Chapter 2
Why Invest in Cryptocurrencies?
IN THIS CHAPTER
Comparing cryptocurrencies to traditional investments
Building capital appreciation
Boosting income potential
Empowering people with cryptocurrencies
Whether you’re a seasoned investor who has been exposed only to investment assets other than cryptos or you’re just starting to invest (in anything!) for the first time, you’re probably wondering why you should consider including cryptocurrencies in your portfolio. You’ve probably heard about Bitcoin here and there. Heck, you may have even heard of other cryptocurrencies such as Ethereum and Litecoin. But what’s the big deal about all these funny-sounding coins anyway? Is Litecoin just a very light coin that won’t take much space in your physical wallet? Is a Bitcoin made of bits and pieces of other valuable coins? Why on earth should you invest in bits of coins?
You can read all about the different types of cryptocurrencies, what they’re made of, and what their purpose is in Chapter 8. Here, I give you a general overview of the market as a whole. That way, you can decide whether ...
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