Investing in digital currencies, especially in the extremely hot coins, requires a little bit of industry knowledge and a whole lot of DYOR-ing. Luckily, once you’ve mastered both, you can be on your way to making more thoughtful — and potentially lucrative — decisions in cryptocurrency investments.
With the current crypto market cap looking at an eye-popping $1.5 trillion, and over 10,000 coins to choose from, more and more investors are adding digital currencies to their portfolios. As a result, the days of holding only the Big Two, Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH) are, quite frankly, passé.
In the hope that they’ll strike gold by pulling the trigger on the newest trending altcoin (any coin that is not Bitcoin), many investors rush in, chasing the pump. While I appreciate that new crypto investors are eager and sometimes overly confident, I do believe in being conservative.
That is, until you