Let’s start by saying that everyone should do their own research about the most lucrative crypto investments for the coming year. Whatever the situation at the moment, it is highly likely that cryptocurrencies are going to continue to increase in value, whether that is Bitcoin, Ethereum, Ripple, Dogecoin, you name it. That being said, cryptocurrencies are either an incoming revolution or the most overpriced trend in history depending on who you talk to.
It cannot be denied that there have been some really big winners in the cryptocurrency world. So what do you invest in and when do you start? Bitcoin has been the number one cryptocurrency for quite a while now. It was started in 2009 by Satoshi Nakamoto (a mysterious figure) and has risen steadily since then. In September 2017 Bitcoin reached an all-time high of over $5,000 per coin! Of course since then we have seen the price closer to $70,000 and market caps in the trillions. Clearly there is a lot of interest in the world of crypto investing and we are now seeing governments and institutions getting involved in the game.
So what can we all do to try and make money from cryptocurrency in 2022?
Invest in Real Estate
If you have seen returns on your crypto investments then you should consider crystallising some of your gains and diversifying into something tangible. The world of digital currencies has come so far. There are websites like Crypto Emporium where you can search real estate and property listings from all over the world. Everything you find on the site all are available to buy with leading coins like Bitcoin, Ethereum and Litecoin. Now it goes without saying that property investments are very different from crypto investments, but finding a way to buy a house with crypto, or apartment / mansion without needing to go to an exchange would save a lot in fees.
We are not just talking cryptopunks and squiggles, although these are amazing examples of some of the most popular pieces of crypto art that shot to popularity in 2021. NFTs have a lot of potential to be used for many things like smart contracts or stopping illegal downloads. There is so much potential for this area of the digital world so finding projects that look to benefit from the functional potential of NFTs will be a good place for investment in new areas of the digital economy.
Whether we are near all time highs, or in the middle of a slump, it may always be a good time to invest in cryptocurrency. This, of course, depends on your time horizon, outlook on the future of crypto, and your ability to weather the storms of crypto investing. Always beware of shitcoins, but adoption is more widespread than ever and it seems that cryptocurrencies are here to stay. Without going into the intricate details of individual coins, we recommend looking into the issues with fiat currency and things like inflation. Then when you understand how cryptocurrency differs you may want to start researching which coins you want to invest in.
Invest In Yourself
As a word of caution… Always be wary of scams and scammers. At the same time it is always worth exploring information and, in some cases, investing in your own learning. There are lots of free resources and forums which can have a lot of great information. However there is also so much bad quality information that it can be difficult to see the wood for the trees.
Always try to seek out knowledgeable and respectable people to follow on sites like youtube, social media, or when listening to podcasts and interviews. Many commentators have airtime on prime time tv so you should be able to find someone who can provide some further information. Not everyone will give away their information for free, which is understandable. Ask yourself if you would pay to hear some more in depth information from this person or company. If the answer is yes then investing in your education is always a good idea.
What To Expect in the Crypto World in 2022
Expect the unexpected. Cryptocurrency prices will rise and fall and there will always be winners and losers on either side of the trend. We are expecting more of the same volatility in the markets, but it seems like widespread adoption is happening. It does seem that crypto is here to stay and it makes sense to at least learn about how everything works so you are prepared for what may come in the future and how to spend cryptocurrency.