There’s a Cryptocurrency Index Fund You Should Know About

Why I’m investing in Crypto20 by Invictus.

Disclaimer: The information in this article is for general information purposes only. It is not intended as legal, financial or investment advice and should not be construed or relied on as such. Seek the help of a financial expert before making any decisions.

Unless you’ve been living under a rock, you’ve probably heard of cryptocurrency and bitcoin. To most people, it’s interesting to hear about the crazy market climbs and accompanying market crashes. But they’re not invested so they don’t make much off it.

To some, it’s the technology of the future. It’s inevitable. It’s a decentralised digital currency. It’s digital gold. It’s here to stay.

And to the sceptics, it’s absolute bullshit. A fraud. A scam. Where do I fit in?

I first got involved in cryptocurrency around the time many other did — the 2017 bull market. Of course, I had no idea what I was doing and I invested in a bunch of coins that I knew nothing about. When the crash happened, I, like most newbie investors, panicked and sold. Luckily for me I still managed to profit and pay for a trip to Europe.

To me, crypto may or may not be the way of the future. There are so many different opinions on the topic. It’s hard to decipher for someone without a background in tech. The same thing could be said for the stock market. As an outsider looking in, it seems complicated and confusing until you do some research.

For me, investing in the stock market is simpler than investing in crypto because you deal with a lot of these companies on a daily basis. Still, it’s tough to look at all the financial statements, the technical analysis, the expert opinion, the market moves, and all the rest before deciding to invest in a company. So most people, myself included, invest the majority of their money into ETF’s that track an index. The great part about investing in this manner is that you’re not picking an individual company to do well. You’re picking a group such as the S&P 500 or the ASX200 down here in Australia. These indexes follow the top 500 companies in the US or the top 200 companies in Australia.

So what does this have to do with crypto? Similar ideas exist in the crypto world. You can pick individual coins such as Bitcoin, Ethereum or Monero. While this isn’t such a bad idea when it comes to the “stable” coins, investing in smaller “alt” coins can be difficult. There are literally thousands of coins on the market and more are coming in every day. I invest in 3 coins at the moment: BNB, ETH, and BTC. However, with my lack of technical expertise, I wanted more diversification. This lead me to research if there were any index funds in the cryptocurrency world. While there aren’t many out there on the market (yet!), I did find one that I like the look of and have started investing in.

Source: https://medium.com/coinmonks/theres-a-cryptocurrency-index-fund-you-should-know-about-65afa9ca19aa?source=rss——-8—————–cryptocurrency