Friday, January 19, 2018

Ride the Cryptocurrency Tsunami While Reducing the Risk - Consider Blockchain

Based upon our recent posts trading Bitcoin, let alone a "basket" of cryptocurrencies is a high risk and volatile proposition at best. Yes, you will hear or read about people making fortunes a regular basis. But what if there was a safer, longer-term strategy that allows you to be a successful "investor" in this sector? In fact there is. Bitcoin is just one of over 20 highly speculative cryptocurrencies and cryptocurrencies are just one of some 18 applications for the underlying technology "blockchain". Thus, we recommend investing for the longer-term in a blockchain ETF or mutual fund which will diversify your financial risk - regardless of the daily media hype surrounding Bitcoin - allow you to sleep at night a make some profits under the radar. Here are few additional funds to consider: Blockchain ETF (BLCN) and Amplify Transformational Data Sharing ETC.  Expect more blockchain funds to be created as the investment world sees the inherit value. More to come, Lawrence, Cryptocurrency Academy

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