Profitable Investing Tips
The world of cryptocurrency is not going away. The task at hand is finding the right crypto investments going forward. Unfortunately, not all crypto ideas turn into success stories. Here is one example of broken crypto and NFT dreams as a cautionary tale for would be investors.
Chairman Powell noted that the Fed can only deal with monetary issues and not with supply chain disruption caused by Russia’s war in Ukraine and China’s recurring lockdowns. Thus, investors ought to be investing for a recession instead of a continued era of low rates and easy money.
Cryptocurrencies were supposed to be safe havens in times of economic trouble and protection against the erosive effects of inflation. Unfortunately, Bitcoin and others have fallen significantly in value since the later part of 2021. Now it appears to be time to think about how to protect your crypto from inflation.
The world of nonfungible tokens offers almost endless investment opportunities. Along with decentralized finance and the Metaverse, NFTs offer practical as well as profitable applications in the world of cryptocurrencies. However, there are NFT investment risks to be aware of.
Anyone who bought Bitcoin when promoters said it would hit $100,000 by the end of the year were badly burned. Nevertheless, there is a future for cryptocurrencies and the task at hand is choosing crypto investments that will prosper in the new crypto era.