Cryptocurrency markets are here to stay.  It is only practical to start off with a very low investment – say 1% of your investment portfolio. Investing 1% of your network in cryptocurrency assets makes sense to be in the game.  It is not realistic to put all of one’s money in cryptocurrency as the risk factors are too much.  However, considering the high risk and high returns factor to be in the game 1% of your investment portfolio in cryptocurrency makes sense.

Best Cryptocurrency Savings Account

By investing in the best cryptocurrency savings account, you might not become a millionaire, but you can still see significant returns.  The potential of cryptocurrency to facilitate good returns is here to stay – it might not give explosive returns, but it is not possible to completely rule out the possibility of making significant returns – so rather than questioning its potential it is only practical to stay in the game investing a little of your potential.  Also, important to not be too greedy about the returns one can expect.

Sell Cryptocurrency for a Profit

When you sell cryptocurrency for a profit you will be taxed on the difference between the purchase price and the sale proceeds.  Selling cryptocurrency does not happen only for cash, but it includes exchanging one cryptocurrency daily for another by making use of crypto to pay for goods or services.

Investment for the Long Term

Cryptocurrency is definitely – lucrative investment; however, it is possible when in the game for a long term.  Staying in the game for a short term and expecting lucrative returns is not a practical expectation. Downturns and extreme volatility is common in the cryptocurrency space. The volatility can make things seem difficult, but it is possible to make returns no matter how the market is -for those who know how to tide over the trends.

Cryptocurrency the Speculative Asset

The entire cryptocurrency space is speculative about how any crypto whether Bitcoin, Altcoins, or Stable Coin will fare over time. However, still it is important to know that even the strongest investments are not guaranteed to succeed. It is about using the right strategy to make money over time.

Important to know, no one can predict as to which cryptocurrency will thrive over time.  In many cases, the APY offered by the cryptocurrency savings account might not also be guaranteed. However, we are at a time when the industry is evolving.  And, all that is going wrong will fall in place soon with technological upgrades. Be the early bird, reap the advantages.