, and difficult to grow, or maybe in a year or so, everyone will have this type of an apple tree in their garden? Again - there&rsquo;s a lot of speculation involved, and the price of that apple might sway quite a bit!</p>\n<p>Same as with those apples, <strong>people love to speculate about certain cryptocurrencies</strong>, as well. Which of them will grow in price, and which will fall? How can you maximize your potential returns? These and many more questions lead people to wonder - is cryptocurrency a good investment?</p>\n<p>Another big reason why certain individuals might want to invest in the space is simply because <strong>it&rsquo;s an innovation.</strong> As I&rsquo;ve pointed out a few times already, crypto is still very new - as time goes on, though, it&rsquo;s becoming increasingly more adopted, by the day. Some people might simply enjoy being &ldquo;ahead of the curve&rdquo;, and want to participate in this technological advancement, as early as possible.</p>\n<p>A common example here would be the internet, in the early 2000s. When it just came about, there were countless numbers of skeptics who thought that it&rsquo;s just a fad, and that it would go away in a few months or years. Well, as you probably know, the reality is very different! Many people hope that the same will be true with crypto, too.</p>\n<p>There are multiple additional reasons for why individuals are wondering - is cryptocurrency a good investment? That being said, though, if you&rsquo;re one of those people who strive to be an early investor, simply because you love the technology behind the concept, <strong>make sure to check out other sections on our Crypto 101 Handbook</strong> - there are countless sections about all-things-crypto, to help you understand the space better!</p>\n<h2>The Pros &amp; Cons of Investing in Crypto</h2>\n<p>Moving on, let&rsquo;s now take a look at some of the biggest pros and cons of investing in cryptocurrencies. Once you have them laid out clearly, in front of you, the decision will be much simpler to make!</p>\n<p><strong>Let&rsquo;s start with the pros.</strong></p>\n<p>The very first benefit of investing in cryptocurrencies is the joint <strong>anonymity &amp; transparency</strong> factor. When you invest in crypto, you are able to remain completely anonymous while doing so, if you wish to.</p>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"Is cryptocurrency a good investment: Anonymity &amp; Transparency.\" src=https://www.bitdegree.org/"https://assets.bitdegree.org/crypto/storage/media/should_you_invest_in_crypto_02.o.jpg/" alt=\"Is cryptocurrency a good investment: Anonymity &amp; Transparency.\" width=\"1000\" height=\"489\" /></p>\n<p>These days, with regulations getting stricter, it&rsquo;s something that&rsquo;s becoming increasingly more difficult to do. However, crypto enthusiasts still find ways to achieve at least partial <strong>anonymity</strong> - it all depends on just how far you&rsquo;re willing to go!</p>\n<p><strong>Transparency</strong> is another key factor to consider, in that equation. Cryptocurrencies are based on blockchain technology, which is, by default, transparent. Unless we&rsquo;re talking about some niche private blockchain, public ledgers will allow everyone to come in and check the code behind them, and search for various potential bugs and issues.</p>\n<p>All crypto transactions that are performed on such blockchains are public, as well. However, they won&rsquo;t have your name attached to them - instead, only your <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-address/">wallet address</strong></a> will be shown to the observer, which does, once again, prove the anonymity aspect of the entire ordeal.</p>\n<p>If you&rsquo;d like to learn more about how all of this works, you can check out the section on <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/learn/decentralized-blockchain/">blockchain decentralization and anonymity</strong></a> - I go more in-depth into this topic there.</p>\n<p>Next up - <strong>the chance to earn huge returns on your investment.</strong></p>\n<p>Yes, this one&rsquo;s a bit obvious, but it can still be considered somewhat of a benefit, or a &ldquo;pro&rdquo; of investing in crypto. That&rsquo;s simply because there isn&rsquo;t any other popular financial field that would allow you to earn such potential returns!</p>\n<p>A large part of the crypto appeal is the fact that this industry has managed to <strong>turn multiple people into millionaires, overnight.</strong> It&rsquo;s like you playing in a lottery, but one that would allow you to increase and decrease your odds, depending on how well you&rsquo;ve done your research.</p>\n<p>Of course, everything is never as simple as it seems, and there are huge downsides that accompany this factor, as well. We&rsquo;ll talk about them later, though - for now, just keep in mind that many people would answer the question of &ldquo;should you invest in crypto?&rdquo; by giving you this very reason to do so - <strong>the potential for huge returns.</strong></p>\n<p>Moving on, another huge pro of investing in cryptocurrencies is the fact that, as I&rsquo;ve pointed out earlier, there are seemingly <strong>countless ways to do so.</strong> And no, I&rsquo;m not talking about using different exchange platforms to buy your crypto - instead, I&rsquo;m referencing the variety of choices that this space houses.</p>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"Is cryptocurrency a good investment: Variety of choices.\" src=https://www.bitdegree.org/"https://assets.bitdegree.org/crypto/storage/media/should_you_invest_in_crypto_03.o.jpg/" alt=\"Is cryptocurrency a good investment: Variety of choices.\" width=\"1000\" height=\"539\" /></p>\n<p>If you want to take the &ldquo;traditional&rdquo; path, you COULD go ahead, register on an exchange, and purchase crypto this way. On the other hand, there&rsquo;s also the <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/learn/what-is-defi/">DeFi (or, decentralized finance) space to explore, with all of the different services that it offers. Then, there are <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/learn/what-are-nfts/">NFTs, which are a whole separate world, in of themselves.</p>\n<p><strong>These few categories then split off into a huge array of smaller subcategories</strong> - crypto borrowing and lending, advanced trading tools, royalty earnings with NFTs, different investment strategies, DAOs, and so on, and so forth. Each of these topics deserve a separate section of their own - I&rsquo;ve already covered quite a few of them in our Crypto 101 Handbook, so don&rsquo;t forget to check it out!</p>\n<p>One more huge &ldquo;pro&rdquo; of investing in cryptocurrencies is the fact that this financial field is often considered to be <strong>much more approachable than traditional finance</strong>, at least for the younger generation. That&rsquo;s due to the fact that crypto is constantly popping up in various pop-culture events, especially when it comes to memes.</p>\n<p>Think about it yourself - Elon Musk and his support for Dogecoin, the surge of animal-themed coins and tokens, that whole situation with the WallStreetBets subreddit, and so on. Combine that with the fact that you can start investing in crypto with as little as a few dollars, and you can see why many people from the younger generation are wondering - <em>should I buy crypto?!</em></p>\n<p>With all of that being said, however, we couldn&rsquo;t really finish off this section without talking about the negative aspects of investing in space, too. At the very top of these cons, you will find <strong>market volatility.</strong></p>\n<p><strong><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"Is cryptocurrency a good investment: Market volatility.\" src=https://www.bitdegree.org/"https://assets.bitdegree.org/crypto/storage/media/should_you_invest_in_crypto_04.o.jpg/" alt=\"Is cryptocurrency a good investment: Market volatility.\" width=\"1000\" height=\"1067\" /></strong></p>\n<p>It&rsquo;s something that I&rsquo;ve explored earlier when talking about the appeal of crypto. Remember that example with the special apple? Well, sure - the price (or, worth) of that apple could go up, and make you a lot of money! However, it could also crash down, when you find out that all of your friends and neighbors have also acquired a huge amount of these apples.</p>\n<p>The same is true with crypto, as well. With it being so new and, frankly, still poorly regulated, <strong>no one really knows how much this technology is worth</strong>, and the speculatory nature of this ordeal can really put a dent in your wallet! Say, you decide to buy <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-bitcoin-btc/">BTC when it&rsquo;s worth $60,000, only to find that it has crashed all the way down to $30,000 the next week. That&rsquo;s not a nice feeling to experience, especially if you only wanted to make a bit of profit, and aren&rsquo;t &ldquo;in it&rdquo; for the long run!</p>\n<p>Another big con that you should consider before investing in crypto is that this space is still <strong>not properly regulated</strong>, in most areas around the world. Governments are trying to change this, but these bureaucratic processes are usually very slow and tedious.</p>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"Is cryptocurrency a good investment: Poorly regulated.\" src=https://www.bitdegree.org/"https://assets.bitdegree.org/crypto/storage/media/should_you_invest_in_crypto_05.o.jpg/" alt=\"Is cryptocurrency a good investment: Poorly regulated.\" width=\"1000\" height=\"1045\" /></p>\n<p>Why does this matter? Well, <strong>it&rsquo;s very easy to get scammed</strong>, or face tax-related issues when you&rsquo;re dealing with an unregulated financial market. There are little-to-no fail-safes, and you become completely responsible for whatever happens to your assets. It requires a lot of knowledge and time in the market in order to make the smartest possible decisions!</p>\n<h2>Final Thoughts</h2>\n<p>To finish off, let&rsquo;s wrap it up by stepping back, and taking a look at the question - <strong>should you invest in crypto?</strong></p>\n<p>Well, I believe that cryptocurrencies &amp; crypto technology is a really cool innovation, and one that&rsquo;s still very young. This means that there are going to be a lot of issues associated with it, and a lot of things that still need to be figured out. I mean, you could say that one of the cons of investing in crypto today is the fact that there are still very limited use cases for this technology!</p>\n<p>As time goes on, though, it&rsquo;s obvious that crypto is becoming more and more adapted into our everyday lives. If you&rsquo;re a fan of innovations, this is super-exciting! Whatever the case might be, however, and whatever you might decide to do, just keep in mind that, as of me writing this section, the space is still quite unpredictable, and <strong>you need to be very cautious with everything that you do!</strong></p>","meta_title":"Is Cryptocurrency a Good Investment? Pros, Cons, and Risks","meta_description":"Is Cryptocurrency a Good Investment? Read this and discover all the benefits, drawbacks, and dangers of investing in cryptocurrencies.","meta_keywords":"is cryptocurrency a good investment, is crypto a good investment, should i buy crypto, should you invest in crypto, how much should you invest in crypto, why you should invest in crypto, how to invest in cryptocurrency.","order":3,"language":"en","created_at":"2022-08-25T07:31:40.000000Z","updated_at":"2022-10-05T10:34:01.000000Z","modified_content":"<p>In this section, we&rsquo;re going to answer the question - <strong>is cryptocurrency a good investment?</strong></p>\n<p>&nbsp;</p>\n<p>If you&rsquo;re reading this, it&rsquo;s probably no secret that you&rsquo;re interested in cryptocurrencies. As you should be - the crypto industry has seen some unparalleled growth over the past few years!</p>\n<p>That said, however, online, on social media platforms, there&rsquo;s a constant mixture of good and bad news surrounding the crypto space. One day the market is experiencing unprecedented growth, while the other - everything&rsquo;s crashing down rapidly! All of that might lead you to wonder - is crypto a good investment?</p>\n<p>In this section, <strong>we&rsquo;re going to talk about</strong> <strong>investing in crypto.</strong> To be a bit more specific, we&rsquo;ll address the questions of what&rsquo;s the general appeal of crypto, to begin with, what are the pros and cons of investing in this industry, and wrap things up with a clear conclusion, too.</p>\n<p><em>Without further ado, let&rsquo;s get to it!</em></p>\n<div class=\"container\">\n <div class=\"row justify-content-center\">\n <div class=\"col-md-10 comparison-suggestion pb-3 mb-4\">\n <div class=\"d-flex flex-row\">\n <div class=\"text-center\">\n <div class=\"img-block-yt\">\n <img src=https://www.bitdegree.org/"https://assets.bitdegree.org/crypto/assets/images/compare-crypto-exchanges.gif/"/n alt=\"Is Cryptocurrency a Good Investment? (5 PROS &amp; CONS!)\"\n title=\"Is Cryptocurrency a Good Investment? (5 PROS &amp; CONS!)\" class=\"border-0\">\n <p>Video Explainer</p>\n </div>\n </div>\n <div class=\"col-xs-10 col-sm-10 col-md-10 text-left py-3 yt-info\">\n <h4 class=\"mb-1\">Video Explainer: Is Cryptocurrency a Good Investment? The Pros & Cons</h4>\n <p class=\"py-1 mb-0 youtube-video-subtitle\">Reading is not your thing? Watch the \"Is Cryptocurrency a Good Investment? The Pros & Cons\" video explainer</p>\n </div>\n </div>\n <div class=\"row justify-content-center text-center\">\n <div class=\"col-12 col-md-11 px-3\">\n <div class=\"wrapper mb-0\">\n <div class=\"youtube mb-4 bg-transparent p-0 video-modal-popup\" data-toggle=\"modal\"\n data-target=\"#video-modal\" data-id=\"cqVkgcEa5NI\" data-title=\"CryptoFinallyExplained\">\n <div class=\"video-gradient-top\"></div>\n <p class=\"text-left dyk-video-title\">Is Cryptocurrency a Good Investment? (5 PROS &amp; CONS!)</p>\n <img src=https://www.bitdegree.org/"https://i.ytimg.com/vi/cqVkgcEa5NI/hq720.jpg/"/n alt=\"Is Cryptocurrency a Good Investment? (5 PROS &amp; CONS!)\"\n title=\"Is Cryptocurrency a Good Investment? (5 PROS &amp; CONS!)\"\n class=\"p-0\">\n <img class=\"play-button\" data-target=\"#video-modal\"\n src=https://www.bitdegree.org/"https://assets.bitdegree.org/crypto/assets/video-button.png/"/n alt=\"Is Cryptocurrency a Good Investment? (5 PROS &amp; CONS!)\">\n </div>\n </div>\n </div>\n </div>\n <div class=\"row justify-content-center text-center\">\n <div>\n <a href=https://www.bitdegree.org/"https://www.youtube.com/c/CryptoFinallyExplained?sub_confirmation=1\%22\n class=\"btn yt-promo mb-2\" target=\"_blank\" rel=\"nofollow noopener\">\n <div class=\"row justify-content-center align-items-center mx-0 text-center\">\n <div class=\"col-4 col-md-4\">\n <i class=\"fab fa-youtube yt-dyk-btn\"></i>\n </div>\n <div class=\"col-8 col-md-8 text-center yt-promo-text\">\n <h4 class=\"m-0 text-white\">SUBSCRIBE</h4>\n <span>ON YOUTUBE</span>\n </div>\n </div>\n </a>\n </div>\n </div>\n </div>\n </div>\n</div>\n<div class=\"modal fade\" id=\"video-modal\" tabindex=\"-1\" role=\"dialog\" aria-labelledby=\"cqVkgcEa5NI\">\n <div class=\"modal-dialog modal-dialog-centered modal-lg\" role=\"document\">\n <div class=\"modal-content\">\n <div class=\"modal-body p-0\">\n <button type=\"button\" class=\"video-modal-close close\" data-dismiss=\"modal\" aria-label=\"Close\">\n <i aria-hidden=\"true\" class=\"fas fa-times\"></i>\n </button>\n <div id=\"iframe\"></div>\n </div>\n <a class=\"text-decoration-none\"\n href=https://www.bitdegree.org/"https://www.youtube.com/c/CryptoFinallyExplained?sub_confirmation=1\%22\n rel=\"nofollow noopener\" target=\"_blank\">\n <div class=\"modal-footer p-0 d-block bg-white\">\n <div class=\"row justify-content-center m-0\">\n <div class=\"col-3 col-md-4 col-lg-2 p-0\">\n <img class=\"w-100 h-100\" src=https://www.bitdegree.org/"https://assets.bitdegree.org/crypto/assets/crypto-subscribe.jpg/" alt=\"Subscribe\">\n </div>\n <div class=\"col-9 col-md-8 col-lg-2 px-0 d-flex\">\n <div class=\"modal-subscribe w-100\">\n <p class=\"m-0 mt-1 mr-3\">SUBSCRIBE<br>\n <span class=\"m-0\">ON YOUTUBE</span>\n </p>\n </div>\n </div>\n <div class=\"col-12 col-md-12 col-lg-8 p-0 text-center d-flex justify-content-center align-items-center\">\n <div class=\"modal-subscribe-text\">\n <h4 class=\"m-0\">Understand crypto with ease</h4>\n <span>New explainer videos every week!</span>\n </div>\n </div>\n </div>\n </div>\n </a>\n </div>\n </div>\n</div>\n<h2>What&rsquo;s the Appeal of Investing in Crypto?</h2>\n<p>So, naturally, the first question that we should look into is this - what&rsquo;s the actual appeal of investing in crypto, and why do so many people do it nowadays?</p>\n<p>Well, as you might probably expect, there isn&rsquo;t a single answer to this question. Let&rsquo;s still look at some of the more-common ones, however.</p>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"Is cryptocurrency a good investment: What's the appeal of investing in crypto?\" src=https://www.bitdegree.org/"https://assets.bitdegree.org/crypto/storage/media/should_you_invest_in_crypto_01.o.jpg/" alt=\"Is cryptocurrency a good investment: What's the appeal of investing in crypto?\" width=\"1000\" height=\"393\" /></p>\n<p>First of all, cryptocurrencies are still relatively new. This opens them up to being <strong>a very speculatory asset class</strong> - no one really knows how much a crypto asset &ldquo;should&rdquo; be worth, and thus, there&rsquo;s potentially some money to be made, if you&rsquo;re lucky enough!</p>\n<p>Imagine it like this - let&rsquo;s say that scientists have just discovered a new form of apples. These apples are super-healthy, juicy, delicious, and can stay fresh for a very long period of time. How much would an apple like that be worth?</p>\n<p>Well, straight off the bat, no one would know! Do these apples have any downsides? Are they rare, and difficult to grow, or maybe in a year or so, everyone will have this type of an apple tree in their garden? Again - there&rsquo;s a lot of speculation involved, and the price of that apple might sway quite a bit!</p>\n<p>Same as with those apples, <strong>people love to speculate about certain cryptocurrencies</strong>, as well. Which of them will grow in price, and which will fall? How can you maximize your potential returns? These and many more questions lead people to wonder - is cryptocurrency a good investment?</p>\n<p>Another big reason why certain individuals might want to invest in the space is simply because <strong>it&rsquo;s an innovation.</strong> As I&rsquo;ve pointed out a few times already, crypto is still very new - as time goes on, though, it&rsquo;s becoming increasingly more adopted, by the day. Some people might simply enjoy being &ldquo;ahead of the curve&rdquo;, and want to participate in this technological advancement, as early as possible.</p>\n<p>A common example here would be the internet, in the early 2000s. When it just came about, there were countless numbers of skeptics who thought that it&rsquo;s just a fad, and that it would go away in a few months or years. Well, as you probably know, the reality is very different! Many people hope that the same will be true with crypto, too.</p>\n<p>There are multiple additional reasons for why individuals are wondering - is cryptocurrency a good investment? That being said, though, if you&rsquo;re one of those people who strive to be an early investor, simply because you love the technology behind the concept, <strong>make sure to check out other sections on our Crypto 101 Handbook</strong> - there are countless sections about all-things-crypto, to help you understand the space better!</p>\n<h2>The Pros &amp; Cons of Investing in Crypto</h2>\n<p>Moving on, let&rsquo;s now take a look at some of the biggest pros and cons of investing in cryptocurrencies. Once you have them laid out clearly, in front of you, the decision will be much simpler to make!</p>\n<p><strong>Let&rsquo;s start with the pros.</strong></p>\n<p>The very first benefit of investing in cryptocurrencies is the joint <strong>anonymity &amp; transparency</strong> factor. When you invest in crypto, you are able to remain completely anonymous while doing so, if you wish to.</p>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"Is cryptocurrency a good investment: Anonymity &amp; Transparency.\" src=https://www.bitdegree.org/"https://assets.bitdegree.org/crypto/storage/media/should_you_invest_in_crypto_02.o.jpg/" alt=\"Is cryptocurrency a good investment: Anonymity &amp; Transparency.\" width=\"1000\" height=\"489\" /></p>\n<p>These days, with regulations getting stricter, it&rsquo;s something that&rsquo;s becoming increasingly more difficult to do. However, crypto enthusiasts still find ways to achieve at least partial <strong>anonymity</strong> - it all depends on just how far you&rsquo;re willing to go!</p>\n<p><strong>Transparency</strong> is another key factor to consider, in that equation. Cryptocurrencies are based on blockchain technology, which is, by default, transparent. Unless we&rsquo;re talking about some niche private blockchain, public ledgers will allow everyone to come in and check the code behind them, and search for various potential bugs and issues.</p>\n<p>All crypto transactions that are performed on such blockchains are public, as well. However, they won&rsquo;t have your name attached to them - instead, only your <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-address/">wallet address</strong></a> will be shown to the observer, which does, once again, prove the anonymity aspect of the entire ordeal.</p>\n<p>If you&rsquo;d like to learn more about how all of this works, you can check out the section on <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/learn/decentralized-blockchain/">blockchain decentralization and anonymity</strong></a> - I go more in-depth into this topic there.</p>\n<p>Next up - <strong>the chance to earn huge returns on your investment.</strong></p>\n<p>Yes, this one&rsquo;s a bit obvious, but it can still be considered somewhat of a benefit, or a &ldquo;pro&rdquo; of investing in crypto. That&rsquo;s simply because there isn&rsquo;t any other popular financial field that would allow you to earn such potential returns!</p>\n<p>A large part of the crypto appeal is the fact that this industry has managed to <strong>turn multiple people into millionaires, overnight.</strong> It&rsquo;s like you playing in a lottery, but one that would allow you to increase and decrease your odds, depending on how well you&rsquo;ve done your research.</p>\n<p>Of course, everything is never as simple as it seems, and there are huge downsides that accompany this factor, as well. We&rsquo;ll talk about them later, though - for now, just keep in mind that many people would answer the question of &ldquo;should you invest in crypto?&rdquo; by giving you this very reason to do so - <strong>the potential for huge returns.</strong></p>\n<p>Moving on, another huge pro of investing in cryptocurrencies is the fact that, as I&rsquo;ve pointed out earlier, there are seemingly <strong>countless ways to do so.</strong> And no, I&rsquo;m not talking about using different exchange platforms to buy your crypto - instead, I&rsquo;m referencing the variety of choices that this space houses.</p>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"Is cryptocurrency a good investment: Variety of choices.\" src=https://www.bitdegree.org/"https://assets.bitdegree.org/crypto/storage/media/should_you_invest_in_crypto_03.o.jpg/" alt=\"Is cryptocurrency a good investment: Variety of choices.\" width=\"1000\" height=\"539\" /></p>\n<p>If you want to take the &ldquo;traditional&rdquo; path, you COULD go ahead, register on an exchange, and purchase crypto this way. On the other hand, there&rsquo;s also the <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/learn/what-is-defi/">DeFi (or, decentralized finance) space to explore, with all of the different services that it offers. Then, there are <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/learn/what-are-nfts/">NFTs, which are a whole separate world, in of themselves.</p>\n<p><strong>These few categories then split off into a huge array of smaller subcategories</strong> - crypto borrowing and lending, advanced trading tools, royalty earnings with NFTs, different investment strategies, DAOs, and so on, and so forth. Each of these topics deserve a separate section of their own - I&rsquo;ve already covered quite a few of them in our Crypto 101 Handbook, so don&rsquo;t forget to check it out!</p>\n<p>One more huge &ldquo;pro&rdquo; of investing in cryptocurrencies is the fact that this financial field is often considered to be <strong>much more approachable than traditional finance</strong>, at least for the younger generation. That&rsquo;s due to the fact that crypto is constantly popping up in various pop-culture events, especially when it comes to memes.</p>\n<p>Think about it yourself - Elon Musk and his support for Dogecoin, the surge of animal-themed coins and tokens, that whole situation with the WallStreetBets subreddit, and so on. Combine that with the fact that you can start investing in crypto with as little as a few dollars, and you can see why many people from the younger generation are wondering - <em>should I buy crypto?!</em></p>\n<p>With all of that being said, however, we couldn&rsquo;t really finish off this section without talking about the negative aspects of investing in space, too. At the very top of these cons, you will find <strong>market volatility.</strong></p>\n<p><strong><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"Is cryptocurrency a good investment: Market volatility.\" src=https://www.bitdegree.org/"https://assets.bitdegree.org/crypto/storage/media/should_you_invest_in_crypto_04.o.jpg/" alt=\"Is cryptocurrency a good investment: Market volatility.\" width=\"1000\" height=\"1067\" /></strong></p>\n<p>It&rsquo;s something that I&rsquo;ve explored earlier when talking about the appeal of crypto. Remember that example with the special apple? Well, sure - the price (or, worth) of that apple could go up, and make you a lot of money! However, it could also crash down, when you find out that all of your friends and neighbors have also acquired a huge amount of these apples.</p>\n<p>The same is true with crypto, as well. With it being so new and, frankly, still poorly regulated, <strong>no one really knows how much this technology is worth</strong>, and the speculatory nature of this ordeal can really put a dent in your wallet! Say, you decide to buy <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-bitcoin-btc/">BTC when it&rsquo;s worth $60,000, only to find that it has crashed all the way down to $30,000 the next week. That&rsquo;s not a nice feeling to experience, especially if you only wanted to make a bit of profit, and aren&rsquo;t &ldquo;in it&rdquo; for the long run!</p>\n<p>Another big con that you should consider before investing in crypto is that this space is still <strong>not properly regulated</strong>, in most areas around the world. Governments are trying to change this, but these bureaucratic processes are usually very slow and tedious.</p>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"Is cryptocurrency a good investment: Poorly regulated.\" src=https://www.bitdegree.org/"https://assets.bitdegree.org/crypto/storage/media/should_you_invest_in_crypto_05.o.jpg/" alt=\"Is cryptocurrency a good investment: Poorly regulated.\" width=\"1000\" height=\"1045\" /></p>\n<p>Why does this matter? Well, <strong>it&rsquo;s very easy to get scammed</strong>, or face tax-related issues when you&rsquo;re dealing with an unregulated financial market. There are little-to-no fail-safes, and you become completely responsible for whatever happens to your assets. It requires a lot of knowledge and time in the market in order to make the smartest possible decisions!</p>\n<h2>Final Thoughts</h2>\n<p>To finish off, let&rsquo;s wrap it up by stepping back, and taking a look at the question - <strong>should you invest in crypto?</strong></p>\n<p>Well, I believe that cryptocurrencies &amp; crypto technology is a really cool innovation, and one that&rsquo;s still very young. This means that there are going to be a lot of issues associated with it, and a lot of things that still need to be figured out. I mean, you could say that one of the cons of investing in crypto today is the fact that there are still very limited use cases for this technology!</p>\n<p>As time goes on, though, it&rsquo;s obvious that crypto is becoming more and more adapted into our everyday lives. If you&rsquo;re a fan of innovations, this is super-exciting! Whatever the case might be, however, and whatever you might decide to do, just keep in mind that, as of me writing this section, the space is still quite unpredictable, and <strong>you need to be very cautious with everything that you do!</strong></p>","preview_url":"https://www.bitdegree.org/crypto/learn/is-cryptocurrency-a-good-investment","youtube_video":{"id":124,"channel_id":1,"sort":26,"video_title":"Is Cryptocurrency a Good Investment? (5 PROS & CONS!)","description":"Is cryptocurrency a good investment, and what are the pros & cons of doing it?\n\nWith cryptocurrencies becoming as popular as they are, it’s no wonder that more and more people ask - is crypto a good investment? Additionally, what about the pros and cons associated with this activity - which outweighs which?\n\nIn this video, I’ll be addressing all of those questions, and a couple more. I will tell you about what makes crypto such an appealing field for investors, as well as cover some of the biggest benefits and shortcomings of this particular financial market.\n\nDo you think investing in crypto is worth it? Or are you someone who stays away from doing it? Share your opinions, in the comments below!\n\nVideo Time Table:\n\n0:00 Introduction to Is Cryptocurrency a Good Investment\n0:59 What's the Appeal of Investing in Crypto?\n3:07 The Pros & Cons of Investing in Crypto\n08:03 Wrap-up: Is Cryptocurrency a Good Investment?\n\nMore Related Videos:\n\n? How to Avoid Rug Pulls in Crypto?\nhttps://www.youtube.com/watch?v=tNPU6AY4o74\n? How to Get Free Crypto?\nhttps://www.youtube.com/watch?v=aNjehGx3WqM\n? How to Avoid Crypto Taxes?\nhttps://www.youtube.com/watch?v=ERzU_Xz_P-o\n? What Does Staking Mean in Crypto?\nhttps://www.youtube.com/watch?v=irhlfrCrywo \n\nGet Quick Crypto Tips on Twitter - Follow:\nhttps://twitter.com/crypto_xplained\n\n#IsCryptocurrencyaGoodInvestment #IsCryptoaGoodInvestment #ShouldIBuyCrypto","video_id":"cqVkgcEa5NI","duration":543,"view_count":305,"thumbnail_url":"https://i.ytimg.com/vi/cqVkgcEa5NI/hq720.jpg","thumbnail_width":1280,"thumbnail_height":720,"published_at":"2022-09-08 15:03:30","created_at":"2022-09-08T23:00:02.000000Z","updated_at":"2023-05-21T23:00:04.000000Z","channel":{"id":1,"title":"CryptoFinallyExplained","channel_id":"UCOryUY0yxC08eJtK23mNgiA","main_playlist_id":"UUOryUY0yxC08eJtK23mNgiA"}},"featured_image":{"id":7970,"uuid":"97ba4b02-cac2-4a9a-97d9-517f29a0ba30","public_url":"https://assets.bitdegree.org/crypto/storage/media/is-cryptocurrency-a-good-investment-featured-image.o.jpg","path":"crypto/storage/media/is-cryptocurrency-a-good-investment-featured-image.o.jpg","original_path":"crypto/storage/media/is-cryptocurrency-a-good-investment-featured-image.jpg","name":"is-cryptocurrency-a-good-investment-featured-image.o.jpg","original_name":"is-cryptocurrency-a-good-investment-featured-image.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"98.62KB"}},"chapterList":[{"id":1,"title":"Blockchain","slug":"blockchain","updated":null,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-blockchain.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/blockchain-101.jpg","rating":100,"sections":[{"slug":"what-is-blockchain","title":"What is the Blockchain?","featured_image_id":6412,"status":"published","chapter_id":1,"language":"en","order":1,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-blockchain","featured_image":{"id":6412,"uuid":"152ba579-ce8d-488a-9e06-bcd99e976b7d","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-is-blockchain-626fbe085a0cd.o.jpg","path":"crypto/storage/media/what-is-blockchain-626fbe085a0cd.o.jpg","original_path":"crypto/storage/media/what-is-blockchain-626fbe085a0cd.jpg","name":"what-is-blockchain-626fbe085a0cd.o.jpg","original_name":"what-is-blockchain.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"93.86KB"},"youtube_video":null},{"slug":"decentralized-blockchain","title":"Anonymous & Decentralized Blockchains: The Cornerstone of 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Explained","featured_image_id":7442,"status":"published","chapter_id":1,"language":"en","order":4,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/crypto-fees","featured_image":{"id":7442,"uuid":"f554012e-7fe1-4636-9718-81abd3499361","public_url":"https://assets.bitdegree.org/crypto/storage/media/crypto-fees-featured-image.o.jpg","path":"crypto/storage/media/crypto-fees-featured-image.o.jpg","original_path":"crypto/storage/media/crypto-fees-featured-image.jpg","name":"crypto-fees-featured-image.o.jpg","original_name":"crypto-fees-featured-image.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"78.90KB"},"youtube_video":null},{"slug":"what-is-bridging-in-crypto","title":"The Key Notion Behind the Concept of Bridging in 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For?","featured_image_id":7272,"status":"published","chapter_id":1,"language":"en","order":6,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/types-of-blockchains","featured_image":{"id":7272,"uuid":"6ad01272-67ac-4719-8e88-7f01752a0628","public_url":"https://assets.bitdegree.org/crypto/storage/media/types-of-blockchains-featured-image.o.jpg","path":"crypto/storage/media/types-of-blockchains-featured-image.o.jpg","original_path":"crypto/storage/media/types-of-blockchains-featured-image.jpg","name":"types-of-blockchains-featured-image.o.jpg","original_name":"types-of-blockchains-featured-image.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"110.34KB"},"youtube_video":null}]},{"id":2,"title":"Cryptocurrencies","slug":"cryptocurrencies","updated":null,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-cryptocurrencies.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/cryptocurrencies-101.jpg","rating":100,"sections":[{"slug":"what-is-a-cryptocurrency","title":"What is a Cryptocurrency?","featured_image_id":7751,"status":"published","chapter_id":2,"language":"en","order":1,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-a-cryptocurrency","featured_image":{"id":7751,"uuid":"791c4203-70ae-4c68-8a02-bc1769331e86","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-is-cryptocurrency-featured-image.o.jpg","path":"crypto/storage/media/what-is-cryptocurrency-featured-image.o.jpg","original_path":"crypto/storage/media/what-is-cryptocurrency-featured-image.jpg","name":"what-is-cryptocurrency-featured-image.o.jpg","original_name":"what-is-cryptocurrency-featured-image.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"90.10KB"},"youtube_video":null},{"slug":"how-does-cryptocurrency-work","title":"How Does Cryptocurrency 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Differ?","featured_image_id":6414,"status":"published","chapter_id":2,"language":"en","order":4,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/coin-vs-token","featured_image":{"id":6414,"uuid":"c272a929-e278-42e8-9f7c-5425cfa42224","public_url":"https://assets.bitdegree.org/crypto/storage/media/coin-vs-token.o.jpg","path":"crypto/storage/media/coin-vs-token.o.jpg","original_path":"crypto/storage/media/coin-vs-token.jpg","name":"coin-vs-token.o.jpg","original_name":"coin-vs-token.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"97.03KB"},"youtube_video":null},{"slug":"what-are-stablecoins","title":"What are Stablecoins, Altcoins & Wrapped 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All Crypto From

Scratch!

Crypto 101 Handbook

Chapter 1: Blockchain

• 1.1

  What is the Blockchain?
  1.2

  Anonymous & Decentralized Blockchains: The Cornerstone of Crypto
  1.3

  What is a Blockchain Transaction in Crypto?
  1.4

  The Different Types of Crypto Fees Explained
  1.5

  The Key Notion Behind the Concept of Bridging in Crypto
  1.6

  Different Types of Blockchains: What to Look Out For?

Chapter 2: Cryptocurrencies

• 2.1

  What is a Cryptocurrency?
  2.2

  How Does Cryptocurrency Work?
  2.3

  Is Cryptocurrency a Good Investment? The Pros & Cons
  2.4

  Coin VS Token: How Do They Differ?
  2.5

  What are Stablecoins, Altcoins & Wrapped Coins?
  2.6

  Bitcoin: the Pioneer of the Crypto World
  2.7

  The Ultimate Blockchain for dApp Creation: Ethereum
  2.8

  What is Cardano and What is It Used For?
  2.9

  Shiba Inu: the Dogecoin Killer
  2.10

  Is Solana an Improved Version of Ethereum?
  2.11

  The Bridge Between Blockchains: Polkadot
  2.12

  Polygon: the Essential Scaling Solution for Ethereum
  2.13

  The Practical Use of Crypto

Chapter 3: Crypto Exchanges

• 3.1

  How do Cryptocurrency Exchanges Work?
  3.2

  DEX VS CEX: Two Sides of the Crypto Exchange Industry
  3.3

  Crypto Day Trading: The Difference Between Buying, Trading, and Swapping
  3.4

  KYC & AML: The Key to Complying With Legal Industry Standards
  3.5

  From Fiat to Crypto: How to Buy Crypto for the First Time
  3.6

  Taking Profits: Turning Crypto Into Fiat
  3.7

  You’ve Got Crypto: What Can You Do With It?

Chapter 4: Crypto Wallets

• 4.1

  What is a Crypto Wallet?
  4.2

  Hot Wallet VS Cold Wallet: Which One to Pick?
  4.3

  What are Non-Custodial Crypto Wallets?
  4.4

  Metamask: The Leading Non-Custodial Wallet
  4.5

  The Key Crypto Wallet Safety Practices: How Safe Can Crypto Be?

Chapter 5: NFTs

• 5.1

  What are Non-Fungible Tokens (NFTs)?
  5.2

  NFT Trading: The Ins and Outs
  5.3

  Tips and Tricks of Choosing the Right NFTs
  5.4

  How to Store NFTs: Best Practices
  5.5

  How to Create Your Own NFTs?
  5.6

  Making Passive Money with NFTs

Chapter 6: dApps & Defi

• 6.1

  What is Decentralized Finance (DeFi)?
  6.2

  DeFi 2.0: The New Version of Decentralized Finance
  6.3

  What Are dApps and How Do They Work?
  6.4

  Picking the Right dApps: Dos and Don'ts
  6.5

  Web 3.0: The Future of the Internet
  6.6

  What is the Core Purpose of Smart Contracts?
  6.7

  The Notion of a Decentralized Autonomous Ogranization (DAO)
  6.8

  What is the Goal of Staking Crypto Assets?
  6.9

  What is a Liquidity Pool and How Does It Work?
  6.10

  Automated Market Maker: the Cornerstone of the Decentralized Crypto Exchange Industry
  6.11

  The Main Yield Farming Techniques
  6.12

  Crypto Oracles: The Link Between Blockchain and Outside World Data
  6.13

  The Peculiarities of Decentralized Crypto Gambling
  6.14

  Metaverse: A New Perception of Reality

Chapter 7: Trading & Investing

• 7.1

  Where Can You Trade Cryptocurrencies?
  7.2

  Investing in Crypto: What Investing Options Do You Have?
  7.3

  ICO vs IDO vs IEO: Which One is the One?
  7.4

  What are Crypto Airdrops and How to Get Them?
  7.5

  How to Get Free Crypto Assets?
  7.6

  What is Crypto Arbitrage: The Main Principles
  7.7

  What is FUD: How to Use It to Your Advantage While Investing in Crypto?
  7.8

  Investing in Cryptocurrency: How to Manage Your Risks?
  7.9

  What is a Rug Pull in Crypto?
  7.10

  How to Spot and Avoid Rug Pulls?
  7.11

  The Key Legal Techniques of Avoiding Crypto Taxes

Chapter 8: Crypto Analysis

• 8.1

  Bearish and Bullish Markets: Do They Matter?
  8.2

  5 Best Crypto Technical Analysis Indicators You Must Know About
  8.3

  Technical Analysis: What are Candlesticks, Trendlines, and Patterns?
  8.4

  Crypto Tracking: How to Track Your Favorite Coins & Tokens?
  8.5

  Crypto Research Fundamentals & Social Signals: Your Daily Trading Strategy

Chapter 9: Mining

coming soon

Chapter 10: Crypto Terms

• 10.1

  All Crypto Terms

# ABCDEFGHIJKLMNOPQRSTUVWXYZ

Handbook Cover Page

Chapter 2: Cryptocurrencies

Is Cryptocurrency a Good Investment? The Pros & Cons

Did you know that the Bitcoin price in 2009 was barely above zero? Nowadays, it costs thousands of dollars.

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In this section, we’re going to answer the question - is cryptocurrency a good investment?

 

If you’re reading this, it’s probably no secret that you’re interested in cryptocurrencies. As you should be - the crypto industry has seen some unparalleled growth over the past few years!

That said, however, online, on social media platforms, there’s a constant mixture of good and bad news surrounding the crypto space. One day the market is experiencing unprecedented growth, while the other - everything’s crashing down rapidly! All of that might lead you to wonder - is crypto a good investment?

In this section, we’re going to talk about investing in crypto. To be a bit more specific, we’ll address the questions of what’s the general appeal of crypto, to begin with, what are the pros and cons of investing in this industry, and wrap things up with a clear conclusion, too.

Without further ado, let’s get to it!

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What’s the Appeal of Investing in Crypto?

So, naturally, the first question that we should look into is this - what’s the actual appeal of investing in crypto, and why do so many people do it nowadays?

Well, as you might probably expect, there isn’t a single answer to this question. Let’s still look at some of the more-common ones, however.

First of all, cryptocurrencies are still relatively new. This opens them up to being a very speculatory asset class - no one really knows how much a crypto asset “should” be worth, and thus, there’s potentially some money to be made, if you’re lucky enough!

Imagine it like this - let’s say that scientists have just discovered a new form of apples. These apples are super-healthy, juicy, delicious, and can stay fresh for a very long period of time. How much would an apple like that be worth?

Well, straight off the bat, no one would know! Do these apples have any downsides? Are they rare, and difficult to grow, or maybe in a year or so, everyone will have this type of an apple tree in their garden? Again - there’s a lot of speculation involved, and the price of that apple might sway quite a bit!

Same as with those apples, people love to speculate about certain cryptocurrencies, as well. Which of them will grow in price, and which will fall? How can you maximize your potential returns? These and many more questions lead people to wonder - is cryptocurrency a good investment?

Another big reason why certain individuals might want to invest in the space is simply because it’s an innovation. As I’ve pointed out a few times already, crypto is still very new - as time goes on, though, it’s becoming increasingly more adopted, by the day. Some people might simply enjoy being “ahead of the curve”, and want to participate in this technological advancement, as early as possible.

A common example here would be the internet, in the early 2000s. When it just came about, there were countless numbers of skeptics who thought that it’s just a fad, and that it would go away in a few months or years. Well, as you probably know, the reality is very different! Many people hope that the same will be true with crypto, too.

There are multiple additional reasons for why individuals are wondering - is cryptocurrency a good investment? That being said, though, if you’re one of those people who strive to be an early investor, simply because you love the technology behind the concept, make sure to check out other sections on our Crypto 101 Handbook - there are countless sections about all-things-crypto, to help you understand the space better!

The Pros & Cons of Investing in Crypto

Moving on, let’s now take a look at some of the biggest pros and cons of investing in cryptocurrencies. Once you have them laid out clearly, in front of you, the decision will be much simpler to make!

Let’s start with the pros.

The very first benefit of investing in cryptocurrencies is the joint anonymity & transparency factor. When you invest in crypto, you are able to remain completely anonymous while doing so, if you wish to.

These days, with regulations getting stricter, it’s something that’s becoming increasingly more difficult to do. However, crypto enthusiasts still find ways to achieve at least partial anonymity - it all depends on just how far you’re willing to go!

Transparency is another key factor to consider, in that equation. Cryptocurrencies are based on blockchain technology, which is, by default, transparent. Unless we’re talking about some niche private blockchain, public ledgers will allow everyone to come in and check the code behind them, and search for various potential bugs and issues.

All crypto transactions that are performed on such blockchains are public, as well. However, they won’t have your name attached to them - instead, only your wallet address will be shown to the observer, which does, once again, prove the anonymity aspect of the entire ordeal.

If you’d like to learn more about how all of this works, you can check out the section on blockchain decentralization and anonymity - I go more in-depth into this topic there.

Next up - the chance to earn huge returns on your investment.

Yes, this one’s a bit obvious, but it can still be considered somewhat of a benefit, or a “pro” of investing in crypto. That’s simply because there isn’t any other popular financial field that would allow you to earn such potential returns!

A large part of the crypto appeal is the fact that this industry has managed to turn multiple people into millionaires, overnight. It’s like you playing in a lottery, but one that would allow you to increase and decrease your odds, depending on how well you’ve done your research.

Of course, everything is never as simple as it seems, and there are huge downsides that accompany this factor, as well. We’ll talk about them later, though - for now, just keep in mind that many people would answer the question of “should you invest in crypto?” by giving you this very reason to do so - the potential for huge returns.

Moving on, another huge pro of investing in cryptocurrencies is the fact that, as I’ve pointed out earlier, there are seemingly countless ways to do so. And no, I’m not talking about using different exchange platforms to buy your crypto - instead, I’m referencing the variety of choices that this space houses.

If you want to take the “traditional” path, you COULD go ahead, register on an exchange, and purchase crypto this way. On the other hand, there’s also the DeFi (or, decentralized finance) space to explore, with all of the different services that it offers. Then, there are NFTs, which are a whole separate world, in of themselves.

These few categories then split off into a huge array of smaller subcategories - crypto borrowing and lending, advanced trading tools, royalty earnings with NFTs, different investment strategies, DAOs, and so on, and so forth. Each of these topics deserve a separate section of their own - I’ve already covered quite a few of them in our Crypto 101 Handbook, so don’t forget to check it out!

One more huge “pro” of investing in cryptocurrencies is the fact that this financial field is often considered to be much more approachable than traditional finance, at least for the younger generation. That’s due to the fact that crypto is constantly popping up in various pop-culture events, especially when it comes to memes.

Think about it yourself - Elon Musk and his support for Dogecoin, the surge of animal-themed coins and tokens, that whole situation with the WallStreetBets subreddit, and so on. Combine that with the fact that you can start investing in crypto with as little as a few dollars, and you can see why many people from the younger generation are wondering - should I buy crypto?!

With all of that being said, however, we couldn’t really finish off this section without talking about the negative aspects of investing in space, too. At the very top of these cons, you will find market volatility.

It’s something that I’ve explored earlier when talking about the appeal of crypto. Remember that example with the special apple? Well, sure - the price (or, worth) of that apple could go up, and make you a lot of money! However, it could also crash down, when you find out that all of your friends and neighbors have also acquired a huge amount of these apples.

The same is true with crypto, as well. With it being so new and, frankly, still poorly regulated, no one really knows how much this technology is worth, and the speculatory nature of this ordeal can really put a dent in your wallet! Say, you decide to buy BTC when it’s worth $60,000, only to find that it has crashed all the way down to $30,000 the next week. That’s not a nice feeling to experience, especially if you only wanted to make a bit of profit, and aren’t “in it” for the long run!

Another big con that you should consider before investing in crypto is that this space is still not properly regulated, in most areas around the world. Governments are trying to change this, but these bureaucratic processes are usually very slow and tedious.

Why does this matter? Well, it’s very easy to get scammed, or face tax-related issues when you’re dealing with an unregulated financial market. There are little-to-no fail-safes, and you become completely responsible for whatever happens to your assets. It requires a lot of knowledge and time in the market in order to make the smartest possible decisions!

Final Thoughts

To finish off, let’s wrap it up by stepping back, and taking a look at the question - should you invest in crypto?

Well, I believe that cryptocurrencies & crypto technology is a really cool innovation, and one that’s still very young. This means that there are going to be a lot of issues associated with it, and a lot of things that still need to be figured out. I mean, you could say that one of the cons of investing in crypto today is the fact that there are still very limited use cases for this technology!

As time goes on, though, it’s obvious that crypto is becoming more and more adapted into our everyday lives. If you’re a fan of innovations, this is super-exciting! Whatever the case might be, however, and whatever you might decide to do, just keep in mind that, as of me writing this section, the space is still quite unpredictable, and you need to be very cautious with everything that you do!

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