کرپٹو میں سرمایہ کاری کیسے کی جائے - BENERS Guide

what’s up guys, welcome again to our new article. Well, nowadays we see, A cryptocurrency (or “crypto”) is a digital currency that can be used to buy goods and services, but uses an online ledger with strong cryptography to secure online transactions. Much of the interest in these unregulated currencies is to trade for profit, with speculators at times driving prices skyward

Cryptocurrency کیا ہے؟

It’s easy to get tripped over the technicalities of cryptocurrency, so let’s start with the cryptocurrency basics. Cryptocurrency is digital money. Because it’s purely digital, there are no physical coins or bills tied to it. Cryptocurrencies are not tied to valuable assets. they are not tied to anything of value in the real world, and this makes the value fluctuate erratically, which you’ve likely seen.

For example, In July of 2019, Bitcoin fell about $530, or 5%, in 40 minutes after being mostly flat for the day. Why? There was speculation, but no real answer. In February of 2021, the price of a single bitcoin “briefly rose above $50,000”, setting a new record. Why? There was speculation, but no real answer. Unlike stocks, bonds, artwork, real estate, or precious metals, cryptocurrencies have no use or value outside of possession. Gold Silver’s founder, Mike Maloney, likes to compare “crypto” to gold except for the big distinction there is that gold has a purpose outside of using it for currency. Gold is a vital component in electronics, and jewelry and thus has value outside of its limited supply. Cryptocurrency, on the other hand, only costs money because someone else has it, and wants money to give it to you.

In 2009, Bitcoin, the first cryptocurrency, was just a fad that no one believed in. While the blockchain technology behind Bitcoin was impressing the tech community, it wasn’t drawing the interest of the common public as an investment option. Now after more than a decade, a lot of cryptocurrencies have entered the crypto market, and Bitcoin has emerged first in line with the highest value.

At the moment, investing in cryptocurrency is on every investor’s radar. People who bought cryptocurrency in 2017 before the price explosion are reaping the benefits of the investment decision of their lives. So, are you ready to start your investment journey with cryptocurrency?

Every cryptocurrency has a particular set of parameters that one should research before investing. One can broadly divide them into three categories: project metrics, financial metrics, and on-chain metrics.

1. پروجیکٹ میٹرکس

Every project that launches its token builds some qualitative aspects around its project and coins. These aspects are very close to how people Analyse companies, but still, they have their uniqueness.

Read the whitepaper: Whitepaper is the crypto equivalent of a Draft Red Herring Prospectus (DRHP) that states every aspect of the project and the coin. The whitepaper is a technical document that every project displays on its website to inform its potential investors of the complete details. A good whitepaper usually puts forward the technology the project uses, the use case or the solution that it offers, its plans and roadmaps, and the supply and distribution dynamics of its tokens. It is always wise to ponder these points and do thorough research on the use case, as these are the first clues that can help the investor gauge the quality and longevity of the project. Also, if the project is just a me-too project and is addressing an already competitive market, then again, it’s a no-go.

2. Financial metrics

Just like with shares, a trade-off between stability and higher returns, and liquidity and volumes traded are things you must consider before investing in crypto.

Market capitalization: Market capitalization (or network value) in cryptos is calculated by multiplying the circulating supply with the current price. This represents the cost to buy a particular token of that project. While market capitalization may sometimes not give an accurate picture of the actual token in supply (lost keys and coin burns don’t form part of active supply), market capitalization is used extensively to figure out the growth potential of networks. While many believe small caps to be risky, they may have good growth potentials. Others may choose large caps, which are believed to have more robust networks and stability even with limited growth potential.

3. آن لائن میٹرک

As crypto tokens are based on blockchains, and their data is freely available, it is necessary to consider the on-chain analysis of each token. While many websites give on-chain data, it is essential to cross-verify them from multiple sources, including running a node for the desired network.

While this aspect is slightly technical, it’s necessary to understand each factor. Some good sources for on-chain data are CoinMarketCap’s on-chain analysis of Bitcoin and Coinmetrics’ Data Charts.

How To Invest in Cryptocurrency?

1. چھوٹا شروع کریں۔

Like the stock market, the crypto market is extremely volatile which means prices will rise and fall unpredictably. It is only wise to invest in cryptocurrency after you make sure you have enough liquid funds for at least 6 months without any debts. Once you’re clear on this, start by investing in stocks (if you haven’t already) to understand your capacity to deal with risks. Once you know you can handle the ups and downs, set aside a small part of your money to invest in cryptocurrency. If possible, limit your investment to 5–10% of your income.

2. Select your Cryptocurrency

Yes, there is more than one cryptocurrency in the market right now with different price points. But it is advisable to not jump board and invest in 5 different small cryptocurrencies. A lot of homework is required to select the right crypto coin. Be aware of what is happening in the market, make a list of the 5 best performing cryptocurrencies and observe their growth chart. Right now, Bitcoin is the largest cryptocurrency in the world, it’s also the most trusted one next to Ethereum, Ripple, Litecoin, and Binance Coin.

Here’s why this is the most important part of your investment journey. In the past decade, a lot of cryptocurrencies that entered the market either flatlined or disappeared without a trace. This means your $100 investment can turn into a big fat zero with just one hasty decision.

3. Pick the Right Cryptocurrency Exchange

It’s a place where you can buy, sell or hold your crypto assets. Analytics Insight has a detailed list of the best cryptocurrency exchanges with information about transaction fees, pros, and cons here. Like how banks and other financial institutions are designed to loan money, store money, and provide mortgages, these crypto exchanges are specifically designed to manage cryptocurrencies and their volatile nature.

4. Choose a Cryptocurrency Wallet

What is a cryptocurrency wallet? It’s software that stores the private and public key that adds as a link between you and the blockchain where your crypto assets are. Many people confuse crypto wallets with a storage place for cryptocurrencies but in technicality they just let you access your cryptocurrency on the blockchain with a crypto address known as the key. Without the key, you cannot complete a crypto transaction. You can send and receive cryptocurrencies during a transition with any company that accepts cryptocurrencies for payment.

If you follow the above-mentioned steps, you are ready to invest in cryptocurrency. No matter what cryptocurrency you invest in, prepare yourself for some instability, and analyze the price regularly.

Source: https://medium.com/geekculture/how-to-invest-in-crypto-beginners-guide-deefde735125?source=rss——-8—————–cryptocurrency